Cyprus property outlook
Cyprus property outlook: why execution will matter more in 2027 and 2028
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Ask Wire data shows older apartment asking prices down 9% as 3,013 new units under construction remain unsold.
LIMASSOL, LIMASSOL, CYPRUS, November 9, 2026 /EINPresswire.com/ -- LIMASSOL, Cyprus, 9 November 2026 – Property developer SquareOne hosted its partner agents in Limassol on 5 November 2026 for a market briefing by Pavlos Loizou, CEO of property data firm Ask Wire. The data showed new supply is putting older apartments under pressure. SquareOne also launched its ARYA project and a new partner portal.
Loizou told agents that dwellings authorised in Limassol district are running at an annualised 7,054 in 2026, based on the first half of the year, compared with 4,745 in 2025 (CYSTAT). In the Limassol urban area, Ask Wire has mapped 210 apartment projects under construction, with 3,013 of their 4,932 units still without a recorded sale.
Older homes are feeling the effect first. Between February and September 2026, the median asking price per square metre for older Limassol apartments on Bazaraki fell 9.0%, while new apartments were flat at +0.7% (Ask Wire). The median asking rent for a new two-bedroom apartment was €2,300 a month, against €1,850 for an older one.
Image 1 (pr-data.png). Alt text: Key figures from the Limassol market briefing: permits, unsold new apartments, older asking prices and the main price band
"The market began to change about a year and a half ago, and it will become more visible over the next year," said Loizou. "Buyers will have more projects to compare, so the stronger investment pitch is a credible rental case backed by evidence."
The briefing also showed where Limassol's apartment sales are concentrated. From January to September 2026, 59% of the 2,249 apartment sales recorded in the district were priced between €200,000 and €400,000. Sales above €1 million made up 4.4% of transactions but 22.7% of value.
Demetris Papadopoulos, CEO of SquareOne, said: "We plan our projects around where people actually buy, mostly between €200,000 and €400,000. With more choice coming onto the market, each building has to earn its place through its location, its shared facilities, how it is managed and a realistic delivery date."
ARYA, launched at the event, is a 52-apartment development in four blocks in upper Germasogeia, with one-, two- and three-bedroom apartments and 12 penthouses with private roof gardens. Residents will share two pools, a gym, a sauna and a barbecue lounge with co-working space. One-bedroom apartments start from €239,000 [+ VAT] and completion is expected in March 2030.
SquareOne also presented LYNEA, a 20-apartment building in Linopetra with a rooftop pool, gym and sauna, priced from €420,000 + VAT.
The company's new partner portal, live from 6 November, lets agents register and track clients, download sales kits and generate PDF offers. Buyers registered through it receive a client portal showing construction milestones, contracts and invoices.
The full briefing is available at youtu.be/ygyeDDMHyfE, with further analysis at squareone.com.cy/blogs.
About SquareOne
SquareOne is a residential property developer based in Limassol, Cyprus, with projects in Limassol and Paphos. The company has more than 50 employees, over €155 million in sales and more than 600 apartment units across 45+ development projects. It focuses on well-located apartments with shared amenities, priced for owner-occupiers and investors. www.squareone.com.cy
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Notes to editors
Employment and permit data: CYSTAT Labour Force Survey and building permits by district. The 2026 permit figure is H1 × 2 and is not a forecast.
Construction pipeline: Ask Wire RED / Tracker, 4 November 2026, Limassol urban area.
Asking prices and rents: Ask Wire analysis of Bazaraki listings, extracted 5 November 2026. "New" means off-plan or under two years old. Figures are sample medians of advertised prices, not completed sales.
Sales by price band: Ask Wire RED, whole-apartment sale contracts, January to September 2026.
Photos of the event, ARYA renders and interviews with Demetris Papadopoulos or Pavlos Loizou are available on request.
Daniel Abdel Malak
SQONEPROPERTYPARTNERS LTD
+357 70 088084
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