Nicosia, Cyprus. Cyprus’ newly built residential property market exceeded €2.5 billion in 2025, with apartments accounting for more than eight in ten transactions, according to Landbank Analytics.
Market totals and transaction split
Landbank Analytics, using land department data, reported 7,819 contracts filed for new homes, including off-plan developments, indicating strong activity across all districts.
Apartments dominated with 6,382 transactions, or 81.6 per cent, generating €1.77 billion in value, while houses accounted for 1,437 transactions worth €737.9 million.
Highest-priced deals
The most expensive transaction involved a Limassol apartment sold for about €15.2 million, while the highest-priced house reached roughly €6.2 million.
Nicosia: steady domestic demand
Nicosia recorded 2,171 new residential transactions, including 1,836 apartment sales and 335 house sales, generating €349.6 million and €105.5 million respectively.
Average apartment prices stood near €190,000, the lowest nationwide, while houses averaged around €315,000, reflecting a stable, locally driven market profile.
Limassol: highest overall activity
Limassol registered 2,207 transactions, including 1,936 apartments and 271 houses.
Apartment sales generated €824.1 million, or 83.9 per cent of district value, while houses contributed €157.9 million.
Average apartment prices exceeded €425,000, and houses averaged €583,000.
Larnaca: strong activity with competitive pricing
Larnaca recorded 2,020 transactions, including 1,770 apartment sales worth €353 million and 250 house transactions valued at €96.3 million.
How do the apartment and house price levels in your district compare with the 2025 averages reported for Cyprus?
