The 50 most expensive property sales completed in Cyprus in the first quarter of 2026 totalled €197.7 million, with Limassol accounting for the largest share and a single field in Moni topping the list at €19.7 million, according to data from Ask Wire.
The property technology firm analysed transactions from January to March 2026, tracking the largest deals and their distribution by district.
Top ten
The ten most expensive sales combined were worth €83.9 million. The single highest transaction was a field with a building in Moni, Limassol district, valued at €19.7 million.
Of the ten most expensive properties, Paphos recorded five transactions, Limassol four and Larnaca one.
District breakdown
Across the full top 50, Limassol recorded the highest share with 29 of the 50 most expensive sales, totalling €107.2 million. Paphos followed with 17 transactions worth €71.8 million. Larnaca contributed one transaction worth €9 million, Nicosia two transactions totalling €7.5 million, and free Famagusta one sale worth €2.2 million.
Paphos also featured in the top ten for residential sales, with a villa in Pegia valued at €6.3 million and a residence in Agios Theodoros Paphos at €5.8 million.
Land deals signal new development cycle
Ask Wire CEO Pavlos Loizou said a key finding of the analysis was the strength of the land market. Six of the ten most expensive sales in the first quarter involved fields or plots — a pattern he said points to the market preparing for or pricing in a new development cycle.
“A significant finding emerging from our analysis is the dynamics of the land market. When six of the ten most expensive sales in the first quarter involve fields and plots, this is an indication that the market is preparing for or pricing in a new development cycle,” he said.
Loizou added that the most expensive sale in every district of free Cyprus involved a field or plot: a field in Limassol at €19.7 million, a field in Paphos at €9.5 million, a plot in Nicosia at €5.5 million, a plot in Larnaca at €9 million, and a field in free Famagusta at €2.2 million.
Loizou said the Q1 figures offer a useful reference point for the high-value property market in Cyprus at a time of heightened geopolitical uncertainty, and that monitoring transactions throughout the year will help assess whether and to what extent regional developments are affecting demand, liquidity and investment decisions.