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.
