Cyprus property market holds steady at €4.73 billion in 2025
Property transfers across Cyprus remained broadly flat last year at 21,387, while the total value of transactions rose about 10 per cent, a conference in Nicosia heard.
Cyprus recorded 21,387 property transfers in 2025, broadly unchanged from the previous year, while the total value of transactions climbed by around 10 per cent to €4.73 billion, according to figures presented at this year's Cyprus Property Show, as reported by Cyprus Mail.
The conference, held under the title "The present and future of property in Cyprus", brought together government officials and representatives of the property, construction, engineering and investment sectors to assess the market and set out its priorities.
Interior Minister Konstantinos Ioannou, in a speech read by Interior Ministry director-general Elikkos Elia, said the sector extends well beyond construction and sales, tying it to the economy, investment, urban and rural development and quality of life. "The future of the property market is directly linked to housing policy," he said, adding that housing is a major government priority and that local plans for the main urban areas and the Policy Statement are being revised to create a more modern and flexible development framework.
Engineers used the event to flag the condition of older buildings. The president of the Scientific and Technical Chamber (Etek), Konstantinos Konstantis, warned that without action the roughly 5,000 buildings currently classed as dangerous could rise above 15,000 within five years, and called for regular structural checks along the lines of an MOT system for buildings.
Developers and estate agents set out their own demands. The Cyprus Association of Large Investment Projects pushed for faster licensing of strategic investments, a stable tax and planning framework, modern infrastructure, competitive energy costs and access to specialised workers. The Cyprus Real Estate Agents Association (Skek) said geopolitical turbulence in the region, international uncertainty and higher construction costs continue to weigh on the sector, and stressed the role of professional agents in guiding buyers through one of the biggest financial decisions of their lives.
What it means for residents
A market that holds steady in volume while values rise means prices are still climbing faster than activity — relevant whether you are buying, selling, renting or staying put. The planning revisions now under way will shape what can be built where for years to come, so anyone with land or a pending permit has a reason to follow them closely.
- Watch the local plans. Revisions to the plans for the main urban centres and the Policy Statement may change what you can build or extend, so check the drafts for your area rather than relying on the old rules.
- Think about building safety. If you own or rent in an older block, an inspection system would eventually shift repair costs toward owners, but it also gives you a way to demand that structural problems are actually addressed.
- Budget for costs. Developers point to construction and energy costs that are not falling. If you are planning work or a purchase, add a margin rather than assuming yesterday's prices.
This text is written from the source article and is not a translation of it.
