Foreign Demand Is Backing Cyprus New-Builds: What the Latest Buyer Statistics Show

The Cyprus property market is once again flashing an important signal for investors: foreign demand remains resilient and continues to concentrate in clear, liquid segments. According to a Cyprus Mail report, in 2025 Russian buyers accounted for 51% of all foreign purchases of residential property on the island. And their interest is focused not on random properties, but on new-builds priced from €500 thousand to €1,5 million in Limassol, Larnaca and Paphos.

Where Demand Is Concentrating Now

The latest publication shows that foreign buyers choose, above all, new properties in cities with sustained international demand. Limassol retains its status as the business hub and the main entry point for capital, Larnaca is gaining weight on the back of infrastructure growth, and Paphos remains a well-understood location for buyers oriented towards lifestyle and rentals.

For the market, this is a good sign: when demand concentrates in strong locations, quality properties better retain their liquidity and resale potential. For an investor, it means the market still rewards not simply buying “anything in Cyprus”, but a well-judged choice of area, format and developer. It also reduces the chance of a misstep at entry when the investor picks a project that already shows strong demand at the start of sales.

Why New-Builds Are in Focus

It is also telling that demand is flowing specifically into the new-build segment. This reflects product quality, the clear legal structure of the transaction, and the fact that Cyprus’s permanent residency programme remains tied to the purchase of a new property from €300 thousand.

In practice, this supports the development market and makes new projects especially visible to external capital. When a foreign buyer chooses between older stock and a new property, the new-build usually wins on transparency, energy efficiency and stronger rental positioning.

Takeaway for Investors

The main takeaway is simple: Cyprus continues to attract external demand, and the money is concentrating in new-builds in strong cities. For investors, that is a signal to look at projects in Limassol, Larnaca and Paphos, where international interest is already proven. In this phase of the market, the best performers are properties with a clear legal structure, a good location and rental or resale potential.

*Source: Cyprus Mail*