Cyprus’ property market delivered an unexpected strong showing in March, defying concerns that regional conflict would drag demand down.
With war tensions running high in the region, many expected a slowdown, especially from foreign buyers. Instead, the market held steady, largely thanks to strong local demand, offering a dose of cautious optimism for the months ahead.
A total of 1,719 property sales were recorded across Cyprus in March, up 10.3% from 1,559 sales in the same month last year. Even more telling, new sale contracts, an indicator of future activity, jumped 18%, reaching 1,761 compared to 1,491 a year earlier.
The total value of transactions also edged higher, reversing a dip seen in February. Property deals in March were valued at €414.7 million, up about 3% from €402.6 million in March 2025.
Nicosia led in volume, recording 551 sales, up 13.6% year-on-year. But while more properties changed hands, the total value of transactions fell by 8.7%. Limassol followed a similar trend. Sales rose by 14.6% to 433, but total transaction value dropped by 10.2%. Larnaca saw sales grow 14.4% to 382, and transaction values rose by 14.1%.