Foreign real estate acquisitions in Cyprus increase in 2025

Data from the Cyprus Land Registry and a report by Business Petersburg indicate that foreign nationals remain the primary drivers of the Cypriot property market in 2025. In June, foreigners purchased 1,185 properties, accounting for approximately 40% of all island transactions. Russian nationals topped the list of foreign buyers, with 336 acquisitions in June alone, while one report suggests they accounted for 51% of total foreign purchases for the year. Other active buyer groups include individuals from Israel, the United Kingdom, Lebanon, and Ukraine. Popular locations for these investments remain Limassol, Paphos, and Larnaca, with high demand for new builds valued between €500,000 and €1.5 million. Buyers are primarily motivated by Cyprus’s European Union status, favorable tax conditions, and the permanent residency program for property investments over €300,000. Despite this demand, foreign buyers, particularly Russians, face significant transaction delays of three to six months due to enhanced banking compliance procedures and due diligence checks.