Nicosia, Cyprus. Cyprus’ real estate market reached a record total transaction value of €6.5 billion in 2025, driven by record-high activity, according to a PwC Cyprus report released on Thursday. PwC said its findings reflect market activity before the outbreak of the war in the Middle East.
Record transaction value and volume
PwC said the total value of properties transacted rose by 8 per cent from €6 billion in 2024 to €6.5 billion in 2025. The total number of transactions increased by 4 per cent to 25,600, while the average monthly transaction value climbed to €543 million.
Economic backdrop and outlook
PwC reported that Cyprus’ economy grew by a provisional 3.8 per cent in 2025, following strong performance the previous year. Inflation slowed to 0.8 per cent, with resilience supported by strong domestic consumption and improved financing conditions. PwC added that projections for 2026 were prepared before the Iran conflict, which it said has added uncertainty to the outlook.
Report scope and sector focus
In the report’s foreword, PwC Cyprus chief executive and chairman Philippos Soseilos said the publication provides a comprehensive analysis of the sector’s performance during 2025. He said it covers transaction activity across the island, with emphasis on the residential sector, property price trends and construction activity. Soseilos also said Cyprus continues to demonstrate resilience, supported by above-EU-average economic growth and successive credit rating upgrades.
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