According to Landbank Analytics’ report for the first half of 2025, the Cyprus residential property market continues to grow amidst geographical diversity and stable demand. Limassol maintains its leading position in property prices , while Paphos is establishing itself as one of the most dynamic areas of the country.
Pathos
Paphos has demonstrated strong demand from both local and international buyers. In the first six months of 2025, 203 apartment transactions were recorded in the area , more than double the number of house sales.
- The average resale price of an apartment in Paphos was €129,774 – the lowest in the country, making the area particularly attractive to those seeking quality yet affordable residential property.
- However, resale homes here remain among the most expensive, with an average resale price of €386,828 based on 90 transactions – second only to Limassol .
Limassol
Limassol confidently maintains its status as the most expensive district in Cyprus. High demand, developed business infrastructure, and the prestige of the coastal area are driving up prices:
- The average resale price of a house is €527,252 (122 transactions).
- The average resale price of an apartment is €261,378 (201 transactions).
These figures confirm that Limassol remains a key point of attraction for investors and buyers of luxury real estate.
Nicosia
The capital region continues to generate demand for more affordable real estate:
- Apartments : 458 transactions with an average resale price of €143,118.
- Houses : 163 transactions, average resale price €283,641.
The dominance of apartments is due to the stable demand for permanent residential real estate among the local population.
Larnaca
Larnaca market shows an even distribution of demand between apartments and houses:
- Apartments : 220 transactions, average resale price €142,161.
- Houses : 126 transactions, average resale price €249,382.
The growth of infrastructure and tourist attractiveness maintains stable interest in the area.
Famagusta
Activity in the Famagusta market is more subdued, but remains stable:
- Apartments : 80 transactions, average resale price €115,664.
- Houses : 51 transactions, average resale price €264,039.
Demand patterns are driven by local and tourist factors, including in the Protaras and Ayia Napa areas .
Overall results
Secondary residential real estate market remains the dominant segment:
- Houses (secondary market) : €190.3 million from 552 transactions.
- Apartments (secondary market) : €185 million from 1,162 sales.
These figures indicate a high level of trust in completed projects and the maturity of the market as a whole.
According to Andreas Christophorides , CEO of Landbank Group , the Cyprus market is developing at different rates, reflecting the specific demand and socioeconomic conditions in each area. Limassol is strengthening its status as an investment hub, while Nicosia, Larnaca , and Paphos are demonstrating strong activity in the apartment segment.
