The Cypriot real estate sector has demonstrated remarkable resilience and growth, achieving a record total transaction value of EUR 6.5 billion in 2025. This milestone reflects an 8% increase from the previous year, underscoring the market's robust performance.

Residential properties have been the primary drivers of this growth, accounting for EUR 4.5 billion of the total transaction value. Within this segment, apartments have seen significant demand, constituting approximately 60% of the overall increase in value terms.

Foreign interest in the Cypriot property market has also been notable, with demand from international buyers rising by 16% in 2025. Coastal districts such as Paphos, Larnaca, and Limassol have been particularly attractive, together accounting for about 80% of the growth in foreign property acquisitions.

The luxury property segment has maintained a steady presence, with 203 transactions totaling EUR 550 million, representing 8% of the sector's total value. Limassol continues to lead in high-end residential properties, although its share has decreased from 76% in 2024 to 61% in 2025. Paphos has experienced an increase in luxury property transactions, now representing 28% of the total luxury segment, up from 18% in 2024.

Construction activity has also been robust, with a 9% increase in new building permits from January to October 2025. The total value of these permits rose by 28%, indicating a shift towards higher-quality, higher-value projects. Limassol and Nicosia have been leaders in terms of permitted project area, with significant growth recorded in hotel and leisure developments.

These developments highlight the Cypriot real estate market's strong performance and its appeal to both local and international investors. For Canadians considering retirement in Cyprus, the market offers a diverse range of opportunities, from residential properties to luxury estates, set against the backdrop of a growing economy and a high quality of life.

Sources: PwC Cyprus, Cyprus Mail