Nicosia, Cyprus. Cyprus’ high-end property market recorded €197.7 million in major transactions in the first quarter of 2026, with Limassol and Paphos leading the island’s most expensive sales, according to data from Ask Wire.
Top 50 transactions and largest deals
Ask Wire analysed the 50 highest-value property sales completed between January and March and their distribution across Cyprus’ districts.
The 10 largest transactions totalled €83.9 million. The most expensive sale involved a building and six adjacent fields in Moni, in the Limassol district, which sold for €19.7 million.
District breakdown in the top 10
Among the top 10 deals, Paphos accounted for five transactions, followed by Limassol with four and Larnaca with one.
Concentration across the top 50
Limassol accounted for 29 of the 50 most expensive transactions, with a combined value of €107.2 million. Paphos followed with 17 transactions worth €71.8 million.
Larnaca appeared among the top 50 with one transaction worth €9 million, while Nicosia recorded two transactions totalling €7.5 million. Famagusta was represented by one transaction valued at €2.2 million.
Notable residential sales in Paphos
Ask Wire said Paphos stood out for the diversity of its transactions, including the most expensive residential property sales nationwide. These included a villa in Peyia sold for €6.3 million and a house in Ayios Theodoros, Paphos, sold for €5.8 million.
Ask Wire comments on land market activity
Ask Wire CEO Pavlos Loizou said “one of the most significant findings emerging from our analysis is the strong momentum in the land market.”
He said that “when six of the 10 most expensive transactions of the first quarter involve fields and plots, this indicates that the market is either preparing for or is certain for a new development cycle.”
Which district’s share of Cyprus’ most expensive property transactions stands out most to you?
