Landbank Analytics conducted a study that identified which regions of Cyprus today set the direction for the local real estate market and how investment flows are distributed. The reporting period covered January–October 2025. It turned out that some regions accumulate the highest total value of transactions, others lead in the number of sales, and still others maintain record average prices.
Limassol is the main engine of the investment market
Limassol confidently retains its status as the flagship of Cypriot real estate. As many as three locations in the region made it into the national leaders, generating a combined sales volume of over 737 million euros. The Germasogeia area became the undisputed leader by transaction value, with a result of 351,5 million euros and an average property price of 583 905 euros, highlighting the interest of affluent international and local investors. The Municipality of Limassol secured second place with sales at the level of 274 million euros, while the Kourion area, which ranked sixth nationwide, added another 111,7 million euros. An important feature of these directions is the combination of high property values with active turnover: in total, around 1,6 thousand transactions were registered in them.
Paphos is a territory of premium properties and record prices
Paphos is strengthening its reputation as a center of luxury real estate. Three districts of this city in Cyprus ranked among the most expensive in the country, showing steady demand for high-quality and exclusive properties. In particular, Akamas, despite placing seventh in total transaction value at 88,5 million euros, became the most expensive in Cyprus by average price (646 thousand euros), surpassing even Germasogeia in Limassol. The Municipality of Paphos took fifth place in the overall list with a total transaction value of 124,6 million euros, and Geroskipou approached the 78 million euro mark. Notably, in all of these locations the average transaction price exceeded 420 thousand euros, confirming the high class of supply and a focus on the premium segment.
Larnaca is the leader in number of transactions and affordable housing
Larnaca became the most active market by number of sales in the first ten months of 2025. The Municipality of Larnaca recorded 927 transactions totaling 207,2 million euros. The Aradippou area also played a significant role, taking ninth place nationwide with 394 transactions totaling 77,9 million euros. The average value of properties in these areas is maintained in the range of 200–220 thousand euros, which matches the needs of buyers looking for an optimal price-to-quality ratio.
Nicosia is a stable pillar of domestic demand
Nicosia continues to play a key role in the housing market for the local population. The region is represented by two locations among the country leaders, with a combined sales volume of about 207 million euros. The Municipality of Nicosia ranked fourth in the all-Cyprus rating, delivering 624 transactions worth 130 million euros. Lakatamia rounded out the top ten, offering the most competitive average sale price at 195 thousand euros. The region is characterized by high liquidity in the mid-priced segment and steady demand from island residents.
An expert view of the market structure
Commenting on the study results, Landbank CEO Andreas Christoforidis noted that the detailed analysis clearly demonstrates the diversity of the Cypriot real estate market. According to him, Limassol and Akamas act as magnets for capital with high purchasing power, keeping prices at record levels. At the same time, Larnaca and Nicosia confirm their resilience thanks to a significant volume of transactions and steady demand for more affordable housing. Average sale prices make it possible to see the real depth of the market: properties priced above 500 thousand euros are aimed at investment portfolios, while those around 200 thousand euros are aimed at domestic demand.
Given current trends, increased interest from foreign buyers, and limited supply in coastal zones, experts expect price pressure to persist in premium areas and further growth in activity in the affordable housing segment, which remains the foundation of Cyprus's entire real estate market.