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Cyprus EmeraldGlobal Properties has collected over 14478 ads at up-to-date prices for properties for sale in Cyprus. The website offers accommodation from sought-after developers and real estate agencies. Discover the property you like—you will be able to get acquainted with its location, number of bedrooms, area and additional amenities in the description. Leave your contacts on the website or turn to a specialist in personal who will assist you in picking up the right property in Cyprus to meet your requirements.
Property prices in Cyprus can vary significantly depending on a variety of factors, including location, type of housing unit, its area and condition. Overall, housing in large cities and on the coast is more expensive than in more remote areas. The average cost of property in Cyprus is €1,725 per m². The lowest price of housing is €197000. The most expensive residential unit is a home in Limassol with a total value of €22.42 million.
There is a wide range of properties in the country ranging from cosy studios to spacious villas. The minimum size of real estate for sale in Cyprus is 52 m². The largest area reaches 13,340 m2.
To issue a residence permit, an investor must buy property in Cyprus worth from €300,000 + VAT. It must belong to the category of primary housing. It is also acceptable to purchase commercial space.
The island’s following regions have become especially attractive:
- Limassol for its developed infrastructure and a wide selection of luxury properties in Cyprus by the sea;
- Paphos attracting with its historical sights and peaceful atmosphere;
- Larnaca known for its temples, promenade and proximity to the international airport;
- Ayia Napa popular with young people and outdoor enthusiasts for its beaches, nightclubs and bars.
There are luxury villas on the coast, modern apartments in residential complexes with developed infrastructure, city houses and townhouses. The mansions offer spacious living areas, private pools and gardens. The apartments are located in buildings with communal pools, gyms and security.
This is a sought-after place for investors. There are several significant reasons to purchase real estate in Cyprus:
- A stable housing market;
- A flexible tax system;
- The opportunity to rent out an overseas property;
- A long tourist season;
- An advanced developed infrastructure;
- A warm climate, lots of beaches and sights of interest;
- Various resorts on the Mediterranean Sea.
Buying real estate in Cyprus is suitable to be rented out, as the Republic appeals to tourists and professionals who come here for permanent residence. The initial monthly rental price is €650, and the return on investment varies from 6% to 8.5% per annum. Owners can stay in their homes for 2–4 weeks during the holidays.
Property for sale in Cyprus
The country is considered one of the most attractive destinations to acquire an overseas property in the Mediterranean, as it offers a high quality of life, warm climate and the opportunity to obtain a residence permit. The real estate market provides customers with a rich choice of properties in different price ranges, including:
- Apartments ranging from compact studios to spacious penthouses overlooking the coast. They are extremely popular in large cities and resort areas;
- Villas in Cyprus with different layouts and areas, from cosy houses to luxurious mansions with pools, terraces and gardens. Such houses are common in coastal locations, but they are located in the city as well;
- Townhouses, an ideal choice for those looking for a property for sale in Cyprus, which has both the advantages of flats and detached houses with high-end amenities: swimming pools, parking lots and recreational areas.
Local residential properties can be purchased at the construction stage, including Marco Polo, Dream Tower, YOO Limassol, City 9 Residence, Aster Gardens in Paphos, Q Park View, Wave Tower in Larnaca and many others. If you are considering off-plan villas, you can choose Majestic Villas, Geranium Villas, Jasmine Gardens, Azalea Villas and Carob Homes.
Housing prices depend on the location, for example, the most luxurious complexes are located in Limassol, Nicosia, Paphos and Larnaca. These cities offer properties for investors and buyers looking for both seaview houses and cosy apartments in Cyprus combining amenities and well-developed infrastructure. You can find more affordable housing options in Famagusta located in the east of the island, especially in areas far from popular tourist destinations.
Reasons for investing in property in Cyprus
The Republic is a popular location for foreign investors influenced by economic growth, moderate inflation, the law on a reduced VAT rate for the first transaction and a variety of housing in the primary and secondary markets.
According to the local Land Registry, over 15,500 deals were registered at the end of 2023, which is 16% more than in 2022. More than 3,800 contracts were signed in the luxury real estate market—an increase of 3.7% over the year. Meanwhile, foreign national concluded 44.3% of the transactions.
Overseas investors can acquire properties in Cyprus for investment and permanent residence on the island. The tourist flow is stable, and specialists who have found jobs in local companies, students, digital nomads, and start-up founders are moving to the country.
The price of housing depends on the size and year of construction, amenities in the complex, proximity to beaches and developed infrastructure. The average return on investment ranges from 6 to 8.5% per annum.
Purchasing investment real estate in Cyprus will be a profitable option for businessmen who want to make money on resale. If you are considering off-plan projects, they will rise in price by an average of 10–30% when the complex is put into operation.
Buying property in Cyprus
Global Properties offers a wide range of housing providing relevant ads from reliable developers and sought-after real estate agencies at competitive prices. The aggregator has its own converter, which allows you to easily convert the cost into euros, dollars and other currencies. If you are interested in investing in a property in Cyprus, go to the catalogue and use the search queries. Fill out the form on the website so that the broker can help you choose an overseas property that will fit your budget and preferences.