In the first half of 2025, Cyprus’s land market showed strong activity and growing investment momentum. According to new research by Landbank Analytics, the total value of transactions involving building plots and fields reached €360.4 million. A total of 1,130 transactions were recorded, confirming the continued high level of interest in land across the island.
Building plots remained the leaders in terms of the number of sales, while fields showed a significantly higher average transaction value. During the reporting period, 794 plot sales amounted to €189.9 million, while 336 field sales totaled €170.5 million. The average price of a field was approximately €507,440, compared to €239,170 for a building plot. This difference reflects the fact that fields often represent larger areas or are located in strategically advantageous zones with strong investment and urban development potential.
Geography of Transactions: Where Land Is Gaining Value
In Nicosia, plots continue to lead in sales volume, but fields recorded the highest average value. During the first six months of 2025, there were 341 plot sales and 83 field transactions. The average price of a field reached €363,654 — the highest among all property types in the capital, even exceeding that of residential homes (€283,641). The average plot price was €220,331. This dynamic indicates that interest in fields is driven not by agricultural use, but by their strategic locations and potential for future development.
Limassol ranked second in market activity, showing a similar pattern: plots remain popular among buyers, but fields are the more valuable asset. In the first half of 2025, there were 191 plot transactions and 90 field sales. The average plot price exceeded €305,000, while the average field price was €687,800 — more than double. This confirms Limassol’s role as a hub for large-scale investors, who view land as a strategic investment vehicle.
In Larnaca, the land market is driven primarily by plots, which outnumber field sales nearly three to one. In the first half of the year, there were 173 plot sales and 64 field sales. The average field price reached €416,300 — the highest in the district — while plots averaged €204,500. Larnaca is becoming increasingly attractive for developers, thanks to rising housing demand and coastal infrastructure development.
In Paphos, where 123 transactions were recorded, fields achieved the highest prices on the island. The average field price reached €846,700, while plots sold for an average of €252,000. This reflects strong investment activity linked to major projects, including tourism complexes, energy facilities, and recreational areas.
The free areas of Famagusta stand out from other regions: here, fields dominate the market. In the first half of 2025, there were 53 field sales and only 12 plot sales. The average field price was €241,000, while plots averaged €134,500. This is largely due to the district’s specific profile, where land is mainly used for tourism and agricultural projects.
Investment Potential and Sustainable Market Growth
According to Andreas Christoforides, CEO of Landbank Group, the land market has become a core component of Cyprus’s real estate sector. Plot sales support steady demand for housing and commercial developments, forming the foundation of construction activity. At the same time, fields are gaining importance as strategic assets, particularly in high-investment areas.
Average prices in Paphos reach €850,000, while in Limassol they approach €700,000, highlighting that these are not mere agricultural lands but prime development areas with significant potential.
Buyers are increasingly acquiring land for residential and tourist complexes, as well as for solar parks, industrial facilities, and luxury estates.
Outlook: A Maturing and Strengthening Market
Cyprus’s land market is showing clear signs of maturity and stability. Investors are taking more strategic approaches, focusing on properties with strong appreciation potential. Over the coming years, continued infrastructure development, a steady inflow of foreign capital, and government initiatives supporting sustainable and “green” construction are expected to sustain positive momentum.
Thus, 2025 marks a pivotal stage for Cyprus’s land market — a period when land investment evolved from a niche segment into one of the key drivers of the island’s economy.