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Cyprus property market in October 2023: 26.5% more deals

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In October 2023, buyers completed 1,738 property transactions, which is 26.5% more than in the same period in 2022 (1,373 transactions). Relative to September, the number of transactions increased by 9%.

Property transactions in Cyprus, October 2023
Property transactions in Cyprus, October 2023
Property for sale in Cyprus 6,538 listings on Tranio
New complex of villas with swimming pools near the beach, Larnaca, Cyprus for From 568,000 € From 568,000 €
New complex of villas with swimming pools near the beach, Larnaca, Cyprus

Completion in: 2023.IV Total of 61 apartments

Gated complex of villas and bungalows at 400 meters from beaches, Larnaca, Cyprus for From 540,000 € From 540,000 €
Gated complex of villas and bungalows at 400 meters from beaches, Larnaca, Cyprus

Built in 2023 Total of 9 apartments

New residence in the center of Larnaca, Cyprus for From 445,000 € From 445,000 €
New residence in the center of Larnaca, Cyprus

Total of 14 apartments

Gated complex of villas close to beaches, Larnaca, Cyprus for From 668,000 € From 668,000 €
Gated complex of villas close to beaches, Larnaca, Cyprus

Total of 8 apartments

New residence with a direct access to the beach, Larnaca, Cyprus for From 600,000 € From 600,000 €
New residence with a direct access to the beach, Larnaca, Cyprus

Completion in: 2024.IV Total of 15 apartments

New low-rise residence in the center of Larnaca, Cyprus for From 320,000 € From 320,000 €
New low-rise residence in the center of Larnaca, Cyprus

Completion in: 2025.III Total of 9 apartments

New residence with a swimming pool at 80 meters from the beach, Larnaca, Cyprus for From 675,000 € From 675,000 €
New residence with a swimming pool at 80 meters from the beach, Larnaca, Cyprus

Total of 27 apartments

Gated complex of villas with swimming pools near the beaches, Pyla, Cyprus for From 547,000 € From 547,000 €
Gated complex of villas with swimming pools near the beaches, Pyla, Cyprus

Total of 15 apartments

The value of property transactions in Cyprus in September totalled over 349 million euro, 37% more than in October 2022. The value of transactions increased by 5% compared to September 2023.

Total amount of property sales in Cyprus, October 2023
Total amount of property sales in Cyprus, October 2023

Limassol is a leader among the coastal regions of Cyprus by the value and number of deals as it has a quarter of transactions on the island. The average value of a property transaction in Limassol in September 2023 was estimated at 262,563 euro.

Total amount of property sales in Cyprus by region, October 2023
Total amount of property sales in Cyprus by region, October 2023

In Paphos, the number of deals increased by 40% compared to last month, with property transactions totalling 90 million euro. The region ranked second as the most popular coastal destination in Cyprus, ahead of Larnaca by 65%

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