The analytical company Landbank Analytics conducted a new study in which it analyzed sale and purchase agreements for new real estate, submitted to the Cyprus Land Department throughout 2025. All transactions concern properties at the off plan stage or under construction.
As a result, the total number of registered agreements for the purchase of new apartments and houses amounted to 7 819, and their total value exceeded 2.5 billion euros. These indicators confirm steady demand for primary real estate and the active development of Cyprus’s construction sector amid growing interest from both local buyers and foreign investors.
Apartments account for 81.6% of all sales
In 2025, 6 382 purchase and sale transactions of new apartments were concluded in Cyprus, equivalent to 81.6% of the total number of sales. The combined value of these properties reached 1.77 billion euros. new houses accounted for 1 437 transactions or 18.4% of the market with a total value of 737.9 million euros.
Particular attention is drawn to the record-breaking deals of the year. The most expensive concerned an apartment in Limassol worth 15.2 million euros. In the private housing segment, the maximum price reached approximately 6.2 million euros. These figures highlight strong interest in luxury real estate, especially in coastal regions.
The CEO of Landbank Group, Andreas Christoforidis, noted that the apartment market today is the main driving force of Cyprus’s entire real estate sector, accounting for 81.6% of all transactions in the country.
Nicosia — the pillar of domestic demand
In the Nicosia area, 2 171 sales of new properties were registered in 2025. Of these, 1 836 concerned apartments and 335 houses. The total value of apartment transactions reached 349.6 million euros or 76.8%, while houses accounted for 105.5 million euros.
It is worth noting that the capital remains the most affordable region for purchasing apartments with an average price of 190 thousand euros. The average cost of houses in Nicosia is 315 thousand euros. Such price stability is explained by steady domestic demand and lower dependence on tourism and foreign investment compared to coastal cities. It is important to consider that regional statistics include transactions not only in cities but also in suburbs and rural areas.
Limassol — the investment center of Cyprus
The largest number of real estate transactions in 2025 was concluded in Limassol — 2 207. Of these: 1 936 concerned apartments, and 271 houses. The total value of sold apartments reached 824.1 million euros or 83.9% of the total sales value in the region. The volume of house transactions amounted to 157.9 million euros.
The average apartment price in Limassol exceeded 425 thousand euros. This is more than twice the figures of Nicosia and Larnaca. The average house price reached 583 thousand euros. These data confirm Limassol’s status as the main investment and business center of Cyprus, where premium-class projects and high-rise residential complexes are actively developing.
Larnaca — growth at competitive prices
Larnaca also demonstrated high activity, finishing 2025 with 2 020 transactions. Of these: 1 770 concerned apartments and 250 houses. The total value of sold apartments amounted to 353 million euros, while houses accounted for 96.3 million euros.
The average apartment price in this Cypriot city approached 200 thousand euros. At the same time, houses in Larnaca remain relatively affordable compared to other coastal regions, with an average cost of 385 thousand euros. Notably, the development of infrastructure projects and the modernization of the seafront contribute to further growth in the city’s attractiveness.
Paphos — leader in house prices
In Paphos, 1 078 new properties were sold in 2025, including 673 apartments and 405 houses. The total sales value amounted to 503.2 million euros. Houses accounted for 287.8 million euros or 57.2%, while apartments accounted for 215.4 million euros or 42.8%.
Paphos became the most expensive region in Cyprus for purchasing a house with an average price of 710 thousand euros. The average apartment price in this city reached 320 thousand euros, making the region the second most expensive after Limassol. High demand is associated with the popularity of Paphos among foreign buyers and the development of luxury residential projects by the sea.
Free areas of Famagusta — the resort real estate market
In the free part of Famagusta, 343 transactions were concluded in 2025, of which 176 concerned houses and 167 apartments. This is the only region where house sales exceeded the number of apartments sold. The total value of houses amounted to 90.4 million euros, while apartments were sold for 32.4 million euros.
The average apartment price reached 194 thousand euros, making this part of the island one of the most affordable for purchasing apartments. At the same time, the average house price in the free areas of Famagusta exceeds 513 thousand euros, which is explained by the strongly pronounced resort orientation of the region and high demand for villas and luxury projects near the sea.
Current trends and prospects of the Cyprus real estate market
The analysis shows that the Cyprus new-build market was very active in 2025. Apartments accounted for 81.6% of all sales, confirming a shift in buyer priorities toward more compact and investment-attractive housing. Limassol maintains its status as the most expensive apartment market, Paphos leads in house prices, Nicosia ensures stable domestic demand, while Larnaca and the free areas of Famagusta offer more affordable options.
Taking into account the continuing interest of foreign investors, infrastructure development, and residence permit programs through investment, the Cyprus real estate market retains potential for further growth in the coming years, and transaction volumes in the billions of euros confirm its strategic importance for the country’s economy.