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25th February 2024
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HomeNewsLimassol dominated the Cypriot property market in 2023

Limassol dominated the Cypriot property market in 2023

Cypriot real estate data analytics firm Ask Wire on Monday released a report outlining the ten most lucrative property transactions completed in Cyprus during 2023, along with additional analysis pertaining to the Cypriot property market.

In its report, the company highlighted key trends, which again showed the dominance of high-value deals, particularly in the district of Limassol.

According to the report, the fifty largest transactions, distributed evenly across the districts, amounted to a total of €285.8 million.

Among these transactions, the ten most expensive sales collectively reached €120.4 million in value, with the costliest single transaction involving the sale of a plot of land in the Limassol municipality for €22.1 million.

Moreover, Limassol led the pack in both the number and value of transactions, boasting nine out of the ten most expensive deals.

Commenting on the finding, CEO of Ask Wire Pavlos Loizou said that “the analysis reveals that high-value property sales dominated the market in 2023, with Limassol confirming its reputation as the district with the most expensive properties”.

“An intriguing discovery is the prominence of land transactions among