Properties for Sale in Cyprus: The Ultimate Guide for Property Buyers

Table of contents

1. Introduction

2. Why invest in real estate in Cyprus?

3. The Cyprus Real Estate Market in 2025

4. Popular regions for property buyers

   • 4.1. Paphos

   • 4.2. Limassol

   • 4.3. Nicosia

   • 4.4. Larnaca

   • 4.5. Ayia Napa and Protaras

5. Types of homes for sale

   • 5.1. Apartments

   • 5.2. Villas and luxury homes

   • 5.3. New construction vs. existing construction

6. Legal aspects of buying in Cyprus

   • 6.1. Property rights

   • 6.2. Buying as an EU citizen vs non-EU citizen

   • 6.3. Notary fees and taxes

7. Step-by-step plan: buying a home in Cyprus

8. Comparison with real estate in Spain and Greece

9. Tax benefits and quality of life

10. Real estate as an investment: rental income and returns

11. Frequently Asked Questions (FAQ)

12. Conclusion

1. Introduction

Cyprus has been a popular destination for people looking to invest in property in the sun for many years. With its Mediterranean climate, beautiful coastlines, favourable tax climate and relatively low property prices, the island offers an attractive combination of quality of life and financial return. In this guide, you will discover everything you need to know about buying a property in Cyprus in 2025.

2. Why invest in real estate in Cyprus?

• Strategic location between Europe, Asia and the Middle East

• Member of the EU since 2004 with a reliable legal system

• Low tax rate for both companies and individuals

• Safe living environment and attractive for families and retirees

• Attractive climate with more than 320 sunny days per year

3. The Cyprus Real Estate Market in 2025

Property prices in Cyprus will remain relatively stable in 2025, with slight increases in coastal regions such as Paphos and Limassol. Thanks to fiscal incentives and increased demand from Europe, Cyprus will remain attractive to foreign buyers. The average price of an apartment in a popular region is between €120,000 and €300,000, while luxury villas start at €400,000.

4. Popular regions for property buyers

4.1. Paphos

• Historical heritage and UNESCO sites

• Many expats and a lively real estate market

4.2. Limassol

• Business centre with international allure

• Luxury apartments and beach villas

4.3. Nicosia

• Capital with political and economic significance

• More focused on local market and long-term rental

4.4. Larnaca

• Conveniently located near the international airport

• More affordable options for families and retirees

4.5. Ayia Napa and Protaras

• Tourist area with high rental income

• Ideal for holiday rental investors

5. Types of homes for sale

5.1. Apartments

• Suitable for starters or holiday rentals

• Prices from around €100,000

5.2. Villas and luxury homes

• Often with sea view, private pool and large plots

• Ideal for permanent residence or luxury rental

5.3. New construction vs. existing construction

• New construction offers modern facilities and guarantees

• Existing homes may be more competitively priced but may require renovation

6. Legal aspects of buying in Cyprus

6.1. Property rights

• Full ownership is allowed for EU citizens

• For non-EU citizens there is a limit on the number and type of properties

6.2. Buying as an EU citizen vs non-EU citizen

• EU citizens enjoy full rights without restrictions

• Non-EU citizens must seek approval from the Council of Ministers

6.3. Notary fees and taxes

• Transfer tax: 3% - 8% depending on the value

• VAT for new construction: 5% (first home) or 19%

• Annual property tax has been abolished since 2017

7. Step-by-step plan: buying a home in Cyprus

1. Determine the type of home and budget

2. Choose a reliable broker and lawyer

3. Reserve the property (deposit)

4. Legal check and drafting of purchase contract

5. Signing and registration at the land registry

6. Transfer and payment

8. Comparison with real estate in Spain and Greece

9. Tax benefits and quality of life

• Residency Program for investors (fast track)

• Double taxation treaties with many EU countries

• Low inheritance tax and no wealth tax

• Excellent healthcare, schools and infrastructure

10. Real estate as an investment: rental income and returns

• Strong demand for holiday rentals in tourist areas

• Average gross yield: 5% - 7%

• Annual long-term value increase possible

• Low operating costs compared to other EU countries

11. Frequently Asked Questions (FAQ)

Q: Can I own land in Cyprus as a foreigner?
A: Yes, EU citizens can buy without restrictions. Non-EU citizens have restrictions.

Q: Is it wise to hire a lawyer?
A: Absolutely. Cyprus has its own legal system and local procedures.

Q: How do I finance a property in Cyprus?
A: Through a local bank or through equity. Mortgages are available, with stricter requirements for foreigners.

12. Conclusion

Buying property in Cyprus offers an excellent balance between quality of life, tax benefits and investment. Whether you are looking for a holiday home, permanent residence or an investment with good returns: Cyprus is a market worth exploring. Make sure you are well prepared, have legal support and a reliable real estate agent – and your dream home on this sunny island is within reach.