Cyprus’ residential real estate sector kicked off 2025 with impressive momentum, as both the number and value of property sales surged during the first quarter. This is according to a new report published by Landbank Analytics, based on official data from the Department of Lands and Surveys.
Off-Plan and Under-Construction Properties in High Demand
From January to March, a total of 1,368 contracts were submitted for newly built apartments and houses. That’s a significant 24.8% increase compared to the same period in 2024, highlighting strong interest in off-plan and under-construction properties among buyers.
Market Value Climbs to €391 Million
Alongside the spike in sales volume, the total transaction value also rose sharply. Residential deals during Q1 2025 amounted to €391 million—up from €299 million in Q1 2024. This nearly €100 million jump points to a healthy, active market with growing investor confidence.
These findings reinforce expectations for a strong year ahead in Cyprus’ housing sector, with developers and buyers alike capitalizing on fresh opportunities in a shifting property landscape.
Source: Cyprus Mail