Landbank Analytics, a company that analyses the Cypriot housing market, has conducted a new study which found that secondary real estate was in the highest demand on the island in the first half of 2025. While apartments led in terms of the number of transactions, houses had higher average prices. These trends reflect variations across different regions of the country and indicate the maturity of the local market.
Compared to last year, sales of pre-owned apartments more than doubled, indicating growing interest in more affordable housing. A total of 1,162 apartment deals were completed, totalling €185 million. Meanwhile, 552 houses were sold in Cyprus during the same period for a total of €190.3 million. This confirms that real estate in Cyprus remains a reliable investment opportunity for both locals and foreign investors.
Regional differences: Limassol retains its status as the most expensive district
A Landbank study revealed significant regional differences in terms of both the number of transactions and the average cost of properties. Limassol has once again confirmed its status as the most expensive city in Cyprus. The average house price here was €527,252 and the average apartment price was €261,378. This reflects stable and high demand, particularly from foreign buyers and investors focused on the premium segment.
In contrast, apartment sales predominate in Nicosia, with 458 transactions at an average price of €143,118. Houses in the capital are more expensive, with an average price of €283,641 for 163 sales, indicating demand for affordable housing for permanent residence.
Larnaca has a balanced property market, with apartments leading the way with 220 sales at an average price of €142,161, while houses sell for an average of €249,382.
In Paphos, apartments are in high demand too, with 203 transactions at the lowest average price in the country (€129,774). Houses here are valued at an average of €386,828, making it the second most expensive area after Limassol.
The free areas of Famagusta show more moderate but stable activity. The average price of apartments in the first half of the year was €115,664 and the average price of houses was €264,039, making the region attractive for those looking for profitable investments.
Cyprus' secondary market remains stable and promising
Landbank CEO Andreas Christoforides noted that the market is demonstrating 'dynamism and diversity, with each region retaining its individuality'. He added that Limassol remains the leader in the high-end real estate segment, while Nicosia, Larnaca and Paphos are consistently in demand among buyers looking for a place to live or a profitable investment.
Christoforides emphasised that the stability and flexibility of the market allow for a wide selection of properties in different price categories. This confirms that the Cypriot real estate market has entered a period of maturity and stability, providing equal opportunities for both buyers and investors.
Outlook: Cyprus remains a reliable investment destination
The secondary real estate market in Cyprus continues to strengthen thanks to a combination of high demand, moderate prices and a stable economy. Active interest in apartments, growth in home sales and a variety of offers make the island an attractive prospect for long-term investment and the purchase of permanent residences.
Experts predict that this positive trend will continue into 2025. Despite global economic instability, Cyprus remains one of the most reliable and stable real estate markets in Europe, offering investors the prospect of high returns and a high quality of life.