In the second quarter of this year, apartments dominated the real estate market in Nicosia, setting the stage for future housing trends, according to a comprehensive analysis conducted by Ask Wire.

The study shows that a total of 1,267 properties—spanning houses, apartments, fields, and plots—were sold for a combined value of €205 million. The city and province of Nicosia saw the sale of 553 apartments worth €99.7 million, 184 houses valued at €46.5 million, 312 fields costing €20.2 million, and 218 plots with a total worth of €38.6 million.

In terms of apartment sales, Nicosia represented 29.5% of all such transactions across Cyprus. Notably, apartments priced between €100,000 and €200,000 were the most popular, making up nearly 60% of all apartment sales in the area. Four luxury apartments exceeded the €1 million price tag in sales.

When it comes to houses, the province of Nicosia accounted for 18.3% of the island-wide sales volume and 14.4% of the total sales value. Over half of these houses were priced between €100,000 and €300,000, with two selling for over €1 million.

Pavlos Loizou, Managing Director of Ask Wire, highlighted that Nicosia is leading in land sales as well, capturing just over a third of all transactions for the quarter. He noted that the most common plot size sold was between 400 and 600 square meters and that six out of ten plots were priced between €50,000 and €200,000.

Loizou emphasized that these figures provide valuable insights into real estate trends. "The kinds of properties being sold now, especially the land and its size, indicate what we can expect in the future for housing in Nicosia, from the city center to the suburbs and beyond," he concluded.