Cyprus property market reports record growth in first eight months of 2026

Cyprus' property sector continued its strong performance in August 2026, with 1,241 sale contracts lodged, marking a 10 percent increase compared to the same month in 2025. Data from the Department of Lands and Surveys, analyzed by BuySell, indicates that the first eight months of the year saw a total of 13,288 contracts, reflecting a 13.7 percent growth year-on-year. This represents the strongest eight-month opening on record for the sector, with every month in 2026 outperforming its 2025 equivalent.

While August is traditionally a quiet period for the industry—dropping from 2,040 contracts in July to 1,241—the consistent year-on-year growth trajectory remains intact. Monthly gains have fluctuated, with the highest growth rate recorded in June at 27.2 percent and the most significant volume peak occurring in July. Regional performance varied, with Limassol and Paphos serving as primary hubs of expansion, while Larnaca showed notable growth in August with 299 contracts compared to 221 in the previous year.

The persistent upward trend continues despite reports of rising construction costs. Market analysts highlight that no month in 2026 has shown a decline compared to the previous year, underscoring the resilience of the Cypriot property market throughout the ongoing eight-month period.