The sales took place in the Limassol, Germasogeia and Agios Athanasios municipalities and were the total value of more than 14,000 transactions.

Meanwhile, property sales across Cyprus neared a whopping €30 billion in value with more than 100,000 sales taking place over the past five years.

More than €3.3 billion worth of property sales took place within the Limassol municipality, representing 7,900 transactions.

According to data provided by WiRE, the median price for a property sale in the Limassol municipality came up to €178,912, while the typical price range for a property was between €110,082 and €314,714.

In terms of sales broken down on an annual basis, 2018 saw the highest number of transactions (1781) being completed. Moreover, the majority of property sales (5485) had a price ceiling of €260,000.

Sales exceeding €1 million in value came up to 625 transactions, 422 of which ranged between €1.5 million to a massive 70.3 million in value.

In the Germasogeia municipality, property sales exceeded €2.1 billion in value, with the number of transactions reaching 4,095.

The median price in the district during this time was €341,431, roughly twice as much as the median price in the Limassol municipality.

In addition, prices for a property in Germasogeia ranged between €161,113 and €598,725, with most sales (940 transactions) taking place in 2018. Some 1786 property sales involved transactions ranging between €123,000 and €443,000, while 1187 sales involved properties costing between €443,000 and €959,000.

Sales exceeding €1 million in value in Germasogeia came up to 478 transactions, 192 of which ranged between €1.7 million and €21.8 million.

In Agios Athanasios, the total value of property sales surpassed €800 million, with 2,000 transactions taking place over the past five years. The median price for a property in the municipality was €264,296, while property prices ranged between €172,875 and €429,995.

Most sales in the municipality took place in 2019 (443 transactions), while the majority of sales (1054 transactions) ranged between €178,000 and €472,000 in price.

Seventy-three property sales exceeded €1.4 million in value, while the highest recorded property price was €17.9 million.

According to the report, the majority of property of sales across all three municipalities involved apartments, with the Limassol municipality alone seeing sales of 4,566 apartment properties totalling €1.5 billion in value, with an average price of €165,000.

In Germasogeia, 2,676 apartments were sold during this time with a total value of €1.3 billion, while the average price was €363,458.

In Agios Athanasios, 744 apartments were sold with a total value of €230 million, with an average price of €235,550.

Source: Cyprus Mail