Cyprus Property News

04/06/2026

Cyprus property market analysis: May 2026 sales data

As reported yesterday, property sales in Cyprus continued their upward trend in May 2026, extending the steady growth seen across the real estate market over the past year. According to the latest figures from the Department of Lands and Surveys, a total of 1,723 property sales contracts were deposited during May, representing a 5% increase compared with the same month last year....

Latest Cyprus property market data reveals growth in domestic and EU buyer activity during May 2026 confirmed by Department of Lands & Surveys

04/06/2026

The Rocks: €mega development planned in Pentakomo, Limassol

A major tourism and real estate development known as The Rocks has been proposed by DRL5COMOS PROPERTIES LTD in the community of Pentakomo, in the Limassol district. The company has submitted an Environmental Impact Assessment (EIA) to the Environmental Authority, with the proposed development currently undergoing a public consultation process. According to the project's master plan, The Rocks will comprise a mixed-use tourism development, with operations expected to commence in 2029....

04/06/2026

Unsafe buildings alert amid Limassol development growth

Limassol continues to experience a period of intense construction activity, with local authorities processing a record number of planning and building permit applications while also tackling the growing issue of unsafe buildings across the district. According to Socrates Metaxas, Director General of the Limassol District Local Government Organisation (DGLO), around 1,000 new applications for planning and building permits are being submitted every month, highlighting the strength of development activity throughout the district....

Limassol gets 1,000 planning applications/month as authorities target 40 dangerous buildings among 1,000 unsafe buildings identified to date.

03/06/2026

Cyprus property sales post strong double-digit growth in May

Cyprus' property market continued its upward momentum in May, with property sales rising by double digits despite weaker activity in two districts. Official figures released by the Department of Lands and Surveys show that 1,723 property sale contracts were deposited at Land Registry offices across the island during May 2026. This represents a 15% increase compared with the 1,644 contracts recorded in May 2025....

Cyprus property sales rose 15% in May 2026, with Paphos, Limassol and Larnaca driving strong market growth.

03/06/2026

Cypriot buyers shift to smaller apartments as prices rise

The dominance of new-build developments across Cyprus is reshaping buyer behaviour, with increasing numbers of local purchasers opting for smaller apartments in an effort to secure affordable housing. Industry figures argue that the market currently offers a wide range of available properties and reject claims of a widespread housing shortage. They also note that recent geopolitical tensions, despite causing an initial slowdown, have ultimately reinforced demand across the property sector....

01/06/2026

Cyprus property market records modest growth in Q1 2026

The latest RICS Cyprus Property Index with KPMG in Cyprus for the first quarter of 2026 shows the island's real estate market continuing on a path of modest but steady growth. The report tracks both property sale prices and rental values across all districts and major property sectors in Cyprus. Property prices recorded small increases across every asset class during the opening three months of the year....

Cyprus property prices and rents increased in Q1 2026, with apartments leading growth across the market boosted by tourist demand.

29/05/2026

Limassol building collapse sparks safety inquiries

The deadly collapse of an apartment building in Germasogeia has prompted a wave of safety concerns among property buyers and homeowners across Limassol, with local authorities reporting a sharp increase in inquiries about structural risks and building management responsibilities. The Limassol District Local Government Organisation (DLGO) said it has been inundated with calls since the April 11 tragedy, which claimed the lives of two people and reignited debate over the condition of ageing residential buildings in Cyprus....

Limassol building collapse prompts surge in property safety inquiries from buyers and homeowners across Cyprus.

29/05/2026

Rents in Cyprus soar beyond young couples’ salaries

The cost of renting in Cyprus continues to place intense pressure on households, with official figures showing that in some areas monthly rents now exceed the salaries of many young couples trying to build a future together. The latest data underlines the growing affordability crisis facing renters across the island, particularly younger people seeking to leave the family home. Rising housing costs also help explain why increasing numbers of adults in Cyprus continue living with their parents well into their thirties and even forties....

Cyprus rents continue to rise, with housing costs now exceeding many young couples' salaries according to March figures form Lands & Surveys.

27/05/2026

Property owners liable for unsafe buildings & consequences

Larnaca District Local Government Organisation (DLGO) has warned that owners of property in Cyprus bear sole responsibility for dangerous and unsafe buildings, underlining that public safety "cannot be compromised". In a statement, the authority urged all property owners, along with management committees of jointly-owned buildings where relevant, to safeguard the safety, upkeep and structural integrity of their properties. Owners called on to act without delay…...

DLGOs say property owners are responsible for dangerous buildings and public safety and face fines & prison sentences for non-compliance

26/05/2026

Cyprus housing prices surge despite record investment

The housing market in Cyprus is facing mounting strain, with property prices rising sharply even as investment in residential development reaches record levels, according to a new study by Eurostat. The report, Housing in Europe – 2025 edition, paints a picture of a market under pressure: rising costs, declining home ownership, and growing financial strain on households. Despite a construction boom and more than 10,000 building permits issued annually, affordability remains a persistent concern....

Cyprus housing prices soar despite record investment, raising affordability concerns for households, new Eurostat data shows.