Cyprus Real Estate Market Update: March 2025

Real Estate Prices in Cyprus: March 2025 Update

Cyprus’s property market continued its upward trend in March 2025. Sales rose by 19% compared to March 2024, reaching 1,491 transactions across the island. This increase reflects steady demand across all major cities. Each district recorded double-digit growth, confirming the market’s strength.

District-by-District Sales Growth

Here’s how each area performed:

• Paphos: Sales jumped by 32%. This shows strong demand from both locals and foreign buyers.
• Larnaca: Sales climbed 21%, thanks to increased interest in new developments.
• Nicosia: The capital saw an 18% rise, driven by steady demand for urban housing.
• Famagusta: Sales rose by 15%, with more investors entering this emerging market.
• Limassol: Sales increased by 11%. Although growth was slower here, it still led with 477 total transactions—its highest monthly volume since 2008.

Property Price Trends

According to the Central Bank of Cyprus, property prices continued to rise. However, the pace is slowing. In Q3 2024, the House Price Index rose by 0.9%, down from 1.6% in the previous quarter. Year-over-year, prices rose 6.5%.

As of March 2025, the median price for apartments in Cyprus is €504,000, with a median price per square meter at €4,000. For houses or villas, the median price is €750,000, with a median price per square meter at €3,522. ​

The biggest increases were seen in:

• Paphos: +11.8%
• Famagusta: +11.1%

These areas remain the hottest spots for buyers. Meanwhile, other cities recorded moderate price increases, contributing to a more balanced market.

Current Median Prices in Cyprus

As of March 2025:

• Apartments: Median price is €504,000. Price per square meter is around €4,000.
• Houses/Villas: Median price is €750,000. The cost per square meter is about €3,522.

Prices vary by location, size, and condition of the property.

Key Market Drivers

Several factors are shaping the real estate landscape:

1. Shifting Investor Interest

Due to high prices in Limassol, many investors are turning to Larnaca and Paphos. These cities offer better value and future growth potential.

2. Economic Stability

The Consumer Price Index (CPI) rose slightly in March, reaching 117.25 units. Inflation stands at 1.6%, showing controlled price growth. This is good news for buyers and investors alike.

3. Improved Property Supply

More housing projects are being launched across Cyprus. This helps meet demand and prevents overheating in prices.

Conclusion

Cyprus’s real estate market in March 2025 remained strong and active. Sales rose across all regions, and property prices continued to grow—especially in Paphos and Famagusta. While Limassol stays expensive, other cities are gaining attention due to affordability and long-term potential.

For more information, market data, and property guides, visit Soneverse and explore our complete Real Estate Guide Page. You’ll find expert insights to help you make smart real estate decisions in Cyprus.