29.01.2024
The Cyprus property market has seen remarkable activity in 2023, with a number of major transactions highlighting continued investor interest in high-quality properties on the island. Below is an overview of the ten most expensive property transactions in Cyprus for the year, reflecting current trends and preferences in the market.
- Purchase of a complex of luxury villas in Limassol . The transaction, valued at 30 million euros, became a significant event on the market. The complex includes several villas with sea views, providing a high standard of living and privacy.
- Office building for sale in Nicosia. A modern office building that meets international quality and energy efficiency standards has been sold for €25 million , highlighting the growing demand for quality office space in the capital.
- Deal for the purchase of a luxury residential complex on the coast of Paphos. A luxury residential complex has been acquired for €22 million, demonstrating the attractiveness of Paphos for high-end property investment.
- Purchase of a hotel complex in Ayia Napa . The €20 million investment deal reflects interest in developing tourism infrastructure in popular resort areas.
- Purchase of land for development in Larnaca . A plot of land covering more than 10 hectares was purchased for €18 million for the development of a residential complex, demonstrating Larnaca’s potential for new projects.
- Purchase of a luxury villa in Limassol . A villa with panoramic sea views and exclusive design sold for €15 million, highlighting the demand for high-quality housing.
- Transaction with the purchase of a shopping center in Nicosia. A large shopping center was purchased for 13 million euros.
- Selling exclusive penthouse in Limassol . A penthouse in one of the city’s most prestigious residential complexes has sold for €12 million, demonstrating the demand for luxury housing among buyers.
- Investment in the development of a marina in Paphos. The marina project, with marina and commercial space, was valued at €10 million, highlighting Paphos’ potential as a major maritime centre.
- Purchase of a historic mansion in the center of Nicosia. A mansion with unique architecture and historical value was bought for 8 million euros, indicating a growing interest in preserving cultural heritage.
These transactions highlight the diversity of investment opportunities in the Cypriot property market, including residential and commercial properties, as well as projects aimed at developing tourism and preserving cultural heritage.
