The property market in Cyprus has so far demonstrated resilience in the face of the crisis in the Middle East, as reflected in the latest figures published by the Department of Lands and Surveys.
Property sales nationwide increased by 15 percent, reaching 1,611 units, up from 1,404 in April 2025. In March, the annual increase stood at 18 percent.
Sales to foreign buyers, both from within and outside the European Union, totalled 649 in April 2026 compared to 552 in April 2025. These accounted for 40.3 percent of total sales, compared to 39.3 percent a year earlier.
Investment on the rise
The chief executive officer of Ask Wire, Pavlos Loizou, told Politis that there has so far been no apparent impact from the crisis in the Middle East. “Some nationalities, in fact,” he noted, “precisely because of the situation, have increased their investments in Cyprus, mainly in Larnaca and Paphos.”
The figures show that in April 2026 the largest increase was recorded in Paphos, reaching 41 percent compared with a decrease of 4 percent in March, and in Larnaca, where the increase stood at 21 percent compared with 16 percent the previous month. In Paphos, sales this April reached 336 units, up from 238 last year, while in Larnaca sales rose to 333 from 275.
Mr Loizou also pointed out that, due to tax reform, there has been an increase in transactions involving land‑for‑property arrangements, as these are no longer subject to taxation.
The chief executive officer of Delfi Partners & Company, Giorgos Mountis, told Politis that “there was a slight pause at the start of the war due to uncertainty, however the market is currently moving at almost pre‑war levels.”
At the same time, he noted that many investors who had been planning to invest in Dubai and the Middle East are reconsidering and viewing Cyprus as an attractive destination both for property investment and for relocating their companies, especially following the tax reform.
The chief executive officer of the Landbank Group, Andreas Christoforides, stressed that property sales are continuing normally, with no signs so far of a slowdown as a result of the war. “The real estate sector in Cyprus has matured and is showing resilience to external shocks,” he said.
In Limassol, property sales increased by 10 percent in April compared with an annual increase of 20 percent in March, reaching 505 units from 461 last year.
In Nicosia, sales rose by just 2 percent in April, reaching 361 units from 354 in April 2025. In March, the increase had been 30 percent.
In the free area of Famagusta, property sales in April 2026 showed no change and stood at 76. In March, an increase of 59 percent had been recorded.
In the first four months of 2026, nationwide property sales rose by 14 percent, with the largest increases recorded in the free area of Famagusta at 25 percent and in Paphos at 18 percent.
Total sales for the period January to April 2026 amounted to 6,320 units, compared with 5,541 in the corresponding period of 2025. Sales to foreign buyers reached 2,693 this year, up from 2,223 last year.
Housing loans
The positive momentum of the property market is also reflected in recent figures from the Central Bank regarding new housing loans.
The data showed a significant increase of 24.5 percent in new housing loans, reaching €353.6 million compared to €284.1 million in the corresponding quarter of 2025. This represents the highest level since the quarter of 2022, when housing loans stood at €437.5 million.
According to the latest publication by the Central Bank, the overall house price index recorded an accelerating increase during the fourth quarter of 2025. This was attributed to continued strong demand from both domestic and foreign buyers, a gradual increase in housing supply, and construction costs, which remain at historically high levels.
