Cyprus’ real estate market is experiencing one of its strongest periods in decades, with demand continuing to rise and foreign investors playing an increasingly decisive role in shaping market trends. According to the latest data released by Limassol-based investment firm Summer Capital, 2026 is on track to become another record-breaking year in terms of both transaction volume and the internationalization of the market. Limassol and Paphos continue to strengthen their position as the island’s two leading investment destinations.
June 2026 was the strongest June ever recorded for Cyprus’ property market. A total of 1,964 property sales contracts were signed across the island, representing a 27% increase compared with the same month in 2025. It was the best June performance since official records began in 2000, highlighting the market’s remarkable resilience despite ongoing global economic uncertainty.
The strong performance is far from temporary. During the first half of 2026, 10,007 property transactions were completed, marking a 15% year-on-year increase. Perhaps the most striking finding is that 41.6% of all transactions involved foreign buyers, confirming the increasingly international character of Cyprus’ real estate market.
Limassol and Paphos Lead Market Growth
Limassol remains the undisputed leader of Cyprus’ property market. In June alone, 727 property sales were recorded, an impressive 64% increase compared with a year earlier. The city continues to serve as Cyprus’ business and financial hub, attracting international companies, major investments and high-net-worth buyers.
Paphos followed with 361 transactions, up 28% year-on-year. Once known primarily as a tourism destination, the region is gradually evolving into a mature international real estate market, attracting a growing number of overseas investors.
Together, these two districts have become the key drivers of Cyprus’ property sector, although each follows a different growth path. Limassol has consolidated its role as the country’s economic powerhouse, while Paphos is increasingly attracting buyers seeking holiday homes, permanent residences and investment properties.
Foreign Buyers Reshape the Market
International demand remains the primary growth engine of Cyprus’ real estate sector.
During June, buyers from European Union member states purchased 297 properties, representing a 57% increase compared with the previous year. Meanwhile, buyers from non-EU countries acquired 519 properties, up 34% year-on-year.
Although Cypriot buyers still account for the majority of transactions, representing 58.5% of total sales, domestic demand is shifting geographically. Purchases by local buyers declined by 18% in Paphos, 13% in Famagusta, and 10% in Larnaca. In contrast, domestic demand in Limassol surged by 71%, reflecting the city’s continued economic expansion and job creation.
Paphos Emerges as an International Residential Market
The transformation is particularly evident in Paphos. For the first time, foreign buyers outnumbered Cypriot purchasers.
During June, overseas buyers acquired 160 properties, compared with just 104 purchases by local buyers.
The figures suggest that Paphos is no longer simply a tourism or second-home destination. Instead, it is evolving into an independent international residential and investment market, attracting both permanent residents and investors seeking long-term opportunities.
Actual Transaction Prices Reveal Market Differences
At the same time, a new study by property intelligence platform Ask Wire, based on more than 10,400 apartment transactions completed between August 2025 and July 2026, provides a more accurate picture of pricing across Cyprus.
Unlike listing-based market analyses, the study relies on actual transaction prices recorded by the Department of Lands & Surveys, after data verification and the removal of duplicate records.
The findings confirm that Limassol remains by far the island’s most expensive apartment market, with a median sale price of €270,000.
Median apartment prices in the remaining districts are as follows:
- Paphos: €202,250
- Larnaca: €158,000
- Nicosia: €150,000
- Famagusta: €139,500
Why Median Prices Tell the Real Story
The Ask Wire analysis also highlights the importance of distinguishing between average and median prices.
In Limassol, the average apartment sale price reached €375,898, approximately 39% higher than the median price of €270,000.
The gap reflects the large number of luxury property transactions, which significantly inflate the average price without representing the value of a typical sale.
The comparison between Limassol and Nicosia is equally revealing. Although the two districts recorded a similar number of apartment transactions (2,895 and 2,806, respectively), Limassol’s median apartment price is approximately 80% higher than that of the capital.
Overall, the data indicate that Cyprus’ property market is no longer developing evenly across the island. Limassol remains the country’s most expensive and dynamic investment destination, Paphos is rapidly establishing itself as an international residential market, and the steadily increasing share of foreign buyers is transforming Cyprus into one of the Eastern Mediterranean’s most attractive real estate investment destinations.
