In a remarkable display for Cyprus’ real estate sector this March, Nicosia has emerged as a focal point due to recording the most significant property deal in the nation—a €29.3 million sale of an office building in Agioi Omologites’ central vicinity. This notable transaction, highlighted by property analytics firm Ask Wire, emphasizes the capital’s rising influence in substantial property transactions.

According to the firm’s statistics, the top 10 property sales across Cyprus in March reached a collective value of €56.5 million. Nicosia, along with Limassol and Larnaca, played leading roles, with both Nicosia and Limassol each securing three major transactions and Larnaca slightly ahead with four.

Broadening the scope, the top 50 high-value transactions across all districts in March amassed a total of €92.7 million. Impressively, Nicosia alone contributed nearly half of this sum—€45.5 million—securing a commanding 49% share and solidifying its market leadership.

Trailing Nicosia, Larnaca achieved €17.4 million in high-end property sales among its top 10, accounting for 18.8% of the country’s top 50 deals. Limassol followed with €16.2 million or 17.5%, marking a notable shift as Limassol, typically a leader, was overtaken by both Nicosia and Larnaca.

“Remarkably, in March, Limassol found itself ranked behind two other districts—Nicosia and Larnaca—in transaction value, securing only three spots in the month’s top 10 property deals,” stated Pavlos Loizou, CEO of Ask Wire.

Paphos, on the other hand, experienced a decline, with the total value of its top 10 sales reaching €7.1 million (7.7% of the total), only slightly surpassing the free Famagusta area, which recorded €6.5 million (7%).

In the high-end market, residential properties were predominant, constituting 27 out of the 50 most valuable transactions. Land sales also played a significant role, with 14 transactions, five of which were among the month’s top 10 highest-value deals.

Overall, March saw a 43% increase in premier property sales compared to February 2025, reflecting a surge in investor confidence and a dynamic change in district-level market dominance.