Cyprus recorded 21,387 property transfers in 2025, broadly unchanged from 2024, while the value of transactions rose about 10% to €4.73 billion.
The figures were presented at the Cyprus Property Show, where government officials and representatives from the property, construction, engineering and investment sectors discussed housing supply, planning reform and rising costs.
Follow THE FUTURE on LinkedIn, Facebook, Instagram, X and Telegram
Government Seeks More Flexible Planning Rules
Interior Minister Konstantinos Ioannou said housing remains a government priority, with measures aimed at increasing supply and strengthening citizens’ purchasing power.
The government is revising local plans for major urban areas and the Policy Statement to create a more modern and flexible planning framework. First Town Planning Officer Heraklis Achniotis said the reforms could address long-standing weaknesses and shape development over the next 20 to 30 years.
Cyprus Land Development Corporation (KOAG) Director-General Eleni Symeonidou also outlined the organization’s projects aimed at addressing housing demand.
Engineers Warn Of Rising Building Safety Risks
Scientific and Technical Chamber (Etek) President Konstantinos Konstantis said Cyprus still needs a unified housing strategy, although some measures from the chamber’s 2023 housing policy memorandum have been adopted.
He warned that the number of older and potentially dangerous buildings could rise sharply without intervention. “If measures are not taken, the 5,000 dangerous buildings that exist today will become 15,000 or more within five years,” Konstantis said.
He called for regular building inspections through an MOT-style system.
Developers Call For Faster Licensing
The Cyprus Association of Large Investment Projects called for faster licensing of strategic investments and a stable planning, tax and investment framework.
The group also highlighted infrastructure, energy costs and access to specialized labor, while calling for greater use of technology and green-transition measures in new projects. It also urged Cyprus to pursue policies that attract long-term international investors.
Rising Costs Continue To Pressure Supply
Real estate agents cited geopolitical uncertainty, higher construction costs and changing economic conditions as growing challenges for the market.
Construction contractors pointed to similar pressures, including labor shortages and energy prices. Cyprus Association of Building Contractors Secretary-General Stefanos Pieridis said rising costs affect the entire development chain, reducing project viability and pushing up final property prices.
Banks Expand Digital Mortgage Services
Bank of Cyprus Director of Retail Banking Theodosis Theodosiou said the bank has expanded housing finance solutions and digital tools for homebuyers.
“With the new online mortgage service, the process is simpler and faster than ever,” he said.
Cyprus’s property market continues to record steady transaction volumes while facing pressures from affordability, supply constraints, construction costs, labor shortages and planning rules.
