LIFE REALTY, in collaboration with the valuation firm Demos Georgiou & Associates LLC, is pleased to publish the second edition of the DGA Property Price Index. Building on the inaugural Q1 2026 publication, this edition extends the market analysis to Q2 2026, with a continued focus on the Ypsonas residential property market in Limassol. In addition to updated price, volume and value indices, this edition introduces a new feature: the ten highest-value property transactions completed across Limassol during the first half of 2026.
Q2 2026 findings: Ypsonas, Limassol
The second edition compares registered property transactions from Q2 2026 (April to June 2026) against the Q1 2025 base period, using legally registered Contracts of Sale submitted to the Cyprus Department of Lands and Surveys. All five indices below are drawn directly from that dataset. The full Q2 2026 report is available to download from the Market Surveys section.
Table 1: Residential Property Price Index (RPPI)
The RPPI measures the change in price per square metre of gross external area between Q1 2025 (base = 100) and Q2 2026. A score above 100 indicates price growth relative to the base period. Both property types recorded positive growth, with apartments in Ypsonas outperforming houses.
| Property type | RPPI score (Q2 2026) | Change vs Q1 2025 base |
|---|---|---|
| Apartments | 106.5 | +6.5% |
| Houses | 103.2 | +3.2% |
Table 2: Average transaction price
The average transaction price represents the mean sale price per property derived from declared values in registered Contracts of Sale. This complements the per-square-metre index by showing the actual ticket size of a typical transaction in the Ypsonas market.
| Property type | Q1 2025 (base) | Q1 2026 | Q2 2026 | Change vs base |
|---|---|---|---|---|
| Apartments | €210,950 | €235,916 | €245,352 | +16.31% |
| Houses | €367,855 | €384,422 | €397,181 | +7.97% |
Table 3: Residential Property Volume Index (RPVI)
The RPVI measures the change in the number of transactions between Q1 2025 (base = 100) and Q2 2026. A score above 100 means more properties were sold than in the base period. Apartment sales recorded the strongest growth, rising from 30 to 46 transactions.
| Property type | Q1 2025 sales | Q1 2026 sales | Q2 2026 sales | RPVI score | Change vs base |
|---|---|---|---|---|---|
| Apartments | 30 | 36 | 46 | 153 | +53% |
| Houses | 12 | 10 | 11 | 92 | -8.3% |
| Combined | 42 | 46 | 57 | 136 | +36% |
Table 4: Residential Value Price Index (RVPI)
The RVPI combines the Volume Index and the Price Index to estimate the total change in transaction value. It shows how much larger or smaller the market is in monetary terms relative to the base period. Apartments recorded an RVPI of 163, reflecting a 63% increase in total transaction value driven by both rising prices and significantly higher sales volumes.
| Property type | Volume index | Price index | RVPI score | Value change |
|---|---|---|---|---|
| Apartments | 153 | 106.5 | 163 | +63% |
| Houses | 92 | 103.2 | 95 | -5% |
| Combined | 136 | — | 150 | +50% |
Limassol’s top 10 property deals, H1 2026
This edition of the DGA Property Price Index introduces a new feature: the ten highest-value property transactions registered across Limassol during the first half of 2026, spanning three of the city’s most prestigious locations: Agios Tychonas, Potamos Germasogeias, and Katholiki. The top 10 deals total approximately €115.9 million. A single land transaction in Moni at €55 million accounts for almost half of that total. The remaining nine deals range from €3.7 million to €14.5 million, spanning land, an office building, and residential apartments. Three apartment transactions in Agios Tychonas, ranging from €4.475 million to €5.7 million, point to sustained demand for high-value residential property in Limassol.
| Rank | Location | Area | Amount | Type |
|---|---|---|---|---|
| 1 | Moni | — | €55,000,000 | Land |
| 2 | Amathounta, Germasogeia | Potamos Germasogeias | €14,499,999 | Land |
| 3 | Amathounta, Germasogeia | Potamos Germasogeias | €8,900,000 | Land |
| 4 | Limassol | Katholiki | €7,750,000 | Office building |
| 5 | Amathounta, Mouttagiaka | — | €7,150,000 | Land |
| 6 | Amathounta, Agios Tychonas | — | €5,700,000 | Apartment |
| 7 | Amathounta, Agios Tychonas | — | €4,500,000 | Apartment |
| 8 | Amathounta, Agios Tychonas | — | €4,475,000 | Apartment |
| 9 | Amathounta, Agios Tychonas | — | €4,200,000 | Land |
| 10 | Limassol | Agia Napa | €3,700,000 | Land |
What this tells us
Taken together, the Q2 2026 data show that the Ypsonas residential property market became noticeably stronger between Q1 2025 and Q2 2026. Property prices increased, more homes were sold overall, and the total value of sales rose significantly.
The apartment market is clearly leading. Apartment prices rose by 6.5% based on the price index, while the average selling price increased by a larger 16.31%, suggesting that the properties being sold have shifted toward higher-value units in addition to underlying price growth. Apartment sales volumes are up 53% against the base period, and total apartment transaction value increased by 63%.
The house market tells a more mixed story. Prices increased by 3.2% and the average selling price rose by 7.97%, but the number of completed sales declined slightly from 12 to 11, resulting in a 5% decrease in total house transaction value compared with the base period. This may reflect limited supply of new houses, as developers continue to focus on apartment developments. The recent changes to VAT legislation are also a factor: under the current rules, properties with a total area exceeding 190m² and a sale price of €475,000 or more are subject to the standard 19% VAT rate, meaning purchasers are no longer eligible for the reduced 5% rate on those properties.
At the wider Limassol market level, the ten largest property transactions in H1 2026 totalled €115.9 million. The coastal area of Amathounta accounted for the majority of deals by number, while a single €55 million land sale in Moni dominated by value, representing almost half the total of the top ten. Through the consistent quarterly publication of these findings, the DGA Property Price Index continues to establish itself as an independent source of property market intelligence for investors, lenders, developers, and all participants in the Cyprus real estate market.
Frequently Asked Questions
Source: Cyprus Department of Lands and Surveys. All transaction data sourced from legally registered Contracts of Sale submitted to the DLS. Index base period: Q1 2025 – The results presented herein are based on the data available from the DLS at the time of retrieval and reflect the information available as of that date.
For the full Q2 2026 findings, methodology and appendix, read the full DGA Property Price Index report.
Life Realty has been helping clients buy, sell, and rent property across Cyprus since 2024, with offices in Limassol and Paphos. Founded by Demos Georgiou, a Chartered Surveyor and RICS member with over 15 years in real estate, the agency manages over 1,000 properties and serves around 200 clients every month. Licensed and registered real estate agency, Licence No. 603/E.
liferealty.cy·Last reviewed: August 2026