The prices of one-bedroom apartments in Cyprus vary depending on the region, the condition of the property, and proximity to the sea. The island offers a wide range of housing options, from small apartments in suburban areas to luxury apartments in modern residential complexes. Let’s take a closer look at the cost of one-bedroom apartments in the main cities of Cyprus.
Limassol
Limassol is one of the most expensive cities in Cyprus, where real estate prices are consistently high. One-bedroom apartments here can cost from €130,000 and above on the resale market, while prices for new builds often exceed €200,000. This is due to high demand for housing among expats and locals, as well as the active development of infrastructure and proximity to the sea.
Limassol is famous for its luxury residential complexes with sea views, numerous restaurants and cafes, and proximity to business and entertainment centers. In coastal areas like Germasogeia and Neapolis, real estate prices are the highest. An apartment in a new complex with a pool and gym can cost €250,000–€300,000 or more. The cost of such properties is driven by the prestige of the area and modern living conditions, attracting both investors and buyers seeking a permanent residence.
Paphos
Paphos, a popular tourist destination, offers lower prices for one-bedroom apartments compared to Limassol. Property prices in this city start at €100,000–€120,000 for small apartments on the resale market. Apartments in new residential complexes with sea views or in gated communities can cost between €150,000 and €200,000. The main advantage of Paphos is its cultural heritage, numerous historical landmarks, and comfortable living conditions.
Areas like Kato Paphos and Universal offer apartments with good layouts and modern finishes. Local new builds often include pools, relaxation areas, and landscaped gardens, attracting buyers looking for a property not only for personal use but also for renting to tourists. The price of such properties can reach €250,000 and above, depending on the level of the complex and its infrastructure.
Larnaca
Larnaca offers more affordable real estate prices compared to Limassol. The cost of a one-bedroom apartment here starts at €70,000–€90,000 on the resale market. New builds located closer to the city center or on the beachfront can cost between €120,000 and €180,000. Larnaca is popular among those seeking a peaceful life in a coastal city, as well as due to its international airport and convenient location.
The Finikoudes and Mackenzie areas are the most in-demand among buyers. Apartments here may be slightly more expensive than in other parts of the city due to their proximity to the beach and tourist infrastructure. Residential complexes in these areas offer modern amenities such as pools, gated areas, and fitness centers, making them popular among foreign buyers and investors.
Nicosia
The capital of Cyprus, Nicosia, despite its lack of access to the sea, also offers a variety of real estate options. Prices for one-bedroom apartments here start at €80,000 for properties on the resale market. In central areas, prices can reach €150,000 and above, especially for new builds or modern residential complexes.
Nicosia attracts those who prefer the urban rhythm of life, proximity to business centers, and more stable rental prices. Investors see apartment purchases in the capital as a reliable investment, as rental demand remains high among students, working professionals, and families.
The cost of a one-bedroom apartment in Cyprus depends on the region, the condition of the property, and its distance from the sea. Limassol offers the highest prices, while Larnaca and Paphos provide more affordable options. It’s important to consider not only the base price of the apartment but also additional expenses when purchasing. Cyprus remains an attractive destination for real estate investments due to steady demand and a good potential for rental income.
