In the first nine months of 2024, according to the Land Registry, 5,253 contracts for the purchase and sale of new housing were registered in Cyprus, which is 19.2% more than in the same period of 2023.In addition, the total value of purchased new properties (including apartments and houses) increased by 25%, exceeding 1.9 billion euros.
Using the Landbank Analytics analytical database, you can calculate the average cost of new real estate of different types.
Villas
- Limassol - 696,200 euros,
- Paphos - 615,600 euros,
- Larnaca - 336,600 euros,
- Famagusta – 331,400 euros,
- Nicosia - 309,300 euros.
Apartments
- Limassol – 558 200 euros,
- Paphos - 332,600 euros,
- Nicosia – 198,400 euros,
- Larnaca – 195,800 euros,
- Famagusta – 162,800 euros.
Source: Cyprus Property News
