Cyprus property sales increased by 19% in March
In March 2025, property sales in Cyprus increased by 19% compared to the same month last year, with all regions reporting growth. Paphos saw the highest increase in sales (32%), followed by Larnaca (21%) and Nicosia (18%). Limassol recorded the most sales overall, despite a smaller growth rate.
In the first quarter of 2025, total sales rose 15% island-wide, driven by both local and foreign buyers. Sales to Cypriot residents increased by 14%, while sales to international buyers rose by 25%.
The market remains strong, but future developments could be influenced by global economic factors such as U.S. trade tariffs and potential changes in interest rates.

The real estate market in Cyprus experienced a strong rise in March 2025, with property sales growing by 19% compared to the same month last year. All regions of the island recorded double-digit growth over March 2024.
Paphos saw the biggest increase in sales, rising by 32%, followed by Larnaca with 21%, Nicosia with 18%, Famagusta with 15%, and Limassol with 11%.
Although Limassol showed the smallest percentage increase, it remained the district with the highest number of property transactions, reaching 477 sales in March — the highest monthly figure for any district since records began in 2008.
Sales performance for the first quarter of 2025
During the first three months of 2025, all districts in Cyprus reported higher sales compared to the same period last year. Larnaca led the way with a 26% increase, followed by Limassol and Nicosia (both up 15%), Paphos (up 7%), and Famagusta (up 4%).
However, the market could face challenges ahead due to potential economic consequences from U.S. trade tariffs introduced by President Donald Trump. These tariffs could indirectly affect Cyprus by slowing down the European economy, causing inflation, and potentially leading to higher interest rates — all of which may influence investor activity in Cyprus’ property market.
At the same time, Elon Musk recently called for the removal of trade tariffs between the U.S. and Europe, supporting the idea of a free-trade zone. Meanwhile, protests against the tariffs and government spending cuts have erupted in several U.S. cities.
Breakdown by buyer segment
Domestic property sales
Sales to Cypriot buyers increased by 14% in March 2025 compared to the same month last year. The strongest growth was seen in Famagusta (+27%), Nicosia (+26%), and Paphos (+20%). Sales in Larnaca rose by 7%, while Limassol reported a smaller increase of 6%.
For the first quarter of 2025, domestic property sales were up 15% overall. Larnaca showed a 29% rise, Limassol 17%, Nicosia 16%, while sales in Paphos fell by 8% and remained stable in Famagusta.
Overseas property sales
Sales to foreign buyers, including both EU and non-EU citizens, rose by 25% in March compared to March 2024.
Sales increased significantly in Larnaca (+41%), Paphos (+39%), and Limassol (+21%), while sales in Famagusta remained stable. Nicosia was the only district to report a decline, with sales down 13%.
In the first three months of 2025, overseas property sales rose by 15% overall, with all districts showing growth: Larnaca (+22%), Paphos (+16%), Limassol (+14%), Famagusta (+9%), and Nicosia (+2%).
Sales to EU citizens
Property sales to EU citizens rose by 16% in March 2025 compared to the previous year. While sales in Nicosia fell by 36% and Famagusta by 27%, other districts recorded strong growth: Larnaca (+65%), Paphos (+60%), and Limassol (+10%).
For the first quarter of 2025, sales to EU nationals rose by 29%. Paphos led with a 55% increase, Famagusta with 49%, Larnaca with 27%, Limassol with 16%, while Nicosia saw a small decline of 6%.
Sales to non-EU citizens
Sales to non-EU buyers increased by 30% in March 2025 compared to March 2024, with all districts reporting higher numbers. Famagusta saw the largest rise (+40%), followed by Larnaca (+34%), Paphos (+31%), and both Limassol and Nicosia with a 26% increase.
During the first quarter of 2025, sales to non-EU buyers rose by 10% compared to the same period last year. Sales increased in Larnaca (+20%), Limassol (+14%), Nicosia (+10%), and Paphos (+3%), while Famagusta experienced a drop of 21%.