Cyprus’s property market is operating at multiple speeds, with Paphos’s Akamas area commanding the island’s highest average sale price at over €646,000 – surpassing even Limassol’s premium Germasogeia district – whilst Larnaca and Nicosia lead nationwide in transaction volume by attracting mid-budget buyers.
The analysis by Landbank Analytics for January to October 2025 maps the areas functioning as “magnets” of the market, revealing a divide where Limassol dominates in transaction value with sales exceeding €737 million, Paphos captures the luxury segment, and Larnaca and Nicosia rack up the highest number of deals.
Limassol: The engine of the property market
The Limassol district confirms its role as market leader, with three areas ranking amongst the top nationwide. Germasogeia claims first place with sales of €351.5 million and an average price of €583,905, establishing itself as a magnet for high-value investment.
Limassol Municipality follows with €274 million, whilst the Kourion area adds €111.7 million, taking sixth place nationwide. The three areas combined for approximately 1,600 transactions, blending high prices with strong volume.
Paphos: Hub for luxury and premium properties
The Paphos district has emerged as the destination par excellence for luxury properties, with three areas in the top ten. The Akamas area, though ranking seventh in total value at €88.5 million, commands the highest average price nationwide at over €646,000 – outstripping even Germasogeia.
Paphos Municipality recorded sales of €124.6 million (fifth place), whilst Geroskipou followed with nearly €78 million. In all three cases, average sale prices exceed €420,000, underlining the quality and premium profile of properties on offer.
Larnaca: Champion in transaction volume
The Larnaca district recorded the greatest activity in the ten-month period of 2025. Larnaca Municipality posted the highest number of sales nationwide with 927 transactions worth €207.2 million.
Together with Aradippou, which ranks ninth with 394 transactions worth €77.9 million, the district attracts buyers seeking more accessible options, with average prices hovering around €200,000 to €220,000.
Nicosia: Stable pillar for the middle class
The Nicosia district maintains its role as the base for domestic demand, with two areas in the top nationwide list and total sales close to €207 million.
Nicosia Municipality ranks fourth with 624 transactions worth €130 million, whilst Lakatameia completes the top ten, offering the most competitive average price amongst leading areas at €195,000. The district is characterised by stability, high marketability and orientation towards local population housing needs.
Christoforides: Multi-speed market with real depth
Commenting on the findings, Andreas Christoforides, CEO of the Landbank Group, said the analysis highlights the diversity of Cyprus’s property market and reveals its real depth.
Areas like Limassol and Akamas function as magnets for high-income capital whilst maintaining prices at record levels, he noted. Larnaca and Nicosia demonstrate their resilience through large transaction volumes, covering steady demand for affordable housing, he said.