FOR HOW MUCH OF REAL ESTATE WAS SOLD IN LIMASSOL IN THE SECOND QUARTER OF 2023?
Real estate in Limassol continues to attract a lot of interest. The beach city's overall sales in the second quarter of 2023 exceeded half a billion euros. Buyers are looking for apartments between 100 and 500 thousand euros and homes between 300 and 500 thousand euros.Ask Wire has examined the results of the second quarter sales of homes, flats, and land plots in Limassol. She claims that 1,383 real estate items in total of 437.9 million euros were sold in Limassol between April and June 2023. 499 flats, 271 homes, and 613 land parcels have had new owners.
In Limassol, contracts for the acquisition of 499 flats totaling 197.2 million euros were signed during the second quarter. This represents 26.6% of all units sold in Cyprus. Eight out of ten flats sold in the city have a price tag between 100,000 and 500,000. among them:
29.9% of properties cost between $100,000 and $200,000.27,9% — €200,000 - €300,00024,4% — €300,000 - €500,00029 apartments in Limassol were sold for more than one million euros apiece. For 10.3 million euros, the priciest residence was sold.
In Limassol, 271 homes totaling 115.8 million euros were sold between April and June 2023. Sales of homes in Limassol made up 26.9% of all homes sold in Cyprus during the second quarter, and their total worth was 35.8%.
Buyers were frequently drawn to properties valued between 300 and 500 thousand euros. 78 houses in this price bracket were sold in the second quarter. This represents slightly more than 25% of all homes sold in the city. 15 homes were purchased by buyers at an average price of over $1 million. The costliest of the residences that were bought was 10 million euros.Plots
The selling of property plots on which homes, flats, offices, and commercial structures will be built in the future is evidence that Limassol has promise. 613 land parcels totaling 124.85 million euros were sold in the second half of this year.
430 agreements totaling 75.5 million euros were made from April to June 2023 for the acquisition of property plots for which a building permit has not yet been obtained. Also sold at this time were 183 plots valued at 49.35 million euros, for which landowners' titles and building licenses have already been obtained.