A pronounced shift towards more affordable housing options is reshaping the property market in Cyprus, with apartments firmly dominating buyer preferences, according to a 2025 analysis by Landbank Analytics.
The analysis highlights both the realistic purchasing power of households and a growing divergence between mainstream demand and higher-value investment activity.
Apartments lead property sales in 2025
Apartments represent the primary choice for the vast majority of buyers, accounting for 6,382 transactions with a combined value reaching €1.77 billion.
Demand is heavily concentrated in lower and mid-price brackets, with the €150,000–€300,000 category recording 3,396 sales, representing 53.2% of all apartment transactions.
The €0–€150,000 segment follows with 1,353 transactions (21.2%), reinforcing the view that the market is largely operating within the financial reach of the average household.
Activity declines noticeably at higher price levels. The €300,000–€500,000 range recorded 1,205 sales (18.9%), while transactions above €500,000 remain comparatively limited.
Specifically, 234 apartments were sold between €500,000 and €750,000 (3.7%), 60 up to €1 million (0.94%), and 134 above €1 million (2.1%), confirming that the luxury apartment segment remains relatively niche.
Houses shift towards higher price brackets
In contrast, the housing segment demonstrates a clear shift towards higher price brackets, reflecting a distinctly different market structure.
Out of 1,437 house sales, the largest share was recorded in the €300,000–€500,000 category, which accounted for 574 transactions (40%).
The €150,000–€300,000 segment followed with 405 sales (28.2%), while activity at higher price levels remained significant.
A total of 255 houses were sold between €500,000 and €750,000 (17.75%), 80 between €750,000 and €1 million (5.6%), and 116 properties exceeded €1 million (8.1%).
At the lower end of the market, supply remains extremely limited, with just seven transactions recorded below €150,000 (0.5%), underlining the rising cost of construction and housing delivery.
Two-speed property market
According to Landbank Analytics CEO Andreas Ph. Christophorides, apartments have effectively become a “safe haven” for middle-income families and small-scale investors during a period of market adjustment.
Houses, meanwhile, have consolidated their position as a choice primarily for higher-income buyers, creating what increasingly resembles a two-speed housing market.
Overall, the analysis paints a picture of a property sector adapting to economic realities. Demand for affordable housing remains robust, while interest in premium real estate continues selectively, sustaining activity at the top end of the market.
