Cyprus’s real estate market continued to grow rapidly in the summer of 2026: from January through July, 12,047 real estate purchase and sale agreements were filed with the country’s land registries, a 14% increase compared to the same period last year.
In July, approximately 2,040 contracts were registered, which is about 11% higher than the figure for July 2025. Thus, July became one of the busiest months for the Cypriot real estate market this year. The data is based on statistics from the Department of Land and Geodesy of the Republic of Cyprus.
Demand from foreign buyers continues to play a significant role in the market’s growth.
In July, Cypriot citizens concluded 1,211 transactions, which is 12% more than a year earlier. They accounted for about 59% of the market. Another 829 contracts, or approximately 41%, were concluded by foreign buyers.
Of these, buyers from European Union countries concluded 277 contracts, compared to 274 in July of last year—an increase of just 1%.
Demand from citizens of non-EU countries grew much faster. They concluded 552 transactions, compared to 478 a year earlier—a 15% increase. Thus, more than two-thirds of all July purchases by foreigners were made by citizens of third countries.
In the first seven months of 2026, sales to buyers from countries outside the EU increased by 19% year-over-year, with growth recorded in all five administrative districts under the control of the Republic of Cyprus.
Limassol, Paphos, and Larnaca attract the most foreigners
The geographic distribution of demand among local and foreign buyers differs significantly. Among Cypriots, sales in Limassol grew particularly rapidly—in July, they increased by 39%, to 445 transactions. In Paphos, growth stood at 29%, while domestic demand declined in Larnaca and Famagusta.
Foreign demand is particularly noticeable in coastal areas. In July, non-EU citizens signed 150 contracts in Larnaca, a 42% increase from the previous year. Paphos traditionally remains one of the island’s most foreigner-oriented markets, while Limassol is the largest market for high-end real estate and corporate relocation.
From January through July, foreigners from the EU and third countries together accounted for approximately 41% of all real estate sales in Cyprus.
The Land Registry’s preliminary statistics do not break down the nationalities of foreign buyers by country. However, the Cypriot Ministry of the Interior has previously provided more detailed data on nationalities to Parliament.
According to government statistics for the period from September 2024 to September 2025, the composition of foreign buyers varies significantly by region.
In Limassol, Russian citizens led the way among foreign buyers with 846 purchases, followed by Israelis with 571 and Greek citizens with 261.
In Paphos, British citizens constituted the largest group—890 purchases—followed by Israelis—683—and Russians—327.
In Larnaca, Israeli citizens were particularly active buyers—850 properties—followed by Lebanese—723—and British—302.
In Nicosia, Greek citizens led the way with 403 purchases, followed by Romanian citizens with 112, Russian citizens with 80, and Lebanese citizens with 79. The Ministry of the Interior submitted this data to the Cypriot Parliament, and it was subsequently published by the Cyprus Mail.
Ukrainian citizens are also among the active buyers of Cypriot real estate, although they do not yet rank among the top three groups.
The most detailed breakdown by country, provided by the Cypriot Ministry of the Interior to Parliament in January 2025, covered transactions from 2021 through early 2025.
According to these data, Ukrainians were among the top ten most common nationalities of buyers in four coastal districts—Limassol, Paphos, Larnaca, and Famagusta. In Limassol and Paphos, they were preceded by Russians, British, Israelis, Greeks, Romanians, and Chinese.
As for Nicosia, there is separate data on applications by foreign citizens to purchase real estate in 2024. Ukrainians accounted for 4% of these applications, the same percentage as British citizens. Chinese and Lebanese nationals each accounted for 16%, Russians for 14%, Israelis for 10%, Syrians for 6%, and Egyptians for 5%.
However, it is currently impossible to accurately calculate the number of purchases made specifically by Ukrainians between January and July 2026: the DLS’s monthly public statistics group Ukraine together with all other countries outside the EU.
The Cabinet of Ministers of Ukraine has decided to privatize the Odessa Port Plant (OPP), Prime Minister Yulia Sviridenko announced.
“Today, we made a decision to privatize the Odessa Port Plant. The state-owned stake will be put up for an open electronic auction with a starting price of UAH 4.5 billion,” Sviridenko wrote on Telegram following Tuesday’s government meeting.
According to her, OPP is one of the largest chemical complexes in Ukraine, which before the war produced ammonia and urea and exported fertilizers, but since 2022, its main production has been shut down.
“The plant was operating partially, providing oxygen and nitrogen for critical needs and serving as a port hub. The enterprise must resume full-scale operations. This is only possible by attracting private owners and investments. The sale of OPZ will fill the budget, create new jobs, and provide Ukrainian farmers with access to domestic fertilizers,” the prime minister emphasized.
As reported by Taras Melnychuk, representative of the Cabinet of Ministers in the Verkhovna Rada, on Telegram, the terms of sale of the state’s 99.5667% stake in the authorized capital of Odesa Port Plant JSC at an electronic auction have been approved, which, in particular, provide for: the preservation of the company’s main activities; making investments in the form of capital investments for technical re-equipment and modernization (including energy modernization) of production in the total amount of at least UAH 500 million; repayment within twelve months from the date of transfer.
The National Bank of Ukraine (NBU) increased sales of foreign currency on the interbank market last week by $98.4 million, or 18%, to $643.6 million, according to the regulator’s statistics on its website.
According to the statistics, the central bank has not bought any foreign currency over the past two weeks.
Last week, the National Bank bought the most foreign currency since the beginning of March, but it is still less than in February this year and roughly equal to the amount of foreign currency purchased in the same week in March last year.
Data released by the regulator during this time show that the negative balance between the volume of foreign currency purchases by households and the volume of foreign currency sales narrowed last week from $26.89 million on Monday to $20.24 on Thursday.
The official hryvnia exchange rate weakened by 2 kopecks to 41.5277 UAH/$1 over the week.
The same was the case on the cash market, with a narrow spread of 41.46-41.56 UAH/$1.
‘Since the beginning of March, the Ukrainian foreign exchange market has undergone significant changes in the dynamics of the dollar. While in February the dollar was gradually strengthening, in early March it began to decline, followed by a gradual recovery after 10 March,’ analysts of the currency exchange market operator KYT Group commented on the market situation in their March review.
According to them, the Ukrainian cash FX market was affected by a decline in demand for the dollar following a large-scale import of cash currency in February: according to the NBU, $1.316 billion in cash dollars and the equivalent of $450 million in euros were imported into Ukraine.
The NBU’s interventions help to smooth out exchange rate volatility and maintain a controlled situation on the market, but the increase in budget spending in March traditionally creates additional demand for foreign currency, which may affect the correction of the hryvnia exchange rate, KYT Group experts added. They expect that in the short term, over the next 1-3 weeks, the dollar is likely to remain in the range of UAH 41.30-42.30/$1.
As reported, the NBU’s net interventions in February fell to $3bn from $3.75bn in January.
In February 2025, Ukrainians’ purchases of foreign currency exceeded sales by $0.95bn, which is also down from $1.48bn in January this year.
Ukraine’s international reserves as of 1 March 2025, according to preliminary data, amounted to $40.15 billion, which is 6.7%, or $2.86 billion, less than a month ago.
The Cabinet of Ministers has set the average annual rate of the official hryvnia/US dollar exchange rate in the 2025 state budget at 45 UAH/$1.
https://interfax.com.ua/news/economic/1058312.html
The State Enterprise “SETAM” (Ministry of Justice of Ukraine) has sold property worth over UAH 22 billion at the OpenMarket electronic auction. Since 2014, more than 83 thousand successful auctions have been held.
Due to competition at the auctions, sellers received an additional UAH 2.3 billion. The average price increase for sold lots is 11.8%.
The auction user base is the largest in Ukraine. Today it includes more than 101 thousand participants, and new ones are added every day. Most lots (68.5% of the total) were sold at online auctions by the State Enforcement Service and private executors.
Among the categories of property sold, most of them were real estate, vehicles and other property.
“Step by step, we are improving the auction and seeing the results of cooperation with both public and private enforcement officers and partners in the area of voluntary sale. Since the beginning of this year alone, we have already managed to sell rights of claim under the agreements of individual borrowers for UAH 13.1 million, premises in Kyiv for UAH 25.2 million, a complex of buildings and premises in Lviv region for UAH 22.6 million, and many other expensive properties. We would like to thank our buyers for their trust in our electronic auction. We will continue to work,” said Oleksandr Mamro, CEO of SE SETAM.
We remind you that SE “SETAM” works in the following areas:
– Sale of seized property by public and private executors, as well as property confiscated by court decisions;
– Sale of bank assets and claims;
– Holding auctions for the sale of property at the request of individuals and legal entities (voluntary sale);
– Holding auctions for lease of property;
– Sale of rights to enter into financial leasing agreements.
The most expensive lots sold for all time:
Building No. 4 and land plot in Kyiv.
Sale price: UAH 563,710,000.
Seller: JSB “UKRGASBANK”.
Link to the auction: setam.net.ua/auction/332803
The building of a hotel, office and retail and office complex in Kyiv.
Sale price: UAH 334,925,314.
Seller: JSC Ukreximbank.
Link to the bidding process: setam.net.ua/auction/484723
Two land plots in Kyiv region.
Sale price: UAH 308,523,316.
The seller: Oschadbank JSC.
Link to the auction: setam.net.ua/auction/466893
The OpenMarket auction (SE SETAM of the Ministry of Justice of Ukraine) is a simple and effective means of selling and purchasing property via the Internet. The online auction has been operating throughout Ukraine since 2014. The total amount of sales since its launch is UAH 22 billion.
State-owned PrivatBank (Kyiv) offers professional market participants through the OpenMarket platform (SE SETAM) to purchase at a Dutch auction (with a price reduction) the rights to claim a loan portfolio of more than 80 thousand consumer loans at a starting price of UAH 501.4 million.
“This portfolio includes more than 80 thousand unsecured consumer loans granted to individuals, which were recognized as uncollectible and written off against provisions. The portfolio for sale excludes loans for which the debtors are mobilized servicemen – according to information available to PrivatBank,” the press service of the state bank informs.
It is noted that the rights of claim on such a portfolio include only the loan principal and accrued interest.
The sale will be carried out by gradually reducing the starting price of the lot, while the minimum selling price, according to the published terms, is 2.1% of the initial price – UAH 10.53 million.
According to the state bank, only financial institutions that have a valid license to lend money or provide factoring services and meet the bank’s requirements will be allowed to participate in the auction. Applications for participation can be submitted until February 2, and the auction itself will take place on the 23rd of the same month.
According to the National Bank of Ukraine, as of November 1, 2023, PrivatBank ranked 1st in terms of assets (UAH 804.14 billion) among 63 banks operating in the country, and 2nd in terms of the number of branches (1131).
Budgets on the results of more than 5 thousand successful auctions for the sale and lease of land in the system Prozorro.Sales received 1.43 billion UAH, the press service of the JSC “Prozorro.Sales” reported on Facebook on Wednesday.
“Land auctions held in the system Prozorro.Sales, replenished the budgets of different levels for 1.43 billion UAH”, – stated in the release.
It is indicated that 7,971 participants were able to compete in these auctions.
Currently, 778 more auctions are at the stage of concluding transactions. On average, three participants compete for one land lot.
According to “Prozorro.Sales”, the average price growth for completed land auctions is 78.8%.
The leaders in the number of announced land auctions are Kyiv, Odesa, Cherkasy, Lviv and Zakarpattya regions.
As of July 26, 2023 in the system Prozorro.Sales announced more than 1.4 thousand land auctions, which are at the stage of accepting applications for participation.
As reported, from January 1, 2024 in Ukraine will start the second stage of opening the land market, when land will be able to buy legal entities registered in Ukraine. No more than 10,000 hectares of agricultural land will be available for purchase.
