Limassol dominates Cyprus’ high-value property sales in September
Limassol led Cyprus’ high-value real estate market in September, driving €29.8 million in top property sales, according to real estate analytics firm Ask Wire.
The district accounted for six of the ten most expensive transactions, including a €5 million field in Yermasoyia.
Its analysis shows that Limassol secured most high-value deals, accumulating €18.5 million in sales.
Following Limassol, Paphos recorded two transactions worth €6.5 million, while Nicosia and Larnaca each had one sale, valued at €2.9 million and €1.8 million, respectively.
Notable sales included a €4.2 million house in Limassol’s Ayios Tychonas and a €4.15 million residence in Kouklia, Paphos.
In Nicosia, an apartment building in Idalion sold for €2.96 million, and in Larnaca, the highest transaction was a field in Voroklini, priced at €1.8 million.
Other significant Limassol transactions included two apartments in Ayios Nectarios, each priced at €2.33 million, a €2.5 million apartment, and a €2.2 million house in Parekklisia.
Across Cyprus, the 50 largest sales in September—comprised of the ten highest-value transactions in each province—reached a total of €57.5 million.
Limassol alone contributed 43 per cent of this amount, €24.7 million, solidifying its central role in high-value real estate.
Paphos followed with €13.1 million, 22.8 per cent, while Larnaca and Nicosia were close, with sales totalling €8.3 million and €8 million, respectively, representing 14.4 per cent and 13.9 per cent of the general total.
Meanwhile, Famagusta’s top ten sales reached €3.4 million, accounting for 5.9 per cent.
Breaking down the highest sales by districts highlights regional differences in property demand.
Limassol’s priciest sale, the €5 million field in Yermasoyia, represented 20.2 per cent of the district’s total, while in Paphos, a €4.15 million house in Kouklia accounted for 31.7 per cent.
In Nicosia, an apartment building in Idalion sold for €2.96 million, making up 37 per cent of the district’s top sales, while in Larnaca, the largest transaction—a €1.8 million field in Voroklini—comprised 21.7 per cent.
Famagusta’s highest sales, a €530,000 field, represented 15.7 per cent of its ten largest transactions.
“In September, the most expensive sales in three of the five districts in Cyprus were for land, including the most expensive sale of the month which was in Limassol,” said Pavlos Loizou, CEO of Ask Wire.
He noted that, while land sales were prominent in some areas, high-value residential properties continue to drive the market.
Loizou added that “in the 10 most expensive sales we see residential properties monopolising the market, as is the case in the 50 most expensive sales where 31 high-value residential property transactions are recorded”.
The Ask Wire CEO concluded by saying that “Limassol and Paphos are the districts with the most expensive sales of high-value residential properties, while Nicosia and Larnaca are at about the same level”.
CyprusMail