High end real estate activity in Cyprus reached a total of €197.7 million across the 50 largest transactions during the first quarter of 2026. An analysis by Ask Wire reveals a market heavily concentrated in the coastal regions, with Limassol securing the lion’s share of the island’s most expensive property deals.
The data indicates that the top 10 transactions alone accounted for €83.9 million, highlighting a robust appetite for premium assets despite ongoing regional geopolitical instability.
Regional Breakdown: Limassol and Paphos Lead
The high value market remains a two district race, with Limassol and Paphos together accounting for nearly all of the top 50 transactions.
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Limassol: The clear frontrunner, recording 29 of the top 50 sales. These transactions totaled €107.2 million, including the quarter’s most expensive single deal: a field and building complex in the Monagroulli/Monastery area valued at €19.7 million.
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Paphos: Followed with 17 transactions totaling €71.8 million. The district showed significant variety, ranging from large land plots to ultra luxury residential units, such as a €6.3 million mansion in Peyia and a €5.8 million residence in Agios Theodoros.
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The Rest of Cyprus: Activity was significantly lower in other districts. Larnaca saw one major sale of €9 million, Nicosia recorded two deals totaling €7.5 million, and Famagusta saw one top tier transaction at €2.2 million.
Land Sales: A Precursor to New Development
A notable trend in the Q1 data is the dominance of land acquisitions over completed buildings. Six of the ten most expensive sales involved fields or building plots, suggesting that developers and investors are positioning themselves for a fresh cycle of construction.
Top Sales by District (Q1 2026):
| District | סוג נכס | Sale Value |
| לימסול | Field with Building | €19.7 Million |
| פאפוס | Field | €9.5 Million |
| לרנקה | מגרש | €9.0 Million |
| ניקוסיה | מגרש | €5.5 Million |
| פמגוסטה | Field | €2.2 Million |
Expert Analysis: Resilience Amid Uncertainty
Pavlos Loizou, CEO of Ask Wire, noted that the fact that the most expensive sale in every single province involved land underscores the long term confidence investors have in the Cypriot market.
According to Loizou, these figures provide a vital benchmark for 2026. He emphasized that the remainder of the year will be crucial in determining how regional liquidity and investment decisions hold up against the backdrop of wider geopolitical challenges.
Source: www.stockwatch.com.cy