Cyprus real estate market shows strong growth in 2026

The Cyprus real estate market demonstrated significant growth during the first nine months of 2026, according to data from the Department of Lands and Surveys processed by the Real Estate Agents Registration Council. Nationwide, 14,969 sales contracts were deposited, marking a 14 percent increase compared to the 13,173 contracts recorded during the same period in 2025. Property transfers also grew, with volume rising by 4.1 percent and the total value increasing by 6.6 percent to reach €3.72 billion.

Limassol maintains the highest performance in terms of property transfer values, while Nicosia leads in the number of completed transactions. Paphos saw the highest percentage increase in sales contracts at 18 percent. Additionally, Landbank Analytics reported a sharp rise in new home sales during the third quarter of 2026, with 1,956 transactions totaling €606.4 million, reflecting a 48.5 percent increase in volume and a 51.6 percent jump in value compared to the second quarter.

Marinos Kyneyirou, president of the Real Estate Agents Registration Council, noted that despite various economic challenges, the property market continues to be a key driver of the Cypriot economy. The majority of new home transactions, approximately 64.8 percent, involved properties valued under €300,000, indicating sustained demand across different price segments.