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Cypriot Real Estate Market Sees Robust Growth In 2025 With €6.5 Billion In Transactions

Steady Momentum Throughout The Year

Cyprus’ real estate sector maintained stable growth in 2025, reaching a total transaction value of €6.5 billion, up 8% compared to 2024. Data from PwC Cyprus also show a 4% increase in transaction volume, with deals totaling 25,600 over the year.

Regional Dynamics And Market Leadership

Growth in transaction value was recorded across nearly all regions, with Limassol as the only exception, posting a slight decline. Despite this, the city continues to dominate the market, accounting for 41% of total value and reinforcing its central role in the sector.

Residential Properties: The Engine Of Growth

Residential real estate remained the primary driver of activity, representing 69% of total transactions and reaching €4.5 billion in value. Strong demand for apartments played a key role, contributing around 60% of the overall market growth, particularly in urban areas.

Surge In Foreign Investment

International demand strengthened notably, with foreign buyer activity rising by 16% in 2025. Paphos, Larnaca, and Limassol together generated approximately 80% of this increase, highlighting their continued attractiveness for overseas investors.

High-End Market Performance

Luxury properties priced above €1.5 million accounted for 203 transactions with a combined value of €550 million, representing 8% of the total market. Limassol remained the leading location in this segment, although its share declined from 76% in 2024 to 61% in 2025, as Paphos expanded its presence.

Enhanced Development And Future Outlook

Development activity accelerated during 2025, with building permits rising by 9% and their total value increasing by 28% between January and November. This shift points to a focus on larger-scale and higher-quality projects. Limassol and Nicosia led in total permitted construction area, while additional growth was observed in hotel and leisure developments.

Sustainability And Strategic Adaptation Amid Geopolitical Uncertainty

PwC Cyprus Head of Real Estate Konstantinos Konstantinou emphasized the importance of sustainability, infrastructure investment, and long-term value creation as the sector navigates an increasingly uncertain geopolitical environment. Reported figures precede the escalation of tensions in the Middle East, which may influence market dynamics going forward.

Only 1% Of Cyprus Farms Use Precision Farming Technologies

Cyprus remains one of the European Union’s least digitised agricultural economies, with just 1% of farms using precision farming technologies in 2023, according to Eurostat.

The findings come as the EU continues to encourage the adoption of digital tools aimed at improving agricultural productivity, efficiency and sustainability.

Internet Access Expands, But Digital Uptake Lags

Internet access has improved across the bloc, although adoption remains uneven. Eurostat found that 43% of EU farms had internet access in 2023, with northern and central European countries leading the way.

Denmark, Germany, Slovakia, Latvia, the Czech Republic and Austria all reported internet access rates above 90%.

Greater connectivity, however, has not translated into widespread digital adoption. Farm management information systems, which help farmers manage day-to-day operations, were used by only about 11% of EU farms. France was a notable exception, with around 60% of farms using the technology.

Precision Farming Concentrated In Larger Operations

Robotics adoption also remained relatively limited, with only about 7% of EU farms using robotic technologies. Overall, around 18% of farms with utilised agricultural area employed at least one precision farming technology or practice in 2023.

These included robotics for plant protection, band spraying, variable-rate application, precision crop monitoring and soil analysis. Despite representing fewer than one in five farms, these holdings accounted for around 44% of the EU’s utilised agricultural area.

The figures suggest that precision farming remains concentrated among larger agricultural businesses, where investment in digital technologies is typically easier to support.

Cyprus Lags Behind EU Leaders

Luxembourg, Finland and Estonia recorded the highest shares of utilised agricultural area managed by farms using precision farming technologies, each exceeding 75%.

At the other end of the ranking, Cyprus recorded just 1%, while Greece and Romania reported between 10% and 15%. The results indicate that Cyprus remains at an early stage of digital adoption in agriculture, even as precision farming becomes more widespread across parts of the European Union.

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