Cyprus Real Estate Market Reaches a New Level

The new residential real estate market in Cyprus closed the first ten months of 2025 on a strong upward trend. According to Landbank Analytics, the total sales volume of new houses and apartments from January to October reached nearly €2 billion.

Andreas Christoforidis, CEO of Landbank Group, noted that the market shows a clear shift towards apartments, the dominance of Limassol in transaction values, and the strengthening of Paphos as a premium real estate destination.

During the reporting period, 5,059 apartments were sold compared to 1,138 houses.

The total apartment sales amounted to €1.41 billion, with an average price of €280,000.

Houses were sold less frequently but at much higher prices, with an average value of €518,000.

Limassol confirmed its status as the most expensive and active region. There were 1,800 transactions worth over €812 million, representing almost 40% of the total new-build sales value in the country.

The most expensive transaction of the year also occurred in Limassol — an apartment sold for €15.2 million.

The average property price in the district was €451,000, more than double that of Nicosia and Larnaca.

Particularly notable is the Germasogeia area, where sales exceeded €351 million with an average price of nearly €584,000.

Although Paphos ranked fourth in the number of transactions (799 sales), it led in average value — €470,000.

The average house price in Paphos reached €697,000, significantly higher than in Limassol and Famagusta. This confirms sustained interest from affluent buyers in premium villas, especially in the Akamas and Peyia areas.

Nicosia and Larnaca remain more affordable markets with high transaction volumes.

• Nicosia recorded 1,730 sales, with an average apartment price of €191,000.
• Larnaca — 1,596 transactions, average apartment price €196,000, houses around €394,000.

Larnaca leads in the number of transactions at the municipal level — 927 sales.

Analysis shows that the market moves across different price segments:

• Limassol and Akamas attract high-income capital and investment portfolios.
• Larnaca and Nicosia demonstrate stable demand for more affordable housing.

According to Christoforidis, areas with prices above €500,000 are mainly targeted at investors and wealthy buyers, while the €200,000 segment remains the core of domestic demand.

Overall, 2025 confirms that the Cyprus real estate market remains diversified, stable, and attractive for both international investors and local buyers.