The luxury residential property market in Cyprus has shown an impressive recovery in February 2025, according to a report from Ask Wire , the total value of the 50 largest transactions on the island in this segment amounted to €64.8 million.
Regional sales statistics
- Limassol : €29.2 million (45% of the total).
- Paphos : €18 million (27.7%).
- Nicosia : €7.8 million (12%).
- Larnaca : €7 million (10.8%).
- Famagusta : €2.9 million (4.5%).
In each area, the largest transactions confirm the general trend:
- Limassol : The sale of a plot for €9.4 million represented 32.2% of the final volume.
- Paphos: €7.6 million mixed-use development contributed 42.2% to the district’s total.
- Nicosia: house for €1.45 million (18.5%).
- Larnaca : plot for €1.15 million (16.4%).
- Famagusta : house for €500,000 (17.2%).
CEO of Ask Wire Pavlos Loizou noted that February was a month of recovery for the Cyprus luxury property market, more than doubling compared to January. More than 60% of the top 50 transactions involved residential properties, highlighting the continued interest in ready-to-move-in or income-generating assets over speculative land. Despite the dominance of Limassol and Paphos (accounting for 73% of the total transaction value), Larnaca and Famagusta remain undervalued areas, offering significant potential for development.
