Cyprus property market update for the first quarter of 2026

Data released by the firm Ask Wire indicates that the 50 most expensive property sales in Cyprus during the first quarter of 2026 reached a combined total of €197.7 million. Limassol led the market with 29 of these top transactions valued at €107.2 million, followed by Paphos with 17 transactions worth €71.8 million. The single most expensive sale was a field with a building in Moni, Limassol, which sold for €19.7 million. Across the 50 largest transactions, Nicosia accounted for two sales totaling €7.5 million, Larnaca had one sale for €9 million, and Famagusta recorded one sale for €2.2 million. Of the ten highest-value deals, five were located in Paphos, four in Limassol, and one in Larnaca. The report highlights that six of the ten most expensive sales involved land, suggesting preparations for a new development cycle according to Ask Wire CEO Pavlos Loizou. Paphos also saw significant residential activity, including a €6.3 million villa in Peyia and a €5.8 million residence in Ayios Theodoros.