In April, Cyprus’ real estate market maintained its strength, posting a slight rise in total sales compared to the same period in 2024. While some districts experienced minor fluctuations, the general outlook for 2025 remains cautiously promising.

In April 2025, the Land Registry offices documented a total of 1,404 property sales, reflecting a 3% growth from the 1,366 sales recorded in April 2024. Despite this positive trend, two districts reported a decrease in sales activity. One factor contributing to this slowdown could have been the timing of Easter; both Orthodox and Western Churches celebrated Easter on April 20, 2025, potentially affecting market activity for that month.

Breaking down sales by district, Limassol saw 461 transactions, marking a 5% increase. Nicosia recorded 354 sales, a 15% rise. Conversely, Paphos and Larnaca witnessed declines in activity, with sales dropping by 6% to 238 and by 11% to 275, respectively. Famagusta stood out with a significant 33% increase, reaching 76 sales.

Looking at the year-to-date figures, all districts displayed substantial growth compared to the same timeframe last year. Limassol led with 1,756 sales, up by 12%, followed by Nicosia with a 4% increase totaling 1,286 sales. Larnaca showcased a remarkable boost of 15% with 1,185 sales, while Paphos grew by 6% to 1,067 sales. Famagusta recorded 247 sales, reflecting a 12% upturn.

As 2025 progresses, the Cypriot property market is anticipated to hold its steady pace. Although challenges like high borrowing expenses and global economic unpredictability continue, several factors are fostering growth. Larnaca is rapidly gaining attention as a market hotspot, buoyed by significant infrastructure projects such as the Larnaca-Dhekelia coastal redevelopment and heightened interest from international buyers. Limassol continues to lead in volume, and Nicosia is experiencing steady growth, particularly in the commercial real estate sector.

Moderating inflation and potential interest rate reductions by the European Central Bank could further bolster demand, especially among local buyers. This evolving landscape presents a cautiously optimistic future for the property sector in Cyprus.