Lakatamia, Nicosia: What 246 Listings Reveal About Prices

Lakatamia is the largest suburb on the south-western edge of Nicosia, and around 9,900 people a month search Google for it. Most want a practical answer: what can you buy there, and for how much? We looked at every Lakatamia listing on index.cy in October 2026 to find out.

The market is bigger and more apartment-led than most of the villages we have covered. Of 246 listings, 238 are for sale and 8 are rentals. Apartments are the biggest group at 129, followed by 52 houses and 46 plots of land. The median two-bedroom apartment asks EUR195,000, the median three-bedroom house asks EUR358,000, and small building plots ask a median of about EUR309 per square metre. This guide walks through each segment, then ends with the checks worth making before you pay a deposit.

Where Lakatamia Is and Why It Matters for Nicosia Property

According to Wikipedia’s Lakatamia entry, Lakatamia is a south-western suburb of Nicosia that grew from two small villages, Upper and Lower Lakatamia, as the capital expanded. It covers 27.45 km2, had 38,345 residents at the 2011 census, and is the third-largest municipality in Nicosia District and the fifth-largest in Cyprus.

The 2024 local government reform enlarged it further. Wikipedia’s page on the administrative divisions of Nicosia says the new Lakatameia municipality covers 53,273 people (2021), made up of Lakatameia itself (43,276), Tseri (8,304) and Anthoupolis (1,693). One practical consequence is that “Lakatamia” on a listing can mean the old town or the wider municipality, so confirm the exact street before you compare prices.

The name is thought to come from the “alakatia”, the water wheels once used to draw groundwater, and the municipality still uses an alakati as its emblem. For the wider city, read our guide to living in Nicosia and browse all Nicosia properties for sale.

What 246 Lakatamia Listings Show About the Market Mix

Unlike the plot-heavy villages in our recent guides, Lakatamia is a genuine residential market. More than half of the sale stock is apartments, and the rest is split between family houses and building land.

Property type	Listings	Share of 246
Apartments for sale	129	52%
Houses for sale	52	21%
Plots of land for sale	46	19%
Commercial, building and untyped	11	5%
Rentals (3 apartments, 5 houses)	8	3%

Index.cy tags 181 of the listings simply “Lakatamia” and 65 as “Lakatameia – Agios Nikolaos”, which is a useful split because the two groups price differently, as the apartment section shows. Duplication exists but is modest: 44 of the 46 plots are distinct by size and price, so the figures below describe the market rather than one repeated advert.

Apartments in Lakatamia: Two-Bedrooms Cluster Around EUR195,000

Apartments are the heart of the market. Of 129 priced apartments, 91 are two-bedroom, 26 are one-bedroom and 12 are three-bedroom.

Apartment size	Listings	Price range	Median
1 bedroom	26	EUR119,000 to EUR158,000	EUR135,000
2 bedrooms	91	EUR145,000 to EUR305,000	EUR195,000
3 bedrooms	12	EUR185,000 to EUR365,000	EUR256,500

The two-bedroom band is tight. Fifty-eight of the 91 two-bedroom listings sit between EUR175,000 and EUR215,000, 54 ask EUR200,000 or less, and only five ask EUR250,000 or more. For one-bedrooms, 22 of 26 ask EUR140,000 or less. A buyer with a budget near EUR200,000 therefore has real choice, which is rare in the capital.

The tags matter. The 69 two-bedrooms tagged Lakatamia have a median of EUR190,000, while the 22 tagged Lakatameia – Agios Nikolaos have a median of EUR227,000, about 19% higher. We cannot say from listing data alone what drives the gap, whether newer buildings, location or specification, so treat it as a prompt to ask questions, not as a rule.

To see how Lakatamia compares, check our average price for a 2-bedroom apartment in Nicosia and browse current apartments for sale in Cyprus. Our apartments for sale in Nicosia guide covers the wider capital.

Houses in Lakatamia: A Wide Spread, With Most Under EUR400,000

We found 52 houses for sale, 51 of them with a stated bedroom count. Three-bedroom homes dominate, followed by four-bedroom homes, and prices are far more spread out than for apartments.

House size	Listings	Price range	Median
3 bedrooms	33	EUR205,000 to EUR850,000	EUR358,000
4 bedrooms	13	EUR330,000 to EUR619,000	EUR395,000
5 bedrooms	5	EUR260,000 to EUR1,490,000	EUR600,000

Thirty-five of the 51 houses ask EUR400,000 or less, so the family-home market is accessible by Cyprus standards. The top end is thin: the five most expensive houses ask between EUR630,000 and EUR1,490,000. One further listing, a 6-bedroom-plus house at EUR18,000,000, is an outlier that we excluded from every median because it would distort the picture.

The EUR205,000 low end for a three-bedroom house and the EUR260,000 low end for a five-bedroom house suggest older stock or properties needing work, so ask for the building age and permit status. For nearby comparisons, see our guides to houses for sale in Nicosia and to neighbouring Strovolos and Latsia.

A 2019 street-level drive through Lakatamia by a travel channel. It shows the look of the suburb, not current prices or conditions.

Plots of Land in Lakatamia: Small Plots Cost Far More per Square Metre

Land is a smaller part of the market than in villages, but it is not cheap. Of 46 plots, 25 are under 1,000 sqm, seven are between 1,000 and 2,000 sqm, and 14 are larger than 2,000 sqm. Price per square metre falls sharply as size rises.

Plot size band	Plots	Median price per sqm
Under 1,000 sqm	25	EUR309
1,000 to 2,000 sqm	7	EUR235
Over 2,000 sqm	14	EUR91

The small plots are the building-ready segment: 400 to 960 sqm, asking EUR135,000 to EUR370,000. Typical examples include 520 sqm at EUR135,000, 599 sqm at EUR150,000 and 827 sqm at EUR370,000. At the other end, 2,119 sqm plots ask EUR180,000 to EUR216,000, and four land banks of 12,607 to 75,690 sqm ask between EUR250,000 and EUR5,500,000.

The size discount is not just a bargain. A large plot may be zoned for agriculture or only partly buildable, and a very small one may have a low coefficient. Always ask for the planning zone and the maximum buildable area before comparing prices. Our guide to plots of land for sale in Cyprus and our Land Registry explainer show how to check both.

Renting in Lakatamia: Eight Listings, Too Few for a Yield

There are eight rentals: two two-bedroom apartments at EUR850 and EUR1,350 a month, a three-bedroom apartment at EUR1,500, and five houses. The houses are a three-bedroom at EUR2,000, another at EUR2,500, two four-bedrooms at EUR1,700 and EUR1,600, and a five-bedroom at EUR2,000.

We do not publish a rental yield. Two apartment rents against 91 sale prices is not a sample, and asking rents differ widely by building and tag. If you plan to let, collect comparable rents for your exact street, then use our apartments for rent in Nicosia guide as a starting point.

What the Market Data Says About Timing

Nationally, the market is busy. Cyprus Mail reported 13,288 contracts of sale in the first eight months of 2026, up 13.7% on the same period of 2025. Nicosia was the slowest-growing district: August contracts rose 8.2% year on year and the eight-month rise was 5.6%.

Slower growth does not mean falling prices, and these figures cover the whole district, not Lakatamia. What they suggest is that the capital is not being swept along by the speculative demand seen on the coast, which may give buyers more time to compare. Treat that as context, not a forecast.

Who Lakatamia Suits, and Who Should Look Elsewhere

The listings point to three kinds of buyer. First-time buyers and couples can find one- and two-bedroom apartments from EUR119,000 to about EUR215,000. Families can find three- and four-bedroom houses mostly between EUR300,000 and EUR600,000. Builders with a clear brief can look at small plots from EUR135,000.

It is a weaker fit for buyers who want sea views, a resort setting or a quiet village feel. Lakatamia is a dense suburb with an air force base on its eastern side, according to Wikipedia, and its appeal is access to Nicosia, schools and services. For a similar suburb, look at Latsia or Strovolos.

Practical Checks Before Buying Property in Lakatamia

Start with the location tag. Confirm whether the property is in old Lakatamia, Agios Nikolaos, Tseri or Anthoupolis, because the 2024 reform blurred the boundaries and prices differ between the areas. Next, check the title: ask whether the title deed is issued, whether there is a mortgage or lien, and whether the building has a certificate of final approval. Our due diligence guide lists the documents to request.

Then budget for the full cost: transfer fees, VAT on new builds, legal fees and a survey. Compare mortgage options in our financing guide. For a second opinion on a specific home, our inspection service can check it before you commit, and our instant property report helps place an asking price in context.

Frequently Asked Questions About Buying in Lakatamia

Where is Lakatamia? It is a south-western suburb of Nicosia, Cyprus, and the third-largest municipality in Nicosia District, according to Wikipedia.

How much does an apartment cost in Lakatamia? On the 129 apartments we found, one-bedrooms ask EUR119,000 to EUR158,000 (median EUR135,000), two-bedrooms ask EUR145,000 to EUR305,000 (median EUR195,000) and three-bedrooms ask EUR185,000 to EUR365,000 (median EUR256,500).

How much does a house cost in Lakatamia? Three-bedroom houses have a median asking price of EUR358,000 and four-bedroom houses EUR395,000, and 35 of the 51 houses with a bedroom count ask EUR400,000 or less.

How much does land cost in Lakatamia? Plots under 1,000 sqm ask a median of about EUR309 per square metre, falling to about EUR91 for plots over 2,000 sqm.

Are there rentals in Lakatamia? We found eight, asking EUR850 to EUR2,500 a month, which is too few to set a market rate.

Is Lakatamia a good place to invest? The data shows an affordable, liquid-looking apartment market, but asking prices are not sale prices and we cannot calculate a yield from eight rentals. Verify each property with a lawyer.

The Short Version for Buyers and Investors

Five things the 246 listings establish about property in Lakatamia, Nicosia:

1. It is an apartment market. 129 of 238 sale listings are apartments, with a median two-bedroom price of EUR195,000.
2. Two-bedrooms are tightly priced. 58 of 91 ask between EUR175,000 and EUR215,000.
3. Tags matter. Two-bedrooms tagged Lakatameia – Agios Nikolaos have a median about 19% higher than those tagged Lakatamia.
4. Houses are accessible. 35 of 51 houses ask EUR400,000 or less, with a median of EUR358,000 for three-bedrooms.
5. Small plots are expensive per square metre. The median is about EUR309 for plots under 1,000 sqm, against about EUR91 above 2,000 sqm.

Every figure comes from asking prices on live index.cy listings collected in October 2026, not completed sales, and Cyprus asking prices usually run ahead of final prices. Use this guide to shape your questions, then verify each property with a lawyer.