Landbank Analytics’ latest market analysis sheds light on the leading trends in office and retail property sales across Cyprus for the first half of 2025, highlighting significant variations in transaction volumes and average prices by district.
The total value of transactions involving offices and shops reached €29.8 million. This included 128 shop sales worth €19.2 million and 51 office sales worth €10.6 million.
Offices: Nicosia and Limassol take the lead
Nicosia recorded 30 office sales during H1 2025, followed by Limassol with 13. These two districts accounted for the majority of activity, reflecting their position as the country’s primary business hubs. In contrast, Paphos and Larnaca reported just 3 and 5 transactions respectively, while no office sales were recorded in the Famagusta district.
Despite Nicosia seeing the highest number of office sales, Limassol stood out for having the highest average office sale price at €303,000 Larnaca registered the most affordable office prices with an average of €120,000, while Nicosia’s average reached €182,000 and Paphos’ €212,000.
Retail: Paphos ranks second in price after Limassol
Retail sales outpaced office transactions in volume. In the first half of 2025, Nicosia led with 53 shop sales, followed by Limassol (31), Paphos (25), Larnaca (13), and Famagusta (6).
Shop prices were more evenly distributed than office prices. The highest average was in Limassol at €166,000, while Larnaca had the lowest at €129,000 Paphos recorded the second-highest average price at €163,000 with Nicosia at €135,000. The six sales in Famagusta averaged approximately €202,000.
Healthy market and strategic investment potential
Andreas Christophorides, CEO of Landbank Group, said: “Our analysis reaffirms the ongoing strength of the Cypriot real estate market, while highlighting distinct regional differences – especially within the commercial and professional property sectors.”
Nicosia remains the most active market in terms of transaction volume, highlighting its central role as a business hub. At the same time, Limassol stands out with the highest prices, especially for offices – driven by the growing demand for modern commercial space due to the influx of international firms.
Larnaca and Paphos show more subdued activity in the office segment. This presents a strategic window for investors, especially in Larnaca where lower average prices could offer excellent value, particularly for those seeking emerging business zones tied to expanding tourism infrastructure.
Overall, the commercial and professional real estate sector remains a core pillar of the Cyprus property market, charting an increasingly interesting path in recent years.”
