Apartments were the largest single category, with 1,105 transactions.
Cyprus’ resale property market looks very different from one district to another, both in the number and value of transactions and in prices.
Landbank Analytics’ review of the first half of 2026 recorded 3,202 resale transactions worth a total of €727.2 million, highlighting significant differences among the island’s five districts.
Nicosia accounted for 36.1% of all transactions but only 26.9% of their total value. Limassol generated 36.2% of the value from just 21.2% of sales.
The figures show Nicosia leading in the number of sales, while Limassol dominates in overall value and residential prices per square meter. Larnaca, Paphos, and the government-controlled area of Famagusta each recorded their own price levels and patterns of activity.
The analysis also examines price ranges, the breakdown by property type, local hotspots, and changes recorded during the second quarter.
According to Landbank’s figures, Nicosia accounted for 36.1% of all transactions but only 26.9% of their combined value. Limassol, by contrast, generated 36.2% of the total value from just 21.2% of transactions.
The gap confirms that Cyprus’ resale market cannot be accurately assessed using a single nationwide average, the report said.
During the first six months of 2026, the 3,202 resale transactions had a median price of €140,000.
Nicosia recorded 1,155 transactions worth €195.7 million, representing 36.1% of sales and 26.9% of total value. Its median sale price was €131,000.
Limassol recorded 679 transactions worth €262.9 million. It accounted for 21.2% of sales but 36.2% of their value, with a median price of €220,000.
Larnaca had 642 transactions worth €101.4 million, representing 20% of sales and 13.9% of total value. Its median price was €115,000.
Paphos recorded 414 transactions worth €121.4 million, accounting for 12.9% of sales and 16.7% of value. Its median price was €153,215.
The government-controlled area of Famagusta recorded 312 transactions worth €45.8 million, representing 9.7% of sales and 6.3% of value. Its median price was €85,000.
Landbank Group CEO Andreas Christoforides said the first-half figures confirm that Cyprus does not have one uniform resale market.
“Nicosia drives transaction volumes, Limassol attracts the greatest amount of capital and records the highest prices per square meter, while the other districts offer different entry points and individual hotspots,” Christoforides said.
“For buyers, investors, and property owners, making the right decision now requires an analysis of the property type and specific area—not reliance on a single nationwide average.”
About 84% of sales were below €300,000
The analysis shows that the market remains heavily concentrated in the lower and middle price ranges. Of the 3,202 transactions, 2,702 involved properties selling for up to €300,000.
At the opposite end of the market, only 26 transactions exceeded €2 million. Together, however, they were worth €125.7 million, highlighting the market’s two-tier structure.
The 1,125 transactions worth up to €100,000 accounted for 35.2% of all sales and had a combined value of €63.8 million.
A further 680 transactions, or 21.3%, fell within the €100,000-to-€150,000 range and were worth €86.9 million.
There were 473 transactions between €150,000 and €200,000, representing 14.8% of sales and €83.1 million in value. Another 424 transactions, or 13.3%, were in the €200,000-to-€300,000 range and had a combined value of €105 million.
In the higher price brackets, there were 301 transactions between €300,000 and €500,000, 124 between €500,000 and €1 million, 44 between €1 million and €2 million, and 26 exceeding €2 million.
Those 26 high-end transactions were worth €125.7 million, equivalent to 17.3% of the total value of all resale transactions.
Apartments and building plots
Apartments were the largest single category, with 1,105 transactions, or 34.5% of the market. They had a combined value of €166.1 million, a median price of €135,000, and a median price of €1,692 per square meter.
Building plots accounted for 753 transactions, or 23.5%, with a combined value of €207.1 million. Their median price was €151,000, or €278 per square meter.
Larger parcels of land accounted for 640 transactions, or 20%, worth a total of €155.5 million. The median price was €52,550, or €27 per square meter.
Houses accounted for 570 transactions, or 17.8%, with a combined value of €165.5 million. Their median price was €235,000, or €1,662 per square meter.
Among apartments, two-bedroom units were the most frequently sold, with 328 transactions and a median price of €140,000.
Three-bedroom apartments recorded 249 transactions and a median price of €162,000, while one-bedroom units had 245 transactions and a median price of €107,000. Studios recorded 148 transactions and a median price of €76,500.
One-bedroom apartments had a median price of €1,888 per square meter.
Residential building plots recorded 662 transactions, with a median price of €145,000, or €268 per square meter.
Agricultural land recorded 327 transactions, with a median price of €23,000, or €9 per square meter. Residential land recorded 243 transactions, with a median price of €120,000, or €79 per square meter.
Land and building plots together accounted for 43.5% of all transactions.
A different picture in every district
In Nicosia, 413 apartments were sold at a median price of €138,000, or €1,582 per square meter. There were also 177 house sales, with a median price of €215,000, or €1,443 per square meter.
The median year of construction was 2004 for apartments and 1989 for houses. Almost two-thirds, or 64.2%, of apartments sold for up to €150,000.
In Limassol, 186 apartments were sold at a median price of €217,000, or €2,686 per square meter. There were 144 house sales, with a median price of €325,000, or €2,221 per square meter.
The median year of construction was 1994 for apartments and 1997 for houses. In Limassol, 36% of apartment sales fell within the €200,000-to-€300,000 range.
In Larnaca, 249 apartments were sold at a median price of €111,000, or €1,528 per square meter. The district also recorded 109 house sales, with a median price of €185,000, or €1,425 per square meter.
A total of 81.9% of apartments in Larnaca sold for up to €150,000.
In Paphos, 181 apartments were sold at a median price of €120,000, or €1,748 per square meter. There were also 89 house sales, with a median price of €230,000, or €1,886 per square meter.
In the government-controlled area of Famagusta, 76 apartments were sold at a median price of €101,000, or €1,610 per square meter. The district recorded 51 house sales, with a median price of €255,000, or €1,760 per square meter.
A total of 88.2% of apartments in the area sold for up to €150,000.
