Filenews 16 February 2026
The total value of the new home market in Cyprus in 2025 stood at €2.5 billion, with apartments dominating, absorbing eight out of ten sales, according to an extensive analysis by Landbank Analytics. The data are based on the sales documents submitted to the Department of Lands and Surveys and concern sales under construction or on the plans (off plan), nationwide.
A total of 7,819 sales documents were submitted for the purchase of new homes (apartments and houses). Of these, 6,382 concerned apartments (81.6%) with a total value of €1.77 billion, while 1,437 concerned houses (18.4%) with a total value of €737.9 million. The most expensive transaction of the year was recorded in Limassol and concerned an apartment of €15.2 million, while the most expensive house amounted to approximately €6.2 million.
Nicosia: A stable pillar of domestic demand
In the Nicosia district, 2,171 sales were recorded, of which 1,836 apartments and 335 houses. The value of the apartments amounted to €349.6 million. (76,8%) and houses to €105.5 million. Nicosia emerged as the most affordable district for apartments with an average price of €190,000, while houses averaged €315,000, reflecting the stability of domestic demand.
Limassol: Investment hub
The most sales were recorded in Limassol (2,207), with 1,936 apartments and 271 houses. The value of the apartments reached €824.1 million (83.9%), compared to €157.9 million for houses. The average apartment price exceeded €425,000, while the houses averaged €583,000, confirming the investment character of the city.
Larnaca: Development with competitive prices
In Larnaca, 2,020 sales were completed, with 1,770 apartments and 250 houses. Values amounted to €353 million for apartments and €96.3 million for houses. The average apartment price was close to €200,000, while houses remained competitive with an average price of €385,000.
Paphos: Protagonist in luxury homes
Paphos closed 2025 with 1,078 sales (673 apartments, 405 houses) and a total value of €503.2 million. The value of houses (€287.8 million, 57.2%) exceeded that of apartments (€215.4 million). The province recorded the highest average house prices in Cyprus, at €710,000, while apartments averaged €320,000.
Famagusta: Tourist orientation
The free province of Famagusta recorded 343 sales, with 176 houses and 167 apartments. The value of houses (€90.4 million) prevailed over apartments (€32.4 million). The average apartment price stood at €194,000, while the houses exceeded €513,000 on average, due to the strong element of holiday homes and seaside developments.
The CEO of Landbank Group, Andreas Christoforides, noted that the apartment market is the driving force of the Cypriot market, with Limassol maintaining the lead in apartment prices, Paphos standing out in homes, Nicosia offering stability and affordability, and Larnaca combining trading volume with competitive prices.
