The 50 highest-value property transactions in Cyprus totalled €68.4 million in October 2024, with the most expensive being a €9.9 million mixed-use building in Kato Polemidia, Limassol, according to data from Ask Wire.
The top 10 transactions amounted to €34.6 million, with Limassol district accounting for four of these sales, followed by Paphos and Larnaca with two each, and Nicosia and free Famagusta with one each.
By district, Limassol led with sales worth €25.6 million (37.4% of total value), followed by Paphos at €16.8 million (24.6%), Nicosia at €10.7 million (15.6%), Larnaca at €9.6 million (14%), and free Famagusta at €5.7 million (8.3%).
Ask Wire CEO Pavlos Loizou noted that over 90% (€62.4 million) of the top 50 transactions occurred in the “open market,” with only 8.8% (€6 million) classified as “bank restructurings.”
He highlighted strong private demand across various property types, from residential to commercial, with particular interest in development land in Larnaca and Paphos.
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