Patricia Casaburi
The Cyprus real estate market saw strong growth in March 2025, with property sales up by 19% compared to 2024. Both local and foreign buyers showed strong interest which contributed to this increase. Foreign buyers experienced a significant rise of 25% year-on-year, with non-EU citizens being particularly active. Their share of property transactions grew by 30% in the first quarter of 2025. Local buyers also showed major growth, especially in areas like Limassol, Nicosia, and Famagusta.
The rise in international buyers can be attributed to the Cyprus Golden Visa program, which grants non-EU nationals’ permanent residency immediately by investing €300,000 in real estate.
This program also comes with several benefits, including the ability to travel freely within the Schengen Area, access to quality healthcare and education, and the option to apply for citizenship after a few years.
Here are the key highlights from Cyprus’ record-breaking property sales in the first quarter of 2025.
Cyprus Property Sales Increase highlights
In March 2025 property sales in Cyprus jumped by 19% compared to 2024. This marks the highest March increase since 2008. Foreign buyers drove much of this growth, with international sales rising by 25%, and non-EU buyers increasing their share by 30%.
Limassol had the highest number of property sales with 477 transactions, even though its growth was a more modest 11%. Paphos showed the strongest increase at 32%, which was mostly driven by high interest from international buyers.
District by District highlights
District | % Change (YoY) |
Paphos | +32% |
Larnaca | +21% |
Famagusta | +15% |
Nicosia | +18% |
Limassol | +11% |
International sales
The international demand for property in Cyprus remained strong with a 15% jump for the first quarter of 2025.
District | Foreign Sales growth in % |
Paphos | +16% |
Limassol | +14% |
Larnaca | +22% |
Nicosia | +2% |
Famagusta | +9% |
Sales to EU buyers
EU citizens buyers contributed to a 16% increase in property purchases in Cyprus.
District | Foreign Sales growth in % |
Paphos | +60% |
Limassol | +10% |
Larnaca | +65% |
Nicosia | +36% |
Famagusta | +27% |
Sales to non-EU buyers
Non-EU citizens have shown significant growth in buying property in Cyprus, with a 30% increase in property sales compared to 2024. The rise was seen across all districts.
District | Foreign Sales growth in % |
Paphos | +31% |
Limassol | +26% |
Larnaca | +34% |
Nicosia | +26% |
Famagusta | +40% |
Cyprus Golden Visa
The Cyprus Golden Visa program shows Cyprus’s support for non-EU investors, especially those interested in property. The program offers a simple and attractive way for foreign nationals to get permanent residency by investing in real estate.
Investors can purchase property worth €300,000, which is one of the key investment options under the program. This purchase grants permanent residency for the investor and their family members, with no minimum stay requirements. Investors do not need to live in Cyprus full-time to maintain their residency.
The flexibility of not needing to live in Cyprus still comes with added benefits like access to the Schengen Area, quality healthcare, and education, and more.
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