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Cyprus Records EU’s Second-Fastest Growth In Short-Term Rental Stays

Cyprus recorded the second-fastest growth in overnight stays booked through short-term rental platforms across the European Union in the fourth quarter of 2025, highlighting continued demand beyond the peak summer season.

Cyprus Outperforms Much Of The EU

According to Eurostat, overnight stays booked through online accommodation platforms rose 30.1% year on year in Cyprus during the fourth quarter. Only Malta recorded stronger growth, at 37.5%, while Slovakia ranked third with an increase of 26.3%.

The figures point to sustained demand for short-term rentals during the October-to-December period, when tourism typically slows across much of Europe.

EU-Wide Demand Continues To Grow

Across the European Union, overnight stays booked through platforms such as Airbnb, Booking.com and Expedia increased by 10.9% compared with the fourth quarter of 2024.

Growth continued into 2026, with overnight stays rising 9.7% year on year to 144.3 million in the first quarter, according to Eurostat.

Cyprus Ranks Among The Longest Stays

Cyprus also recorded one of the highest average lengths of stay in the EU’s short-term rental market. Eurostat estimated an average of 18 nights per booking, placing the island behind Malta and ahead of several other Mediterranean destinations.

Spain And France Lead In Total Overnight Stays

In absolute terms, the highest number of overnight stays in the fourth quarter was recorded in Spain’s Andalusia and Canary Islands, as well as France’s Île-de-France region, which includes Paris.

Eurostat’s data cover bookings made through online short-term rental platforms and exclude overnight stays in hotels and other forms of tourist accommodation.

Cyprus Property Deals Reach €286 Million Despite Second-Quarter Uncertainty

Cyprus’ high-end property market remained active in the first half of 2026, although geopolitical uncertainty may have weighed on investment activity during the second quarter.

€286.4 Million Across The 50 Largest Deals

Property transactions worth a combined €286.4 million ranked among Cyprus’ 50 highest-value deals completed between January and June, according to real estate analytics firm Ask Wire.

Examining the country’s biggest sales across all districts, the report found that the 10 largest transactions alone accounted for €161.7 million, highlighting the concentration of activity at the upper end of the market.

Limassol Extends Its Lead

A €55 million sale involving a building and adjoining fields in Moni was the largest property transaction recorded during the period.

Six of the country’s 10 biggest deals took place in Limassol, with a combined value of €117.2 million. Paphos followed with three transactions worth €35.5 million, while Larnaca recorded one €9 million sale.

Across the broader ranking, Limassol’s 10 largest transactions reached €148.2 million, representing 51.7% of the total value of the top 50 deals. Paphos followed with €68.8 million (24%), while Nicosia recorded €26.7 million. Famagusta narrowly surpassed Larnaca, reaching €21.4 million compared with €21.2 million.

Land Continues To Drive High-Value Deals

According to Ask Wire CEO Pavlos Loizou, land acquisitions continue to dominate Cyprus’ largest property transactions.

“The land market dominates the list of the 10 highest-value property transactions, with seven sales involving fields and plots.”

Many of those sites are expected to be developed into luxury residential and hospitality projects, he added.

Office Demand Remains Strong

Growing demand for office space also reflects the expansion of international companies establishing operations in Cyprus, Loizou said.

“We continue to observe growing demand for office properties, reflecting the expansion of the new ecosystem of international companies that has been establishing itself in Cyprus in recent years.”

Eight of the 10 largest transactions were completed during the first quarter of 2026, with activity slowing in the following three months.

Loizou said the slowdown may reflect investor caution linked to the conflict in the Middle East, which appears to have influenced investment decisions during the second quarter.

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