Limassol and Nicosia are the leaders in terms of real estate sales in Cyprus. From January 2019 to August 2024, 13,415 apartments were sold in Nicosia, while 13,092 apartments were sold in Limassol. At the same time, the prices of the city's facilities are in sharp contrast, which is reflected in the amount of transactions: 2.1 billion euros in Nicosia and 5.1 billion euros in Limassol. Such calculations are provided by the analytical company Ask Wire.
Prices for luxury apartments in Limassol range from 5 million and above, while in the capital you can find affordable options starting from 50,000 euros. Thus, Limassol is a leader in the luxury real estate segment, and Nicosia is in the affordable housing segment.
The segment of the average price category (from 201,000 to 500,000 euros) also shows the difference between cities.There were 5,467 transactions worth 1.7 billion euros in Limassol, and 2,123 transactions worth 577 million euros in Nicosia.
In detail the results of the year in the Cyprus real estate market were described in the article.
Source: Cyprus Property News