23.10.2023
Cyprus fintech company Ask Wire on Monday published a report on the ten most expensive real estate sales that occurred in September 2023, the result of a data-driven analysis of the domestic real estate market.
Nicosia and Paphos each have three deals in the top ten sales, followed by Limassol and Larnaca with two deals each. The districts of Nicosia and Paphos contributed three deals each to the top ten, while Limassol and Larnaca added two deals each. Sales in the Limassol area amounted to € 7.5 million , Nicosia €6.7 million, Paphos €4 million and Larnaca €3.6 million.
The ten most expensive properties in Limassol were sold for a total of €13.6 million, representing 29.4 percent of the total, while the ten most expensive properties in Nicosia, valued at €12 million, accounted for 26 percent of the total.
The ten most expensive properties sold in September in the province of Paphos had the lowest value (8.8 million euros), followed by the provinces of Larnaca (8.6 million euros) and Famagusta (3.2 million euros).
Pavlos Loizou , CEO of Ask Wire , commented on the data, stating that “it is clear from the analysis that market activity predominantly revolves around lower-priced properties. An example of this is the fact that only 10 of the top 50 transactions across the island exceeded the €1 million mark, with a further nine falling below the €500,000 threshold,” he added.
