Property prices in Limassol have surpassed those of Athens, with apartment costs reaching €4,808 per square metre in the city centre, according to new data from property comparison platform Numbeo.
The philenews analysis shows significant disparities in property prices across Cyprus’s main cities, with Limassol emerging as the most expensive for both rentals and purchases.
A one-bedroom apartment in central Limassol commands average rents of €1,351, nearly double the €648 charged in the capital, Nicosia.
Despite higher property costs, Limassol residents earn more, with average net monthly salaries of €2,376 compared to Nicosia’s €1,435.
The capital city offers more affordable housing options, with city centre apartments priced at €2,587 per square metre.
In comparison, central Athens apartments average €3,130 per square metre, with rental costs for a one-bedroom unit at €582.
Paris leads the European comparison with central apartment prices at €12,132 per square metre, while Frankfurt averages €7,732.
Larnaca and Paphos maintain moderate price levels, with central apartment costs at €2,966 and €2,915 per square metre respectively.
Paralimni shows an unusual pattern where suburban properties (€3,000 per square metre) cost more than city centre locations (€2,500).
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