Changes in the Real Estate Market: A Shift Towards Apartments
October 12, 2026
The real estate market in Cyprus has divided into two categories: apartments and houses. The demand for apartments has significantly increased, reaching 1.51 million square meters by 2026. In contrast, houses are becoming more scarce and are viewed as luxury products for the wealthy. The average size of apartments remains high, while the average size of houses has increased from 170.5 to 222.2 square meters. Economic conditions and a shift towards luxury options play a significant role in these changes.