Sales of fields and plots dominated the first half of the year across all districts of Cyprus, leading the market ahead of other property categories such as houses, apartments and commercial real estate. Interest from both local and foreign investors focused mainly on fields and plots, with several transactions completed at particularly high prices because of their location or development potential.
The strong investment interest in fields and plots shows that buyers expect land values to increase through future development and investment rather than through the immediate purchase of residential or commercial properties. At the same time, it reflects expectations for growth, particularly in areas where new infrastructure projects, planning changes or tourism developments are expected. It also points to a shift in demand away from completed properties and toward land, as high home prices and increased interest rates have made home purchases less attractive. Limassol led the country in property transaction values during the first half of the year, while Paphos continued to attract major real estate investments. In Nicosia, investor interest remained steady, while Larnaca began to show growing momentum, although transaction values there remain relatively low. The free area of Famagusta also attracted attention from both local and foreign buyers, who continue to view it as a holiday home destination. Kathimerini obtained data on the five highest-value property transactions completed in each district between January and June 2026. The figures come from an analysis by the Ask Wire data platform.
The data
During the first half of 2026, according to the Department of Lands and Surveys, a total of 9,703 transactions across all property categories were recorded, with a combined value of €2.43 billion across the districts of free Cyprus. Ask Wire’s data shows transaction values ranging from €1.6 to as much as €55 million. The lowest-value property transaction recorded during the first half of this year took place in Larnaca and involved a field in Livadia. The highest-value transaction, worth €55 million, involved five beachfront fields and one field with a building in the Moni area of Limassol.
The districts
According to the data, the free district of Famagusta recorded the lowest total property transaction value during the first half of the year, with its five largest sales totaling €15.1 million. The district’s five most expensive transactions included a house in Ayia Napa worth €4.6 million, a field in Ayia Napa sold for €4.3 million, two fields in Paralimni sold for €2.2 million and €2.1 million respectively, and a complex of unfinished houses in Paralimni worth €1.7 million. Ask Wire CEO Pavlos Loizou told K that the district’s tourism and holiday home profile continues to shape its biggest investments.
Larnaca followed, with its five highest-value property transactions totaling €15.8 million during the first half of the year. The city has recently attracted increasing investor interest and is gaining momentum. The largest sale involved a plot in Chrysopolitissa worth €9 million, reflecting the area’s potential for major developments. The remaining four properties sold for between €1.6 million and €1.8 million, mainly in growing suburbs such as Voroklini and Livadia, for both residential and investment purposes.
Nicosia ranked third based on the combined value of its five largest transactions, with property sales totaling €16.5 million. According to Mr. Loizou, the capital continues to attract stable investment, with most purchases intended to meet the housing needs of local residents. The largest transactions during the first half of 2026 centered on large plots, fields in prime locations and luxury apartments. The most expensive sale took place in Anthoupoli, where a plot sold for €5.5 million. An apartment in Agioi Omologites also sold for €3.2 million, while two fields in Strovolos changed hands for €2.9 million and €2.4 million respectively. The fifth-largest transaction in Nicosia was another plot in Strovolos, which sold for €2.4 million.
Paphos ranked fourth based on the combined value of its five largest property transactions, with sales totaling €47.5 million during the first half of the year. The district’s most expensive sale involved an apartment in Kato Paphos that sold for €13 million. Two adjoining fields in Peyia were sold for the same amount. A field and a house in Peyia also sold for €9.5 million and €6.3 million respectively. The fifth most expensive property was located in the Agios Theodoros area and sold for €5.7 million. According to the CEO of Ask Wire, Paphos has long attracted major investments focused on luxury seafront properties and large land holdings. Peyia continues to stand out with a significant number of high-value property sales, while the prime area of Kato Paphos remains equally important.
The champions
Limassol retained its position at the top of Cyprus’ property market, with its five largest transactions reaching a combined value of €108 million during the first half of the year, well ahead of every other district. According to the data, the biggest transaction of the first half of 2026 took place in the Moni area, where a large beachfront site changed hands for €55 million.
Demand also remained strong in Germasogeia, Agios Athanasios and Parekklisia, where investors continued to acquire prime plots, office space and fields.
The district’s largest transactions included the sale of 13 fields in Parekklisia for €19.3 million, the sale of a plot in Potamos Germasogeias worth €14.5 million, and the sale of office space in Agios Athanasios for €10.7 million. Completing the list of the five most expensive transactions was the sale of a field in Germasogeia worth €8.9 million.
