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Property prices in Limassol are definitely going up as we reach mid-2025, with apartments surging 20.6% and houses jumping 30.1% in 2024 alone.
The Limassol residential market continues to outperform all other Cypriot cities, accounting for over 40% of Cyprus's real estate transactions. Foreign buyers make up 56% of the market, drawn by the city's status as Cyprus's financial capital and its luxury coastal developments.
If you want to go deeper, you can check our pack of documents related to the real estate market in Cyprus, based on reliable facts and data, not opinions or rumors.
Limassol property prices hit €3,200 per square meter as of June 2025, marking a 7.4% annual increase, with luxury coastal units reaching €6,000-€8,000 per square meter. Foreign investors drive 56% of purchases, while limited supply in prime areas continues to push prices higher despite rising mortgage rates.
The market shows no signs of slowing down: apartment prices jumped 20.6% in 2024, house prices soared 30.1%, and districts like Germasogeia, Agios Tychonas, and Limassol Marina lead the surge with some luxury units exceeding €10,000 per square meter.
| Property Type | Current Price (June 2025) | 2024 Price Change | Key Districts |
|---|---|---|---|
| Average Residential | €3,200/m² | +7.4% | Overall Limassol |
| New Apartments | €558,230 (median) | +20.6% | Citywide |
| New Houses | €695,994 (median) | +30.1% | Citywide |
| Luxury Coastal | €6,000-€8,000/m² | +15-25% | Agios Tychonas, Germasogeia |
| Limassol Marina | €8,200-€10,000+/m² | +25% | Marina District |
This article is for informational purposes only and should not be considered financial advice. Readers are advised to consult with a qualified professional before making any investment decisions. We do not assume any liability for actions taken based on the information provided.
What are the current average property prices in Limassol as of June 2025?
The average residential property price in Limassol stands at €3,200 per square meter as we reach mid-2025, reflecting a solid 7.4% year-over-year increase.
Prime coastal developments command significantly higher prices, ranging from €6,000 to €8,000 per square meter. Ultra-prime units at Limassol Marina have reached extraordinary levels of €8,200 to €10,000+ per square meter, attracting wealthy international buyers.
The median sale price for new apartments in Limassol is €558,230, while new houses command a median price of €695,994. These figures represent substantial increases from 2024, with apartments up 20.6% and houses surging 30.1% year-over-year.
For apartments specifically, the median price per square foot is €527, while houses average €381 per square foot. The variation in pricing depends heavily on location, with beachfront and marina properties commanding premium rates.
The Limassol residential market continues to lead Cyprus in both price levels and transaction volumes, accounting for over €1.3 billion in property transactions in 2024 alone.
How much have property prices increased in Limassol over the past 12 months?
Property prices in Limassol experienced remarkable growth throughout 2024, with apartments surging by 20.6% and houses jumping by an even more impressive 30.1%.
The Limassol House Price Index reached an all-time high of 112.7 (1Q2010=100) in September 2024, up from 111.6 in June 2024. This represents consistent quarterly growth ranging from 1.8% to 3.3% throughout 2024.
As of June 2025, the upward trend continues with the average price per square meter at €3,200, marking a 7.4% increase from the same period last year. The luxury segment has seen even higher appreciation, with some coastal properties recording growth rates of up to 25% over the past year.
Monthly data shows that price increases have been steady rather than sporadic, indicating strong underlying demand rather than speculative bubbles. The most significant jumps occurred in prime coastal areas and new luxury developments.
It's something we develop in our Cyprus property pack.
Which districts in Limassol are experiencing the fastest property price growth?
Germasogeia, Agios Tychonas, and Limassol Marina lead the pack in terms of price appreciation, with these prime coastal areas seeing extraordinary demand from both local and international buyers.
| District | Average Price/m² | Price Range | Growth Rate | Key Features |
|---|---|---|---|---|
| Limassol Marina | €8,200-€10,000+ | €2M-€5M+ | 25%+ | Ultra-luxury waterfront |
| Germasogeia | €5,000-€7,000 | €480K-€1.32M | 20-25% | Tourist area, beaches |
| Agios Tychonas | €6,000-€8,000 | €600K-€2M | 20-25% | Luxury beachfront |
| Old Town | €3,500-€5,000 | €300K-€800K | 15-20% | Historic charm |
| Mesa Geitonia | €2,900 | €250K-€500K | 10-15% | More affordable |
| Zakaki | €3,000-€4,000 | €280K-€650K | 15-18% | Near casino development |
Mouttagiaka has also emerged as a hotspot due to limited supply and new luxury developments. The area benefits from its proximity to both the city center and beautiful beaches.
Emerging neighborhoods like Polemidia and Fasouri are gaining traction due to improved infrastructure and lower entry prices, making them attractive to first-time buyers and investors seeking value appreciation.
What are the current mortgage rates for property buyers in Limassol?
Current mortgage rates in Cyprus range from 3.84% to 4.5% for new properties, while resale properties command higher rates of 5% to 7.5% as of June 2025.
The European Central Bank's deposit rate near 2.5% has influenced local lending rates, with Cyprus banks adjusting their offerings accordingly. Most major banks like Bank of Cyprus offer variable rates based on ECB rates plus a margin, or fixed rates for 3, 5, or 10-year periods.
Foreign buyers typically need to provide a 30-40% down payment, while Cypriot residents can secure mortgages with as little as 10-30% down. EU citizens generally receive more favorable terms than non-EU applicants.
Despite higher rates compared to 2021-2022 levels, demand remains strong in Limassol's prime areas, as many buyers are cash purchasers or less sensitive to financing costs. International investors, particularly from Israel, Lebanon, Russia, and Central Asia, often purchase without financing.
Banks are particularly favorable toward new construction purchases, offering lower rates ranging from 1.9% to 4.5% for new properties, as developers often act as guarantors for these transactions.
How does the 2025 housing subsidy scheme affect Limassol property prices?
The revised Housing Subsidy Scheme offers grants of €20,000 to €50,000 to first-time buyers under 41, targeting properties up to 100 square meters in municipal areas.
Singles can receive €20,000, couples without children get €45,000, and families with children qualify for €50,000. The scheme aims to assist 400 beneficiaries on a first-come, first-served basis, with applications open until November 30, 2025.
However, the impact on Limassol's high-end market is limited due to strict eligibility criteria. Income caps are set at €25,000 for individuals and €55,000 for families of four, while property size is limited to 100 square meters - well below typical luxury apartment sizes.
The scheme has created slight upward pressure on smaller, more affordable units in suburban areas of Limassol, particularly in districts like Mesa Geitonia and parts of Polemidia where prices align with subsidy limits.
While helpful for young local buyers, the subsidy represents a small fraction of Limassol's average property prices, limiting its market-wide impact compared to other Cypriot cities where property values are lower.
What property types are seeing the biggest price increases in Limassol?
Beachfront apartments and luxury marina properties lead the market with the highest price growth and demand, recording increases of 25% or more in prime locations.
Tech-smart, energy-efficient apartments have become particularly popular with young professionals and digital nomads. These modern developments featuring smart home technology and sustainable design command premium prices and sell quickly.
Family-sized suburban homes are experiencing strong appreciation, especially in well-connected suburbs near international schools. Properties with 3-4 bedrooms in areas like Germasogeia and Agios Tychonas have seen prices jump 20-30%.
Turnkey rental units in the €400,000 to €900,000 range are particularly sought after, offering yields of 6-7%. Investors target these properties for both capital appreciation and rental income from the city's growing expatriate community.
It's something we develop in our Cyprus property pack.
How do foreign investors influence Limassol's property market in 2025?
Foreign buyers comprised 56% of all property purchases in Limassol during 2024, fundamentally shaping market dynamics and driving prices higher in premium segments.
Israeli, Lebanese, Russian, and Central Asian investors dominate the luxury market, particularly in coastal developments and the Marina district. Many purchase properties outright without financing, reducing their sensitivity to interest rate changes.
The Cyprus Residency by Investment Program continues attracting international buyers, requiring a minimum €300,000 property investment. The Digital Nomad Visa has added another layer of demand, particularly for modern, furnished apartments with high-speed internet.
This international demand has created a two-tier market: a premium segment catering to wealthy foreigners with prices above €6,000 per square meter, and a more affordable segment for local buyers, though even this is being pushed upward.
The influx of foreign capital has transformed neighborhoods like Germasogeia and Agios Tychonas into international enclaves, with amenities, restaurants, and services catering to expatriate tastes and driving further gentrification.
What are the property price forecasts for Limassol through 2026?
Property prices in Limassol are projected to increase by 5-8% annually through 2026, particularly in prime coastal and marina districts where supply remains constrained.
Market analysts expect continued moderate growth driven by sustained foreign investment, limited coastal land availability, and ongoing infrastructure improvements including the City of Dreams Mediterranean casino resort in nearby Zakaki.
The luxury segment will likely see the highest appreciation, with beachfront properties and new sustainable developments commanding premium prices. Tech-smart apartments and energy-efficient homes will continue attracting buyers willing to pay 10-15% premiums.
However, rising construction costs and potential interest rate volatility could moderate growth rates compared to the exceptional 20-30% increases seen in 2024. Suburban areas may offer better value appreciation opportunities as prime locations become increasingly unaffordable.
The market's fundamentals remain strong: Limassol's position as Cyprus's business capital, combined with lifestyle appeal and tax advantages, will continue attracting international buyers despite global economic uncertainties.
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How does Limassol compare to other major Cypriot cities in terms of property prices?
Limassol leads Cyprus in both property prices and transaction volumes, with average prices 28-60% higher than other major cities.
| City | Avg. Price per m² | Rental Yield | Foreign Buyer Activity | Price Growth 2024 |
|---|---|---|---|---|
| Limassol | €3,000-€3,200 | 6.2% | Very High (56%) | +20-30% |
| Nicosia | €2,000-€2,500 | 5.1% | Moderate | +4.6% |
| Paphos | €1,700-€1,780 | 6.5% | High | +21.4% |
| Larnaca | €1,330-€1,600 | 5.3% | Moderate | +18.1% |
While Paphos offers slightly higher rental yields at 6.5%, Limassol maintains stronger capital appreciation potential and liquidity. The city's sophisticated infrastructure and international business presence justify its premium pricing.
Nicosia, despite being the capital, trades at a 20-35% discount to Limassol due to its inland location and lower foreign investor interest. However, it offers stability and caters primarily to local buyers and government employees.
Larnaca presents the most affordable coastal option but lacks Limassol's upscale amenities and international appeal. Its proximity to the airport makes it attractive for holiday homes rather than permanent residences.
What impact are new luxury developments having on Limassol property prices?
New luxury developments along Limassol's coastline are the primary driver of price increases, with projects like Trilogy Limassol Seafront and The Icon setting new benchmarks above €8,000 per square meter.
These high-profile projects concentrate supply in regulated, premium zones, creating artificial scarcity in the broader market. Developers focus on ultra-luxury rather than affordable housing, pushing average prices upward across all segments.
The City of Dreams Mediterranean casino resort, Europe's largest integrated resort, is transforming the Zakaki area. Properties within a 5-kilometer radius have seen 15-18% appreciation in anticipation of the development's full impact.
Mixed-use developments combining residential, retail, and office spaces are reshaping Limassol's skyline. These projects attract international brands and businesses, creating employment and further driving residential demand.
Infrastructure upgrades accompanying these developments - including road improvements, utility enhancements, and public space creation - benefit surrounding properties, creating a multiplier effect on neighborhood values.
How is the supply-demand dynamic affecting Limassol property prices?
Demand for residential properties in Limassol continues to significantly outpace supply, especially in prime coastal areas where land availability is inherently limited.
New supply remains concentrated in high-profile luxury projects, with developers maintaining disciplined construction schedules to avoid oversupply. This strategic approach keeps prices elevated and ensures rapid sales of new units.
Turnkey properties in the €400,000-€900,000 range sell within weeks of listing, reflecting persistent seller's market conditions. Multiple offers on desirable properties are common, often driving final prices 5-10% above asking.
The rental market shows similar dynamics with occupancy rates above 90% for quality properties. This rental demand provides confidence to investors, further fueling purchase activity and price appreciation.
It's something we develop in our Cyprus property pack.
What long-term factors support continued price growth in Limassol?
Limassol's transformation into Cyprus's undisputed business capital provides fundamental support for long-term price appreciation, with major international companies establishing regional headquarters in the city.
The limited availability of coastal land creates natural supply constraints that will intensify over time. Unlike inland cities, Limassol cannot expand infinitely, making existing properties increasingly valuable as the city grows.
Cyprus's attractive tax regime, including 12.5% corporate tax and various incentives for foreign residents, continues drawing wealthy individuals and businesses. These economic migrants require high-quality housing, sustaining demand in the premium segment.
Infrastructure investments, including port expansion, road improvements, and the casino resort, enhance Limassol's appeal and accessibility. These developments create permanent value additions that support property prices.
Climate change considerations make Limassol's Mediterranean coastal properties increasingly attractive to Northern Europeans seeking year-round sunshine, providing a long-term demographic tailwind for the market.
We made this infographic to show you how property prices in Cyprus compare to other big cities across the region. It breaks down the average price per square meter in city centers, so you can see how cities stack up. It's an easy way to spot where you might get the best value for your money. We hope you like it.
Conclusion
Property prices in Limassol are unequivocally rising and will continue their upward trajectory through 2025 and beyond. With current growth rates of 7.4% annually and certain segments like luxury coastal properties appreciating by 25% or more, the answer is clear: Yes, a lot.
The combination of sustained foreign investment (56% of all buyers), limited coastal land supply, world-class infrastructure developments, and Limassol's position as Cyprus's premier business hub creates a perfect storm for continued price appreciation. As we reach mid-2025, the market shows no signs of cooling despite higher interest rates, as cash buyers and lifestyle investors remain undeterred by financing costs.
This article is for informational purposes only and should not be considered financial advice. Readers are advised to consult with a qualified professional before making any investment decisions. We do not assume any liability for actions taken based on the information provided.
For investors and potential residents, Limassol represents Cyprus's most dynamic but also most expensive property market. Prime coastal areas commanding €6,000-€10,000 per square meter rival European luxury destinations, while even suburban properties have seen 15-20% appreciation.
The forecast remains bullish with 5-8% annual growth expected through 2026, though buyers should prepare for a highly competitive market where desirable properties sell quickly and often above asking price. International buyers will continue driving the luxury segment, while local buyers face affordability challenges despite government subsidy schemes.
Sources
- The Luxury Playbook - Limassol Real Estate Market Overview & Forecast
- Cyprus Mail - Limassol sees highest property price surge across Cyprus
- Property in Cyprus - 2024 Limassol Property Market Trends & 2025 Forecast
- Global Property Guide - Cyprus's Residential Property Market Analysis 2025
- Investropa - Property prices will rise in Limassol in 2025
- Developers Cyprus - Cyprus real estate investment in 2025
- iMin Cyprus - Cyprus Property Prices in 2025: Real Estate Costs Index
- Cyprus Property Buyers - Limassol apartment block most expensive sale in 2024
- Tranio - Cyprus property prices: cost of buying real estate in 2025
- Chambers - Real Estate 2025 Cyprus Trends and Developments