According to the latest official figures released by the Department of Lands and Surveys, total property sales rose by 11% compared with February 2025. The data breaks down transactions by buyer type: domestic (Cypriot) purchasers, European Union citizens, and non-EU citizens.
Market segment overview
Domestic buyers continued to dominate the market in February.
- Cypriot buyers: 866 sales (56.3% of all transactions)
- EU citizens: 231 sales (15.0%)
- Non-EU citizens: 430 sales (28.6%)
The chart below shows the year-to-date position of each market segment dating back to 2008. Note that it wasn’t until 2018 that the Department of Land & Surveys produced separate figure for EU and Non-EU buyers. Before 2018, all foreign purchases were recorded together as “Overseas Sales Contracts” combining both groups.
Domestic property sales increase by 6%
Cypriot buyers deposited 866 sales contracts in February 2026, compared with 817 in February 2025, marking a 6% increase.
However, activity varied significantly across districts.
Sales declined in:
- Paphos: 82 sales (down 20% from 103)
- Larnaca: 178 sales (down 10% from 197)
Sales increased in:
- Famagusta: 42 sales (up 100% from 21)
- Limassol: 295 sales (up 26% from 235)
- Nicosia: 269 sales (up 3% from 261)
Limassol recorded the strongest domestic growth, while Famagusta saw the sharpest percentage increase due to lower volumes last year.
| District | 2025 | 2026 |
|---|---|---|
| Nicosia | 261 | 269 |
| Famagusta | 21 | 42 |
| Larnaca | 197 | 178 |
| Limassol | 235 | 295 |
| Paphos | 103 | 82 |
EU property purchases rise by 20%
EU citizens filed 231 property contracts in February, compared with 192 in February 2025, representing a 20% year-on-year increase.
Sales fell in:
- Famagusta: 10 sales (down 55% from 22)
- Larnaca: 42 sales (down 7% from 45)
Sales increased in:
- Nicosia: 36 sales (up 50% from 24)
- Limassol: 51 sales (up 46% from 35)
- Paphos: 92 sales (up 39% from 66)
Paphos remained the most popular location for EU buyers, accounting for a significant share of the segment’s activity.
| District | 2025 | 2026 |
|---|---|---|
| Nicosia | 24 | 36 |
| Famagusta | 22 | 10 |
| Larnaca | 45 | 42 |
| Limassol | 35 | 51 |
| Paphos | 66 | 92 |
Non-EU property sales increase by 22%
Non-EU buyers also played a major role in the market’s growth.
They deposited 440 sales documents in February 2026, compared with 362 in February 2025, marking a 22% increase.
Sales fell in:
- Nicosia: 27 sales (down 10% from 30)
Sales increased in:
- Paphos: 145 sales (up 31% from 111)
- Larnaca: 121 sales (up 30% from 93)
- Famagusta: 11 sales (up 22% from 9)
- Limassol: 136 sales (up 14% from 119)
| District | 2025 | 2026 |
|---|---|---|
| Nicosia | 30 | 27 |
| Famagusta | 9 | 11 |
| Larnaca | 93 | 121 |
| Limassol | 119 | 136 |
| Paphos | 111 | 145 |
Overseas buyers continue to drive demand
The figures highlight the continuing importance of overseas buyers in the Cyprus property market.
In Paphos, EU and non-EU buyers continue to dominate the market with non-EU nationals buying more than double the number of properties than Cypriots, while sales to EU nationals also outstripped sales to Cypriots.
Meanwhile in Larnaca, EU and non-EU nationals together purchased more properties than Cypriot buyers, confirming growing interest from international buyers in the region.
Overall, February’s results underline the resilience of the Cyprus property market, with strong demand from both domestic and overseas buyers supporting continued growth.
| District | Domestic Sales | Non-EU Sales | EU Sales |
|---|---|---|---|
| Nicosia | 518 | 52 | 53 |
| Famagusta | 83 | 25 | 24 |
| Larnaca | 308 | 239 | 82 |
| Limassol | 583 | 259 | 85 |
| Paphos | 144 | 300 | 193 |
Property market outlook
The escalating conflict in the Middle East has cast a shadow over one of the most important global real estate gatherings, the PERE Asia Summit 2026 in Singapore, raising concerns that geopolitical uncertainty could jeopardise new investment deals.
Several senior executives warned that prolonged instability could damage investor sentiment across the property sector.
Industry leaders acknowledged that the conflict is already affecting the investment climate, although most said it is still too early to assess the long-term consequences.
Fund managers attending the conference expressed particular concern that a prolonged war could push inflation and borrowing costs higher, undermining property returns and reducing appetite for new investments. Such a scenario could also influence global interest rates, especially in the United States, which are closely monitored by international markets.
source CPN