NAC Weekly No. 23: Cyprus Logs 2,040 Property Sales in July, Its Best Month of the Year
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NAC Weekly No. 23: Cyprus Logs 2,040 Property Sales in July, Its Best Month of the Year

Cyprus logs 2,040 property sales in July, its best month of 2026, as the dong hits a record 25,463 per dollar and the US sheds 23,000 jobs. Five stories.

Cyprus logged 2,040 property sales in July, up 11% on a year earlier and the best month of the year. At home, Vietnam's central rate closed the week at a record 25,463 dong per dollar, up 125 dong, just as US jobs data turned unexpectedly weak. London house prices are down 1.3% on a year ago, and Greece trimmed its golden visa queue by 7.3%.

Market pulse, week of 3–9/8/2026

VND central rate25,463 per USD▲ 125 dong in a weekRecord, set 8 Aug
US payrolls, July−23,000▼ May and June cut by 103,000BLS, 7 Aug
Fed funds rate3.50–3.75%● held on 29 JulThree officials wanted a hike
Cyprus property contracts, July2,040▲ 11% year on yearBest month of 2026
London house prices£533,930▼ 1.3% year on yearLloyds, July
Greek golden visa files pending33,051▼ 7.3% in two monthsEnd of May data

Source: State Bank of Vietnam via Thoi bao Tai chinh Viet Nam (8 Aug) and VnExpress (28 Jul, 5 Aug); BLS (7 Aug); Fed (29 Jul); Cyprus Mail (4 Aug); Lloyds via AJ Bell (7 Aug); Movingto via Stacker (6 Aug)

Signals this week

Prices and dealsMoney and ratesRules and process
🇻🇳 VietnamPrices and deals—Money and ratesCentral rate at a record 25,463Rules and process—
🇺🇸 USAPrices and deals—Money and rates23,000 jobs lost, DXY at 7-week lowRules and process—
🇨🇾 CyprusPrices and dealsJuly contracts up 11%Money and rates—Rules and process—
🇬🇧 UKPrices and dealsLondon prices down 1.3% in a yearMoney and ratesMortgage rates edging upRules and process—
🇬🇷 GreecePrices and deals—Money and rates—Rules and processPending files down 7.3% in two months
▲rising▼falling●steady / watch

Source: NAC, compiled from the sources in this issue

🇨🇾 Cyprus · July brings 2,040 property sales, the best month of the year

Limassol Marina, Cyprus+11%

Cyprus property sale contracts in July 2026 versus a year earlier, reaching 2,040, the first month above 2,000 this yearDepartment of Lands and Surveys, via Cyprus Mail 4 AugPhoto: A.Savin, Wikimedia Commons, Free Art License

Department of Lands and Surveys data, reported by Cyprus Mail on 4 August, show 2,040 sale contracts in July, up 11% from 1,832 a year earlier. Limassol rose 20% to 695 contracts and Paphos 15% to 395. Over seven months the island logged 12,047 contracts, up 14%. The Central Bank of Cyprus put first-quarter house price growth at 7.5% year on year.

For Vietnamese investors: Limassol and Paphos are both NAC markets. Per NAC's listing data, Pearl Park in Paphos starts at €230,000 with handover expected in Q4 2026, and Limassol Blu Marine costs €748,000, is ready to move in and has an estimated gross yield of 6.5% (NAC estimate). Residence terms are in NAC's Cyprus programme guide.

🇻🇳 Vietnam · The dong's central rate hits a record 25,463 per dollar

The State Bank of Vietnam headquarters, Hanoi+125 dong

weekly rise in the State Bank's central rate, closing at a record 25,463 dong per dollarState Bank of Vietnam, via Thoi bao Tai chinh 8 AugPhoto: Vuong Tri Binh, Wikimedia Commons, CC BY-SA 4.0

The State Bank of Vietnam closed the week with its central rate at 25,463 dong per dollar, 125 dong higher than a week earlier, Thoi bao Tai chinh Viet Nam reported on 8 August. On 5 August it stood at 25,405, about 2% above its level two months earlier, according to VnExpress. The previous record of 25,298, set in late August 2025, fell only on 28 July. Even so, Vietcombank's dollar selling rate on 8 August eased 80 dong to 26,410.

For Vietnamese investors: banks price the dollar within 5% of the central rate, so the ceiling has moved up to about 26,736 dong. MB Securities expects 26,800–27,000 by year end. Families paying for property abroad can convert in stages that follow the payment schedule rather than all at once.

🇺🇸 United States · The economy unexpectedly sheds 23,000 jobs

The US Department of Labor headquarters, Washington−23,000

US nonfarm payrolls in July; May and June were revised down by a combined 103,000BLS, 7 AugPhoto: US Department of Labor, Wikimedia Commons, CC BY 2.0

On 7 August the Bureau of Labor Statistics reported that the US lost 23,000 jobs in July, with unemployment at 4.1%. June's gain was revised down to 20,000 from 57,000. Hourly pay rose 3.2% on a year earlier. A week before, on 29 July, the Fed held its target range at 3.50–3.75%, with three dissenters who wanted a quarter-point hike.

For Vietnamese investors: after the report the dollar index fell to 99.6, a seven-week low. Weak data eases the pressure to raise rates, but the Fed remains split. Families planning a mortgage in dollar-linked markets such as Dubai or Panama should not count on cheaper loans this year.

🇬🇧 United Kingdom · London house prices fall 1.3% in a year

London seen from Primrose Hill−1.3%

average London house price over the year, down to £533,930, the weakest region in the UKLloyds, via AJ Bell 7 AugPhoto: Duncan from Nottingham, Wikimedia Commons, CC BY 2.0

The Lloyds house price index, reported by AJ Bell on 7 August, shows the average UK home flat in July at £299,253. Annual growth slowed to 0.1%, the weakest since November 2023. London fell 1.3% and the South East 2%, while Northern Ireland rose 7.4%. Amanda Bryden, head of mortgages at Lloyds, said mortgage rates have edged higher again.

For Vietnamese investors: a flat London market gives buyers time to choose and to negotiate. Per NAC's listing data, Oval Village starts at £685,000 with an estimated gross yield of 5.5% (NAC estimate) and handover due in 2028, while London Dock starts at £790,000 at an estimated 4.7%.

🇬🇷 Greece · Golden visa backlog shrinks 7.3%

Athens seen from the Acropolis towards Lycabettus Hill−7.3%

Greek golden visa files pending over two months, down to 33,051 at the end of MayGreek Migration Ministry, via Stacker 6 AugPhoto: Jakub Hałun, Wikimedia Commons, CC BY 4.0

The Greek Ministry of Migration and Asylum's May report, analysed by Movingto and published by Stacker on 6 August, shows pending files falling from 35,669 at the end of March to 33,051 at the end of May. About 72% are family members' files; principal investors account for 9,210. From March to May the ministry issued 2,987 investor decisions.

For Vietnamese investors: the queue is shorter but still long, so a file should be complete from day one. The property threshold is €800,000 in Attica (including Athens), Thessaloniki, Mykonos, Santorini and islands of more than 3,100 residents, and €400,000 elsewhere. The €250,000 route covers only conversions and restorations of listed buildings. Details are in NAC's Greece golden visa programme guide.

Next week

Mon10/8Reserve Bank of Australia board meeting begins
Tue11/8RBA interest rate decision
Wed12/8US July CPI
Thu13/8US July PPIUK first estimate of Q2 GDP
Fri14/8
Sat15/8
Sun16/8

Source: RBA meeting schedule, BLS release calendar and the UK Office for National Statistics

NAC strategic insight

The dollar hit a new high against the dong in the same week US data softened, which makes the cost of conversion harder to predict than interest rates. We favour transfers staged to the payment schedule, in markets with real transaction volume such as Cyprus, and residence files that are complete from the start. If you'd like to see what your family's plan should adjust after this week, book a consultation with NAC.

Markets in this issueCyprus, the UK and Greece all published new property or residence data this week
🇨🇾 CyprusCyprus residency through Limassol and Paphos propertyThe Mediterranean from aboveExplore the market →🇬🇧 United KingdomNew homes in London's regeneration districtsTower Bridge, LondonExplore the market →🇬🇷 GreeceGreece's Golden Visa and Athens homesThe Acropolis, AthensExplore the market →

Pearl Park Paphos · Limassol Blu Marine · Oval Village · London Dock · The NAC Residence Index

Sources