Limassol led Cyprus’ high-value real estate market in October, driving €34.6 million in top property sales, according to real estate analytics firm Ask Wire.
The district recorded four of the ten most expensive transactions, including the highest-value sale of the month—a €9.9 million mixed-use building in the Panagia Evangelistria area of Kato Polemidia.
Ask Wire’s analysis shows that Limassol secured the highest overall sales value, accumulating €16.7 million from the top 10 transactions.
Paphos followed with €8.7 million from two major deals, while Larnaca contributed €4.65 million. Nicosia and Famagusta recorded €2.1 million and €2.5 million, respectively.
The 50 largest property sales in October, comprising the ten highest-value transactions from each district, had a combined value of €68.4 million.
Limassol accounted for 37.4 per cent of the total, with its top 10 properties sold for €25.6 million. Paphos followed with 24.6 per cent, or €16.8 million, while Nicosia contributed 15.6 per cent, or €10.7 million.
Larnaca represented 14 per cent of the total, with €9.6 million in sales, while Famagusta recorded the lowest contribution at €5.7 million, or 8.4 per cent of the overall value.
Breaking down the highest-value sales by district highlights notable regional differences in property demand.
Limassol’s €9.9 million mixed-use building represented 59.3 per cent of the district’s total.
In Paphos, the €4.15 million residence in Kouklia accounted for 47.7 per cent of the district’s top 10 sales, while in Nicosia, an apartment building in Dali, sold for €2.96 million, made up 72.8 per cent.
Larnaca’s priciest transaction, a €1.8 million field in Voroklini, comprised 38.7 per cent of the district’s total, while Famagusta’s highest-value deal, a €530,000 field, contributed 9.3 per cent.
Pavlos Loizou, CEO of Ask Wire, said “Over 90 per cent of the top 50 transactions, totaling €62.4 million, were conducted in the ‘Open Market,’ emphasising strong private demand”.
“Bank restructuring sales,” he continued, “accounted for only 8.8 per cent, highlighting a vibrant, buyer-driven market”.
He added that “transactions ranging from €500,000 to €5 million underscore Cyprus’ dual role as a residential and holiday destination.”
“Demand for development land in Larnaca and Paphos is growing, while interest in commercial and mixed-use properties remains concentrated in urban centres like Limassol and Nicosia,” Loizou concluded.
