Cyprus’ new housing market has made an impressive start to 2025, with significant increases in both sales volume and value during the first quarter. According to the latest analysis by Landbank Analytics, which monitors Contracts of Sale submitted to the Department of Lands and Surveys, the surge reflects strong demand for off-plan and under-construction residential properties.
Between January and March, a total of 1,368 sale contracts were filed for new homes (apartments and houses), marking a 24.8% year-on-year increase. The total value of these transactions surged by 30.8%, reaching €391 million, up from €299 million during the same period in 2024.
Rapid Growth Across the Board
New apartment sales hit 1,109 units, up 22.7%, with a combined value of €272 million—a…
