SquareOne launches ARYA as new Limassol supply pressures older apartments

SquareOne briefed Limassol partner agents on 5 November with new data showing unsold apartment supply is rising and older asking prices are falling. The developer also launched its 52-home ARYA project and a new partner portal as it targets buyers in the district’s busiest price band.

Why it matters: - Limassol’s apartment market is shifting as new supply builds and older homes lose pricing power. - The latest data points to more competition for buyers, especially in the mass-market segment where most sales are concentrated. - SquareOne is positioning ARYA and its new portal as tools to compete in a tighter market with more inventory.

What happened: - SquareOne hosted partner agents in Limassol on 5 November 2026 for a market briefing led by Pavlos Loizou, CEO of Ask Wire. - SquareOne launched its ARYA project at the event. - SquareOne also introduced a new partner portal that went live on 6 November. - The company also presented LYNEA, a 20-apartment building in Linopetra.

The details: - Ask Wire data showed dwellings authorised in Limassol district are running at an annualised 7,054 in 2026, based on the first half of the year, up from 4,745 in 2025. - In the Limassol urban area, Ask Wire mapped 210 apartment projects under construction. - Those projects contain 4,932 units, and 3,013 units still do not have a recorded sale. - Between February and September 2026, the median asking price per square metre for older Limassol apartments on Bazaraki fell 9.0%. - Over the same period, new apartment asking prices were flat at 0.7%. - The median asking rent for a new two-bedroom apartment was €2,300 a month, versus €1,850 for an older one. - From January to September 2026, 59% of the 2,249 apartment sales recorded in Limassol district were priced between €200,000 and €400,000. - Sales above €1 million accounted for 4.4% of transactions but 22.7% of total value. - ARYA is a 52-apartment development in four blocks in upper Germasogeia. - The project includes one-, two- and three-bedroom apartments, plus 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 plus VAT. - Completion is expected in March 2030. - LYNEA is a 20-apartment building in Linopetra with a rooftop pool, gym and sauna. - LYNEA is priced from €420,000 plus VAT. - The new partner portal lets agents register and track clients, download sales kits and generate PDF offers. - Buyers registered through the portal get a client portal with construction milestones, contracts and invoices. - The full briefing is available at the event video, with further analysis at SquareOne’s blog.

Between the lines: - Loizou said the market began to change about a year and a half ago and expects that shift to become more visible over the next year. - The message to agents was clear: with more projects coming to market, a credible rental case matters more to investors. - Demetris Papadopoulos said SquareOne plans projects around where people actually buy, mostly in the €200,000 to €400,000 range. - Papadopoulos said each building now has to justify itself through location, shared facilities, management and a realistic delivery date. - The new portal suggests SquareOne wants to make the sales process more transparent for both agents and buyers.

What’s next: - More new supply is likely to keep pressure on older apartments as the pipeline works through the market. - Buyers will have more projects to compare, which should sharpen competition on pricing, amenities and delivery timelines. - SquareOne’s ARYA sales push will now run alongside a longer development horizon, with completion set for March 2030. - The company’s portal rollout may become part of its broader sales pitch as it seeks to convert agents and buyers into registered leads.

The bottom line: - Limassol’s apartment market is moving from scarcity to choice, and that shift is already showing up in older-home pricing and investor expectations.