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Cyprus’ New-Build Home Sales Reach €1.15 Billion In First Half

by THEFUTURE.TEAM

July 31, 2026

Cyprus’ new-build residential market recorded 3,594 apartment and house sales worth €1.149 billion in the first half of 2026, according to Landbank Analytics. Limassol generated the highest transaction value, Nicosia recorded the largest number of sales, while Paphos remained the leading district for high-value houses. Together, the figures highlight distinct trends across Cyprus rather than a uniform national market.

Mid-Market Homes Continue To Dominate

Between January 1 and June 30, new-build apartment and house sales recorded an average transaction value of €319,618, while the median price stood at €232,500. Apartments accounted for 2,977 transactions, or 82.8% of total sales, generating €810.6 million in value. Their average selling price reached €272,274, while the median stood at €215,000.

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House sales totalled 617 transactions worth €338.1 million. Although they represented just 17.2% of overall sales, houses generated 29.4% of the market’s total value, reflecting their higher price point. Average and median prices reached €548,049 and €365,000, respectively.

Most Homes Sold Below €400,000

Pricing data showed that 54.3% of all new-build homes sold for less than €250,000 during the first six months of the year. Including properties priced between €250,000 and €400,000, the share rose to 83% of total transactions. At the upper end of the market, only 103 homes, or 2.9% of all sales, changed hands for more than €1 million.

Nicosia Records Highest Sales Volume

Nicosia led Cyprus in transaction volume with 1,063 new-build residential sales worth €232.9 million. Average transaction value reached €219,108, while the median price stood at €185,000. Apartments accounted for 894 sales, compared with 169 houses.

Lakatamia recorded the highest level of activity with 200 transactions, followed by Strovolos (183), Latsia (132), Engomi (100) and Aglantzia (95). Activity in the capital remained concentrated in apartment developments targeting domestic buyers.

Limassol Leads In Market Value

Limassol generated €435 million from 1,050 new-build transactions, accounting for 37.9% of the market’s total value despite representing 29.2% of overall sales. Average transaction value reached €414,307, while the median price stood at €302,910. Apartment sales totalled 895, compared with 155 houses.

Within the district, Limassol municipality led with 384 transactions worth €136.1 million. Agios Athanasios followed with 148 sales, while Germasogeia recorded 132. Median transaction value in Germasogeia reached €472,500, placing it among Cyprus’ most expensive residential markets.

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Shein Targets $25 Billion Valuation In Hong Kong IPO As Growth Slows

by News Editor

August 17, 2026

Shein is reportedly targeting a valuation of around $25 billion in its planned Hong Kong IPO, a sharp decline from the nearly $100 billion valuation the online fashion retailer achieved in a 2022 fundraising round.

Two people familiar with the plans said the company was likely to target about $25 billion, while another source put the expected range at $25 billion to $28 billion based on the proposed price band.

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IPO Valuation Falls Sharply

Shein plans to sell up to 8% of its shares in the offering, according to a person familiar with the plans. At a $25 billion valuation, that would translate into an IPO of as much as $2 billion.

The latest target is also below the $30 billion to $40 billion valuation the company was seeking earlier this month as it began meeting with potential investors.

Founded in China in 2012 and now headquartered in Singapore, Shein sells low-cost clothing to consumers in about 160 countries. The company is expected to launch its long-awaited Hong Kong IPO later this week.

Trade Restrictions Weigh On Growth

Shein’s valuation has come under pressure as major markets tighten rules affecting low-cost e-commerce shipments. The European Union, for example, has moved to impose additional fees on cheap parcels from platforms such as Shein and Temu. EU Tightens Rules On Low-Cost E-Commerce Parcels

In the U.S., the removal of an import duty exemption for small packages has also affected the company. Shein reported a $99 million quarterly loss in the first quarter of 2026 as sales growth slowed, while a one-time accounting charge further weighed on its results. Shein Reports First-Quarter Loss Ahead Of IPO

Investors Question Shein’s Growth Prospects

The steep reduction in valuation reflects growing concerns over slower growth, higher trade costs, regulatory pressure and stronger competition across global e-commerce.

Some investors who reviewed Shein’s recent financial statements or attended IPO presentations told Reuters they were skeptical that the company could return to the growth rates that supported its $98.2 billion valuation in 2022. Shein’s Slowing Growth Tests Investor Appetite

A lower IPO valuation could also affect Shein’s existing investors. Under the terms of its IPO filing, the company may have to issue additional shares to certain pre-IPO investors if its valuation falls below agreed thresholds.