Cyprus’ real estate market continues to demonstrate robust growth, reinforcing its position as one of the Mediterranean’s most resilient and attractive investment destinations. The latest figures released by the Department of Lands and Surveys highlight sustained demand across residential, commercial, and land sectors, despite varying performance among individual districts.
In May 2026, a total of 1,723 property sale contracts were deposited at Land Registry offices across the island. This represents a 5% increase compared to the 1,644 transactions recorded in May 2025. The figures encompass all major property categories, including apartments, houses, commercial premises, offices, warehouses, development plots, and agricultural land.
Once again, the strongest performance came from districts that continue to attract significant international interest. Paphos led the market in terms of growth, with property sales increasing by 24% year-on-year. The district continues to strengthen its reputation as one of Cyprus’ most desirable destinations for both lifestyle and investment property, supported by its established infrastructure, high quality of life, and limited supply in the premium segment.
Larnaca also delivered impressive results, recording a 14% increase in transactions. The city continues to benefit from major infrastructure projects, urban regeneration initiatives, and comparatively accessible pricing when measured against Limassol. This combination is increasingly attracting both private buyers and investors seeking long-term capital appreciation.
Limassol, which remains Cyprus’ largest and most active property market, also maintained positive momentum. Despite being the island’s most mature and competitive market, transaction volumes rose by 2%, reaching 533 sales during the month. The figures confirm the district’s continued ability to attract both domestic and international demand.
Against this backdrop, Nicosia and the free district of Famagusta were the only regions to record a decline in activity during May. Sales in the capital district fell by 12%, while Famagusta experienced an 8% year-on-year decrease. However, the slowdown in these areas was more than offset by strong performances across the coastal districts, allowing the market as a whole to continue expanding.
The year-to-date figures paint an even stronger picture. Between January and May 2026, a total of 8,043 property sale contracts were deposited across Cyprus, representing a 12% increase compared to the same period in 2025. Unlike the monthly data, cumulative results show growth across every district on the island.
Limassol retained its position as the busiest market, recording 2,537 transactions during the first five months of the year. It was followed by Nicosia with 1,749 sales and Larnaca with 1,747. Paphos continued to close the gap, reaching 1,631 transactions, while Famagusta accounted for 379 sales.
The latest data further reinforces the resilience of the Cypriot property market, even amid ongoing global economic uncertainty. Demand remains strong across residential, commercial, and land sectors, with coastal districts continuing to attract the highest levels of activity due to their appeal among international buyers and investors.