Recent government data supports the idea that foreign investment in real estate is steadily increasing, with some suggesting it’s contributing to rising property prices—particularly in areas like Limassol. Prominent among the foreign buyers are nationals from Greece, Russia, the UK, Israel, and China.

The information was provided to Volt MP Alexandra Attalides in response to a question she posed to the interior minister in November of the previous year. She had requested a clear breakdown of property transactions based on buyers’ nationalities.

On January 9, 2025, the minister responded with a table detailing, by district, the total number of properties owned by nationality, the number of sale contracts, and actual ownership figures.

The data, held by the Department of Lands and Suveys, covers the period from 2021 to the present time – meaning January 2025. It lists the top ten nationalities, including Cypriots.

Cypriots top the list as property holders in every district – no surprise there.

In Nicosia, making it into the top ten are Greeks, Brits, Australians, Romanians, Americans, Bulgarians, Lebanese, Russians and Chinese.

In Limassol, the most common buyers after the Cypriots are Russians, Brits, Israelis, Greeks, Romanians, Chinese, Ukrainians, Germans and Americans.

Next in Paphos: Russians, Brits, Israelis, Greeks, Romanians, Chinese, Ukrainians, Germans and Americans.

In Larnaca: Russians, Brits, Israelis, Greeks, Romanians, Chinese, Ukrainians, Germans and Americans.

And lastly in Famagusta: Russians, Brits, Israelis, Greeks, Romanians, Chinese, Ukrainians, Germans and Americans.

The table makes for some interesting reading; it’s also notable that this may be the first time – according to an expert we spoke to – that such data by nationality has been made public.