Developments in Limassol and Larnaca were the primary driver behind this surge. According to the land department, property sales nationwide rose to 1,371 in February 2025, up from 1,284 in the same month last year. Over the January-February period, transactions increased by 13 per cent, with 2,646 sales documents filed compared to 2,340 in the corresponding period of 2024.

Limassol maintained its lead, recording a 3 per cent increase with 389 sales in February this year, up from 378 last year. In the first two months, Limassol’s transactions surged by 18 per cent, with 818 sales documents filed compared to 693 in the same period of 2024.

Larnaca experienced the most significant growth, with sales jumping 36 per cent to 335 in February 2025, up from 247 in the previous year. It also saw a 29 per cent increase in the first two months, with 594 sales documents filed compared to 462 last year.

Nicosia showed consistent strength in terms of its property market, with a 13 per cent increase both in February and over the first two months, reaching 315 and 591 sales respectively.

However, Paphos saw a decline, with sales decreasing by 10 per cent to 280 in February 2025, down from 310 the previous year. Over the first two months, sales dropped by 3 per cent to 535 from 552.

Famagusta faced the steepest decline, with property sales in February falling by 25 per cent to 52, compared to 69 last year. The first two months remained nearly flat at 108 sales.

Source: Cyprus Mail