Cyprus property market returns to growth after 2024 contraction

After declining by 1.1 per cent in 2024, the Cypriot real-estate market has resumed expansion, with residential sales rising 3.8 per cent in 2025.

The recovery appears modest compared with the explosive growth of previous years—sales surged 10.8 per cent in 2023 and 25.5 per cent in 2022. Yet the trend is clear: following a pause, the market is moving upward again.

Across the EU, the picture is mixed. Most member states showed growth in 2025, though notable exceptions exist: Croatia fell 4.1 per cent, Bulgaria 2.5 per cent, and Poland 1.1 per cent. Slovenia, by contrast, recorded a leap of 29.9 per cent, Lithuania 22.8 per cent, and Austria 21.4 per cent. The European housing market is recovering unevenly—some markets have already peaked whilst others remain depressed.

For investors, the message is straightforward: the global market is awakening, and Cyprus is riding this trend. Yet growth rates remain moderate compared with the pre-crisis years.