Here's how much apartment prices have risen across Larnaca over 7 years

According to Landbank Analytics, apartment prices in Larnaca have grown by at least 20% over the past 7 years.

Prices have skyrocketed for both new and old properties. The most popular were properties cheaper than 100 thousand euros, and the most popular age was 20 years.

If you look in more detail by municipalities:

Municipality of Larnaca

There was a slight uptrend for all types of apartments, except for 3(+)-bedroom apartments. The average price of 3(+)-bedroom apartments jumped in 2021. It seems the pandemic did not affect the average sales price of apartments in the coastal city much.

Average studio price:

2016 - 52,000 euros;
2017 - 53,000 euros;
2018 - 54,941 euros;
2019 - 64,945 euros;
2020 - 67,816 euros;
2021 - 65,944 euros;
2022 - 70,143 euros.

1-bedroom apartment:

2016 - 70,752 euros;
2017 - 70,143 euros;
2018 - 87,478 euros;
2019 - 77,172 euros;
2020 - 99,752 euros;
2021 - 107,859 euros;
2022 - 106,506 euros.

2-bedroom apartment:

2016 - 100,263 euros;
2017 - 115,538 euros;
2018 - 114,898 euros;
2019 - 126,903 euros;
2020 - 131,546 euros;
2021 - 112,525 euros;
2022 - 118,024 euros.

3-bedroom apartment:

2015 - 118,875 euros;
2016 - 125,887 euros;
2017 - 120,129 euros;
2018 - 130,400 euros;
2019 - 119,189 euros;
2020 - 121,202 euros;
2021 - 113,826 euros;
2022 - 139,074 euros.

4-bedroom apartment:

2016 - 112,491 euros;
2017 - 127,708 euros;
2018 - 128,195 euros;
2019 - 148,447 euros;
2020 - 163,208 euros;
2021 - 154,080 euros;
2022 - 167,885 euros.

Municipality of Aradippou

During the reporting period, Aradippou recorded a slight uptrend for all types of apartments.

Average 1-bedroom apartment price:

2016 - 65,858 euros;
2017 - 63,667 euros;
2018 - 67,000 euros;
2019 - 80,200 euros;
2020 - 78,000 euros;
2021 - 71,530 euros;
2022 - 80,667 euros.

2-bedroom apartment:

2016 - 81,800 euros;
2017 - 94,833 euros;
2018 - 93,000 euros;
2019 - 105,985 euros;
2020 - 101,022 euros;
2021 - 108,333 euros;
2022 - 106,667 euros.

3-bedroom apartment:

2016 - 100,000 euros;
2017 - 107,667 euros;
2018 - 108,133 euros;
2019 - 115,556 euros;
2020 - 108,636 euros;
2021 - 124,565 euros;
2022 - 106,667 euros.

4-bedroom apartment:

2016 - 160,000 euros;
2017 - 150,000 euros;
2018 - 150,000 euros;
2019 - 130,000 euros;
2020 - 158,333 euros;
2021 - 130,000 euros;
2022 - 117,909 euros.

Municipality of Livadia

Average studio price:

2016 - 35,000 euros;
2017 - 40,000 euros;
2018 - 40,000 euros;
2019 - 60,000 euros;
2020 - 52,500 euros;
2021 - 67,500 euros;
2022 - 55,000 euros.

1-bedroom apartment:

2016 - 65,000 euros;
2017 - 77,153 euros;
2018 - 64,667 euros;
2019 - 74,429 euros;
2020 - 71,286 euros;
2021 - 70,000 euros;
2022 - 74,000 euros.

2-bedroom apartment:

2016 - 91,600 euros;
2017 - 98,333 euros;
2018 - 83,828 euros;
2019 - 103,446 euros;
2020 - 89,195 euros;
2021 - 112,333 euros;
2022 - 112,028 euros.

3-bedroom apartment:

2016 - 111,000 euros;
2017 - 118,000 euros;
2018 - 122,400 euros;
2019 - 105,000 euros;
2020 - 124,036 euros;
2021 - 141,875 euros;
2022 - 127,500 euros;

Municipality of Oroklini

Average studio price:

2016 - 45,000 euros;
2017 - 50,875 euros;
2018 - 52,733 euros;
2019 - 59,783 euros;
2020 - 54,250 euros;
2021 - 66,625 euros;
2022 - 55,000 euros.

1-bedroom apartment:

2016 - 68,333 euros;
2017 - 67,079 euros;
2018 - 67,329 euros;
2019 - 70,481 euros;
2020 - 80,778 euros;
2021 - 73,294 euros;
2022 - 79,295 euros.

2-bedroom apartment:

2016 - 95,000 euros;
2017 - 79,667 euros;
2018 - 87,833 euros;
2019 - 87,667 euros;
2020 - 101,868 euros;
2021 - 96,417 euros;
2022 - 107,286 euros.

3-bedroom apartment:

2016 - 98,500 euros;
2017 - 100,250 euros;
2018 - 112,429 euros;
2019 - 106,571 euros;
2020 - 125,545 euros;
2021 - 130,833 euros;
2022 - 132,167 euros.

На сколько выросла стоимость квартир в Ларнаке за последние 7 лет?

Detailed information about all projects in Larnaca can be obtained from the specialists of the DOM real estate agency by phone +357 24 030062, or in person at: Agias Faneromenis 21, Faneromeni 6025, Larnaca, Cyprus.

Source: philenews.com
Photos: DOM