Every few months a new headline declares that Cyprus property is either booming or about to cool. As a developer, we prefer to look at the official figures, and the 2026 data tell a fairly clear story.

Prices are still rising, led by apartments

According to the Central Bank of Cyprus Residential Property Price Index, residential prices rose by around 7.5% year-on-year in the first quarter of 2026. Apartments did most of the work, up roughly 10.8%, while houses rose a more modest 3%. Larnaca and Limassol apartments were the strongest performers, each up more than 10%.

More people are buying

The Department of Lands and Surveys recorded a 13.8% rise in sales contracts over the same period. Purchases by foreign buyers grew faster than any other group, up more than 22%, while local demand also rose by around 8%.

Rental returns

Gross rental yields are healthiest in Limassol, at around 6%, followed by Nicosia at 5% and Larnaca and Paphos at about 4%. Apartments typically return more than houses, which is worth keeping in mind if rental income is part of your plan.

What drives the market

Three things keep demand steady: international buyers and companies relocating to the island, a limited supply of new, well-built homes in good locations, and the long-term appeal of living in an EU country with a Mediterranean climate.

Our view

Rising prices are not a reason to rush, and they are not a guarantee. What protects value over time is the same as it has always been: the right location, a well-planned home and a developer who delivers what was promised. That is the standard we hold ourselves to on every Oramira project.

Sources: Central Bank of Cyprus, Residential Property Price Index Q1 2026; Department of Lands and Surveys; Cyprus Realty Center.