In the first half of 2025, the Cyprus land market continued to strengthen its position, with a total transaction volume exceeding €360 million , confirming its importance in the island’s property market structure, according to Landbank Analytics .
Contents
General market indicators
A total of 1,130 land sales were recorded, including 794 building plots valued at €189.9 million and 336 fields valued at €170.5 million. While the majority of transactions were for building plots, the average price for fields was significantly higher: €507,440 per sale compared to €239,170 for building plots.
This difference reflects the nature of the investments: development sites are oriented towards residential properties, while fields represent large areas with long-term development potential – from tourist areas to renewable energy projects.
Market analysis by region
Nicosia
In the first half of the year, 341 building plots were sold. This was the second most popular property type after apartments. The average price of the 83 plots sold reached €363,654, exceeding even the average price of houses (€283,641). The average price of a building plot was €220,331.
Limassol
191 building plots and 90 fields were sold here. The average price of fields reached €687,800, more than double the price of building plots (€305,000).
Larnaca
In Larnaca, 173 building plots and 64 golf courses were sold. The average price of a golf course was €416,300, while the average price of plots was €204,500.
Pathos
In Paphos, 123 land transactions were concluded, of which 46 were fields with an average price of €846,700, and building plots with an average price of €252,000.
Famagusta
In Famagusta, fields dominated both in quantity and in total price: 53 plots were sold, while only 12 were for development. The average price of a field was €241,000, while that of a plot was €134,500.
Landbank Group CEO Andreas Christoforides noted that the land market “has become the main driver of the Cypriot real estate sector.” He noted that development land continues to support demand for residential and commercial properties, forming the basis of daily market activity. Fields, meanwhile, are a “silent giant of strategic investment,” consistently demonstrating high average prices in all areas.
“The average price of fields in Paphos reaches approximately €850,000, while in Limassol it’s €700,000.” These figures no longer reflect the traditional value of agricultural land, but rather demonstrate investment potential: large plots in tourist areas or land designated for large-scale projects, including renewable energy parks and integrated residential and tourist developments.
