Cyprus resale property market reaches €727 million in first half of 2026
Cyprus resale property deals totalled €727.2 million across 3,202 transactions in the first half of 2026, with Limassol generating the highest value and price per square metre.
Cyprus' resale property market was worth €727.2 million from 3,202 transactions in the first half of 2026, according to Landbank Analytics, as reported by Cyprus Mail. The figures show major differences between districts in prices, transaction volumes and the types of properties changing hands.
Nicosia accounted for the largest share of transactions, with 1,155 sales worth €195.7 million, representing 36.1 per cent of national volume but 26.9 per cent of total value. Limassol recorded fewer transactions — 679 — but generated €262.9 million, or 36.2 per cent of total value, and the highest residential price per square metre.
Larnaca recorded 642 transactions worth €101.4 million, Paphos registered 414 transactions worth €121.4 million, and Famagusta recorded 312 transactions worth €45.8 million. The numbers highlight a wide gap between transaction volume and capital invested across the districts.
"The first-half figures confirm that Cyprus does not have one uniform resale market," said Landbank Group CEO Andreas Christophorides. "Nicosia drives transaction volume, Limassol attracts the most capital and records the highest prices per square metre, while the other districts offer different entry points and local hotspots."
The market remained concentrated at lower and middle price brackets, with 84 per cent of transactions involving properties priced at €300,000 or below. Apartments were the largest property category with 1,105 sales, followed by plots with 753, land with 640 and houses with 570.
What it means for residents
The data shows that location matters more than ever when buying or selling a home in Cyprus, and that district-level trends can differ sharply from the national picture.
- Buyers: Limassol remains the most expensive district per square metre, so those on tighter budgets may find better value in Nicosia, Larnaca or Famagusta.
- Sellers: Most transactions still happen below €300,000, meaning overpricing a property could leave it on the market longer than expected.
- Owners: Apartment values vary widely by district and number of bedrooms, so checking local median prices is more useful than relying on national averages.
This text is written from the source article and is not a translation of it.
