Landbank Analytics has published a new study analysing property sales during the first half of 2026. The findings show that the resale market is developing unevenly across Cyprus. Nicosia leads in the number of transactions, Limassol in total sales value and price per square metre, Larnaca maintains a more affordable entry point, while Paphos combines a relatively small market size with high property values. The free areas of Famagusta account for the fewest sales.
To ensure a fair comparison, Landbank Analytics examined the same indicators across all regions: the number and value of transactions, price ranges, median prices, price per square metre, and the most active areas for apartments and houses.
Cyprus resale market: 84% of transactions below €300,000
During the first six months of 2026, 3,202 property transactions were registered. Of these, 2,702 transactions, or around 84%, involved properties priced at up to €300,000. However, a small number of high-value properties had a substantial impact on the total value of the market. A total of 26 transactions worth more than €2 million generated sales of €125.7 million. This represents just 0.8% of all transactions, but as much as 17.3% of their total value.
Apartments were the largest single category, with 1,105 transactions. Looking at apartments by number of bedrooms, two-bedroom units recorded the highest sales volume. At the same time, one-bedroom apartments had a higher median price per square metre. Land plots and development plots also accounted for a significant share of the market, together representing 43.5% of all transactions. Regional differences are particularly noticeable when comparing transaction volume and value. Nicosia accounted for 36.1% of all transactions but only 26.9% of their total value. In Limassol, the situation was the opposite: the district accounted for only 21.2% of transactions but 36.2% of the total value.
According to Landbank Group CEO Andreas Christoforidis, the figures show that Cyprus’s resale market cannot be assessed solely on the basis of a nationwide average. For buyers and investors, the specific type of property and location are important.
Data by city
In Nicosia, 1,155 transactions worth a total of €195.7 million were registered during the first half of the year. This represents 36.1% of the entire Cyprus resale market by number of transactions. The median price across the market was €131,000. For residential property, the figures were as follows:
- apartments — €138,000;
- houses — €215,000.
At the same time, 64.2% of apartments were sold for up to €150,000. Strovolos was the leading area for apartment transactions, with 129 sales. For houses, the most active areas were central Nicosia and Strovolos. In the second quarter of 2026, the market grew noticeably compared with the first: the number of transactions increased by 33.8%, while their total value rose by 36.3%.
Limassol differs significantly in terms of market structure. A total of 679 transactions worth €262.9 million were registered. Although the city accounted for only 21.2% of transactions, its share of total sales value reached 36.2%. The median price across the market was €220,000. For residential property:
- apartments — €217,000;
- houses — €325,000.
The main centres of demand for apartments were Limassol city and Germasogeia. In the housing segment, Agios Athanasios and Germasogeia stood out. Agios Tychonas recorded the highest median price per square metre among the main areas included in the study. In the second quarter, the number of transactions in Limassol increased by 72.7%, while their value surged by 175.9% compared with the first quarter.
In Larnaca, 642 transactions worth a total of €101.4 million were completed during the first half of the year. The region accounted for 20.0% of transactions and 13.9% of total value. The median price across the market was €115,000. In the residential segment:
- apartments — €111,000;
- houses — €185,000.
At the same time, 81.9% of apartments were priced at up to €150,000. The largest number of apartment transactions was recorded in Larnaca city. Tersefanou and Oroklini were also active areas. In the housing segment, Larnaca city and Aradippou led the market. In the second quarter, the number of transactions increased by 57.8%, while their value rose by 65.1% compared with the first quarter.
Paphos accounted for 414 transactions worth €121.4 million. This represented 12.9% of the total number of transactions, but 16.7% of their overall value. The median market price stood at €153,215. In the residential segment:
- apartments — €120,000;
- houses — €230,000.
Paphos city was the main centre for apartment transactions. Among the most active areas for houses were Chloraka, Peyia and Tala. The median residential property price per square metre was around €1,819, the second-highest result after Limassol. In the second quarter, the Paphos market showed the strongest momentum: the number of transactions increased by 145.0%, while their value rose by 234.3% compared with the first quarter.
In the free areas of Famagusta, 312 transactions worth a total of €45.8 million were completed. The median price across the market was €85,000. The difference between property types was particularly noticeable: