The total value of the 50 most expensive property sales in Cyprus reached €197.7 million in the first quarter of 2026, according to data from the Department of Lands and Surveys, analysed by Ask Wire.
The firm, which uses technology to track transactions, asking prices and construction activity, analysed the largest deals completed between January and March 2026, including their distribution across districts.
High-value property sales focussed on Limassol and Paphos
The ten most expensive transactions alone were worth €83.9 million, with the single largest deal involving land with a building in Moni, Limassol, valued at €19.7 million.
Among the top ten sales:
- Five were recorded in Paphos
- Four in Limassol
- One in Larnaca
This highlights a strong concentration of high-value activity in Limassol and Paphos.
Across Cyprus, Limassol led the market with 29 of the top 50 transactions, totalling €107.2 million. Paphos followed with 17 deals worth €71.8 million.
Paphos shows diverse property demand
Paphos stood out for its diversity of assets. Alongside land deals, it featured prominently in high-end residential sales within the top ten.
Notable transactions included:
- A villa in Pegeia valued at €6.3 million
- A residence in Agios Theodoros, Paphos, worth €5.8 million
Elsewhere, Larnaca recorded one transaction worth €9 million, Nicosia two deals totalling €7.5 million, and the free Famagusta district one sale valued at €2.2 million.
Land market signals new development cycle
Pavlos Loizou, Chief Executive of Ask Wire, said a key finding from the analysis is the strength of the land market.
Six of the ten most expensive deals involved fields and plots, suggesting that the market may be preparing for, or anticipating, a new wave of development.
He noted that the highest-value sale in each district across free Cyprus involved land:
- Limassol: €19.7 million field
- Paphos: €9.5 million field
- Nicosia: €5.5 million plot
- Larnaca: €9 million plot
- Famagusta: €2.2 million field
The 10 most expensive property sales in Q1 2026
| No | Property Type | Sale Price | District / Municipality – Community |
|---|---|---|---|
| 1 | Building and 6 adjacent fields | €19.7 million | Limassol / Moni |
| 2 | Field | €9.5 million | Paphos / Pegeia |
| 3 | Plot (seaside) | €9 million | Larnaca / Chrysopolitissa |
| 4 | Field | €8 million | Paphos / Agia Marinouda |
| 5 | Field | €7.25 million | Limassol / Agios Athanasios |
| 6 | Commercial building | €7.15 million | Limassol / Mouttagiaka |
| 7 | House | €6.3 million | Paphos / Pegeia |
| 8 | House | €5.8 million | Paphos / Agios Theodoros |
| 9 | Apartment | €5.7 million | Limassol / Agios Tychonas |
| 10 | Field | €5.5 million | Paphos / Moutalos |
Source: Department of Lands and Surveys, Analysis: Ask Wire
According to Loizou, first-quarter data provides a useful benchmark for Cyprus’ high-value property segment at a time of heightened geopolitical uncertainty.
He added that tracking transactions throughout the year will be key to assessing how regional developments influence demand, liquidity and investment decisions.
