Property sales in Cyprus hit €20.9M in August, Limassol leads with €5.4M home

The 10 most expensive property sales across Cyprus in August totaled €20.9 million, with the highest transaction being a house in Ayios Tychonas, Limassol, sold for €5.4 million, according to data from Ask Wire.

Limassol and Paphos each recorded four transactions in the top 10, followed by Nicosia and Larnaca. The total value of these sales in Limassol reached €10.3 million, while Paphos transactions amounted to €7.5 million. Nicosia recorded €1.7 million in sales, and Larnaca €1.25 million.

According to Ask Wire, the 50 largest transactions in August, with 10 from each district, amounted to a total value of €45.6 million.

Limassol accounted for 32.9% of the top 50 transactions’ total value, while Paphos made up 27%. Larnaca’s 10 priciest properties sold for €7.9 million, representing 17.3%, slightly higher than Nicosia’s €6.6 million. The 10 most expensive properties in the Famagusta district were valued at €3.8 million.

[Information sourced from CNA]