What are the prices and average cost of housing by city in Cyprus

The Cyprus real estate market continues to attract foreign buyers and investors, and at the same time shows significant regional variation in pricing. Below are key price benchmarks to keep in mind.

Overall country-level figures.
The average property price across Cyprus is approximately €2,518 per m². The average price for apartments is around €235,000, and for houses around €316,000. In certain segments the annual price growth is in the range of 5-10%.

By city / region.

• In Limassol average prices for central apartments may start from €4,500-5,500/m².

• In Paphos price range is roughly €2,500-3,500/m².

• In Larnaca roughly €2,400-4,000/m² in central areas.

• In Nicosia around €2,500-3,000/m².

What this means for the buyer.
If you are looking to purchase property in Cyprus - it’s important to understand that the choice of city and specific district significantly affects price and potential yield. All else equal, a property in Limassol will cost more than a similar one in Larnaca or Paphos. But both demand and rental income may also be higher. The price per m² is a good reference, but the final cost will also depend on property type (apartment/house/villa), condition (new/used), stage of construction, and location (sea view / inland).

Recommendations.

• If your goal is investment with rental income - consider growth areas like Larnaca and Paphos, where prices are not yet at the peak but rising.

• If your goal is second home / villa by the sea - Limassol remains a top choice but requires higher budget.

• Always check local taxes, agency commissions, maintenance costs (especially for houses/villas) and rental yield potential.