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26th February 2024
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HomeSalesProperty sales reach €0.5bn in Limassol in Q2 2023

Property sales reach €0.5bn in Limassol in Q2 2023

A total of 1,383 properties worth a total of €437.9 million were sold in Limassol in the second quarter of 2023 according to Ask Wire, a company that combines expertise in the real estate sector with the use of technology.

As can be seen from the analysis of the data, during the reporting period, 499 apartments, 271 houses, 430 fields and 183 plots were sold in the city and district of Limassol. The value of the apartments sold reached €197.2 million, the houses €115.8 million, the fields €75.5 million and the plots €49.35 million.

Apartments

Limassol gathered 26.6% of the volume of apartment sales in Cyprus. The greatest interest of buyers in the Limassol district is focused on apartments worth €100,000 – €500,000 as eight out of ten apartments were sold at these prices. In particular, 29.9% of sales concerned apartments worth €100,000 – €200,000, 27.9% apartments worth €200,000 – €300,000 and 24.4% apartments worth €300,000 – €500,000. In Limassol, 29 apartments worth more than €1 million were sold. The most expensive apartment was sold for €10.3 million.