Ask Wire: Top 10 property sales in February 2025 total €36.8m

Ask Wire, the technology-enabled company that monitors property transactions, asking prices, and construction activity, has processed and released data on the 10 most expensive property sales completed in February 2025, along with the total value of the top 10 sales per district.

The 10 most expensive sales nationwide amounted to €36.75 million, with the top transaction being the sale of a field in Tserkezoi, Limassol, for €9.4 million.

Limassol led the list with eight of the top 10 transactions, totaling €26.55 million. The remaining two transactions came from Paphos, with a combined value of €10.2 million.

The 10 Most Expensive Property Sales in February 2025

The 50 largest property transactions recorded in February reached a total of €64.8 million. The top 10 sales in Limassol accounted for €29.2 million, representing 45 percent of the national total. Paphos followed with €18 million or 27.7 percent of the total value. Nicosia ranked third, contributing €7.8 million or 12 percent, just ahead of Larnaca, which recorded €7 million, equal to 10.8 percent. The 10 highest-value sales in the Famagusta district amounted to €2.9 million, making up 4.5 percent of the total.

Total Value of the 10 Most Expensive Sales per District

CEO Commentary

Pavlos Loizou, CEO of Ask Wire, commented, "February marked a strong rebound in Cyprus’ high-end property market, more than doubling January’s figures. The surge was driven largely by Limassol, where eight of the top 10 transactions occurred, underscoring the city’s continued appeal to institutional and international investors.

Interestingly, although a €9.4 million field sale topped the charts, residential real estate remains the cornerstone of the high-value segment. Of the 50 largest transactions, over 60 percent were residential – either houses or apartments – highlighting sustained demand for move-in-ready or income-generating assets over speculative land holdings.

We’re also seeing notable geographic polarization. While Limassol and Paphos captured nearly 73 percent of the market’s top value, districts like Famagusta and Larnaca remain underrepresented, despite offering more competitive pricing. This signals a clear gap – and potential opportunity – in regional development and investor targeting.

These insights underline why market participants increasingly rely on data-driven intelligence to make informed decisions – not just on what to buy, but where, when, and why. At Ask Wire, we remain focused on equipping our clients with the clarity they need to navigate this fast-evolving landscape.”

For more information and insights on the real estate market, visit Ask Wire’s website.