Ask Wire, an organization that mixes actual property experience with the usage of expertise, has compiled and printed the information on the ten most costly actual property transactions accomplished in February 2024 and the entire worth of the ten most costly gross sales by province.
The ten most costly actual property gross sales in Cyprus totaled €25.1 million and the most costly sale concerned a discipline in Paphos with a value of €4.8 million.
The district of Paphos counts 5 transactions within the prime ten of gross sales, which is complemented by Limassol with 4 and Nicosia with one. The worth of those transactions within the district of Paphos amounted to €12.6 million, within the district of Limassol to €9.8 million and in Nicosia to €2.75 million.
The ten most costly actual property gross sales in February 2024
Supply: Cyprus Land Registry, Evaluation: Ask Wire
The 50 largest transactions, ten per province, in February had a complete worth of greater than €55 million.
63.4% of the worth of those gross sales corresponds to the 20 properties within the provinces of Paphos and Limassol. Particularly, the ten most costly properties in Paphos district have been bought for €17.5 million, the ten in Limassol have been bought for €17.4 million and in Nicosia for €9.4 million. The bottom worth (€7 million) is the ten most costly properties bought in February within the province of Larnaca, adopted by the province of Famagusta with €3.7 million.
Complete worth of 10 most costly gross sales per province
Supply: Cyprus Land Registry, Evaluation: Ask Wire
Dearer sale by province
Supply: Cyprus Land Registry, Evaluation: Ask Wire
Pavlos Loizou, CEO of Ask Wire, commenting on the above knowledge said that, “if we make a comparability with January 2024 we’ll see that in February the excessive worth actual property market recorded a big improve. On the identical time, the district of Paphos exhibits for the umpteenth time its dynamics in this sort of actual property and it’s indicative that it even surpasses Limassol, even when that is largely as a result of costlier sale of Pankypria, which came about on this explicit district.”
For extra info and knowledge on the actual property market go to the Ask Wire web page
