The Cyprus property market in 2026 has so far been defined by higher sales volumes, steady price growth and a changing backdrop of interest rates and regional uncertainty. This Cyprus property market 2026 report brings together the main official and industry figures available as of mid-September 2026, covering sales, district trends, foreign demand, price indices and the risks worth keeping in mind. Where sources disagree, we say so.
Property sales in Cyprus: January to August 2026
According to Department of Lands and Surveys (Land Registry) figures reported by Cyprus Mail on 8 September 2026, 13,288 sales contracts were deposited island-wide between January and August 2026. That compares with 11,689 in the same period of 2025, an increase of roughly 14%.
August alone saw 1,241 contracts, about 10% more than a year earlier. For context, the full year 2025 recorded 18,114 contracts. Completed transfers, which usually follow contracts by months or years, carried a declared value of €2.70 billion between January and July 2026.
How the districts performed
Limassol remains the largest market. It recorded 4,354 contracts from January to August 2026, up 17% year on year and about a third of the national total. Limassol and Paphos together accounted for roughly two-thirds of national growth, and Limassol’s completed transfers were worth €1,084 million in January to July, around 40% of the national total.
August told a more mixed story, with Limassol recording its first annual monthly decline of the year:
| District | August 2026 contracts | Change vs August 2025 |
|---|---|---|
| Limassol | 395 | −5% |
| Larnaca | 299 | +35.3% |
| Paphos | 267 | +19.7% |
| Nicosia | 225 | +8.2% |
| Famagusta | 55 | −8.3% |
A single month’s dip does not by itself establish a trend, but it is worth watching whether Limassol’s August figure proves to be a blip or the start of a slower pace. For more on the city’s western villages, see why buyers are looking west of Limassol in 2026.
New-build and off-plan activity
According to Landbank Analytics figures reported by Cyprus Mail in September 2026, 3,594 off-plan apartments and houses were sold in the first half of 2026, worth €1.149 billion, with Limassol accounting for 1,050 sales worth €435 million. Supply is also building: CYSTAT reported 2,276 building permits in Q1 2026, up 44.1% year on year, with the number of dwelling units up 58.4%.
Foreign buyers: around four in ten contracts
An analysis of Land Registry data by the property platform BuySell, published in Cyprus Mail on 8 September 2026, puts non-Cypriot buyers at 4,980 contracts in January to July 2026, or 41.3% of the total and 20.3% more than a year earlier. Of these, 3,293 were from non-EU buyers and 1,687 from EU buyers.
Over the same January to July period, the foreign share varied sharply by district: 69.8% in Paphos, 36.5% in Limassol and 15.9% in Nicosia. Estimates for January to August differ by source, from about 42% in an Ask Wire analysis reported by Cyprus Mail on 13 September 2026 to around 47% in another Cyprus Mail report, so figures depend on the source and period used.
Proposals to restrict some non-EU purchases remain under discussion and are not law. Our guide to the current rules for non-EU buyers and proposed changes explains where things stand.
“Headline numbers are a useful backdrop, but the right purchase still comes down to the specific home, its paperwork and whether it suits your plans for years to come.”
John Theodorou Group
Cyprus property market 2026 prices: why the indices tell different stories
Cyprus has more than one house price measure, and they do not always agree because they use different data and methods. The Central Bank of Cyprus residential property price index showed all residential prices up 7.5% year on year in Q1 2026, with apartments up 10.8% and houses up 3.0%. The CYSTAT house price index for the same quarter showed a smaller rise of 3.4% year on year and 1.6% on the previous quarter.
The RICS/KPMG Cyprus Property Price Index for Q2 2026 reported national annual increases of 5.42% for apartments, 4.04% for houses and 3.69% for offices. Apartment rents rose 7.36% over the year, with apartment yields at 5.51% and house yields at 3.01%. Across the wider region, Eurostat reported euro area house prices up 4.7% year on year in Q1 2026.
Risks and the wider backdrop
A balanced view of the Cyprus property market in 2026 has to include the factors that could slow it:
- Interest rates: the European Central Bank raised rates by 25 basis points on 10 September 2026, following an earlier hike in June. From 16 September the deposit facility rate is 2.50% and the main refinancing rate 2.65%. The next meeting is on 29 October 2026.
- Borrowing costs: average rates on new housing loans in Cyprus were in the region of 3–4% in July 2026, depending on the Central Bank of Cyprus series used, according to Cyprus Mail reports, and could move with ECB policy.
- Regional tensions: the war in the Middle East disrupted tourism in March and April 2026, although the government reported first-half arrivals slightly above 2024 levels. In its June 2026 bulletin, the Central Bank of Cyprus lowered its 2026 GDP growth forecast to 2.5% and raised its inflation forecast to 3.2%.
- Construction costs: CYSTAT’s construction materials price index was up 3.33% year on year in July 2026.
- Policy change: the pending proposals on non-EU purchases could affect demand in some areas, but any final rules are not yet known.
None of these points calls for alarm, but together they are a reason to plan carefully. Check the latest figures from the ECB before fixing a budget, and read our guide to getting a mortgage in Cyprus in 2026 if you plan to borrow.
Frequently asked questions
How many properties were sold in Cyprus in 2026 so far?
Land Registry data shows 13,288 sales contracts from January to August 2026, roughly 14% more than in the same period of 2025.
Are property prices still rising in Cyprus?
The main indices showed annual increases in early to mid-2026, though by different amounts: +7.5% (Central Bank, Q1) and +3.4% (CYSTAT, Q1). Past rises do not guarantee future ones.
What share of buyers are foreign?
Around four in ten contracts in January to July 2026 went to foreign buyers, according to an analysis reported by Cyprus Mail. The share is much higher in Paphos.
If you would like to talk through what these trends mean for a purchase in Limassol, explore our current projects or get in touch with our team. For practical money matters, our article on banking in Cyprus is a helpful place to start.
This article is for general information only and reflects our understanding of the rules as of September 2026. It is not legal, tax or financial advice. Rules change, so please confirm the details with an independent lawyer or tax adviser before making decisions.
