Apartments absorbed eight in ten new home sales in Cyprus in 2025, driving the market to a total value of €2.5 billion, according to analysis by Landbank Analytics.
The data, based on sales documents filed with the Department of Lands and Surveys, shows 7,819 transactions for new homes across Cyprus. Apartments accounted for 6,382 sales (81.6%) worth €1.77 billion, whilst houses totalled 1,437 sales (18.4%) worth €737.9 million.
Limassol recorded the year’s most expensive transaction—a €15.2 million apartment. The priciest house sold for approximately €6.2 million.
Limassol leads with highest prices
Limassol recorded the most sales at 2,207 (1,936 apartments, 271 houses), with apartments worth €824.1 million (83.9%) and houses €157.9 million. Average apartment prices exceeded €425,000, whilst houses averaged €583,000.
Nicosia offers affordability
Nicosia saw 2,171 sales (1,836 apartments, 335 houses), with apartments worth €349.6 million (76.8%) and houses €105.5 million. The district emerged as the most affordable for apartments at an average €190,000, whilst houses averaged €315,000.
Larnaca combines volume and competitive pricing
Larnaca completed 2,020 sales (1,770 apartments, 250 houses), valued at €353 million for apartments and €96.3 million for houses. Average apartment prices hovered near €200,000, with houses remaining competitive at €385,000.
Paphos dominates luxury house market
Paphos closed 2025 with 1,078 sales (673 apartments, 405 houses) totalling €503.2 million. House values (€287.8 million, 57.2%) exceeded apartments (€215.4 million). The district recorded the highest average house prices Cyprus-wide at €710,000, whilst apartments averaged €320,000.
Famagusta targets holiday homes
The free Famagusta district recorded 343 sales (176 houses, 167 apartments), with houses worth €90.4 million outpacing apartments at €32.4 million. Average apartment prices stood at €194,000, whilst houses exceeded €513,000, driven by holiday home demand and coastal developments.
Andreas Christoforides, CEO of Landbank Group, said the apartment market remains the driving force of the Cypriot market, with Limassol maintaining its lead in apartment prices, Paphos standing out in houses, Nicosia offering stability and affordability, and Larnaca combining transaction volume with competitive prices.