![](\"https:\/\/www.financialmirror.com\/wp-content\/uploads\/2024\/01\/askwire-cyprus-top-10-property-deals.png\")
At \u20ac120.2 mln, Limassol district accounted for 42% of the value of all deals, followed by Famagusta with 16.2% for a total value of \u20ac46.4 mln.<\/p>\nCyprus\u2019 top 50 real estate transactions last year yielded a combined \u20ac285.8 mln, according to data compiled by Ask Wire that also listed the ten most expensive property deals in 2023.<\/p>\n
The real estate tech and advisory experts said that the top ten property sales amounted to a total of \u20ac120.4 mln, with the most expensive deal being a plot of land within Limassol Municipality, valued at \u20ac22.1 mln.<\/p>\n
The list of the ten most expensive property transactions is dominated by Limassol town and district, which accounted for nine deals amounting to \u20ac111.2 mln. Tenth on the list was the sale in Famagusta district of a field near Paralimni for \u20ac9.1 mln.<\/p>\n
At \u20ac120.2 mln, Limassol district accounted for 42% of the value of all deals, followed by Famagusta with 16.2% for a total value of \u20ac46.4 mln.<\/p>\n
Larnaca and Paphos districts followed with \u20ac42.6 mln and \u20ac41.1 mln, respectively, while Nicosia district, recoded a total value of \u20ac35.5 mln.<\/p>\n
\u201cIn 2023, high-value property sales captured the attention of buyers, with Limassol reaffirming its reputation for having the most expensive properties,\u201d explained Pavlos Loizou, CEO of Ask Wire.<\/p>\n
He highlighted \u201cthe prominence of transactions of field plots among high-value deals. It was not just the top sale of 2023 that involved a field, but a total seven out of the top ten transactions involve fields\u201d.<\/p>\n
Loizou argued that this trend reflects the future potential of the market, as these high-value plots are primarily earmarked for development within the next two to five years. ![](\"https:\/\/www.financialmirror.com\/wp-content\/uploads\/2024\/01\/askwire-cyprus-deals-by-district.png\")
<\/p>\n","protected":false},"excerpt":{"rendered":"
Last year, the top 50 real estate transactions in Cyprus generated a total of \u20ac285.8 million. The ten most expensive property deals amounted to \u20ac120.4 million, with the highest-priced deal being a plot of land in Limassol Municipality valued at \u20ac22.1 million. Limassol dominated the list of the ten most expensive transactions, accounting for nine deals worth \u20ac111.2 million. The remaining deal on the list was a field near Paralimni in the Famagusta district sold for \u20ac9.1 million. Limassol district accounted for 42% of the total value of all deals, followed by Famagusta with 16.2%. Larnaca and Paphos districts had values of \u20ac42.6 million and \u20ac41.1 million, respectively, while Nicosia district recorded a value of \u20ac35.5 million. The CEO of Ask Wire, Pavlos Loizou, noted the prominence of field plots in high-value transactions, suggesting their future development potential within the next two to five years.<\/p>\n","protected":false},"author":4,"featured_media":2619,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"Default","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4],"tags":[682,313,3,157,24,406,130,683,284,287,618],"class_list":["post-2618","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cyprus","tag-askwire","tag-buying-property","tag-cyprus","tag-larnaca","tag-limassol","tag-nicosia","tag-paphos","tag-pavlos-loizou","tag-property","tag-real-estate","tag-top"],"acf":{"keyphrase":"","keywords":"","sourceimg":"","country-category":""},"yoast_head":"\n