Nicosia, Cyprus. Cyprus recorded its strongest first half on record in the property market, with 10,007 contracts of sale deposited at District Land Offices between January and June, up 14.6% from a year earlier. Completed property transfers reached a declared value of €2.23 billion, while June recorded 1,964 sales, up 27% year on year and the highest June total on record.
Sales activity accelerates
Momentum increased through the first half of the year, according to analysis of Department of Lands and Surveys data by BuySell. January was 11% ahead of the previous year, followed by increases of 12% in February, 18% in March and 15% in April, while May rose 5% and June increased 27%.
Every month of 2026 outperformed its 2025 counterpart, and the January-to-June total was the first six-month period to exceed 10,000 contracts.
District performance
Limassol recorded the strongest June performance, with 727 contracts, up 64% year on year and the district’s highest monthly total of the half. Over the six-month period, Limassol led in volume with 3,264 contracts, an increase of 19.8%.
Paphos posted the fastest growth over the first half, rising 20.5%. Nicosia and Larnaca recorded steadier gains, while Famagusta, the smallest district market, rose 13.7% despite flat performance in June.
Transfer values
The declared value of completed property transfers reached €2.23 billion between January and June. June was the strongest month of the year by value at €541 million, ahead of March at €398 million.
Limassol accounted for €906 million of the total, representing 41% of the value spent across Cyprus. Nicosia followed with €471 million, ahead of Paphos at €438 million, Larnaca at €305 million and Famagusta at €111 million.
Foreign buyer demand
Foreign buyers placed 4,151 properties under contract in the first half of the year. Paphos recorded the highest number of foreign buyer contracts with 1,401 properties, followed by Limassol with 1,196 and Larnaca with 997.
About two in three of those purchases were made by non-EU nationals. Based on completed transfers, foreign buyers accounted for 20.4% of all property purchases across Cyprus. In Paphos, the share reached 41.2%, compared with 9.1% in Nicosia.
Prices and lending
The Central Bank of Cyprus Residential Property Price Index for the first quarter of 2026 showed apartment prices rising 10.8% year on year, compared with 3.0% for houses and 7.5% for the overall market.
New housing loans reached €2.0 billion in 2025, up 36.4% from the previous year. The average mortgage rate stood at about 3.06% in February 2026. Variable-rate loans accounted for about 12% of new lending, down from more than 90% in 2022.
Source of analysis
The figures were published in analysis by BuySell, based on Department of Lands and Surveys data. BuySell said it attracts more than 2 million visitors each month and lists more than 150,000 properties for sale and rent across Cyprus.