New-build homes in Cyprus sold for an average of €319,618 in the first half of 2026. The typical one sold for €232,500.

Same 3,594 sales. About €87,000 apart.

The numbers here come from market analytics. According to Landbank Analytics, which tracks new-build sales across the island, and from figures published by the Department of Lands and Surveys, here is what the first half of the year actually looked like if you own a flat. (Source: Landbank Analytics, Department of Lands and Surveys statistics portal)

Why one market gives you two prices

An average adds up every sale and divides by how many there were. One villa at €4 million lifts that number for everybody, including you.

A median works differently. Line up all 3,594 sales from cheapest to priciest and take the one in the middle. Half sold for less, half for more. That middle sale was €232,500.

Going through the figures Landbank Analytics put together, you can see where the gap comes from. Most of the market is cheaper than the headline suggests:

• 1,951 sales came in under €250,000, which is 54.3% of everything sold

• 2,982 sales, or 83%, came in under €400,000

• 103 sales went above €1 million

It's that last group doing the work. Only 612 deals cleared €400,000 at all, and between them they drag the average about €87,000 above the middle of the market.

Flats and houses sell at different prices

According to Landbank Analytics, flats made up 2,977 of those sales, worth €810.6 million together. The average flat went for €272,274, the typical one for €215,000.

Houses were a much smaller group. 617 sales, worth €338.1 million, at an average of €548,049 and a typical price of €365,000.

So houses were about one sale in six, and nearly a third of the money. If you own a flat and you're looking at a market-wide average, you're looking at a number that houses helped push up.

Your district matters more than your property type

Here is where it gets wide. Median flat prices for the first half of 2026, district by district, again from the Landbank Analytics data:

A typical flat in Paphos sold for roughly 73% more than a typical flat in Nicosia. Both of them sit inside that same national average of €319,618.

Paphos also had the priciest new houses in the country, a median of €570,000 across 164 sales. That's why the Paphos average of €519,493 runs so far ahead of its median of €360,000. Limassol took the biggest share of the money, €435 million on 1,050 sales. Nicosia had the most sales of anywhere, 1,063, and the lowest average, €219,108.

The market itself has been busy

Figures from the Department of Lands and Surveys show 10,007 contracts of sale lodged in the first half of 2026. That's 14.6% more than a year earlier, and the first time the six-month count has gone past 10,000. Completed transfers over the same period came to €2.23 billion.

July kept it going. 2,040 contracts in a single month, the first month of 2026 to pass 2,000, bringing January to July up to 12,047 and putting the year 14.1% ahead of last one.

What does that do for you? Practical things. More sales near you means more evidence to point at when you price your own place, and usually less waiting when you want a buyer or a tenant.

It doesn't make your flat worth more. Prices and sales counts move separately, and the official price index from the Central Bank of Cyprus hasn't published anything covering this period yet. (Source: Central Bank of Cyprus)

So what do you do with all this

Compare yourself to your own district. If you own a flat in Nicosia, €319,618 tells you almost nothing. Your local median is €175,000.

Start from the median. For flats across Cyprus that's €215,000, and lower again in Nicosia and Larnaca. The average is mostly telling you about the expensive end.