October 2026 Sales: Another Strong Month
Cyprus property sales continued their upward trajectory in October 2026, with 1,772 contracts of sale deposited at Land Registry offices across the Republic of Cyprus. This represents an 8% increase compared to October 2025, when 1,638 contracts were recorded. The data, analysed by BuySell from Department of Lands and Surveys figures, shows every month in 2026 has outperformed its 2025 counterpart.
For the first 10 months of 2026, total contracts stand at 16,741, a 13% rise year-on-year. This is already 92% of the 18,114 contracts recorded for the whole of 2025. The monthly average has climbed to 1,674 sales, compared to 1,481 in the same period last year.
District Performance: Limassol Leads, Paphos Grows Fastest
In October 2026, four of five districts recorded year-on-year gains:
- Limassol: 546 contracts (+11%)
- Nicosia: 393 contracts (+6%)
- Larnaca: 383 contracts (+12%)
- Paphos: 375 contracts (+11%)
- Famagusta: 75 contracts (−22%)
For the January–October period, Limassol leads with 5,406 contracts (+16%). Paphos is the fastest-growing district at +18% (3,374 contracts), followed by Larnaca at +14% (3,674 contracts), Nicosia at +6% (3,556 contracts) and Famagusta at +1% (731 contracts). Limassol and Larnaca together account for 1,223 of the 1,930 additional contracts this year.
Property Value Transfers: €3.46 Billion in Nine Months
Completed property transfers in January–September 2026 totalled €3.46 billion, a 7% increase year-on-year. This covers 14,764 transactions involving 16,525 properties. June was the strongest month at €541 million, while September closed at €437 million. The total represents 79% of the €4.36 billion transferred in all of 2025.
Limassol absorbed the largest share at €1,388 million, or 40% of all property spending. Nicosia followed with €735 million (21%), Paphos with €696 million (20%), Larnaca with €480 million (14%) and Famagusta with €162 million (5%).
Foreign Buyer Activity: 42% of Contracts
Foreign buyers signed 727 contracts in October 2026, accounting for 41% of the total. This included 511 from non-EU countries (+13% year-on-year) and 216 from other EU countries (−7%). Cypriot buyers signed 1,045 contracts, up 9%.
Over the first 10 months, foreign buyers accounted for 6,994 contracts, or 42% of all sales. Non-EU buyers contributed 4,684 contracts (+19%), while EU buyers signed 2,310 (+18%). The foreign share varies significantly by district:
- Paphos: 68.7%
- Larnaca: 47.5%
- Famagusta: 46.6%
- Limassol: 38.0%
- Nicosia: 15.1%
On completed transfers, foreign buyers took title to 3,433 of the 16,525 properties transferred in January–September 2026 (20.8%), led by Paphos at 41.8% and lowest in Nicosia at 9.0%.
Price Growth: 8.5% Year-on-Year
The Central Bank of Cyprus Residential Property Price Index for Q2 2026 rose 2.4% quarter-on-quarter and 8.5% year-on-year, up from 7.5% annual growth in the previous quarter. Apartment prices rose 8.9% year-on-year, outpacing house prices at 5.8%, reflecting a shift in the property mix towards apartments.
All districts posted annual gains:
- Famagusta: +10.0%
- Larnaca: +9.8%
- Paphos: +9.6%
- Limassol: +7.8%
- Nicosia: +5.7%
The Central Bank attributes the rise to strong demand, particularly from non-Cypriot buyers, and higher construction costs. Building permits for residential units rose 63.7% in January–May 2026 (8,978 units), which should add supply over the medium term.
Mortgage Market: Rates Ease, Lending Rises
The average interest rate on new housing loans in September 2026 was 3.88%, down from 4.16% in August. Pure new loans for house purchase rose to €135 million from €114 million (€164 million including renegotiated contracts). Only 9.8% of new housing loans carried a floating rate or a rate fixed for up to one year, down from 12.0%, meaning roughly nine in ten borrowers locked in a fixed rate for more than a year.
Mortgage registrations confirm the trend: 11,402 mortgages worth €3.47 billion were registered in January–October 2026, with 1,053 in October worth €335 million. Limassol accounts for the largest mortgaged amount (€1,354 million), followed by Nicosia (€995 million).
Βασικά Συμπεράσματα
- Cyprus property sales rose 8% year-on-year in October 2026, with 1,772 contracts deposited.
- The 10-month total reached 16,741, up 13%, already 92% of the 2025 full-year figure.
- Limassol leads in sales volume, while Paphos is the fastest-growing district at +18%.
- Foreign buyers account for 42% of contracts, with non-EU demand up 19% year-on-year.
- Property prices rose 8.5% year-on-year, with apartments outpacing houses.
- Mortgage rates eased to 3.88%, and new housing loans rose to €135 million in September.