Sales of high-value new residential properties declined in 2024 compared to 2023, according to CEO Andreas Christophorides
Landbank Analytics has revealed new insights into the average values of newly built apartments and houses sold across Cyprus in 2024. The analysis is based on sales contracts submitted to the Department of Lands and Surveys and includes a detailed breakdown of transactions by price range
In 2024, the nationwide average sale price for new apartments dropped significantly to €281,000, down from €316,000 in 2023—a decline of over 11%. In contrast, the average sale price for new houses remained stable year-on-year at €461,000.
Nicosia
In the city and district of Nicosia, where new home sales rose in 2024, a slight decline in average…
