Cyprus sets record with 10,007 property transactions in first half of 2026

Cyprus has established a new benchmark, with 10,007 property sales contracts concluded in the first half of 2026. This represents a 14.6 per cent increase year-on-year and marks the first time a half-yearly figure has surpassed the 10,000 threshold.

The aggregate value of transactions reached €2.23bn. June proved to be an exceptional month, recording 1,964 sales—a 27 per cent rise compared with June 2025—and €541m in transfers. Limassol leads by transaction volume with 3,264 contracts over the six-month period, whilst Paphos is expanding at the fastest rate, up 20.5 per cent.

Foreign buyers remain highly active, accounting for 4,151 contracts in the first half. Paphos is their preferred destination, with 1,401 transactions, where one in five properties goes to a foreign purchaser. In Nicosia, this proportion stands at just 9.1 per cent, underscoring that foreign demand is concentrated along the coast.

Prices are rising in tandem with transaction volumes. Apartments have appreciated 10.8 per cent year-on-year, whilst houses have increased 3 per cent. Mortgage lending is also providing momentum: €2bn in mortgages were issued in 2025, up 36.4 per cent, with an average rate of 3.06 per cent. Borrowers are favouring stability, with the share of variable-rate mortgages declining from 90 per cent in 2022 to 12 per cent at present.

Source: Cyprus Mail Property