Nicosia, Cyprus. Cyprus’ market for newly built residential property in 2025 showed strong demand for apartments, with buyers concentrating mainly in lower and mid-range price brackets, according to Landbank Analytics.
Data and methodology
The analysis was based on contracts of sale submitted to the department of lands and surveys for newly built residential properties sold off-plan or under construction.
Apartment market led transactions
Apartments remained the dominant choice for buyers across the island. The €150,000 to €300,000 category was the most popular, accounting for 3,396 transactions, or 53.2 per cent of the total.
The €0 to €150,000 range recorded 1,353 sales, representing 21.2 per cent. A further 1,205 apartment sales were recorded in the €300,000 to €500,000 bracket, equivalent to 18.9 per cent, while 234 transactions took place in the €500,000 to €750,000 range, or 3.7 per cent.
In higher price brackets, 60 new apartments were sold for between €750,000 and €1 million, representing 0.94 per cent, while 134 apartments, or 2.1 per cent, were sold for more than €1 million.
Overall, the apartment segment accounted for 6,382 transactions valued at €1.77 billion in 2025.
House sales concentrated at higher prices
The housing market showed a different structure, with demand concentrated in higher price ranges. Of the 1,437 house sales recorded in 2025, the largest share was in the €300,000 to €500,000 range, with 574 transactions, or 40 per cent.
The €150,000 to €300,000 bracket followed, with 405 sales, accounting for 28.2 per cent.
Which price bracket do you think will drive Cyprus’ new-build residential market in 2026?
