Cyprus Signed 1,241 Property Sale Contracts in August, 10% More Than a Year Earlier

Cyprus lodged 1,241 property sale contracts in August, up 10% on last year, as Larnaca surged 35% and Limassol became the only large district to fall.

Cyprus recorded 1,241 property sale contracts in August, 10% more than the 1,128 lodged in the same month of 2025, on Department of Lands and Surveys figures reported on 3 September. Almost all of the gain came from the island's two smaller coastal districts: Larnaca jumped 35% to 299 contracts and Paphos rose 20% to 267.

Larnaca and Paphos carried the month

Larnaca was the second-busiest district of August, behind Limassol alone, after registering 299 contracts against 221 a year earlier. Paphos moved from 223 to 267. Nicosia, the inland capital and the district least exposed to overseas demand, added 8% to reach 225 — a real increase, but the smallest of the three risers.

Limassol is the one large market going backwards

Limassol filed 395 contracts, down from 416 in August 2025, a fall of 5%. Famagusta slipped from 60 to 55. Limassol still accounts for close to a third of all Cypriot transactions, so its direction matters more than its percentage: without that district the island's August total would have grown considerably faster than 10%.

The year to date is running 14% ahead

Between January and August, 13,288 contracts were deposited, against 11,689 over the same eight months of 2025 — an increase of 14%. Limassol still leads the cumulative table on 4,354, with Nicosia and Larnaca level on 2,789 each, Paphos on 2,654 and Famagusta on 593. Paphos shows the sharpest cumulative improvement, rising from 2,218, close to 20% growth over the year.

Volume and price are moving at different speeds

Glopra's market data puts the Cypriot national average at $2,910 per square metre with prices up 3.4% over the past twelve months — a modest number set against double-digit transaction growth. Gross rental yield stands at 4.88%. Our bubble-risk reading for Cyprus is 41 out of 100, inside the moderate band and well below Portugal, Greece and Spain, the other southern European markets we score. The district mix is part of the reconciliation: August's growth came from Larnaca and Paphos while Limassol, the island's largest market by contract volume, went backwards. A national price index weighted towards the biggest market will not move much when the extra activity sits outside it.

What the figure does and does not measure

Contracts of sale are deposited with the Land Registry at the point of agreement, which in Cyprus can precede title transfer by years, particularly on off-plan purchases. The count therefore tracks demand at the moment of commitment rather than completed, delivered housing. It also carries no price information: 1,241 contracts in August tells you how many deals were struck, not what buyers paid for them, and the district mix — more Larnaca, less Limassol — pulls the average deal size down rather than up.

Sources: Cyprus Property News (Department of Lands and Surveys data), 3 Sep 2026 https://news.cyprus-property-buyers.com/2026/09/03/cyprus-property-sales-rise-10-in-august/id=00173135; Department of Lands and Surveys, Contracts of Sale statistics https://portal.dls.moi.gov.cy/en/stats_category/enimerosi/statistika/politirion-engrafon/

Market data: Cyprus