Foreign buyers accounted for 66 per cent of property buyers in Paphos district in the second quarter of 2026, as residential property prices across Cyprus rose 8.5 per cent year on year. The figures come from the Central Bank of Cyprus’s Residential Property Price Index, published on Thursday.
The annual price rise was faster than the 7.5 per cent recorded in the first quarter. Foreign buyers were behind most of the growth in sales, as contracts of sale for all types of property rose 15.4 per cent to 5,298, from 4,592 a year earlier.
Sales to foreign buyers rose 22.7 per cent to 2,107, from 1,717, outpacing an 11 per cent rise among domestic buyers to 3,191, from 2,875.
In Famagusta, the split between domestic and foreign buyers was broadly even. Domestic buyers made up 84 per cent of buyers in Nicosia, 66 per cent in Limassol and 57 per cent in Larnaca.
Limassol recorded the most transactions at 1,765, followed by Larnaca at 1,169, Nicosia at 1,076 and Paphos at 1,073. Famagusta had the fewest, at 215.
Prices by district
Annual price growth picked up in every district except Limassol, where it slowed to 7.8 per cent. Famagusta recorded the fastest rise, at 10 per cent, followed by Larnaca at 9.8 per cent, Paphos at 9.6 per cent and Nicosia at 5.7 per cent.
Quarter on quarter, overall prices rose 2.4 per cent, compared with 2.3 per cent in the first quarter. Prices of houses rose 2.5 per cent, faster than in the previous quarter, while the rise in prices of flats slowed to 1.3 per cent.
Outlook
An indicator of expected selling prices from a June 2026 European Commission survey was much higher than a year earlier. According to the report, this suggests a larger share of participants expect property prices in Cyprus to rise over the next three months.
Demand for mortgages is also expected to increase, while construction material costs and the supply of new homes are expected to keep rising, according to the report.
