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Cyprus’ Ten Most Expensive Property Sales in January 2024

In January 2024, Cyprus saw its top ten property sales reach a total of €14.3 million, with Limassol leading the pack boasting the highest sale of €2.97 million in Potamos Germasogeias. The vibrant real estate market showcased a diverse range of highticket transactions across regions, indicating a robust start to the year in the Cypriot property landscape.

property market greek cypriot lobby

Crisis in the Property Market: Tensions Rise Between Greek and Turkish Cypriots

Tensions are rising in the northern Cyprus property market due to targeted campaigns against the region’s real estate industry, which Turkish Cypriot ‘Prime Minister’ Unal Ustel believes are orchestrated by the Greek Cypriot lobby. This has resulted in political discontent, accusations of biased reporting, and increased foreign investment, leading to legislative responses and national security inquiries from Turkish officials.

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