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Resilient Growth: Cyprus Real Estate Market’s Transformative Surge In 2025

The Cyprus real estate market demonstrated robust performance in 2025, underpinned by significant growth and resilience amid global volatility. According to data published by the Department of Cadastre and Geomatics—presented quarterly by the Council of Real Estate Agents—the sector experienced a 15% increase in registered property sale deeds between January and December compared to the previous year.

Strong Market Fundamentals Across Cyprus

In 2025, a total of 18,114 registered sale deeds were documented, up from 15,797 in 2024. Although the number of property transfers saw a modest 0.77% uptick, the value of these transactions surged by roughly 10%, exceeding €4.7 billion. These indicators not only reflect growing buyer interest but also signal that investment in high-value properties is gaining traction.

Insights From Industry Leadership

Marinos Kynaigeirou, President of the Council of Real Estate Agents, commented, “The performance of 2025 is the clearest proof of the resilience and allure of the real estate sector. Despite global challenges, the market charted a robust growth trajectory, reaffirming real estate as a stable and secure investment. While heightened buyer interest is evident, the significant increase in property transfer values indicates a shift towards premium real estate investments. Looking ahead to 2026, the market is anticipated to settle, with accessible housing remaining a pressing challenge as prices continue to rise.”

Regional Analysis: Diverse Dynamics Across the Island

Nicosia: In the province of Nicosia, market activity accelerated markedly in 2025. Transfers in value broke the €1 billion threshold, reaching €1.1 billion compared to €950 million in 2024, while the number of transactions increased from 5,395 to 5,917. Additionally, new property registrations climbed to 4,115 from 3,527 one year earlier.

Lemesos: Limassol maintained its position as a leader in transactional value. In 2025, the value of transfers rose from €1.5 billion to €1.7 billion, although the number of transfers slightly dipped from 5,054 to 4,940—indicating fewer but higher-value transactions. New property registrations also increased to 5,563 from 5,032, underscoring the strengthening market interest.

Paphos: In Paphos, the dynamics were more nuanced. While new property registrations grew from 3,107 to 3,567, both the transaction volume and value experienced a slight decline, with the latter decreasing from €983 million to €968.8 million, and the number of transactions falling from 3,727 to 3,415.

Larnaka: Larnaka continued its steady upward trajectory. The value of property transfers increased from €637 million to €698.5 million, accompanied by a minor volume uptick from 3,775 to 3,855 transactions. New property registrations also surged from 3,356 to 3,978, reflecting strong market activity.

Ammochostos Free Area: In the Ammochostos region, although the total number of transfers slightly dropped from 1,204 to 1,177 transactions, their value rose from €214 million to €236.6 million. New property registrations also recorded an increase from 775 to 891, marking a positive market indicator.

Conclusion: Navigating Future Challenges

With 2025 confirming its status as a pivotal year for Cyprus real estate, stakeholders face the dual challenge of sustaining high-value property trends while ensuring housing remains accessible for the broader population.

EU Services Production Grows As Information And Communication Lead

Services production continued to expand across the European Union in August 2026, with information and communication recording the strongest annual growth. However, performance varied significantly between industries and member states, while Cyprus reported a mixed picture, with business services expanding and hospitality-related activities declining.

Information And Communication Leads Sector Growth

Compared with August 2025, services production increased by 5.9% in the euro area and 5.8% across the EU in information and communication. Transportation and storage also recorded growth, rising by 2.1% and 1.9%, respectively.

Real estate activities increased by 1.6% in the euro area and 1.1% in the EU. Professional, scientific and technical activities grew by 1% in both areas, while administrative and support services advanced by 1.1% and 1.3%.

Accommodation and food services was the only major sector to record an annual decline, falling by 0.1% in both the euro area and the EU.

The monthly figures were more mixed. Information and communication remained the strongest performer, increasing by 1.2% in the euro area and 1% across the EU. Real estate activities rose by 0.4% and 0.9%, respectively, while transportation and storage edged up 0.1% in the euro area but declined by 0.2% in the EU.

Administrative and support services recorded modest gains of 0.2% in the euro area and 0.1% in the EU. Accommodation and food services fell by 0.3% and 0.4%, while professional, scientific and technical activities declined by 0.8% and 0.9%, respectively.

Slovakia And Greece Record Strongest Annual Growth

Romania recorded the largest monthly increase in services production, at 5.2%, followed by Malta at 1.8% and Portugal at 1.7%. Luxembourg experienced the steepest decline, with output falling by 5.1%, followed by Bulgaria at 2.3% and Denmark at 1.9%.

On an annual basis, Slovakia led with growth of 10%, followed by Greece at 9.3% and Malta at 7.5%. Hungary recorded the weakest performance, with services production declining by 5.6%. Denmark fell by 5.3%, while Italy recorded a smaller decrease of 0.3%.

Cyprus Sees Growth In Business Services But Weakness In Hospitality

Cyprus’ latest figures show a similar divide between expanding business services and weaker hospitality-related activities. According to the Statistical Service of Cyprus (Cystat), professional, scientific and technical activities recorded the strongest annual growth among the covered sectors in the second quarter of 2026, increasing by 3.4%.

Transportation and storage and information and communication both grew by 2.1%, while real estate activities rose by 1.6%. In contrast, accommodation and food services declined by 3.1% year on year, and administrative and support services fell by 2.2%.

First-half results were more favourable for several sectors. Between January and June, professional, scientific and technical activities grew by 3.5%, transportation and storage by 2.8%, real estate by 2.1% and information and communication by 1.3%.

Nevertheless, administrative and support services contracted by 1% over the six-month period, while accommodation and food services declined by 0.7%.

How Cyprus’ Figures Differ From Eurostat’s Data

The Eurostat and Cystat figures measure different aspects of economic activity and are not directly comparable. Eurostat’s services production index tracks changes in the volume of output, whereas Cystat’s Turnover Value Index for Services and Transport measures the value of sales at current prices.

The reporting periods also differ: Eurostat’s figures cover August, while the cited Cypriot data relate to the second quarter and first half of 2026.

Cystat transmits services production data to Eurostat but does not yet publish a separate national production index. Turnover figures therefore remain the main publicly available national indicator for the sector.

Taken together, the data point to continued growth in several of Cyprus’ business-oriented services, alongside persistent pressure on accommodation, food and administrative support activities.

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