By Eleni Philippou
鈧75.7m in high-value property sold across Cyprus in May rebound
Cyprus recorded 鈧75.7 million in high-value property transactions in May 2025, showing a strong rebound from April, with Nicosia leading the market, according to real estate analytics firm Ask Wire.
Land Registry data revealed that the ten most expensive transactions nationwide reached 鈧38.8m, with the top deal being the 鈧12.5m sale of a plot in Engomi, Nicosia.
Limassol dominated the top 10 list with five sales, while Nicosia and Paphos each reported two transactions, and Larnaca contributed one.
In district terms, Nicosia emerged as the leader in the high-end market with 鈧23.8m in its top 10 transactions, accounting for 31.4 per cent of the national total.
Limassol followed with 鈧20.9m (27.6 per cent), while Paphos posted 鈧16.1m (21.2 per cent). Larnaca recorded 鈧10.5m (13.8 per cent), and Famagusta reported 鈧4.5m, making up 6 per cent of the total.
The most expensive transaction in each district included a 鈧12.5m plot in Engomi in Nicosia, a 鈧7m house in Kato Paphos, and a 鈧2.85m property in Katholiki, Limassol.
In Larnaca, the top deal was a 鈧2.25m field in Agios Nikolaos, while Famagusta鈥檚 highest transaction involved a 鈧1.2m field.
Houses featured prominently among May鈥檚 ten highest-value sales, with six entries. The list also included a plot, two other property types, and one field.
Nationwide, the 50 largest transactions comprised 22 houses, underlining the strong performance of residential properties in the market.
Ask Wire CEO Pavlos Loizou said May was the second-best performing month of 2025 so far for high-value transactions, following March.
He pointed out that half of the 50 most expensive sales exceeded 鈧1m, reflecting increased activity across all districts compared to April.
Loizou concluded that 鈥渉ouses were a significant feature in May鈥檚 data, as six of the top 10 transactions involved residential properties, while 22 house sales were recorded in the top 50 overall.鈥