Cyprus Real Estate Reaches Historic High in September 2026 as Transaction Volumes Top 1,600 Contracts

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Cyprus real estate market activity climbed to its highest September performance since record-keeping began in 2000. Official statistics published by the Department of Lands and Surveys reveal that 1,681 sales contracts were filed across the island during September 2026—a 13% jump compared to the 1,484 transactions registered in September 2025.

The surge was driven by robust expansion across all buyer categories, pushing year-to-date sales past 14,900 properties.

September 2026 District Breakdown

While Limassol retained its position as the island’s overall volume leader, Larnaca posted the steepest annual percentage growth. Famagusta stood out as the sole region experiencing a contraction.

District Sept 2026 Sales Sept 2025 Sales Year-on-Year Shift Market Context
לימסול 506 436 +16% Largest overall market volume
לרנקה 393 305 +29% Highest annual growth rate
ניקוסיה 374 351 +7% Steady domestic-driven demand
פאפוס 345 313 +10% Overseas buyer focus
פמגוסטה 63 79 -20% Fourth consecutive monthly decline

Buyer Demographics & Monthly Performance

Purchases expanded across domestic and international market segments in September, with local buyers accounting for nearly six out of every ten transactions:

  • Domestic Buyers (58.1% of market): Reached 976 transactions (+10% YoY). Larnaca led local buyer growth (+34% to 206), while Paphos was the only district to see domestic declines (-14% to 99).

  • Non-EU Buyers (29.4% of market): Climbed 26% YoY to 495 sales. Limassol recorded the strongest demand in this group (+45% to 158), followed by Paphos (+30% to 149) and Larnaca (+27% to 144).

  • EU Nationals (12.5% of market): Edged up 4% YoY to 210 sales. Growth was anchored by Nicosia (+50% to 27) and Paphos (+17% to 97), offsetting a sharp drop in Famagusta (-85% to 4).

Nine-Month Cumulative Overview (Jan–Sept 2026)

Total property transactions for the first nine months of 2026 reached 14,969 contracts, representing a 14% increase over the 13,173 deals recorded during the same timeframe in 2025.

Buyer Group Contracts Filed Market Share Year-on-Year Growth
Domestic Cypriot Buyers 8,172 54.6% +10%
Non-EU Citizens 4,703 31.4% +19%
EU Citizens 2,094 14.0% +21%
Total Market Volume 14,969 100.0% +14%

Note: Combined foreign purchases (EU and non-EU citizens) accounted for 6,797 transactions (45.4% of all sales).

Regional Year-to-Date Highlights

  1. Limassol: Remained the dominant powerhouse with 4,860 total sales (up from 4,156 in 2025), driven by an 18% rise in local purchases.

  2. Larnaca: Secured 3,291 contracts (up from 2,869), posting solid double-digit gains among foreign buyers.

  3. Nicosia: Recorded 3,163 sales (up from 2,991), relying primarily on domestic stability.

  4. Paphos: Totaled 2,999 transactions (up from 2,531). Paphos demonstrated the highest reliance on international capital, with foreign buyers purchasing 2,117 properties (809 EU, 1,308 non-EU)—more than double the 882 homes bought by local Cypriot residents.

  5. Famagusta: Accumulated 656 contracts (up from 626 in 2025), sustained by early-year momentum despite late-summer slowdowns.

Source: Cyprus Property News

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