**Record Half-Year for Cyprus Property Market: 10,007 Sales and €2.23 Billion in Transactions**
Cyprus has achieved a historic milestone in its property market, recording the strongest half-year performance ever. From January to June 2026, a total of 10,007 contracts of sale were deposited at District Land Offices, marking a 14.6% increase compared to the same period in 2025. This is the first time that the six-month sales figure has surpassed the 10,000 mark. The total declared value of property transfers during this period reached €2.23 billion, as reported by BuySell, Cyprus’s largest property platform, based on data from the Department of Lands and Surveys.
The momentum in the property market has been notable, with sales figures showing consistent growth each month. January began with an 11% increase over the previous year, and this upward trend continued with February seeing a 12% rise, March at 18%, April at 15%, and a significant 27% surge in June. Even May, typically a quieter month, recorded a 5% increase. This pattern indicates that every month of 2026 has outperformed its 2025 counterpart.
**District Performance and Sales Breakdown**
In June alone, 1,964 sales were recorded, representing a 27% increase year-on-year and making it the best June on record for the island. Limassol emerged as the leading district in terms of sales volume, with 727 contracts in June, reflecting a remarkable 64% increase from the previous year. Over the six-month period, Limassol accounted for 3,264 contracts, a 19.8% rise, while Paphos experienced the fastest growth rate at 20.5%.
Nicosia and Larnaca also saw steady gains, with Famagusta, although the smallest market, recording a 13.7% increase despite a flat performance in June. The following are the notable figures for the six-month period:
- **Limassol**: 3,264 contracts (+19.8%)
- **Paphos**: 1,401 contracts (+20.5%)
- **Nicosia**: 471 contracts
- **Larnaca**: 305 contracts
- **Famagusta**: 111 contracts (+13.7%)
The total value of property transactions reached €2.23 billion, with June alone contributing €541 million, the highest monthly total of the year. Limassol was the leading district in terms of value, accounting for €906 million, followed by Nicosia at €471 million, Paphos at €438 million, Larnaca at €305 million, and Famagusta at €111 million.
**International Demand and Foreign Buyers**
The property market's growth is also attributed to strong international demand. In the first half of 2026, foreign buyers placed contracts on 4,151 properties, with Paphos being the most popular destination (1,401 properties), followed by Limassol (1,196) and Larnaca (997). Notably, approximately two-thirds of these purchases were made by non-EU nationals. Overall, foreign buyers accounted for 20.4% of property transactions across Cyprus, with Paphos seeing a significant 41.2% share, while Nicosia had a much lower figure of 9.1%.
**Price Trends and Financing Conditions**
As property sales volumes have increased, prices have also been on the rise. According to the Central Bank of Cyprus Residential Property Price Index for Q1 2026, apartment prices surged by 10.8% year-on-year, compared to a 3.0% increase for houses and a 7.5% rise for the overall market. This trend indicates a growing demand for compact urban and coastal properties, which are particularly favored by investors and international buyers.
Financing conditions remain supportive, with new housing loans reaching €2.0 billion in 2025, a significant 36.4% increase from the previous year. The average mortgage rate was approximately 3.06% in February 2026, and borrowers are increasingly opting for stability, with variable-rate loans now making up about 12% of new lending, a sharp decline from more than 90% in 2022.
**Conclusion**
The first half of 2026 has set a remarkable precedent for the Cyprus property market, showcasing robust growth across all districts and a strong influx of international buyers. With rising prices and favorable financing conditions, the market appears poised for continued expansion, reflecting the island's attractiveness as a destination for both local and foreign investors. As Cyprus's leading property platform, BuySell continues to monitor these developments, providing valuable insights into the evolving real estate landscape.