A recent analysis by Landbank Analytics for January–October 2025 highlights the islands ‘hot spots’ shaping the Cyprus property market and driving investment across the island.
The report reveals a multi-speed market: Limassol dominates in transaction value, Paphos tops the charts for average sale prices, and Larnaca and Nicosia lead in the number of deals, attracting mid-range buyers seeking accessible housing options.
Limassol and Paphos dominate high-value transactions
Limassol District continues to act as the engine of the Cyprus property market. Three areas in Limassol rank among the top nationwide, collectively generating over €737 million in sales.
- Germasogeia: €351.5 million in sale transactions, average price €583,905
- Limassol Municipality: €274 million in sale transactions.
- Kourion area: €111.7 million in sale transactions.
Together, these areas recorded around 1,600 deals, confirming Limassol’s position as a hub for high-value property.
Meanwhile, Paphos is emerging as the island’s prime luxury destination. The Akamas area posts the highest average sale price in Cyprus, exceeding €646,000, outperforming even Germasogeia.
Other standout locations include Paphos Municipality, with sales worth €123.6 million, and Geroskipou, with nearly €78 million. All areas in the district maintain an average price above €420,000, underscoring Paphos’ appeal to affluent buyers.
Larnaca and Nicosia maintain transaction volumes
Larnaca District is the busiest market in terms of transaction numbers. Larnaca Municipality recorded the highest number of deals nationwide, completing transactions worth €207.2 million.
Alongside Aradippou, which logged 394 deals valued at €77.9 million, the district attracts buyers seeking more affordable property, with average prices between €200,000 and €220,000.
The market in Nicosia remains stable. Nicosia Municipality ranks fourth nationwide, completing 624 transactions worth €130 million, while Lakatamia rounds out the top ten with an average sale price of €195,000, the lowest among leading areas.
A property market of depth and diversity
Landbank Group CEO Andreas Christoforides commented that the analysis highlights the diverse nature of the Cyprus property market.
He noted that Limassol and Akamas attract high-income capital, sustaining record-level prices, while Larnaca and Nicosia show resilience through strong transaction volumes and continued demand for affordable housing.
