Cyprus Real Estate Market Statistics: Data to October 2026

Cyprus Real Estate Market Statistics: Data to October 2026

This page sets out Cyprus real estate market statistics as they stood on 29 October 2026 for the Republic of Cyprus, meaning the districts of Nicosia, Limassol, Larnaca, Paphos and Famagusta under the control of the Republic’s government. Every figure carries its source, its release or reference date, its series and its definition. The Department of Lands and Surveys (DLS) tables used here are dated 5 October 2026 and cover January to September 2026; the Central Bank of Cyprus (CBC) price index is the second-quarter 2026 release of 24 September 2026; and the Eurostat, CYSTAT and RICS figures are the latest quarter each had issued on 29 October 2026.

Readers will find monthly sales-contract series by district for 2024, 2025 and 2026, completed transfers with declared and accepted values, domestic and foreign buyers split into EU and non-EU, four price indices and what each one measures, rent and yield data from named sources only, building permits and construction costs, mortgage rates and lending, a short table of tax and legal rules, and a section on how to read the numbers with the arithmetic shown. Northern Cyprus is outside these statistics and is covered on our North Cyprus property prices page. Evidence on the upper price bands is in a separate article on the prime end of the Cyprus market, and this page does not repeat it.

Cyprus Real Estate Market Statistics: Sources and What Each Measures

No single series describes the Cyprus property market. Some sources count legal acts at the Land Registry, some collect bank valuations, some follow registered prices, and some are estimates by appraisers for hypothetical buildings. The table lists each source used on this page, what it counts, the latest period and the date of release. Figures from different rows should not be added together or compared level against level, a point the worked examples later on this page return to.

Two of these sources carry coverage notes that matter for every comparison. The DLS foreign-buyer tables state that, after a change in how the term “alien” is coded in the Land Information System, the Department advises against comparing data from 2018 onwards with earlier years. The CBC release states that its index reflects earlier quarters through smoothed regression coefficients, so a turning point may appear with a short lag. CYSTAT’s House Price Index for 2026 Q2 is marked preliminary in the coverage of its release.

Sales Contracts by District: DLS Monthly Series 2024–2026

The Department of Lands and Surveys publishes the number of sale contracts deposited at the district Land Registry offices, month by month and district by district. The tables dated 2 January 2026 cover 2024 and 2025 in full, and the tables dated 5 October 2026 cover January to September 2026. Island-wide, deposited contracts were 15,797 in 2024 and 18,114 in 2025, a rise of 14.7% (18,114 ÷ 15,797 = 1.1467). For the first nine months, the series runs 11,634 in 2024, 13,173 in 2025 and 14,969 in 2026, which is +13.2% and +13.6% year on year; the Department rounds the 2026 figure to 14%.

Limassol had the most contracts of any district, 4,860 of the 14,969 in January to September 2026, a 32.5% share (4,860 ÷ 14,969). Larnaca held 22.0%, Nicosia 21.1%, Paphos 20.0% and Famagusta 4.4%. The island-wide increase over January to September 2025 was 1,796 contracts. Splitting that increase by district gives Limassol 704 (39.2% of the increase), Paphos 468 (26.1%), Larnaca 422 (23.5%), Nicosia 172 (9.6%) and Famagusta 30 (1.7%); the five parts add to 1,796. By percentage, Paphos grew fastest (+18.5%), followed by Limassol, Larnaca, Nicosia and Famagusta.

Shares move slowly. In January to September 2025, Limassol’s share was 31.5% and Nicosia’s 22.7%; a year later they were 32.5% and 21.1%. That is a gain of 0.9 percentage points for Limassol and a loss of 1.6 points for Nicosia, which is a change in share and not a percentage change in contracts.

Monthly island-wide series

The highest monthly count in the three years of tables is 2,040 contracts in July 2026, followed by 1,964 in June 2026 and 1,832 in July 2025. August is the lowest month of each year in the series: 1,135 in 2024, 1,128 in 2025 and 1,241 in 2026. Every month of 2026 so far is above the same month of 2025; the smallest gap is May, 1,723 against 1,644 (+4.8%), and the largest is June, 1,964 against 1,544 (+27.2%). Month-to-month swings of this size occur in the series: in 2025, May was +29.7% on May 2024 while August was −0.6%.

Contracts by district and month, 2024

In 2024 the district totals were Limassol 5,032, Nicosia 3,527, Paphos 3,107, Larnaca 3,356 and Famagusta 775, which add to 15,797. Limassol’s peak was July (552) and Larnaca’s was also July (418), while Nicosia’s was June (348).

Contracts by district and month, 2025

The 2025 totals add to 18,114. Limassol grew +10.6% on 2024, Nicosia +16.7%, Larnaca +18.5%, Paphos +14.8% and Famagusta +15.0%. Famagusta district, which contains Ayia Napa and Protaras, is the smallest by count in every year of the series.

Contracts by district and month, 2026 (January–September)

The district-level monthly figures show where the nine-month increase arose. Limassol’s June count of 727 compares with 444 in June 2025, a rise of +63.7%; Larnaca’s August count of 299 compares with 221 (+35.3%); and Paphos in April had 336 against 238 (98 ÷ 238 = 41.2%). Famagusta district was below its 2025 level in every month from May to September.

Comparison with 2007 and 2008

The Department also publishes a comparison table for 2007 and 2008, in Greek, for contracts deposited at the district Land Registry offices. It carries a coverage note: the Land Information System holds data covering 92.92% of such acts for 2007 and 96.15% for 2008. The 2007 total in the table is 21,245 and the 2008 total is 14,667. Against those, 18,114 contracts in 2025 are 85.3% of the 2007 total (18,114 ÷ 21,245), and the 14,969 contracts of January to September 2026 compare with 15,458 in the same months of 2007, a ratio of 96.8%. Month by month, April 2026 (1,611) is above April 2007 (1,556), while July 2026 (2,040) is below July 2007 (2,097). The nine-month totals for 2007 and 2026 are close in size, and the coverage notes mean the 2007 counts describe the share of acts held in the system and not a complete total.

Sources: DLS contract tables (2024–2025; 2025–2026) and the DLS 2007–2008 comparison table. The DLS statistics index is at portal.dls.moi.gov.cy.

Contracts, Transfers and Values: What the Land Registry Shows

A contract is deposited when a sale agreement is signed, and the title moves later. The DLS buyer leaflet describes three ways to buy: an immediate transfer of the title deed, a sale contract that is deposited at the Department, and an assignment of an existing contract. It adds that a new unit under construction cannot be registered and cannot have a title deed until a completion-of-works certificate and a certificate from the Building Authority exist. So a contract on a unit in a development is counted when it is deposited, and a transfer is counted when the title passes, which can be years apart. The Department’s transfer tables therefore measure a different thing from its contract tables, and also report money.

For each transfer the Department lists a declared amount and an accepted amount. The Department’s fee page explains the background: transfer fees are charged on the sale price or on the market value, and where the Director is not satisfied with a stated amount, fees are charged on a value the Department determines. The accepted amount is the Department’s own figure after it has reviewed the declared one. In January to September 2026 the accepted amount was €3,725.5 million against a declared €3,461.5 million, so accepted exceeded declared by 7.6% (3,725.5 ÷ 3,461.5 = 1.076). The same ratio was 8.4% for the whole of 2025 and 9.0% for 2024.

Between January–September 2025 and the same months of 2026, transfer cases rose 4.1% (14,179 to 14,764), properties transferred rose 5.6% (15,656 to 16,525) and the accepted amount rose 6.7%. Those are smaller increases than the +13.6% rise in contracts. The ratio of deposited contracts to transfer cases was 0.93 in January to September 2025 and 1.01 in 2026. A ratio above 1 means more contracts were deposited in the period than transfers completed; the tables do not link a given contract to its transfer, so the ratio is a description of the two counts and not a pipeline estimate. Dividing the accepted amount by properties gives €225,446 per property in 2026, which includes land and commercial units and is not a price of a house.

Limassol’s accepted amount per property in 2026, €336,804, is 2.1 times Nicosia’s €160,193. Nicosia has the most completed transfers (4,507 cases) but Limassol the highest total value (€1,440.2 million, 38.7% of the island total). These district averages blend apartments, houses, plots and commercial units in different proportions, so they describe the mix of what changed hands in each district and not a like-for-like price.

Monthly transfers and values

June 2026 stands out: 1,956 cases and €576.9 million accepted, against 1,795 cases and €396.6 million in June 2025. The value rose 45.5% (576.9 ÷ 396.6 = 1.455) while the case count rose 9.0%, so the value per case rose too. A single month can include a few large transactions, which is one reason the series is read over several months. Sources: DLS transfer tables for 2024, 2025 and 2026 (Greek); the DLS buyer leaflet and transfer-fee page.

Domestic and Foreign Buyers in the Cyprus Real Estate Market Statistics

The DLS publishes a separate table for buyers other than Cypriots, headed “foreign buyers within the EU (excluding Cypriots) and ‘aliens’ outside of the EU”. It has four blocks by month and district: the number of transferred properties, the number of purchasers in transfers, the number of properties with registered contracts, and the number of buyers with registered contracts. Because a contract can cover more than one property and a property can have more than one buyer, none of these counts equals the number of contracts in the contract tables. The share of foreign buyers computed below divides properties with contracts to foreign buyers by all contracts, so it is indicative and not an exact share of contracts.

For January to September 2026 the DLS lists 6,267 properties with registered contracts to foreign buyers, 2,094 to buyers within the EU and 4,173 to buyers outside it. Dividing by the 14,969 contracts gives 41.9%. A year earlier the figures were 1,728 and 3,487, a total of 5,215 or 39.6%; the foreign count therefore rose 20.2% (6,267 ÷ 5,215 = 1.202), against 13.6% for all contracts. The same tables count 7,744 foreign buyers on those contracts (2,301 from the EU and 5,443 from outside it), which is 1.24 buyers per property. Non-EU buyers outnumber EU buyers by 1.99 to 1 in properties (4,173 ÷ 2,094).

Foreign buyers by district

The district differences are larger than the island-wide change. In Paphos, 2,117 of 2,999 contracts involved foreign buyers (70.6%), against 37.3% in Limassol and 15.6% in Nicosia. Larnaca (46.9%) and Famagusta (45.7%) sit between. The Jan–Apr 2026 share is a figure sometimes quoted on its own: 2,693 foreign properties against 6,320 contracts is 42.6%, and the same four months of 2025 give 2,223 against 5,541, or 40.1%. The nine-month and four-month shares differ by less than one percentage point, so the share has been stable at about 40% to 43% across these periods.

Transfers to foreign buyers

In completed transfers the foreign share is about half the contract share: 3,433 of 16,525 properties transferred in January to September 2026 went to foreign buyers (20.8%), against 41.9% of contracts. The Cyprus Mail report of 13 October 2026 on an analysis by BuySell attributes the gap to purchases off plan, where title passes only once construction is complete; the DLS leaflet’s rule on units under construction is consistent with that attribution. In Paphos the transfer share was 41.8% and in Nicosia 9.0%.

The Central Bank’s view for the second quarter of 2026

The CBC splits the contracts counted by the DLS into local, EU and non-EU buyers for 2026 Q2. Of 5,298 contracts, 3,191 were to local buyers, 735 to EU buyers and 1,372 to non-EU buyers, so local buyers were 60.2% of the quarter. The Bank reports that contracts rose 15.4% from 4,592 in 2025 Q2, that properties sold to foreign buyers rose 22.7% (2,107 against 1,717) and that those sold to local buyers rose 11.0% (3,191 against 2,875). It describes the rise as driven mainly by foreign buyers and, to a lesser extent, by local buyers.

The CBC’s foreign share for the quarter, 40% ((735 + 1,372) ÷ 5,298 = 39.8%), is a little below the DLS nine-month share of 41.9% because the periods differ (one quarter against nine months) and so do the counts: the Bank counts contracts by buyer group and the DLS counts properties with contracts to foreign buyers. Sources: DLS foreign-buyer tables for 2024, 2025 and 2026; CBC RPPI release 2026 Q2; Cyprus Mail, 13 October 2026.

Price Indices: Central Bank, CYSTAT and Eurostat Compared

Two national indices cover the whole residential market, and Eurostat republishes one of them on a common EU base; each is built differently. The CBC Residential Property Price Index uses valuations that banks and an asset management company collect from more than 100 property survey offices, for houses and apartments in the five districts, with a hedonic method and the first quarter of 2010 set to 100. CYSTAT’s House Price Index covers dwellings bought by households, new and existing, includes the land component and is built from Land Registry data. Eurostat’s house price index applies one concept across the EU and describes it as a gross acquisition measure that includes the price of land and covers only actual market transactions; its Cyprus figures carry the same quarterly rates as CYSTAT’s release. The CBC index therefore follows valuations, and the CYSTAT and Eurostat figures follow registered transactions.

The base arithmetic matters for reading the levels. An index of 109.7 means prices are 9.7% above their 2010 Q1 level ((109.7 − 100) ÷ 100). Apartments at 128.7 are 28.7% above that level, while houses at 98.0 are 2.0% below it. The two property types have therefore followed different paths since 2010. The Bank’s annual averages show the path of the aggregate: 99.6 in 2010, a low of 73.4 in 2016, and 109.7 in 2026 Q2. From the 2016 average to 2026 Q2, the index rose 49.5% (109.7 ÷ 73.4 = 1.495), and from 2010 it rose 10.1% (using the 2010 annual average of 99.6). The Bank attributes the 2026 Q2 rise to demand from foreign buyers and, to a lesser extent, local buyers, together with rising construction costs.

By district, 2026 Q2

Levels differ widely by district because each index starts from 100 in the same quarter. Nicosia’s aggregate index of 90.3 sits 9.7% below its 2010 Q1 level, while Limassol’s apartment index of 154.1 sits 54.1% above its own. The Bank reports that annual growth accelerated in every district except Limassol, where it slowed to 7.8%, and that house-price growth slowed only in Paphos, to 3.1%, while its apartment index rose 18.5%. These district indices are separate from the transaction counts in the DLS tables, which is why Paphos can show the largest increase in apartment valuations and the largest percentage increase in contracts without the two being linked by any source.

CYSTAT and Eurostat, 2024–2026

Eurostat’s release of 1 October 2026 puts Cyprus at 159.13 on its 2015 = 100 base in 2026 Q2, up 7.9% on a year earlier and 2.4% on the first quarter (159.13 ÷ 155.34 = 1.024), against 4.7% for the EU and 4.0% for the euro area. The same 7.9% appears in coverage of CYSTAT’s own release of 30 September 2026, where the index stands at 105.46 points; the two levels differ because the base years differ, while the rate of change is the same. CYSTAT’s preliminary quarterly series reads 97.74 (2025 Q2), 101.35, 101.34, 102.95 and 105.46 (2026 Q2). In Eurostat’s split for Cyprus, new dwellings rose 9.8% year on year in 2026 Q2 (index 180.79) and existing dwellings 4.2% (141.68); CYSTAT’s sub-indices, 105.73 for new and 105.10 for existing dwellings, give the same rates.

Reading the series together: annual changes in Cyprus’s HPI were 2.9%, 4.2%, 6.0%, 3.4% and 7.9% across the last five quarters, a less even path than the CBC’s 4.7%, 5.0%, 7.1%, 7.5% and 8.5%. That is consistent with their methods, because an index of registered prices moves with the mix of properties sold in a quarter, while a smoothed valuation index moves gradually. Sources: CBC RPPI 2026 Q2; Eurostat house price statistics and its quarterly dataset prc_hpi_q; Cyprus Mail on the CYSTAT release, 30 September 2026.

Resale prices per square metre

Agency data add a price-per-area view. Landbank Analytics’ resale analysis for the first half of 2026, reported by Cyprus Mail on 23 September 2026, covers flats and houses in the five districts and gives median prices per square metre. It also reports 3,202 resale transactions worth €727.2 million, of which 84% were at €300,000 or below. A median is the middle value, so a few very large sales do not move it as they move an average.

The widest gap between districts is in apartments: Limassol’s median of €2,686 per m² is 1.76 times Larnaca’s €1,528 (2,686 ÷ 1,528). In Paphos and Famagusta the house median is above the apartment median, and in the other three districts it is below. Source: Cyprus Mail, 23 September 2026, citing Landbank Analytics.

RICS Cyprus Property Index with KPMG: 2026 Q2 and Q1

The RICS Cyprus Property Index with KPMG measures something different again: market values and market rents of hypothetical or “notional” buildings in the urban centres of Nicosia, Limassol, Larnaca, Paphos and Paralimni-Famagusta, as estimated by accredited RICS professionals using a method developed by the University of Reading. It covers only the area under the Republic’s control and publishes year-on-year and quarter-on-quarter changes by property type, with prices per square metre based on gross external area. Because the buildings are notional, the index tracks the change in value of a fixed specification and not the average price of what sold in a quarter.

For 2026 Q2 the report states that apartments showed the largest gain over the quarter, with Larnaca ahead of the other districts, that houses showed broad growth led by Larnaca and Paphos with Nicosia unchanged, and that retail showed the smallest change. In the first-quarter edition, the report named Paphos and Famagusta for the largest apartment increases. KPMG’s Christophoros Anayiotos and RICS chief economist Simon Rubinsohn are quoted in the accompanying press release; Rubinsohn described the Cypriot economy as showing considerable resilience. Market values and market rents come from the same notional buildings, which is why the report can publish yields. Sources: RICS/KPMG 2026 Q2, 2026 Q1 and the KPMG press release.

Rents and Yields in the Cyprus Real Estate Market Statistics

Rents in the Cyprus real estate market statistics are measured in two named sources. The first is the rent component of the harmonised consumer price index that Eurostat publishes, “actual rental payments made for housing”, which follows what households pay in rent as part of the consumer price index; it is a measure of rents paid in existing tenancies and does not follow advertised asking rents on new listings. The second is the RICS/KPMG rent estimate for notional buildings shown above. The monthly Eurostat series is available through September 2026.

Cyprus rents in the index stood at 136.02 in September 2026, up 4.8% on September 2025 (136.02 ÷ 129.77 = 1.048). Over earlier periods, the December-to-December changes were 4.1% for 2024 (127.18 ÷ 122.15) and 2.7% for 2025 (130.60 ÷ 127.18), and the nine months from December 2025 to September 2026 added 4.2% (136.02 ÷ 130.60). The EU rent index rose 2.9% and the euro area 2.6% over the year to September 2026. Cyprus’s own annual inflation rate was 5.2% in September 2026, so in real terms rents fell about 0.4% over the year ((1.048 ÷ 1.052) − 1 = −0.4%). On Eurostat’s rebased 2025 = 100 series the same data read 103.37 in March 2026, 104.30 in July and August 2026 and 105.27 in September 2026.

Yields as RICS reports them

The RICS/KPMG report publishes gross yields for its notional buildings by asset type. A yield here is the report’s rent estimate divided by its value estimate for the same notional building, so it describes those buildings and not the lettings of any actual property. The table gives the first and second quarter of 2025 and 2026 as printed in the reports.

Worked arithmetic shows what a yield means. A yield of 5.51% on notional apartments means €5.51 of annual rent for every €100 of value, or €5,510 a year on €100,000, which is €459 a month (5,510 ÷ 12 = 459.2). The reciprocal, 100 ÷ 5.51 = 18.1, is the number of years of gross rent that equal the value. For houses at 3.01% the same calculation gives 33.2 years. Gross yields ignore vacancy, management, maintenance, taxes and financing, and the RICS report states that yields were little changed against the same quarter a year earlier. The gap between apartments and houses in the table comes from the report’s own value and rent estimates for the two notional building types. Sources: Eurostat HICP dataset prc_hicp_minr (updated 16 October 2026) and the RICS/KPMG reports linked above.

Supply: Building Permits, Construction Costs and the New-Build Share

Supply enters the Cyprus real estate market statistics through building permits, which CYSTAT publishes monthly. Its release of 16 September 2026 reports 735 permits in May 2026 providing for 1,847 dwelling units, and 3,650 permits in January to May 2026 against 2,764 a year earlier (+32.1%). Residential building permits numbered 2,684 against 2,044 (+31.3%), with a total value of €1,789.6 million against €1,107.4 million. The release explains one methodological point worth carrying into any year-on-year comparison: from 1 July 2024 the authority to issue permits moved from municipalities and district administration offices to the newly founded Local Government Organisations, and all applications are processed electronically in the “Ippodamos” system, including a large volume of older applications that had been submitted in printed form before that date. Cyprus Mail’s report on CYSTAT’s full-year figures (7 April 2026) gives 8,159 permits for 2025 against 6,827 for 2024 (+19.5%) and a rise of 42.7% in dwelling units.

The mix changed as much as the total. Single houses and two-unit buildings made up 33.3% of authorised units in January to May 2025 ((1,369 + 456) ÷ 5,484) and 22.5% in 2026 ((1,469 + 547) ÷ 8,978), while apartment blocks, with or without commercial use, rose from 66.7% to 77.5%. Dividing units by residential permits gives 2.68 units per residential permit in 2025 and 3.35 in 2026 (8,978 ÷ 2,684), which reflects the larger share of multi-unit buildings. Cyprus Mail’s figures from the June 2026 release, reported on 5 October 2026, are 751 permits in June (+18.3%), 2,122 units in June, and 11,100 units for January to June 2026 against 6,616 a year earlier (+67.8%). A permit is an authorisation to build, not a completion, and the CBC notes only that the supply of residential units is expected to increase gradually in the medium term.

Construction costs

The materials index measures what builders pay for inputs; the output-prices index measures prices charged to clients for construction work, including materials, labour, energy, transport and contractors’ profits, so the two should not be treated as one cost series. Output prices rose faster than materials, 4.9% against 3.74%. The CBC adds that construction firms report labour shortages in the European Commission’s business surveys. The change in output prices is checked by division: 132.48 ÷ 126.32 = 1.0488, which is +4.9%. Sources: CYSTAT building permits, May 2026; Cyprus Mail on CYSTAT data for permits in 2025, permits in June and the first half of 2026, materials prices and output prices. Our own page on Cyprus building permits and construction trends follows the monthly releases.

New-build share and price bands

There is no official split of sales into new and resale in the DLS tables, so the new-build share comes from agency data. Landbank Analytics counted 3,594 new-build sales of apartments and houses, “either under construction or at the planning stage”, worth about €1.149 billion in the first half of 2026 (Cyprus Mail, 31 July 2026), and 1,105 apartment and 570 house resales in its separate resale analysis (Cyprus Mail, 23 September 2026). On those two datasets, new builds were 68.2% of the flat and house sales counted (3,594 ÷ (3,594 + 1,105 + 570)) and 77.6% of their value (1,148.7 ÷ (1,148.7 + 166.1 + 165.5)). The datasets come from two releases with different scopes, so the share is an estimate.

The mean of €319,618 is 1.37 times the median of €232,500, which shows how a minority of high-priced sales pulls the average above the typical sale. Sales below €400,000 were 2,982 of 3,594, or 83.0% (528 + 1,423 + 1,031). Apartments were 2,977 of the sales (82.8%) with a median of €215,000, and houses 617 (17.2%) with a median of €365,000. By district, Paphos had the highest median (€360,000) and Nicosia the most sales (1,063). Landbank’s earlier analysis of January to October 2025, reported by Cyprus Property News on 12 February 2026, put Paphos’s average new-build price at €470,000 against Limassol’s €451,000, and Paphos new houses at an average of €697,000. Sources: Cyprus Mail, 31 July 2026 and Cyprus Property News, 12 February 2026.

Credit and Interest Rates: Central Bank and ECB Data

The European Central Bank’s page of key interest rates lists a deposit facility rate of 2.50%, a main refinancing operations rate of 2.65% and a marginal lending facility rate of 2.90%, effective from 16 September 2026; the previous levels were 2.25%, 2.40% and 2.65% from 17 June 2026, and 2.00%, 2.15% and 2.40% from 11 June 2025. As of the page read on 29 October 2026, no later change is listed. The CBC’s interest-rate statistics for August 2026 give rates and volumes on new business in Cyprus.

The Bank cautions that its house-purchase rate is a weighted average of different loan types, including loans for a primary residence and for vacation homes, and that the composition changes from month to month, so the level can move without any bank changing its rates. In its European comparison section the same release shows new-business rates on house-purchase loans of 3.3% for Cyprus in August 2026 against a euro area median of 3.5% and mean of 3.6%; the release gives 4.16% in its summary and 3.3% in the European comparison for the same month, and presents them as separate series, so each figure should be quoted with its own label. The share of new house-purchase loans at variable rates was 12.0% in August 2026, from almost 100% in early 2022, as reported by Cyprus Mail on 5 October 2026.

To see what a difference of 0.38 percentage points in a rate means for a repayment, take an illustrative annuity loan of €200,000 over 25 years (300 monthly payments), which is arithmetic and not a quote from any lender. The payment is L × i ÷ (1 − (1 + i)^−n) with i the monthly rate. At 3.78% a year, i = 0.00315 and the payment is €1,031.53; at 4.16%, i = 0.003467 and the payment is €1,073.42. The difference is €41.89 a month, or 4.1% (1,073.42 ÷ 1,031.53 = 1.041).

Mortgages registered at the Land Registry

The DLS counts mortgages registered against immovable property for any purpose, so the series is wider than housing loans. For January to September, registrations were 8,251 in 2024, 9,686 in 2025 and 10,349 in 2026, a rise of 6.8% over 2025 (10,349 ÷ 9,686), and the registered amount rose 6.2% to €3,135.6 million. That is slower growth than the +13.6% in contracts; the tables do not say how many contracts are financed by a mortgage, so the two series are shown side by side and are not linked. Of the 10,349 registrations, Nicosia had 4,067 and Limassol 2,800. Sources: DLS mortgage statistics 2026, 2025 and 2024; CBC interest-rate release; ECB key rates; Cyprus Mail, 5 October 2026.

Tax and Legal Context on 29 October 2026

The table lists the rules that frame a purchase in the Republic of Cyprus as of 29 October 2026, each with the document that states it. It is deliberately short, because the Cyprus real estate market statistics concern markets and not procedures: the detailed procedures are in our guides on buying resale property in Cyprus and the Cyprus residence permit, and are not repeated here. Rules differ by person and by property.

A worked example for the transfer-fee scale: for a resale property at €250,000 with no VAT, the fee is 3% of the first €85,000, 5% of the next €85,000 and 8% of the remaining €80,000. That is 2,550 + 4,250 + 6,400 = €13,200 before the discount and €6,600 after the 50% discount, which is 2.64% of the price. The VAT rates give a second illustration of rate arithmetic only: 19% of €300,000 is €57,000 and 5% is €15,000, and whether a purchase qualifies for 5% is decided under the law and the Tax Department’s rules. Where VAT is charged, the DLS fee page states that no transfer fee is charged on the same transaction.

On the permanent residence route, the criteria above are those summarised by KPMG Cyprus and by the law firm Kinanis LLC in Legal 500 from the Migration Department’s published criteria. The stamp duty and permission rules are taken from the legislation itself. Sources: Law 239(I)/2025; Law 42(I)/2023; Cap. 109; DLS transfer-fee page; Cyprus Mail on VAT, 5 November 2025; KPMG TaxNewsFlash; Harris Kyriakides, 30 April 2026; KPMG Cyprus, May 2023; Legal 500; Cyprus Mail, 24 September 2026; Cyprus Mail, 22 October 2026.

How to Read Cyprus Real Estate Market Statistics: Worked Arithmetic

Most mistakes in reading Cyprus real estate market statistics come from mixing series, units or time periods. This section sets out the main checks with the arithmetic shown, using numbers from the tables above.

Contracts are not transfers

A contract is an agreement deposited at the Land Registry; a transfer is the registration of title. In January to September 2026 the DLS tables show 14,969 contracts and 14,764 transfer cases. These are not the same sales: a contract deposited in 2026 on a unit under construction will be counted as a transfer only when the title passes, and a transfer in 2026 may come from a contract deposited in an earlier year. Adding the two, or calling one of them “sales” without saying which, gives a figure no source reports.

Percentage change versus percentage points

Paphos had 2,531 contracts in January to September 2025 and 2,999 in 2026. The percentage change is (2,999 − 2,531) ÷ 2,531 = 468 ÷ 2,531 = 18.5%. Paphos’s share of island contracts went from 2,531 ÷ 13,173 = 19.2% to 2,999 ÷ 14,969 = 20.0%, a change of 0.8 percentage points. The first number says how much the district grew, and the second says how its weight in the total changed; both are correct and answer different questions. Likewise, the CBC’s annual index change in 2026 Q2 (8.5%) and in 2026 Q1 (7.5%) differ by one percentage point, which is a 13% proportional step in the growth rate, and the two descriptions should not be confused.

Value versus volume

Volume counts transactions; value adds up money. In the DLS transfer tables, the accepted amount for January to September 2026 rose 6.7% while properties transferred rose 5.6%. The accepted amount per property therefore moved from €223,089 to €225,446, or 1.1%. That is a change in the average value of what was transferred and it mixes price movements with changes in the mix of land, apartments, houses and commercial units; the price indices exist to separate the two.

Nominal versus real

All the price and rent figures above are nominal, meaning they are not adjusted for general inflation. Cyprus’s all-items annual inflation rate was 3.0% in April 2026, 3.5% in May and 4.1% in June, an average of 3.53% across the second quarter (Eurostat HICP). A rough real rate is (1 + nominal) ÷ (1 + inflation) − 1. For the CBC index, 1.085 ÷ 1.0353 − 1 = 4.8%; for the CYSTAT and Eurostat index, 1.079 ÷ 1.0353 − 1 = 4.2%. The averaging of three monthly annual rates is an approximation, since the sources do not publish a quarterly inflation rate in the releases used here. For rents in September 2026, the nominal rise of 4.8% against inflation of 5.2% gives (1.048 ÷ 1.052) − 1 = −0.4%. Either way, the real change depends on which price index and which period are paired.

Averages, medians and shares

An average is pulled by extreme values; a median is the middle observation. In Landbank’s new-build data the average is €319,618 and the median €232,500, so the average is 1.37 times the median. When a source reports only a district average, a single large sale can move it; Cyprus Mail’s report of the same data notes that one €13 million sale raised the Paphos house average. Medians, price bands and counts show the spread better than one average.

Why sources differ

Percentage changes are comparable across bases only when the periods match. The Eurostat Cyprus index rose from 147.48 in 2025 Q2 to 159.13 in 2026 Q2, and 159.13 ÷ 147.48 = 1.0790, which is +7.9%; CYSTAT’s 105.46 ÷ 97.74 = 1.0790 gives the same +7.9%, although the levels are on different bases.

Figures Cited in Earlier Versions of This Page, Rechecked

An earlier version of this page cited several figures that can be checked against the primary tables used above. The table gives the result of each check as of 29 October 2026.

The first row is worth restating in numbers. The April 2026 count is above April 2007 in the DLS comparison table (1,611 against 1,556, +3.5%), but July 2007 at 2,097 is above July 2026 at 2,040 (−2.7%). A month-by-month comparison therefore depends on the month chosen, and the nine-month totals, 14,969 in 2026 and 15,458 in 2007, are within 3.2% of each other.

Dated Table of Headline Figures

The table collects the principal figures on this page in one place, each with its period, source and date, so that a figure can be quoted with its reference.

Where the Districts Appear on This Site

The statistics above are by district, and the Southern Cyprus page indexes the projects this site lists in the Republic of Cyprus. District pages exist for Limassol and Paphos. Examples of Paphos listings, shown only to locate the district, include Demetra Residences, Bellerophon Villas, Amber View and Mare Residences; each listing page states its own prices and dates, and none of the statistics on this page refers to a specific project. Longer-run context on prices and rents is on the pages about whether Cyprus housing is still cheaper than in 2010 and Cyprus rental prices by city, which should be read against the dated figures here.

Frequently Asked Questions

How many property sale contracts were registered in Cyprus in 2026?

The Department of Lands and Surveys counted 14,969 contracts of sale for January to September 2026, against 13,173 in the same months of 2025 (+13.6%). The full-year totals for earlier years are 18,114 for 2025 and 15,797 for 2024. These are contracts deposited at the Land Registry, not completed transfers, and the Cyprus real estate market statistics on this page use the DLS tables dated 5 October 2026.

How many completed transfers and what value did the DLS list?

For January to September 2026 the DLS lists 14,764 transfer cases covering 16,525 properties, with a declared amount of €3,461.5 million and an accepted amount of €3,725.5 million. The accepted amount is the Department’s figure after it has reviewed the declared amount, and it was 7.6% above the declared amount; transfer fees are charged on the sale price or the market value.

Which district has the most contracts?

Limassol, with 4,860 of 14,969 contracts (32.5%) in January to September 2026. Larnaca had 3,291, Nicosia 3,163, Paphos 2,999 and Famagusta 656. Paphos had the highest percentage increase over 2025, +18.5%.

What share of buyers are foreign?

The DLS counted 6,267 properties with contracts to foreign buyers in January to September 2026, 41.9% of the 14,969 contracts, with 2,094 to buyers within the EU and 4,173 outside it. In completed transfers the foreign share was 20.8%. The two shares differ because contracts on units still under construction have not yet reached transfer. These Cyprus real estate market statistics count properties against contracts, so the contract share is indicative.

How fast are prices rising according to the official indices?

In the Cyprus real estate market statistics, the Central Bank of Cyprus index rose 8.5% year on year in 2026 Q2, to 109.7 on its 2010 Q1 = 100 base, with houses up 5.8% and apartments up 8.9%. CYSTAT’s preliminary House Price Index and Eurostat show 7.9% for the same quarter, against 4.7% for the EU. RICS/KPMG reports +5.42% for apartments and +4.04% for houses on its notional-building basis. The indices measure different things, as set out in the section on price indices.

What are rental yields and rents in Cyprus?

Among the Cyprus real estate market statistics on rents, RICS/KPMG reports gross yields of 5.51% for apartments and 3.01% for houses in 2026 Q2, for notional buildings. Eurostat’s index of actual rental payments for Cyprus rose 4.8% in the year to September 2026, against 2.9% for the EU. Yields in the RICS report are estimates for hypothetical buildings, so they describe the index and not the income of any particular property.

How many new homes are being permitted?

CYSTAT reports permits for 8,978 dwelling units in January to May 2026, against 5,484 a year earlier (+63.7%), and Cyprus Mail reports 11,100 units for January to June 2026 against 6,616. Apartment blocks accounted for 77.5% of the January–May units. A permit authorises construction and is not a completion.

What were mortgage and interest rates in the latest data?

The ECB deposit facility rate has been 2.50% since 16 September 2026. The Central Bank of Cyprus reports an average of 4.16% on new loans for house purchase in August 2026, from 3.78% in July, and cautions that the figure mixes loan types such as primary-residence and vacation-home loans. Outstanding household loans carried 3.9% in August 2026.

Did stamp duty change in 2026?

Yes. Law 239(I)/2025, published in the Official Gazette on 31 December 2025, repeals the Stamp Duty Laws of 1963 to 2024 from 1 January 2026. Transfer fees of 3%, 5% and 8% with a 50% discount, and VAT rules, are separate and still apply as set out in the tax and legal table of this Cyprus real estate market statistics reference.

Why do different sources give different numbers?

They count different events and use different methods: contracts versus transfers, properties versus contracts, valuations versus registered prices, notional buildings versus actual sales, and different base years. Percentage changes can be compared when the period is the same, while index levels on different bases cannot. The section on how to read the statistics sets out the arithmetic with examples.

Last checked: 29 October 2026. Sources: DLS contracts of sale 2025–2026; DLS contracts of sale 2024–2025; DLS comparison table 2007–2008; DLS foreign buyers 2026; DLS foreign buyers 2025; DLS foreign buyers 2024; DLS transfers of sales 2026; DLS transfers of sales 2025; DLS transfers of sales 2024; DLS mortgage statistics 2026; DLS buyer leaflet; DLS transfer-fee page; CBC Residential Property Price Index 2026 Q2; CBC interest-rate statistics; CYSTAT building permits May 2026; Eurostat house price statistics; Eurostat HICP rents; RICS/KPMG 2026 Q2; RICS/KPMG 2026 Q1; ECB key interest rates; Cyprus Mail on CYSTAT HPI; Cyprus Mail on CYSTAT permits; Cyprus Mail on CYSTAT materials index; Landbank new builds; Landbank resale; Cyprus Mail on BuySell analysis; Law 239(I)/2025; Law 42(I)/2023; Cap. 109.