Cyprus Property News

15/01/2026

The Cyprus property market “Hot Spots”

A recent analysis by Landbank Analytics for January–October 2025 highlights the islands 'hot spots' shaping the Cyprus property market and driving investment across the island. The report reveals a multi-speed market: Limassol dominates in transaction value, Paphos tops the charts for average sale prices, and Larnaca and Nicosia lead in the number of deals, attracting mid-range buyers seeking accessible housing options....

Explore the top property market hot spots in Cyprus for 2025, from Limassol & Paphos luxury markets to Larnaca and Nicosia transaction hubs.

15/01/2026

Cyprus Bar warns of third-country property restriction risks

The Cyprus Bar Association (CBA) has expressed serious concerns over draft legislation currently being debated in Parliament concerning the acquisition of immovable property by third-country nationals. While acknowledging the aim of strengthening oversight, the CBA warns that the proposals could undermine legal certainty, property rights and freedom of contract, while potentially deterring foreign investment. The debate comes amid growing concern over housing affordability....

Proposed restrictions on third-country nationals buying property in Cyprus criticised by Bar Association over proportionality & legal clarity

13/01/2026

13/01/2026

Parliament to debate controls on foreign property purchases

Cyprus' parliament is set to debate new proposals aimed at tightening controls on property purchases by third-country nationals, amid growing concern over large-scale acquisitions and the use of company structures to bypass existing restrictions. The discussion begins on Thursday at the House interior committee, where two bills tabled by AKEL general secretary Stefanos Stefanou will be examined. The proposed legislation seeks to curb what the party describes as "uncontrolled" foreign property buying, particularly cases where acquisitions are carried out through companies acting as a front....

Cyprus MPs debate new bills to limit foreign property purchases and close company loopholes in real estate ownership.

10/01/2026

House price index dips slightly in Q3 2025

The latest preliminary figures released by the Cyprus Statistical Service (CyStat) suggest that the residential property market remained broadly stable in the third quarter of 2025, with only marginal movements recorded across the House Price Index (HPI). According to CyStat, the HPI reached 146.86 units in Q3 2025, reflecting a quarter-on-quarter decline of 0.3% when compared with the second quarter of the year....

The house price index slipped 0.3% in the third quarter of 2025 but remained up 0.1% year-on-year, signalling a stable housing market.

09/01/2026

Key Cyprus property tax reforms 2026

Cyprus has overhauled its tax system, with a broad package of tax reforms that came into effect on 1 January 2026. Several of these changes directly impact property owners, investors, and buyers, reshaping the island's real estate tax landscape. After reviewing updates published across accountancy and legal advisory platforms, it's clear that the tax reforms place a strong emphasis on reducing transaction costs, modernising capital gains tax rules, and strengthening tax compliance....

Cyprus introduced major property tax reforms on 1st January 2026, including stamp duty abolition and increased Capital Gain Tax allowances.

08/01/2026

Limassol dominates Cyprus’ luxury property sales in October 2025

The ten most expensive property transactions recorded across Cyprus in October 2025 reached a combined value of €87.6 million, with Limassol firmly maintaining its position as the island's leading luxury property market, according to data processed and published by Ask Wire. The highest-value sale of the month was a €15.2 million, three-floor apartment in Potamos Germasogeia, underlining Limassol's long-established strength in high-end property transactions....

Limassol dominated Cyprus' luxury property market in October 2025, with the top ten sales reaching €87.6 million, according to Ask Wire data.

07/01/2026

Property sales analysis 2025

As reported last week, property sales in December 2025 rose by 24 per cent compared with December 2024, helping Cyprus achieve its strongest year for property sales since the peak of 2007 and its third most successful year since records began in 2000. The Department of Lands and Surveys has published figures summarising sales to the domestic (Cypriot) market, EU citizens and non-EU citizens....

In 2025 Cyprus property sales hit their highest level since 2007, driven by strong demand from foreign buyers, particularly in Paphos.

02/01/2026

Cyprus property sales reach highest level since 2007

A strong 24 per cent increase in Cyprus property sales in December, together with steady growth throughout the year, has made it the country's best year for property sales since the record-breaking year of 2007. In 2007, property sales peaked at 21,245. However, the global financial crisis, the most severe worldwide economic downturn since the Great Depression of the 1930s, triggered the collapse of property bubbles across the world....

Cyprus property sales surged in 2024, the strongest year since 2007 after years of recovery from financial, self-inflicted & global crises.

30/12/2025

Cyprus set to curb third-country nationals buying property

The Cyprus parliament is set for an intense start to the new year, as MPs return to debate a series of legislative proposals aimed at putting the brakes on the uncontrolled purchase of property by third-country nationals. The issue has gained growing political and public attention, with the housing crisis increasingly emerging as one of Cyprus' most pressing socio-economic challenges....

Cyprus MPs debate new laws to limit third-country nationals purchasing property as housing affordability becomes a national priority in 2026.

26/12/2025

High rents fuelling demand for home ownership schemes

The days when renting was clearly cheaper than buying a home are quickly coming to an end. These days, monthly rent often matches or even exceeds what people would pay on a mortgage. And that shift is changing how households think about home ownership. That's the picture painted by Interior Minister Konstantinos Ioannou, who oversees the government's housing programmes. Responding to a question in Parliament from DIKO MP Christos Senekis, the Minister said fewer displaced persons are now applying for rent subsidies, while more are turning to schemes that help them buy or build a home....

Soaring rents in Cyprus are pushing households toward home ownership, as mortgage payments rival monthly rent, says the Interior Minister.

26/12/2025

Green light anticipated for Paphos marina early 2026

Paphos is awaiting the long-anticipated green light for its Marina project, with local stakeholders hoping for clarity by early 2026. The district is currently awaiting the results of the tender announced by the Deputy Ministry of Tourism on 17 September, calling for expressions of interest and bids for the construction of the Paphos Marina at the Potima site in Kissonerga....

Paphos marina development is expected to elevate Paphos into a leading maritime and tourism destination in the Eastern Mediterranean.