Market momentum remains strong despite slower growth in May
A recent Cyprus Mail report shows that Cyprus’ property market continued its upward trajectory in the first five months of 2026, with sales rising 11.9% year‑on‑year, despite a noticeable slowdown in May.
According to the article, 8,043 sales documents were filed between January and May 2026, significantly higher than both 2025 and pre‑pandemic levels. As Cyprus Mail notes, this figure is “66 per cent higher than in the same period of 2019,” highlighting the market’s long‑term strength.
District‑by‑District Performance
Limassol
Limassol remained the country’s largest and most active market:
- 2,537 sales in Jan–May 2026
- 11.2% annual increase
- 43.5% higher than pre‑pandemic levels
Nicosia
The capital recorded steady growth:
- 1,749 sales, up from 1,655 in 2025
- More than double the 2019 level
Larnaca
One of the strongest long‑term performers:
- 1,747 sales, a 12.4% annual increase
- A remarkable 160.7% rise compared with 2019
- The largest percentage increase of any district over seven years
Paphos
Paphos delivered the highest annual growth of all districts:
- 19% increase year‑on‑year
- Sales up to 1,631 from 1,371 in 2025
Famagusta
Also recorded healthy growth:
- 17% annual increase
- Sales remain 15.2% above 2019 levels
May 2026: Growth Slows but Remains Positive
In May alone, property sales rose 4.8%, but performance varied by district.
- Paphos led the month with a 24% increase
- Larnaca followed with 14% growth
- Limassol saw a modest 2% rise
- Nicosia and Famagusta recorded declines of 12% and 8%, respectively
Despite the mixed monthly picture, Cyprus Mail emphasises that the market remains firmly above pre‑pandemic levels and continues to show “strong momentum across most districts.”
Read the Full Article on Cyprus Mail
For the complete report, visit: https://cyprus-mail.com/2026/06/03/cyprus-property-sales-keep-rising-despite-slower-may-growth
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