A market report released on 30 October 2025 by Landbank Analytics reveals that Cyprus recorded €360 million in building-plot and field transactions during the first half of this year. While the data speak mainly to property investors, the trend has direct implications for corporate relocation programmes and long-term assignees.
Plots accounted for €189.9 million across 794 sales, whereas 336 field transactions—often large parcels geared toward tourism or energy projects—totalled €170.5 million. Paphos registered the highest average field price at €846,700, reflecting strong demand for villa developments and hospitality ventures that cater to high-net-worth expatriates and digital nomads.
The surge underpins Cyprus’ ongoing appeal under its ‘fast-track permanent residency by real-estate investment’ route, which requires a €300,000 minimum outlay. Although the controversial citizenship-by-investment scheme was abolished in 2020, the residency pathway remains popular among non-EU professionals looking for a Mediterranean base with favourable personal-tax treatment.
Mobility managers should note that rising land values are pushing developers to accelerate new housing stock in Limassol and Larnaca—cities that host the island’s largest concentrations of multinational staff. Lease rates for furnished apartments have already climbed 6 percent year-to-date, a cost that should be factored into 2026 assignment budgets.
At policy level, the Interior Ministry is drafting amendments to tighten due-diligence checks on property-linked residence permits, following EU recommendations. Early movers are therefore advised to complete purchases before new compliance layers, such as enhanced source-of-funds documentation, come into force in mid-2026.
Plots accounted for €189.9 million across 794 sales, whereas 336 field transactions—often large parcels geared toward tourism or energy projects—totalled €170.5 million. Paphos registered the highest average field price at €846,700, reflecting strong demand for villa developments and hospitality ventures that cater to high-net-worth expatriates and digital nomads.
The surge underpins Cyprus’ ongoing appeal under its ‘fast-track permanent residency by real-estate investment’ route, which requires a €300,000 minimum outlay. Although the controversial citizenship-by-investment scheme was abolished in 2020, the residency pathway remains popular among non-EU professionals looking for a Mediterranean base with favourable personal-tax treatment.
Mobility managers should note that rising land values are pushing developers to accelerate new housing stock in Limassol and Larnaca—cities that host the island’s largest concentrations of multinational staff. Lease rates for furnished apartments have already climbed 6 percent year-to-date, a cost that should be factored into 2026 assignment budgets.
At policy level, the Interior Ministry is drafting amendments to tighten due-diligence checks on property-linked residence permits, following EU recommendations. Early movers are therefore advised to complete purchases before new compliance layers, such as enhanced source-of-funds documentation, come into force in mid-2026.
