Cyprus property market remains strong amid structural and cost pressures
Property transfers remained stable in 2025 while transaction values rose 10 per cent, as the government prepares planning framework revisions.
Nicosia, Cyprus. Cyprus’ property market remained strong in 2025, but structural weaknesses and rising costs could affect its future development, speakers at the Cyprus Property Show said.
The government also outlined plans to revise key planning frameworks, linking the property market’s future to housing, development and urban planning policy.
Market performance
The conference, titled “The present and future of property in Cyprus”, brought together government officials and representatives from the property, construction, engineering and investment sectors to discuss the market’s performance and challenges.
A total of 21,387 property transfers were recorded across Cyprus in 2025, broadly unchanged from 2024. The total value of transactions rose by about 10 per cent to €4.73 billion.
Housing and planning policy
Interior Minister Konstantinos Ioannou said the property sector extended beyond construction and sales, linking it directly to the economy, investment, urban and rural development and quality of life.
“The Cyprus property market remains strong,” Ioannou said in a speech read by Interior Ministry director-general Elikkos Elia.
Ioannou said housing was a major government priority and that a comprehensive strategy was being pursued to increase housing stock and strengthen citizens’ purchasing power.
“The future of the property market is directly linked to housing policy,” he said. “We must view the housing issue in conjunction with development policy and urban planning.”
He said the government was proceeding with revisions to local plans for major urban areas and the Policy Statement, aiming to establish a more modern, functional and flexible development framework to address current needs and future challenges.
Planning framework
Speaking on behalf of the director of the Department of Town Planning and Housing, first town planning officer Heraklis Achniotis said Cyprus was at an important point in the development of its planning framework.
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