What this guide covers
Ask Wire, an innovative data-focused firm tracking real estate transactions, asking prices, and construction activity, has released its latest analysis for January 2025. Below, you’ll find comprehensive insights into the month’s 10 highest-value property deals, alongside key figures on the top 50 sales across major districts.
The 10 Most Expensive Sales in January
The combined value of these 10 priciest properties reached €12.1 million, led by a standout sale at €2.05 million for a house in Mouttagiaka, Limassol. Overall, Limassol secured seven of the top deals, worth €8.8 million in total, followed by Larnaca (two transactions for €2.5 million) and Paphos (one sale at €810,000).
| Property Type | Location | Sale Price |
|---|---|---|
| House | Limassol / Mouttagiaka | €2.05 million |
| House | Limassol / Souni – Zanakia | €2 million |
| Land | Larnaca / Mazotos | €1.6 million |
| House | Limassol / Mouttagiaka | €1.2 million |
| House | Limassol / Agia Zoni | €1.06 million |
| House | Larnaca / Perivolia | €900,000 |
| House | Limassol / Agios Athanasios | €820,000 |
| House | Limassol / Agia Zoni | €820,000 |
| Plot | Limassol / Agios Nikolaos | €820,000 |
| Land | Paphos / Geroskipou | €810,000 |
Source: Department of Lands and Surveys, Analysis: Ask Wire
January’s 50 Largest Transactions (10 per District)
When analyzing the top 50 sales, Limassol stands out, contributing 36.5% of the cumulative value. Larnaca and Paphos each captured 19.5%, with Nicosia following at 16%. Limassol’s 10 leading deals totaled €11 million, while Larnaca and Paphos reached €5.9 million apiece. Nicosia’s top 10 sales summed up to €4.8 million, and Famagusta’s highest 10 collectively hit €2.6 million, 8.5% of the total value of these 50 most expensive transactions.
High-Value Property Sales in January
The 50 most valuable property transactions in November 2024 collectively amounted to €47.3 million:
- Famagusta: €2.6 million (8.5% of the total)
- Larnaca: €5.9 million (19.5% of the total)
- Limassol: €11 million (36.5% of the total)
- Nicosia: €4.8 million (16% of the total)
- Paphos: €5.9 million (19.5% of the total)
Source: Department of Lands and Surveys, Analysis: Ask Wire
January’s Most Expensive Property Sales by District
| District | Highest Transaction | Type of Property | Share of District Total (%) |
|---|---|---|---|
| Famagusta | €520,000 | House | 20% |
| Larnaca | €1.6 million | Land | 27.1% |
| Limassol | €2.05 million | House | 18.6% |
| Nicosia | €745,000 | House | 15.5% |
| Paphos | €810,000 | Land | 13.5% |
Source: Department of Lands and Surveys, Analysis: Ask Wire
Pavlos Loizou, CEO of Ask Wire, remarked:
“January 2025’s high-value property market remained modest, with the biggest sale slightly above €2 million. Compared to December 2024, the total worth of the top 50 costly deals dropped significantly by 67%.
“Moreover, 27 out of the 50 top transactions were houses. Including nine luxury apartments, it’s evident that residential properties steered the high-value segment in January.
“Nicosia notably displayed the fewest residential sales in its top 10, whereas all top-10 properties in Famagusta were residential (seven houses and three apartments).”
Explore more market insights at Ask Wire’s website. If you’re seeking additional opportunities in Cyprus’s dynamic real estate scene, check out Cheap Houses and Villas for Sale Cyprus or discover Plots of Land for Sale for promising investment prospects.
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