📈 Cyprus New-Build Market Shows Strong Q1 Growth

Cyprus’ residential property market kicked off 2025 with impressive momentum. According to Landbank Analytics, the number of new property sales in Q1 jumped by nearly 25% compared to last year — reaching 1,368 transactions totaling €391 million.

Apartments remain the dominant force (1,109 units sold, €272M), but the standout performer was the private home segment: deals up by 34.9%, total value soaring by 52.6%.

📍 Limassol continues to lead in total value,

📍 Larnaca is the fastest-growing region,

📍 Nicosia keeps investor interest high,

📍 Paphos is booming in the premium housing sector,

📍 Famagusta saw a decline in apartment demand, but houses surged by 61.5%.

Analysts attribute the surge to lower interest rates and a boost in investor confidence. Larnaca is emerging as a new real estate hotspot, while Paphos continues to shine in the high-end market.