The land market showed strong momentum during the first half of 2025, according to analysis by Landbank Analytics. Transactions involving building plots and fields exceeded €360.4 million in total value. In all, 1,130 land sales were recorded, confirming the strong investment interest currently seen across Cyprus.
Building plots dominate in the number of transactions, while fields record a significantly higher average value per sale. Specifically, the 794 building plot sales reached a total value of €189.9 million, while the 336 field sales amounted to €170.5 million. The average sale value for fields is estimated at €507,440, compared to €239,170 for building plots.
This difference is mainly due to the fact that field sales often involve much larger land sizes or parcels located in strategic locations with significant investment or development potential. Building plot sales, on the other hand, mostly serve traditional residential demand, while field sales often reflect larger-scale, strategic investments.
Nicosia
Building plots overwhelmingly dominate transaction volume, yet fields record the highest average sale price across all property categories in the capital. In the first half of 2025, 341 building plots were sold — the second most popular property type after apartments — while 83 fields were sold.
However, when it comes to average sale value, the picture is completely reversed: the average price for fields reached €363,654, the highest among all property categories in Nicosia, even surpassing houses (€283,641).
The average price of building plots stood at €220,331.
Limassol
As in Nicosia, building plots are the preferred choice for most land buyers, recording more than double the number of transactions compared to fields. In the first half of the year, 191 building plots were sold — again, the second most traded property type after apartments (201 sales).
Nevertheless, the average value of the 90 field sales reached €687,800, more than double the average price of building plots, which exceeded €305,000.
Larnaca
In Larnaca, building plots clearly lead the market in transaction volume, with nearly three times more sales than fields. Specifically, 173 building plot sales were recorded — the second most popular property type after apartments — while 64 field sales took place during the first half of 2025.
However, fields achieved the highest average sale price in the Larnaca market, at €416,300, while building plots averaged €204,500.
Paphos
A total of 123 land transactions (building plots and fields combined) took place in Paphos. The most striking finding of the analysis lies in the sale values:
The average price of the 46 fields sold reached €846,700, while the average price of building plots stood at €252,000.
Famagusta
The market in the free area of Famagusta presents a completely different picture compared to other districts. Fields overwhelmingly dominate both in transaction volume and total value, while also maintaining a high average sale price.
In total, 53 fields were sold in the first half of 2025, compared to just 12 building plots.
The average price for fields was €241,000, while building plots averaged €134,500.
A healthy market and strategic investments
Landbank Group CEO Andreas Christophorides noted: “Our analysis clearly confirms that the land market has become the main driver of Cyprus’ real estate sector. The market for building plots, with hundreds of transactions across all districts, continues to fuel demand for residential and commercial development, forming the backbone of daily real estate activity."
Meanwhile, he added, the market for fields consistently records higher average prices in every district, emerging as the silent giant of strategic investments.
"Indicatively, average prices in Paphos reach around €850,000, and in Limassol close to €700,000," said Christophides. "These figures no longer reflect traditional agricultural land values but rather investment potential — involving large parcels, land in tourist zones, property with planning prospects, or land for large-scale developments such as renewable energy parks or integrated luxury residential/tourist projects.
Paphos and Limassol lead this high-value segment, while Famagusta stands out with its unique profile, where almost all land activity involves fields, primarily for tourism or agricultural development.
The data point to a healthy and maturing market, with investors strategically positioning themselves in land with long-term potential — a trend that ensures the continued strength of the market in the years ahead”.
