The Cyprus real estate market has experienced a surge in property sales in 2023, with 8,681 property transfers and 9,374 sales documents registered. Limassol leads in sales value, while Nicosia has the highest number of property transfers. Paphos and Larnaca report steady growth, with Famagusta maintaining stability.
real estate market
The Trikomo property market is experiencing soaring prices due to new luxury highrise developments, an influx of international buyers seeking refuge from regional conflicts, the “Famagusta, Trikomo, and Ayios Sergios Zoning Plan” regulating development, and historical complexities potentially reducing property supply. This surge in demand has led to apartments now selling for upwards of £200,000, marking a substantial rise from just a couple of years prior.