An official publication by Eurostat and the Statistical Service of Cyprus (CYSTAT) reveals that the Cypriot economy grew by 3.3% in the second quarter of 2026 — more than three times the Eurozone average.
While the Eurozone recorded annual GDP growth of just 1.0% and the EU as a whole grew by 1.2%, Cyprus continues to lead the European economic growth table.
On a quarterly basis, Cyprus also stands out with 0.8% QoQ growth, compared to 0.4% in the Eurozone and 0.5% in the EU.
This performance is particularly notable when compared to the United States, which posted annual growth of 2.1% — well below the Cypriot expansion rate.
This represents an acceleration compared to Q1 2026 (when Cyprus grew by 3.0%) and continues a strong streak of economic expansion: 4.2% in Q4 2025 and 3.5% in Q3 2025.
Primary Key Growth Drivers
Wholesale & Retail Trade
Information & Communication Technology (ICT)
Financial & Insurance Services
Construction & Real Estate
These figures highlight the resilience of the Cypriot economy amidst global challenges and regional uncertainties, establishing Cyprus as one of Europe's fastest-growing economies.
Cyprus Real Estate Market Review – July 2026
In July 2026, 2,040 sales contracts were officially deposited with the Department of Lands and Surveys, compared to 1,832 in July 2025 — representing an addition of 208 contracts and an 11.4% year-on-year increase.
District-by-District Sales Breakdown
Limassol: 695 sales contracts vs. 579 in July 2025 — an increase of 116 contracts (+20.0%).
Paphos: 395 sales contracts vs. 342 in July 2025 — an increase of 53 contracts (+15.5%).
Larnaca: 436 sales contracts vs. 395 in July 2025 — an increase of 41 contracts (+10.4%).
Nicosia: 423 sales contracts vs. 422 in July 2025 — an increase of 1 contract (+0.2%).
Free Famagusta: 91 sales contracts vs. 94 in July 2025 — a decrease of 3 contracts (-3.2%).
Demographic Breakdown: Foreign Buyers vs. Domestic Demand
In July 2026, 277 properties were registered under deposited sales contracts by EU citizens (excluding Cypriots), compared to 274 in July 2025 — an increase of 3 properties (+1.1%).
A total of 552 properties were registered under contracts by non-EU citizens, compared to 478 in July 2025 — an increase of 74 properties (+15.5%).
Overall, the total number of properties purchased by foreign buyers reached 829, up from 752 in July 2025 — an increase of 77 properties (+10.2%).
The calculated balance attributed to domestic Cypriot buyers was 1,211 properties, compared to 1,080 in July 2025 — an increase of 131 properties (+12.1%).
Note: The domestic figure represents a calculated difference between total sales contracts and foreign buyer properties, rather than unique individual buyer counts.
The number of registered foreign buyers in sales contracts in July 2026 reached 1,062, compared to 869 in July 2025 — an increase of 193 buyers (+22.2%). Out of these foreign buyers in July 2026:
315 were EU citizens.
747 were non-EU citizens.
(An official breakdown by specific country of citizenship was not published in a manner isolating July 2026 alone).
Completed Property Ownership Transfers Data
(Note: Ownership transfer data represents completed title transactions and is separate from newly deposited sales contracts).
Completed Sale Cases: 1,938 in July 2026 vs. 1,878 in July 2025 — an increase of 60 cases (+3.2%).
Transferred Properties: 2,188 in July 2026 vs. 2,085 in July 2025 — an increase of 103 properties (+4.9%).
Total Declared Value: €467.68 million in July 2026 vs. €448.95 million in July 2025 — an increase of €18.73 million (+4.2%).
Total Accepted Value (for fee calculation): €505.76 million in July 2026 vs. €479.72 million in July 2025 — an increase of €26.04 million (+5.4%).
Valuation & Averages Breakdown
Average Declared Value per Sale Case: ~€241,322 in July 2026 vs. ~€239,060 in July 2025 (+€2,262 / +0.9%).
Average Declared Value per Transferred Property: ~€213,749 in July 2026 vs. ~€215,326 in July 2025 (-€1,577 / -0.7%).
Average Accepted Value (for fees) per Sale Case: ~€260,970 in July 2026 vs. ~€255,440 in July 2025 (+€5,529 / +2.2%).
Average Accepted Value (for fees) per Transferred Property: ~€231,151 in July 2026 vs. ~€230,080 in July 2025 (+€1,071 / +0.5%).
Note: The median transaction price for July 2026 was not officially published and cannot be mathematically derived from monthly aggregate data.