More than half of all new apartment buyers in Cyprus last year paid between €150,000 and €300,000, while the typical house buyer spent significantly more, according to an analysis of 2025 sale contracts by Landbank Analytics.
The analysis, based on contracts submitted to the Department of Lands and Surveys, covers off-plan and under-construction new residential properties across the island. Apartments dominated the new-build market, with 6,382 sales worth a combined €1.77 billion.
The €150,000–€300,000 band was the most popular apartment category, accounting for 3,396 sales or 53.2% of the total. The sub-€150,000 band came second with 1,353 sales (21.2%), followed by the €300,000–€500,000 range with 1,205 sales (18.9%). Higher-end apartment transactions were less common: 234 sales fell in the €500,000–€750,000 range (3.7%), 60 between €750,000 and €1 million (0.94%), and 134 above €1 million (2.1%).
The house market tells a different story. Of the 1,437 new houses sold in 2025, the largest share — 574 sales or 40% — fell in the €300,000–€500,000 band, with the €150,000–€300,000 range accounting for a further 405 sales (28.2%). Higher price points were also well represented: 255 sales in the €500,000–€750,000 range (17.75%), 80 between €750,000 and €1 million (5.6%) and 116 luxury homes above €1 million (8.1%). Fewer than ten new houses were sold below €150,000.
Landbank Group CEO Andreas Christoforidis said apartments had established themselves as the main choice for the mass of buyers and investors, with prices up to €300,000 at the core, while houses had consolidated at higher price levels. “Our analysis shows that, despite the challenges, the property sector remains the backbone of the economy, offering options that cover the full spectrum of purchasing power, from affordable housing to the luxury market,” he said. He described 2025 as a year of adjustment, in which the apartment market functioned as a refuge for the average family and small investor, while houses settled as the choice for higher-income buyers.
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