Foreign property buyers in Cyprus: shares of EU residents and non-EU nationals

In September 2023, the number of non-EU nationals among property buyers in Cyprus totalled 224. This figure is 44% higher than in September 2022.

One transaction of EU residents accounts for 1.4 transactions of non-EU citizens. The proportion has been maintained for the third consecutive month.

In 2022, the share of EU buyers was much higher: in September, EU residents accounted for 66% of all property buyers in Cyprus. The figure is currently 50% less than a year earlier.

Cyprus real estate 6,834 listings on Tranio

From 1,750,000 €

Gated residence at 100 meters from the sea, Chloraka, Cyprus

Total of 5 apartments

From 2,080,000 €

New villa with a swimming pool and a panoramic view, Armou, Cyprus

1 unit in total

From 1,200,000 €

Complex of luxury villas near the sea, Paphos, Cyprus

10 units in total

From 242,000 €

New gated residence with a swimming pool in a prestigious area, Limassol, Cyprus

Completion in: 2026.I Total of 144 apartments

From 484,000 €

New complex of villas and apartments with an underground parking close to the center of Limassol, Agios Athanasios, Cyprus

Completion in: 2024.IV Total of 14 apartments

From 260,000 €

Residential complex with a swimming pool, gardens and panoramic views, Limassol, Cyprus

81 units in total

From 353,000 €

Gated residence with a swimming pool and gardens close to the beach and the city center, Limassol, Cyprus

Total of 68 apartments

From 425,000 €

Modern residence close to the center of Limassol, Cyprus

Total of 10 apartments

According to the Department of Lands and Surveys, 39% of non-EU residents choose property in Paphos. Larnaca and Limassol follow it as popular destinations (22% and 20%, respectively). Besides, non-EU residents prefer property in Nicosia and Famagusta (11% and 8%, respectively).

Author: Maksim Skorykh