Resale Property Demand Spurs Growth Across Cyprus in Early 2025

The Cyprus real estate resale market showed remarkable momentum in the first half of 2025, according to the latest insights from Landbank Analytics. Activity remains vibrant with distinct dynamics between houses and apartments, shaped by regional preferences and pricing trends throughout the island.

Apartment Resale Transactions Surge, Outpacing Houses in Volume

Data reveals apartments have more than doubled resale transaction numbers compared to houses, signaling robust demand for affordable living spaces. While houses accounted for a total sales value of €190.3 million from 552 deals, apartments recorded 1,162 sales with a combined value close behind at €185 million. This disparity highlights apartments’ appeal among both local buyers and investors seeking cost-effective real estate options in Cyprus.

This trend echoes patterns observed in newly built properties, reinforcing that housing—particularly apartments and houses—remains the cornerstone of Cyprus’ resale market, trusted as a stable investment class.

Regional Market Insights: Limassol Retains Its Premium Status

The regional breakdown unveils diverse characteristics across the districts:

• Nicosia leads apartment sales with 458 transactions averaging €143,118, while houses recorded 163 sales at an average price of €283,641.
• Limassol remains the island’s priciest district. Houses averaged €527,252 from 122 sales, and apartments held strong at €261,378 across 201 deals, solidifying its position for premium property demand.
• Larnaca shows a balanced market, with apartments dominating at 220 sales averaging €142,161 and houses at 126 sales averaging €249,382.
• Paphos features apartments leading with 203 transactions priced at the lowest national average of €129,774, while houses at 90 sales came in second highest after Limassol, averaging €386,828.
• Famagusta reported moderate demand with 80 apartment sales averaging €115,664 and 51 house sales averaging €264,039, reflecting generally lower price points.

Diverse and Resilient: Cyprus Resale Market Outlook

Andreas Christoforides, CEO of Landbank, emphasizes the market’s flexibility and regional uniqueness: “Each district sustains its own identity, with Limassol leading the luxury segment and Nicosia, Larnaca, and Paphos continuing to attract demand for affordable housing and investment apartments.”

He concludes that the current phase marks a mature, stable period providing buyers and investors with a broad spectrum of options across various price brackets.

For those interested in exploring affordable living across Cyprus, visit our listings for Cheap Apartments for Sale Cyprus and discover opportunities in resale markets that cater to a range of budgets and preferences.

Overall, these trends underscore the resilience and multifaceted nature of Cyprus’ property resale sector, balancing affordability with premium offerings and regional variety.