The first quarter of this year saw a robust 24.8% rise in contracts filed for new apartments and houses, totaling €391 million in transaction value—a clear sign that the market is not merely bouncing back but evolving into a new era defined by quality, design, and future-focused amenities.
Precision Demand for Modern Living
Between January and March 2025, more than 1,368 contracts for new homes were submitted across Cyprus, signifying a pronounced shift in buyer preferences toward modern, newly built properties. Apartments led the market in volume, with 1,109 new units sold at a transaction value of €272 million—up 22.7% in volume and 23.1% in value year-on-year. Yet houses made the most dramatic impact, with 259 units sold (a 34.9% year-on-year surge) and a total transaction value of €119 million, representing a staggering 52.6% increase in value compared to the previous year.
What underpins these numbers is a pronounced change in buyer mindset. Locals and international investors alike are no longer seeking only a place to live—they are purchasing lifestyle investments. Today’s Cyprus homebuyer expects more: energy efficiency, contemporary design, and architectural excellence are now seen as standard, not premium features. These expectations are shaping the nation’s property landscape, leading to a wave of new developments tailored for the sophisticated buyer.
Limassol: Cyprus’s Cornerstone of Premium Value
Limassol continues to anchor Cyprus’s premium real estate market. The city’s apartment sales grew 5.8%, but the transaction value surged nearly 20% to €116 million, accounting for 42% of all apartment deals in Cyprus. Such figures underscore a critical market trend: while the number of transactions has stabilized, the average value per property is rising—clear evidence that Limassol remains a magnet for high-net-worth individuals and discerning end-users.
This enduring appeal is no accident. Limassol’s large-scale developments, such as the City of Dreams Mediterranean resort and Limassol Greens Golf residences, have elevated the district’s profile, merging lifestyle, location, and luxury in a way that attracts investment from both local and global buyers. For leading developers like Berkos, these trends validate a strategy anchored in delivering exceptional design and elite locations, ensuring properties retain strong long-term capital appreciation.
A Nationwide Shift in Buyer Sentiment
While Limassol leads in overall value, other regions are quickly emerging as hotspots. Larnaca stands out as a top performer: apartment sales there leaped 66.3%, and house transactions jumped 77.1%, with total values more than doubling year-on-year. This rapid ascent signals Larnaca’s transformation from a regional hub to a national frontrunner, catching the eye of developers and investors eager for growth opportunities beyond the traditional strongholds.
Paphos, renowned for its natural beauty and upscale developments, also saw house sales soar by 58.1% to €47 million in Q1—much of it fueled by foreign buyers seeking lifestyle properties. Even in more subdued districts such as Famagusta, a pivot toward house purchases—despite a 50% drop in apartment sales—indicates buyers are recalibrating their priorities, possibly in anticipation of long-term tourism growth or changing seasonal patterns.
The Berkos View: Quality Defines the Market
In conclusion the most striking trend is the rise in new house sales, up over 52% in value. This trend resonates with Berkos’s philosophy of delivering properties that are not only beautiful but also future-ready, aligning with the evolving expectations of today’s investors and homeowners.
As interest rates begin to ease and overall buyer sentiment strengthens, Cyprus’s property market is thriving—weathering economic uncertainties and setting new standards for lifestyle-led investment. In this new chapter of growth, developers focusing on quality, sustainability, and innovation, like Berkos, are leading the way and setting the benchmark for the future of Cypriot real estate.
Cyprus is entering a new era of quality-driven real estate—are you ready to be part of it?
Contact Berkos today for a free consultation and unlock your next investment:
+357 77 788 776 +357 99 838 428
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