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Apartment price list in Cyprus
Cyprus Apartment Price List
Comprehensive Review for 2025
The 2025 Cyprus apartment price list presents a clear picture of a vibrant and evolving real estate market that is attracting more and more investors from around the world. Cyprus, the eastern Mediterranean island, continues to enjoy high demand for residential and investment apartments, primarily due to a stable economy, favorable weather conditions, and incentives for foreign investors, such as the Permanent Residency (PR) program and the Golden Visa program.
In 2025, the apartment price list in Cyprus is influenced by several key trends: rising property prices, increased demand from foreigners, rising rental yields, and significant differences between the southern part (Republic of Cyprus) and the northern part (Turkish area).
In this article, we will examine the apartment price list by major cities, highlight key market trends, compare regions, understand the factors affecting prices, and analyze investment potential.
Cyprus Apartment Price List - Breakdown by City
Prices in Cyprus vary depending on location, proximity to the sea, property type (new or second-hand), and local or international demand. Here is an overview by major cities in Southern Cyprus:
| City | Average Apartment Price (Euro) | Price per sqm (Euro) | Notes |
|---|---|---|---|
| Limassol | 300,000-600,000 | 3,300-4,000 | 10.7% annual increase, top destination for investors |
| Nicosia | 200,000-350,000 | 2,466-2,800 | Economic capital, lower prices in suburbs |
| Larnaca | 150,000-270,000 | 1,975-2,500 | Sales growth due to infrastructure development |
| Paphos | 200,000-400,000 | 1,891-2,500 | Tourist area with demand for holiday apartments |
| Ayia Napa | 250,000-400,000 | 3,000-4,000 | High tourism but economic volatility |
Northern Cyprus Apartment Price List - A Budget Alternative with Risks
Despite the temptation of low prices, the Cyprus apartment price list changes drastically when it comes to Northern Cyprus, an area not internationally recognized and under Turkish control. Apartments in the north are sold for £75,000-£150,000 (approx. €90,000-€180,000), mainly in cities like Kyrenia and Famagusta.
However, the market there is less stable - there are legal restrictions, foreigners are only allowed to purchase one property, and there are risks regarding land ownership. Rental yields are high (5-8%), but risks are commensurate.
Key Trends in the Cyprus Apartment Price List - 2025
- Continuous Price Increase - Apartment prices rose by 13.9% in the last year, mainly in Limassol, Paphos, and Larnaca.
- Growth in Sales - Approximately 2,800 apartments were sold in Limassol alone; Larnaca recorded a 66% increase in new apartment sales.
- Profitable Rental Yields - An average of 5.39% for apartments, especially in tourist cities.
- Decrease in Interest Rates - Average mortgage interest rates dropped to 4.11%, contributing to growing demand.
Main Factors Affecting the Cyprus Apartment Price List
- Demand from Foreign Investors - About 50% of market transactions are carried out by foreigners, thanks to the Permanent Residency (PR) program and the possibility of future citizenship.
- Developing Tourism - Over 600,000 tourists rent apartments in Cyprus annually, increasing the need for rental properties.
- Infrastructure Development - Airports, roads, and environmental projects contribute to increasing property values.
- Associated Costs - Electricity, water, taxes (up to 35% on rent), and maintenance costs are all considered by investors.
Is Now the Right Time to Invest?
According to the 2025 Cyprus apartment price list, property prices are still attractive compared to other real estate markets in Europe. The average price stands at €2,518 per sqm - lower than Germany, France, or Greece. The combination of high yields, favorable financing terms (4% interest), and permanent residency options make Cyprus an ideal destination for foreign investors.
The Cyprus Apartment Price List Indicates an Upward Trend
In conclusion, the 2025 Cyprus apartment price list reflects trends of rising demand and tight supply. Limassol and Larnaca are the leading cities with high growth, while Paphos and Ayia Napa offer prime tourist properties. Northern Cyprus remains cheaper but carries increased risks.
The Cypriot market offers a balance between economic stability and investment flexibility - representing a real opportunity for those looking to diversify their real estate portfolio.
The 2023 Cyprus apartment price list presents an updated snapshot of real estate costs on the island. The average price for real estate in Cyprus is €2,054 per sqm. The apartment price index for Q1 2023 showed an annual increase of 7.7%. Apartment prices rose by 8.4%, while house prices rose by 6.6%. Limassol has the most expensive real estate in the country, with the lowest average price being €2,420 per sqm. Residential property prices here rose by 10.8% between 2022 and 2023. Buyers and sellers pay taxes such as VAT, stamp duty, capital gains tax, or transfer tax when purchasing property in Cyprus. Depending on the size of the property, monthly utility bills in Cyprus range between €100 and €500. Residency-by-investment programs continue to operate, and purchasing property for €300,000 grants foreigners the option to obtain permanent residency.
Limassol tops the list of popular cities for real estate purchases in Cyprus for 2023, with 35% of all transactions. It is followed by Paphos at 23%, Larnaca at 19%, Nicosia at 18%, and Famagusta at 5%. About half of the transactions in Q2 2023 in Limassol were for premium properties.
Some Price Examples:
In Limassol, prices range from €213,000 for a luxury studio of 37 sqm to €297,000 for a 65 sqm apartment.
Larnaca offers 1-bedroom apartments starting from €155,000 for 67 sqm to €165,000 for 54 sqm and 52 sqm apartments in Pyla.
Paphos has apartments ranging from €165,000 for 54 sqm to €295,000 for 69 sqm in Yeroskipou.
Germasogeia, a neighborhood in Limassol, features properties from €388,648 to €522,600 for apartments ranging from 67 sqm to 74 sqm.
Mesa Geitonia, another area in Limassol, has a 64 sqm apartment listed at €230,000.
According to the data, the Cyprus apartment price list offers a picture of a balanced and diverse real estate market with great investment potential, where foreign buyers also find the island an ideal location for property investments. Current trends and detailed prices indicate a strong and evolving investment environment in the Cyprus real estate sector.
Illustrative data for the Cyprus apartment price list by city and number of rooms:
| Property Type | Limassol | Paphos | Larnaca | Nicosia | Famagusta |
|---|---|---|---|---|---|
| Studio | €200,000* | €180,000 | €150,000 | €160,000 | €140,000* |
| 1 Bedroom | €250,000* | €210,000 | €175,000 | €180,000 | €160,000* |
| 2 Bedrooms | €300,000* | €260,000 | €225,000 | €240,000 | €200,000* |
| 3 Bedrooms | €350,000* | €310,000 | €275,000 | €290,000 | €250,000* |
| 4 Bedrooms | €400,000* | €360,000 | €325,000 | €350,000 | €300,000* |
| Penthouses | €500,000* | €450,000* | €400,000* | €420,000 | €380,000* |
| Villas | €600,000* | €550,000* | €500,000* | €520,000 | €480,000* |
Cyprus Apartment Rental Price List, by Property Type and Selected Cities:
Limassol: A 3-bedroom apartment can be rented for €1,700 to €3,500, depending on location and property quality.
Paralimni, Famagusta: A 2-bedroom apartment can be rented for €600.
Aphrodite Hills, Paphos: A 1-bedroom apartment can be rented for €1,550.
Tersefanou, Larnaca: A 3-bedroom apartment can be rented for €1,100.
Rental prices for studio apartments range from €350 to €1,100, depending on location and apartment quality.
The market attracts buyers from all over the world, emphasizing values such as pleasant weather, rich culture, and opportunities for living, working, and investing. The market is diverse and suitable for various investor profiles, offering a Cyprus apartment price list that reflects a reliable and up-to-date picture of the island's real estate market.
