Cyprus Property Market Sees Sustained Growth In February 2026

Market Overview

Property sales in Cyprus increased by 12% in February 2026 compared with the same month a year earlier, according to data from the Department of Lands and Surveys. A total of 1,537 properties were sold during the month, up from 1,371 in February 2025.

The latest figures follow an 11% increase recorded in January and a 24% rise in December 2025, indicating continued momentum in the property market at the start of the year.

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Regional Dynamics

Limassol recorded the strongest growth among Cyprus districts, with transactions rising by 24% year on year. The district registered 482 property sales compared with 389 during the same period last year, maintaining the highest transaction volume nationwide.

Activity in the Famagusta district also remained strong. Sales increased by 21% to 63 transactions, although the pace of expansion slowed slightly compared with the 23% growth recorded in January.

Elsewhere, Paphos posted a 14% increase in sales, rising from 280 to 319 transactions. Growth in the district moderated compared with the 25% increase reported at the beginning of the year.

Nicosia recorded a more gradual increase of 5%, reaching 332 transactions from 315 a year earlier. Larnaca registered modest growth of 2%, with 341 properties sold compared with 335 in February 2025.

Year-to-Date Analysis

Across Cyprus, property sales during the first two months of 2026 increased by 11% compared with the same period in 2025. The strongest performance was recorded in the free Famagusta district and Paphos, where transactions rose by 22% and 19% respectively.

This performance follows a strong year for the property sector in 2025. A total of 18,114 sales documents were filed, the highest annual level since 2007 and a 15% increase compared with the 15,797 recorded in 2024. The latest data indicate that the Cypriot property market continues to attract both domestic and international buyers, with transaction activity remaining elevated across most districts.

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Lithuania And Cyprus Forge Enhanced Partnership In Tourism And Defence

by THEFUTURE.TEAM

May 22, 2026

Expanding Cooperation Beyond The Surface

Kristupas Vaitiekūnas highlighted opportunities for closer cooperation between Lithuania and Cyprus during his visit to Nicosia for the informal ECOFIN meeting. Speaking to the Cyprus News Agency, the Lithuanian finance minister said both countries share common challenges and could expand collaboration in areas including tourism, defence and financial services.

Addressing Shared Challenges

Finance Minister Kristupas Vaitiekūnas said Lithuania and Cyprus face similar security and economic pressures despite their geographic differences. Particular attention was given to emerging security threats, including drone-related risks, alongside the importance of maintaining resilient financial sectors. According to Vaitiekūnas, stronger coordination in those areas could deliver long-term economic and strategic benefits for both countries.

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Focus On Fiscal Stability And Energy Security

Discussions at the ECOFIN meeting are expected to focus on Europe’s economic outlook, energy market volatility and fiscal stability. Kristupas Vaitiekūnas warned that instability in the Middle East could continue affecting oil markets and broader economic performance across Europe. Housing affordability was also identified as a growing challenge, with rising property prices in cities such as Vilnius reflecting broader pressures seen across European markets.

Coordinated Energy Strategy And Future Investments

The Lithuanian finance minister also called for a more coordinated European approach to energy and economic resilience. Vaitiekūnas suggested that targeted and temporary policy measures could prove more effective than large-scale structural reforms in addressing short-term pressures. Lithuania continues to increase investment in renewable energy generation and storage infrastructure as part of efforts to strengthen energy independence and begin producing surplus electricity by 2028.

Support For Ukraine And Enhancing Defence Funding

Finance Minister Kristupas Vaitiekūnas reaffirmed Lithuania’s support for Ukraine, describing the war as a broader struggle tied to European security and democratic values. He also backed accelerating Ukraine’s accession process to the European Union, arguing that deeper integration would strengthen regional stability and economic prosperity. Vaitiekūnas welcomed the EU’s SAFE programme, which is expected to support Lithuania’s defence capabilities while contributing additional assistance to Ukraine.

Looking Ahead To A More Unified Europe

Addressing the European Union’s future budget framework, Kristupas Vaitiekūnas said increased funding for security and defence represented a positive development. At the same time, he warned that reductions in cohesion funding and agricultural support could negatively affect purchasing power and long-term European unity. Lithuania is expected to place continued emphasis on Ukraine and regional security ahead of its upcoming EU Council Presidency in early 2027.

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