The current picture of the Cyprus real estate market increasingly clearly reflects the real financial capabilities of buyers. According to data from the analytical company Landbank Analytics, in 2025 investors more often preferred new properties that are under construction or at the design stage.
According to experts, the local market is gradually becoming more structured: buyers now focus not only on location but also on the optimal price-quality ratio, as well as the investment potential of properties.
Apartments up to 300 thousand euros — the main choice of buyers
The most in-demand segment in 2025 was apartments priced from 150 thousand euros to 300 thousand euros. This range became the leader in the number of transactions — 3,396 sales, which accounts for 53.2% of the total. In second place were more affordable options up to 150 thousand euros with 1,353 transactions or 21.2%. This confirms the high interest in budget housing, especially among local buyers and beginner investors.
The segment of more expensive apartments also showed stable activity. The range from 300 thousand euros to 500 thousand euros accounted for 1,205 transactions, or 18.9%. In the category from 500 thousand to 750 thousand euros, 234 properties were sold, or 3.7%. The premium segment remains niche but stable. Apartments priced from 750 thousand to 1 million euros accounted for 60 transactions (0.94%) in 2025, while properties above 1 million euros accounted for 134 sales (2.1%). In total, 6,382 apartments were sold in 2025 for a total of 1.77 billion euros, making this segment the main driver of the residential real estate market in Cyprus.
Houses are moving into a higher price category
The private housing market showed a different structure. It proved to be oriented toward buyers with higher income levels. In 2025, 1,437 transactions were recorded, with the main activity concentrated in higher price ranges.
The largest number of sales was in the segment from 300 thousand to 500 thousand euros — 574 transactions or 40%. This was followed by the range from 150 thousand to 300 thousand euros with 405 sales, accounting for 28.2%. A significant share of the market also belonged to more expensive properties. In the category from 500 thousand euros to 750 thousand euros, 255 transactions were recorded (17.75%). In the range from 750 thousand euros to 1 million euros, there were 80 sales, corresponding to 5.6%.
The luxury real estate market also remains active. Houses priced above 1 million euros were sold in the amount of 116 units, accounting for 8.1%. At the same time, the segment of affordable housing up to 150 thousand euros is practically absent on the island — only 7 transactions or 0.5%.
The market adapts to economic conditions
Experts note that 2025 became a period of adaptation for the Cyprus real estate market. Rising interest rates, increasing construction costs, and changes in buyer behavior affected the structure of demand. Apartments have become the most accessible option for a wide audience, including middle-income families and small investors. At the same time, houses have firmly established themselves as a product for a more affluent category of buyers.
According to Landbank head Andreas Christoforidis, apartments remain the main choice for most buyers, especially in the segment up to 300 thousand euros. Houses, meanwhile, have firmly established themselves in higher price categories, where about 40% of transactions are concentrated in the 300 thousand – 500 thousand euro range.
He emphasizes that despite existing challenges, the real estate market continues to play a key role in the country’s economy. It covers the entire spectrum of demand — from affordable housing to premium-class properties. Additionally, the market is supported by stable economic growth in Cyprus, interest from foreign investors, and the development of the tourism sector. All this creates a solid foundation for the further development of the real estate sector. As a result, 2025 can be described as a period of restructuring, when the market became more mature and buyers more conscious in their decisions.