According to a report by Landbank Analytics, the Cyprus residential property market has started 2025 with impressive results. Sales of apartments and houses have increased significantly in both volume and value.
Between January and March, 1,368 transactions for the purchase of new apartments and houses were registered, which is 24.8% more than in the same period in 2024. The total value of transactions reached €391 million, which is €92 million more than in the first quarter of last year:
- apartments : 1,109 units (+22.7%), total value €272 million (+23.1%);
- houses : 259 units (+34.9%), total value €119 million (+52.6%).
Dynamics by districts
Nicosia
- Apartment sales: 376 units (+17.5%), valued at €72 million (+18%).
- House sales: 52 units (+7.8%), valued at €20 million (+25%).
Limassol
- Apartment sales: 311 units (+5.8%), valued at €116 million (+19.6%).
- House sales: 55 units (+6%), valued at €22 million (unchanged).
Larnaca
- Apartment sales: 321 units (+66.3%), worth €60 million (+118.2%).
- House sales: 62 units (+77.1%), valued at €24 million (+118.2%).
Pathos
- Apartment sales: 84 units (+33.3%), valued at €24 million (+20%).
- House sales: 68 units (+58.1%), valued at €47 million (+88%).
Famagusta
- Apartment sales: 17 units (-50%), valued at €3 million (-57.1%).
- House sales: 21 units (+61.5%), valued at €6 million (+50%).
The analysis showed that Larnaca is showing the strongest growth, becoming one of the fastest growing areas of Cyprus. Nicosia remains attractive to private buyers and investors due to its central location. Limassol remains a premium investment destination, and Paphos is seeing strong demand for luxury homes, especially among foreign buyers.
