Philenews

Real Estate Market Reached €2.5 Billion in 2025 – New Home Price Trends by Province

Published February 16, 2026, 09:19
Real Estate Market Reached €2.5 Billion in 2025 – New Home Price Trends by Province

The market for new homes in Cyprus reached €2.5 billion in 2025, with apartments dominating sales, accounting for 81.6% of the total volume. Landbank Analytics' analysis, based on sales contracts, shows that 7,819 sales contracts were submitted for apartments and houses. The value of apartments amounted to €1.77 billion, while that of houses reached €737.9 million. Limassol emerges as an investment hub, with the most sales (2,207) and the highest average apartment price (€425,000+). Nicosia, on the other hand, is the most affordable province for apartments (€190,000 on average), reflecting stable domestic demand. Paphos stands out in houses, with the highest average prices nationwide (€710,000). Larnaca is experiencing growth with competitive prices, with an average apartment price close to €200,000 and houses at €385,000. Famagusta, with its tourism orientation, has higher house prices (€513,000+), due to holiday homes and coastal developments. Overall, the apartment market is the driving force behind the Cypriot real estate market, with each province presenting different characteristics and dynamics. Landbank Analytics' analysis provides a comprehensive picture of the market, highlighting trends and buyer preferences.