Rising Property Prices in Larnaca and Challenges for Young Couples
October 10, 2026
Property prices in Larnaca have dramatically increased by 20%-30% over the past two years, mainly due to rising demand from both locals and foreigners. Young couples are struggling to buy or rent homes, leading many to consider moving to less expensive areas. Rental prices have reached levels comparable to Nicosia, with several areas like Tersefanou and Perivolia experiencing significant price hikes. Experts believe rental prices may stabilize, but old contracts are expected to see increases. The Mackenzie area remains the most expensive in Larnaca, with prices reaching 6000 euros per square meter.