{"id":13528,"date":"2024-05-29T12:00:17","date_gmt":"2024-05-29T09:00:17","guid":{"rendered":"https:\/\/ch.jfdi.cc\/?p=13528"},"modified":"2024-05-29T12:00:17","modified_gmt":"2024-05-29T09:00:17","slug":"limassol-continues-to-dominate-high-end-property-sales","status":"publish","type":"post","link":"https:\/\/ch.jfdi.cc\/?p=13528","title":{"rendered":"Limassol continues to dominate high-end property sales"},"content":{"rendered":"
<\/div>\n

The ten most expensive property sales in Cyprus amounted to an impressive \u20ac16.2 million <\/strong>in April of this year, with Limassol continuing to feature prominently <\/strong>at the higher end of the market, <\/strong>according to a report released on Wednesday by real estate analytics firm Ask Wire. The highlight of these high-profile transactions was a house in Paphos\u2019 Kouklia,<\/strong> which sold for a staggering \u20ac3m<\/strong>.<\/p>\n

The report showed that the Limassol district once again dominated the list with six transactions, complemented by Paphos with three sales and Nicosia with one. <\/p>\n

The transactions in Limassol alone totalled \u20ac10.3m<\/strong>, underscoring its prominence in the high-end market. <\/p>\n

Meanwhile, the Paphos district recorded \u20ac4.9m worth of transactions, while the capital, Nicosia, recorded a transaction worth \u20ac1m.<\/p>\n

Among the top sales, a house in Pano Platres, Limassol, fetched \u20ac2.6m<\/strong>, making it the second most expensive transaction.<\/p>\n

Additionally, Limassol saw a field in Ayios Amvrosios sell for \u20ac2.1m and an apartment in Mouttagiaka for \u20ac1.73m<\/strong>. <\/p>\n

Other notable sales in Limassol included a house and a piece of land in Mouttagiaka and Ayios Athanasios Municipality, respectively.<\/p>\n

The Paphos district showcased its luxury market with a \u20ac950 thousand house and a \u20ac950 thousand field in Kissonerga, adding to the \u20ac3m transaction in Kouklia. <\/p>\n

In Nicosia, a notable sale was a piece of land in the Municipality of Strovolos, which went for \u20ac1m.<\/p>\n

In the larger context of the 50 most expensive transactions across the country, the total value reached \u20ac35.6m.<\/strong> <\/p>\n

The Limassol district again led the charge, contributing 37.1 per cent of this total, followed by Paphos with 27.5 per cent. <\/p>\n

The top ten properties in Nicosia were sold for \u20ac5.5m, while Larnaca and the free area of Famagusta recorded sales worth \u20ac4.1m and \u20ac3m, respectively.<\/p>\n

When examining the most expensive sale per region, Paphos stood out with the \u20ac3m house in Kouklia, which constituted 30.6 per cent of the area\u2019s total sales value. <\/p>\n

Limassol\u2019s top sale was the \u20ac2.6m house in Pano Platres, <\/strong>representing 19.7 per cent of its total.<\/p>\n

Nicosia\u2019s priciest transaction was the \u20ac1m land sale in Strovolos, accounting for 18.3 per cent of the province\u2019s total sales. <\/p>\n

In Larnaca<\/strong>, the most expensive property was an apartment sold for \u20ac590,000,<\/strong> making up 14.4 per cent of the area\u2019s total, while in the free area of Famagusta, a residential property sold for \u20ac688 thousand, representing 22.9 per cent of its total sales.<\/p>\n

Pavlos Loizou, CEO of Ask Wire, commented on these trends, noting that residential properties dominate the high-end market. <\/p>\n

\u201cIf we look closely at the 10 most expensive transactions that took place across Cyprus in April, we will observe that six of them involve residential properties (four houses and two apartments), while the most expensive transactions per district, except for Nicosia, also concern residential properties,\u201d Loizou said. <\/p>\n

\u201cThis trend is even more pronounced in the 50 most expensive sales \u2013 10 per district \u2013 as 38 of them involve residential properties,\u201d he added. <\/p>\n

\u201cSpecifically, 29 houses worth \u20ac19.1 million and nine apartments worth \u20ac6.1 million were sold. Generally, we see that Limassol continues to hold the lead in high-value property sales<\/strong>,\u201d Loizou concluded.<\/p>\n","protected":false},"excerpt":{"rendered":"

The ten most expensive property sales in Cyprus in April totaled \u20ac16.2 million, with Limassol being prominent in the high-end market. The highlight was a house in Paphos’ Kouklia that sold for \u20ac3 million. Limassol had the highest total transactions at \u20ac10.3 million, followed by Paphos at \u20ac4.9 million and Nicosia at \u20ac1 million. In the larger context of the 50 most expensive transactions, the total value reached \u20ac35.6 million, with Limassol leading with 37.1% of the total. Residential properties dominated the high-end market, with Limassol continuing to lead in high-value property sales.<\/p>\n","protected":false},"author":3,"featured_media":13529,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"Default","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4],"tags":[1521,312,6105,8625,8726,3,8285,1543,10920,11546,9046,346,7792,2121,157,24,6365,406,130,4971,683,10846,3327,284,3989,287,8183,4620,10214,4917,6106,6928,6743,618],"class_list":["post-13528","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cyprus","tag-1521","tag-apartment","tag-apartments","tag-april","tag-ceo","tag-cyprus","tag-expensive","tag-famagusta","tag-free","tag-high-end-market","tag-house","tag-kissonerga","tag-kouklia","tag-land","tag-larnaca","tag-limassol","tag-municipality","tag-nicosia","tag-paphos","tag-paphos-district","tag-pavlos-loizou","tag-platres","tag-properties","tag-property","tag-property-sales","tag-real-estate","tag-released","tag-report","tag-residential","tag-residential-properties","tag-sales","tag-six","tag-strovolos","tag-top"],"acf":{"keyphrase":"","keywords":"","sourceimg":"","country-category":""},"yoast_head":"\nLimassol 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