Construction Cost per Square Metre in Cyprus: What Drives It
Structure, envelope, finishes, MEP and preliminaries — where the money in a Limassol apartment building actually goes.
The cost stack
Roughly, structure and substructure, envelope and glazing, mechanical and electrical services, internal finishes, external works, and preliminaries. Basement parking is disproportionately expensive per square metre and is often the difference between a viable and unviable scheme.
What moves the number
Steel and concrete prices, glazing specification, labour availability, and design complexity. A simple, repeated floor plate built well beats an ambitious geometry built to budget every time.
Cost is not price
Sale price is set by the market and location; cost is set by the site and the specification. Development margin lives in the gap, and the gap is thinner in Limassol than headlines suggest.