Cyprus Property Sales Rose 11% in July, With Limassol and Paphos Driving the Gain

Cyprus logged 2,040 sales contracts in July, up 11% on the year, taking 2026 to 12,047 — 14% ahead of last year, with Limassol and Paphos leading.

Cyprus recorded 2,040 property sales contracts in July 2026, up from 1,832 a year earlier — an 11% annual gain that takes the January-to-July total to 12,047 against 10,561 in the same period of 2025, a rise of 1,486 contracts or 14%. The Department of Lands and Surveys figures were reported on 4 August. Two districts account for more than 70% of the year-to-date increase, and one is barely moving at all.

A two-speed island

Limassol led with 695 contracts in July, up 20%, and 3,959 year to date, also up 20%. Paphos followed at 395 in July, up 15%, and 2,387 year to date, up 20%. Larnaca added 436 in July, up 10%, for 2,599 year to date, up 11%. Famagusta recorded 191 in July, down 3%, but remains 10% ahead for the year at 538.

Nicosia is the outlier. The capital logged 423 contracts in July, exactly flat on last year, and is up only 5% year to date at 2,564. Nicosia is the least coastal and most domestically driven of the five districts, and its flat line against 20% growth in Limassol and Paphos separates the local market from the international one fairly cleanly.

One definitional note: these are contracts of sale deposited with the Land Registry, not completed transfers. They are a leading indicator of activity, and a good one, but a deposited contract can lag its transfer by many months.

Volumes are rising faster than prices

Glopra's Cyprus data shows an average of $2,910 per square metre with prices up 3.4% in euro terms over the past twelve months and 0.5% in dollars. Set that against 14% growth in transaction volumes and the picture is unusual for Europe in 2026: activity accelerating well ahead of pricing. Most of our European markets are doing the opposite — Spain is the clearest counter-example, with prices up 12.8% on barely-positive volumes.

A market where more people are transacting without bidding each other up is one where supply is responding. It is also why our bubble score for Cyprus is 41, in the moderate band, well below Greece at 74 or Portugal at 84.

The tax line is the standout

The gross rental yield in our Cyprus data is 4.88% — unremarkable on its own. What is remarkable is that our standardised non-resident case produces an effective rental income tax of 0%, so gross and net are the same number. Across the 47 countries in our coverage that is close to unique; the comparable figure is 19% in Spain, 21% in Italy and 27.5% in France. On an after-tax basis, a 4.88% Cypriot yield outranks a 5.45% Spanish one. The methodology behind that figure, and the standardised case it assumes, is set out in our FAQ — it is a modelled comparison, not tax advice for a specific purchase.

Sources: Cyprus Mail (Department of Lands and Surveys data, 4 Aug 2026) https://cyprus-mail.com/2026/08/04/cyprus-sees-more-than-2000-property-sales-in-july; Cyprus Property News https://news.cyprus-property-buyers.com/2026/08/05/cyprus-property-market-sales-july-2026/id=00172900

Market data: Cyprus