Cyprus Property in 2025: Sales Rise Despite Price Adjustments

The Cyprus property market is showing impressive dynamics in 2025, despite some price adjustments in the new build segment. According to the Department of Lands and Surveys, in the first four months of the year, housing sales increased by 12%, reaching 5,541 units. April 2025 showed particularly bright results: 1,404 transactions, which is 3% more than in April last year. This positive trend is observed in all major cities of the island, although with varying intensity.

Limassol, traditionally a center of attraction for foreign investors, shows a sales increase of 12% (1,756 transactions), Nicosia and Larnaca show even more impressive results - +15% (1,286 and 1,185 transactions respectively). Paphos, popular among tourists, notes a more modest, but still positive growth of 4% (1,067 transactions). Even Famagusta, a region with a more complex history, shows a 12% increase in sales (247 transactions).

However, the picture is not so clear-cut if you look at the data from Landbank Analytics. The analysis shows that the average sale price of apartments in new buildings has decreased by 11% in 2024, reaching 281,000 euros. At the same time, the average price of new homes has remained stable at 461,000 euros. This phenomenon, according to Andreas Christophoridis, CEO of Landbank Group, is explained by two main factors.

Firstly, local buyers are increasingly looking for more affordable housing, which naturally affects demand in the luxury apartment segment. Secondly, foreign investors, especially in Limassol, have become more interested in real estate in a lower price range. This indicates a certain change in market preferences, rather than a global decline in demand.

Overall, the situation on the Cyprus real estate market in 2025 is characterized as dynamic and ambiguous. The growth in the total number of transactions indicates that the island remains attractive to investors and home buyers. However, price adjustments in the new-build segment indicate the need for a more detailed market analysis and taking into account changes in buyer preferences.

This, in turn, presents both challenges and new opportunities for developers and realtors focused on flexibility and adaptation to changing conditions. Forecasting further developments requires further monitoring of the market situation and analysis of macroeconomic factors.