Cyprus’ number one real estate platform, BuySell, in collaboration with AXIA Chartered Surveyors, has completed the largest and most comprehensive study of property sale prices ever conducted in Cyprus.
The analysis covers 121,434 properties listed for sale on BuySellCyprus.com. The results will be announced through a series of press releases over the coming weeks. The first part of the analysis focuses on the prices of 32,990 two-bedroom apartments available for sale across Cyprus.
This collaboration between BuySell and AXIA Chartered Surveyors marks a new era in data analysis for the Cypriot real estate market. For the first time, professionals and the public have access to high-volume data that accurately reflects the current state of the market.
About BuySell
BuySellCyprus.com is the largest and most trusted real estate platform in Cyprus, surpassing all competitors in traffic, number of listings, and artificial intelligence (AI) technology.
Record-breaking traffic
According to Cloudflare data, BuySellCyprus.com attracts more than two million monthly visitors, both from Cyprus and abroad. This is at least three times more than the next closest competitor.
Leader in property listings
BuySell’s database includes over 121,000 active listings, offering four times more properties for sale than its closest competitor, which comes second and has approximately 30,000 listings.
Based on this data, anyone searching for property outside the BuySell platform may be missing out on up to 3 out of 4 available properties. Likewise, sellers not listing their property on BuySell may be missing access to 2 out of every 3 potential buyers.
AXIA chartered surveyors
AXIA was established in 2012 and specializes in property valuations, feasibility studies, and market and real estate data analysis. It was selected for this innovative partnership based on its expertise, personnel, and industry experience.
Two-bedroom apartments across Cyprus
The above chart presents the price per square meter for two-bedroom apartments both nationwide and by district. To provide a clearer view, both average and median prices were calculated.
The most expensive district is Limassol, with a median price of €4,497/sq.m, followed by Paphos at €3,878/sq.m and the most affordable district is Nicosia, at just €2,379/sq.m.
The difference between the average and the median is notable. This statistical phenomenon is due to a large number of high-end properties that significantly raise the average but not the median. Famagusta shows the biggest gap with an average of €5,210/sq.m and half that as the median. This makes sense given the inventory of older units and new developments with sea views and higher specifications. On the other hand, Nicosia is the most homogeneous market.
Two-bedroom apartment market in Limassol
For this report, the ten most popular areas in Limassol were analyzed based on listings on BuySellCyprus.com
Out of 13,878 two-bedroom apartments analyzed, the top 10 areas represent 65% of all the 2-bedroom apartments for sale in Limassol. The eastern suburbs are by far the most expensive, with Agios Tychonas leading. Again, we observe the same average-median gap, indicating a concentration of luxury properties. The most affordable areas are Kato Polemidia and Ypsonas, located in western Limassol.
Two-bedroom apartment market in Nicosia
The ten most popular areas in the capital, which appears to be the most homogeneous market, are shown in the following chart:
Apart from central Nicosia (Nicosia Municipality), where prices reach around €500,000 per unit, other areas range from under or around €200,000 (e.g., Lakatamia and Latsia) to €290,000 in Acropolis. A total of 6,220 two-bedroom apartments were analyzed, with the top 10 areas representing 72% of all the 2-bedroom apartments for sale in the Nicosia district.
Two-bedroom apartment market in Larnaca
Larnaca is the third most populated district and the city that has arguably seen the largest increase in property values over the past 5 years. This is due to factors like relocation of oil refineries, proximity to the airport, better beaches compared to Limassol, easy access to Protaras / Ayia Napa and the capital.
The top ten areas are detailed in the following chart:
As expected, the most expensive area is Mackenzie, with prices around €500,000 per unit, while Aradippou, Oroklini, and Kiti are among the more affordable ones. The analysis includes 9,174 two-bedroom apartments, representing 94% of all 2-bedroom units for sale in the district—making the top ten nearly the entirety of listings.
Two-bedroom apartment market in Paphos
Paphos traditionally attracts the highest demand from international buyers. The chart below shows the ten most popular areas, which account for 89% of all 2-bedroom apartments for sale in Paphos district.
Tombs of the Kings is the most expensive area in Paphos for 2-bedroom apartments. Kato Paphos shows a high concentration of premium apartments, as reflected by the gap between the average and median prices. Polis Chrysochous is among the most affordable areas. It is also worth noting that Peyia does not appear among the top ten areas for apartments, likely because detached houses are the more common and desirable property type there.
In total, 2,429 two-bedroom apartments were analyzed in Paphos.
Two-bedroom apartment market in Famagusta
For the Famagusta district, 1,289 2-bedroom apartments were analyzed. The top 10 areas account for the astonishing 98% of all 2-bedroom apartment listings in the district.
As expected, tourist areas dominate: Protaras, Ayia Napa, Ayia Triada, and Kapparis, followed by areas with more local demand. Noteworthy is the high number of luxury apartments available in the Ayia Napa region.
The data
All data used in this study comes exclusively from listings on BuySellCyprus.com. For the purposes of calculating price per square meter, covered verandas were weighted at 70 percent, uncovered verandas at 30 percent, basements at 50 percent, and covered parking spaces at 70 percent.
In upcoming press releases, BuySell and AXIA Chartered Surveyors will continue to release property price analyses by district, property type, and bedroom count, offering buyers, sellers, and investors a powerful decision-making tool backed by real-time market data.
Contact
For more information or custom market reports:
AXIA Chartered Surveyors:https://www.axiavaluers.com
To view all available properties:
Visit https://www.buysellcyprus.com or download the BuySell App on the App Store or Google Play
