Source: Based on data and reporting from Cyprus Property Buyers News and Ask Wire. RealtyHub Cyprus provides its own review and commentary below.

A Hot Summer for Luxury Real Estate

The summer of 2025 proved to be one of the most dynamic in Cyprus’s property history. According to Ask Wire, a leading real estate data and analytics company, the 100 most expensive property transactions completed in July and August 2025 totalled €201.4 million.

In our view, this performance confirms that investor confidence in Cyprus’s high-end property market remains strong — particularly in Limassol, which continues to lead as the island’s real estate powerhouse.

July 2025: Broad-Based Growth Across All Districts

Ask Wire’s report reveals that in July 2025, the ten most expensive property sales across Cyprus reached a total of €31.95 million. The top transaction was a €9 million building sale in the Katholiki area of Limassol, underlining once again the city’s dominance in commercial and urban property investment.

Among the top deals, Limassol recorded four transactions, while Nicosia and Famagusta each had two, and both Larnaca and Paphos registered one. The 50 most expensive transactions of the month added up to €72.8 million, showing healthy distribution across the island.

Limassol was once again the leader, accounting for about a third of the total value, followed by Nicosia with roughly a quarter, and then Paphos, Famagusta, and Larnaca completing the list.

We believe this shows that luxury property demand in Cyprus is broadening geographically — a promising sign that high-value investments are no longer limited to a single city.

August 2025: Limassol Dominates with a Record €58 Million Sale

August, however, was an entirely different story. The month’s ten most expensive transactions totalled €83.5 million, largely thanks to a €58 million sale of office premises in Limassol’s Tsiflikoudia area — one of the most significant property transactions of the year.

Limassol accounted for five of the top ten deals, followed by Famagusta with three, and Larnaca and Paphos with one each. Altogether, the 50 biggest August transactions were worth €128.6 million, with Limassol representing a commanding 61% of that value.

Famagusta surprised analysts by ranking second, with sales totalling €17.3 million — ahead of Larnaca, Paphos, and even the capital, Nicosia. In our opinion, this is a clear signal that the Famagusta coastal region is evolving beyond tourism, becoming a serious destination for real estate investment and second-home ownership.

Notable Properties and Emerging Patterns

Across both months, several standout transactions captured attention — from luxury houses in Ayia Napa and Paralimni to prime urban plots in Katholiki (Limassol) and Skala (Larnaca).

We think that these sales are not only about individual properties but also about what they represent. Urban plots in prime city districts hint at upcoming redevelopment projects, possibly including new apartment complexes, mixed-use buildings, or modern commercial spaces.

Such transactions often precede a new phase of urban regeneration, particularly in central Limassol and Larnaca, where land is limited but demand remains high.

Expert Insights from Ask Wire

According to Ask Wire’s CEO, Pavlos Loizou, July’s market distribution was unique because all five Cypriot districts were represented in the top ten sales — a rarity that indicates stronger national demand for premium real estate.

He also noted that Famagusta’s performance nearly matched Paphos, largely driven by a higher number of transactions exceeding €1 million. In August, Limassol’s massive €58 million sale reaffirmed its dominance, while Nicosia showed a noticeable slowdown, with fewer high-value deals compared to previous quarters.

In our opinion, this evolving pattern shows how economic and lifestyle factors are influencing investment choices. Limassol’s business environment continues to attract corporate buyers and developers, while Famagusta benefits from its growing dual appeal — both as a leisure destination and as a developing property hub.

Our View: What This Means for the Cyprus Market

From our perspective at RealtyHub Cyprus, the data underscores three main trends shaping the market:

Limassol remains the undisputed capital of high-end real estate.

The city continues to attract investors in commercial, luxury residential, and redevelopment sectors.

Famagusta’s market is evolving fast.

What began as a tourism-driven market is turning into a genuine investment ecosystem, attracting both local and foreign buyers.

Urban plots are gaining value.

We believe that large plot purchases in central areas such as Katholiki and Skala will lead to significant redevelopment activity over the next two years.

These findings align closely with MLS transaction trends we track — especially the growing role of data transparency and digital collaboration among agents in shaping pricing and buyer behavior.

Looking Ahead: What to Watch Next

We think that Cyprus’s property market is entering a maturity phase, driven less by new builds and more by urban renewal and asset repositioning. Developers are expected to focus increasingly on mixed-use projects and sustainable redevelopment, leveraging existing land more efficiently.

As MLS data becomes more widely adopted, we believe this transparency will help agents and investors make smarter, data-driven decisions — supporting long-term market stability.

Confidence, Data, and Direction

The summer of 2025 reaffirmed Cyprus’s position as a small island with a big real estate story. Limassol remains at the centre of gravity, yet other districts — particularly Famagusta — are gaining ground.

In our view, this diversification of demand is a healthy sign for the national market. Combined with MLS-powered data insights and a growing culture of professional collaboration, it points toward a more balanced and sustainable future for Cyprus real estate.