Q3 2025 Report: How the Cyprus Residential Market is Evolving

Cyprus real estate enters a new, more mature phase, demand remains strong across all regions.

Cyprus Sotheby’s International Realty has released its latest Insights Report on the Cyprus residential real estate market for Q3 2025, confirming that the market continues to demonstrate stability, resilience, and growing sophistication.

According to the report, the total number of transactions increased by 6% year-on-year (Q3 2024 – Q3 2025), with demand remaining solid among both local and international buyers.

New developments continue to drive the market, supported by limited quality resale supply and growing interest in modern, well-conceptualized properties. The mid- and high-end segments (houses priced from €500,000 and apartments from €200,000) are expanding most actively: house transactions in this category rose by 26%, and apartment transactions by 10%.

Regional Highlights

• Limassol remains the volume leader with 987 transactions in Q3 2025. Despite a slight price correction in the premium segment, it retains its dominant position in investment activity.

• Pafos follows closely with 961 transactions, maintaining strong foreign buyer interest. While average apartment prices rose by 1% and house prices decreased by 3%, the region remains attractive for its balance between premium quality and moderate prices.

• Larnaca continues to strengthen its reputation as the rising star of the market, with 907 transactions and stable pricing. Major redevelopment projects around the port and marina are turning it into a new coastal hub.

• Nicosia shows steady growth, especially in modern urban homes and apartments. House prices in the capital increased by 11% year-on-year.

A Market in Transition

The report highlights that the Cyprus real estate market is entering a phase of sustainable growth. Buyers are becoming more selective, focusing on quality, infrastructure, and value, while developers respond with better-designed and more efficient projects.

“After several years of rapid growth, the market is showing maturity,” notes Anastasia Yianni, CEO of Cyprus Sotheby’s International Realty. “What we are witnessing now is a balanced evolution — where the focus shifts from square meters to the quality of life and long-term value.”