Cyprus Apartment Sales Accelerate as Buyers Prioritize Affordability in 2025

Recent data from Landbank Analytics reveals a significant transformation in Cyprus’ real estate landscape, with apartments emerging as the top choice for buyers seeking cost-effective housing solutions in 2025. This shift underscores a clear focus on affordability amid changing economic conditions, reflecting the genuine purchasing power of households across the island.

Apartment Sales Dominate the Market

In 2025, apartments have accounted for the majority of property transactions, totaling 6,382 sales and generating a combined value of approximately €1.77 billion. The bulk of this activity is concentrated in the more accessible price ranges, particularly between €150,000 and €300,000, which alone make up 53.2% of apartment purchases with 3,396 units sold.

The segment priced below €150,000 also remains significant, with 1,353 transactions (21.2%), highlighting that affordability remains key for most buyers. Meanwhile, demand tapers off notably beyond the €300,000 mark, where fewer transactions have been recorded, indicating that higher-end apartment sales still represent a niche market.

Specifically, pricey apartments above €500,000 are limited in number: 234 units sold in the €500,000–€750,000 range (3.7%), 60 up to €1 million (0.94%), and 134 crossing the €1 million threshold (2.1%). This confirms that luxury apartments retain their exclusivity in Cyprus’ property market.

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House Sales Lean Towards Premium Segments

The housing market displays a contrasting trend compared to apartments. Out of 1,437 houses sold, activity is heavily skewed towards the mid-to-high price brackets. The largest share—574 sales or 40%—occurred in the €300,000–€500,000 range. The €150,000–€300,000 segment follows with 405 transactions (28.2%).

Higher-end houses continue to make up a notable portion of the market, with 255 units (17.75%) sold between €500,000 and €750,000, 80 (5.6%) between €750,000 and €1 million, and 116 properties (8.1%) exceeding €1 million in value. Conversely, very affordable houses below €150,000 remain scarce, with only 7 sales (0.5%) recorded, a trend reflecting rising construction costs and constraints in housing supply.

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Emergence of a Two-Speed Property Market

According to Andreas Ph. Christophorides, CEO of Landbank Analytics, apartments now serve as a “safe haven” for middle-income families and entry-level investors navigating a market in flux. In contrast, houses hold their appeal predominantly for wealthier buyers investing in higher-value homes.

This dynamic has given rise to a “two-speed” property market in Cyprus, where affordable housing demand remains steady and robust, while premium properties maintain a selective but sustained level of activity.

Adapting to Economic Realities

Overall, the 2025 analysis offers a realistic snapshot of Cyprus’ property market adapting to economic factors. The prioritization of affordable apartments aligns with household financial capacities. At the same time, higher-tier properties continue to attract attention from affluent purchasers, preserving the diversity and vibrancy of the island’s real estate sector.

For a broader view of the Cyprus property market, including commercial and residential options, explore our comprehensive listings across Houses for Sale in Cyprus and beyond.