Limassol remains Cyprus’ most expensive district for both rentals and property sales, supported by sustained demand, limited availability, and continued investor interest.
Buyers face affordability challenges but can gain from strong long-term investment value. Sellers and renters enjoy high returns but must compete in a market where only select buyers can pay the premium. Tenants on the other hand are the most challenged party but the high price on rent, attracts renovations of old buildings improving the city’s infrastructure and aesthetics. High rent also pushes people to seek better-paying jobs, develop new skills, or start side businesses to afford living in Limassol.
According to data from AskWire and Cyprus Mail, high-end rental prices in Limassol have reached record levels in 2025. Asking rents for apartments range from €1,651 for a one-bedroom to as high as €7,750 for four- and five-bedroom units, while large six-bedroom houses can reach nearly €10,000 per month in prime coastal areas. These prices represent the upper end of the market, reflecting new or luxury developments with sea views and premium amenities. More modest or older properties, particularly inland, are available at lower rates.
On the sales side, house prices in Limassol rose by about 9.1 % in the first quarter of 2025, the strongest increase among Cyprus districts. AskWire’s market data also show that in 2024, Limassol recorded over 3,160 residential transactions worth around €1.38 billion, underlining the city’s dominance in the property sector.
Market Drivers
Strong local and foreign demand, limited coastal land, rising construction costs, and Limassol’s role as a business and lifestyle hub continue to push values upward. High-end developments, marina projects, and proximity to schools and leisure infrastructure further contribute to the city’s pricing premium.
Outlook
While prices are expected to remain on an upward path, AskWire data indicate some signs of stabilisation, with nationwide apartment rents up about 1.5 % year-on-year and house rents showing a slight average decline. This suggests that growth in Limassol’s top-tier market may continue at a slower pace, while demand for mid-range and suburban properties is likely to increase.
For Buyers, Renters & Investors
Limassol continues to offer long-term potential across all property segments. For an informed view of the market, and to explore opportunities suited to your goals and budget, contact the Total View Homes team for professional advice and personalised guidance.