Cyprus’s luxury property market recorded strong growth in the first half of 2025, with the top 50 transactions nationwide totalling €306.1 million, marking a 16.8% increase from the same period in 2024, according to analysis by technology and data company Ask Wire.
The most expensive sale involved an apartment complex in Limassol’s Tsiflikoudia area, which changed hands for €44.8 million.
Limassol dominated the market with six of the 10 most expensive transactions, worth a combined €105.7 million, followed by Nicosia (€41.8 million) and Paphos (€21.5 million).
Limassol maintains dominance
Limassol retained its leading position with total transaction value of €132 million among the top 10 deals, whilst Nicosia and Paphos followed with €67.4 million and €54.6 million respectively. Larnaca (€27.8 million) and Famagusta (€24.3 million) districts recorded smaller but steady presence.
The top 10 transactions for the first half included office buildings, commercial properties, land plots and luxury residences across multiple districts, demonstrating broad geographic distribution of high-value investments.
June highlights Ayia Napa
In June 2025, the month’s most expensive property sale occurred in Ayia Napa, where a house sold for €6.2 million. The combined value of the month’s top 10 sales exceeded €27.1 million, whilst the 50 largest June transactions totalled €52.9 million.
June’s top sales included two Ayia Napa houses at €6.2 million and €4.8 million, alongside plots in Limassol’s Germasogeia (€4.5 million) and Nicosia’s Latsia (€2.2 million).
Development potential noted
Ask Wire CEO Pavlos Loizou said the luxury market “performed exceptionally well” with widespread geographic distribution of investments.
He highlighted increased investment in properties with development potential, such as plots and agricultural land, expected to be utilised in coming years.
The data, processed from Land Registry Department records, shows sustained appetite for high-value Cyprus real estate despite broader economic uncertainties, with transactions spanning residential, commercial and development properties across all districts.