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Property for sale in Cyprus

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Limassol
2,373 listings
Larnaca
833 listings
Paphos
1,765 listings
Ayia Napa
117 listings
Famagusta
579 listings
All Cyprus
5,628 listings
Houses for sale in Paphos
4 listings of 1134Show all
1,134 listingsShow all
Apartments for sale in Limassol
4 listings of 1345Show all
1,345 listingsShow all
Property selection in Cyprus for citizenship
4 listings of 597Show all
597 listingsShow all

FAQ about Cyprus

Can foreigners get a mortgage in Cyprus?
Mortgages in Cyprus may be obtained to fund the purchase of an off-plan or existing property, or to finance improvements. A mortgage is typically obtained on a property with a title. With a 50% downpayment, an applicant is most likely to qualify for a mortgage to purchase a property priced between €150,000 and €1,000,000. Mortgage rates vary, starting from 3.7 %. When a property is under construction, the mortgage borrower is granted an installment plan.
How much do utilities cost in Cyprus?
Property maintenance costs are not very high in Cyprus compared to the rest of Europe. Total housing costs incurred by apartment owners are approximately €1,700 per year. The total housing expense for owners of villas with private pools is about €2,900 per year.
Can buying a property also get a residence permit in Cyprus?
Migration to Cyprus is very popular among foreigners as a permanent residence permit may be acquired with the purchase of a property worth about €300,000. An investment of €2,000,000 allows a person to get Cyprus citizenship.
How to get citizenship in Cyprus by buying a property?
Investment of about €2,000,000 into real estate, government bonds, or local business, and an additional donation of €150,000 to a government fund allows people to qualify for Cyprus citizenship by investment.
What is the process of buying a property in Cyprus?
It takes about 2 months to register property ownership in Cyprus. Tranio recommends that you comprehensively review all the details of a property purchase in order to avoid any problems at closing and upon registration.
What are the residential prices in Cyprus?
Property prices in Cyprus vary across regions and for different types of housing.
What taxes are charged on property purchase, ownership, and sale in Cyprus?
Property transfer fees range from 3 % to 8 % depending on the property value. The immovable property tax was cancelled in 2017. Now homeowners in Cyprus pay an annual municipality tax of €55–185 per year. Get more insights into Cyprus taxes in our article.
Can foreign citizens lease residential property in Cyprus, and what is the return on investment for a rental property?
Yes, they can. According to RICS, average rental yields of apartments in Cyprus are 3.9 % and a house lease earns 2.0 %, which is almost in line with returns generated by similar properties in the rest of Europe.

Need to know in Cyprus

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Property in Cyprus. Cyprus real estate prices

For many people dream, it is a dream to buy property in Cyprus with its unique Mediterranean climate, affordable prices, cultural heritage and mature tourist industry. This country is safe and people who buy homes there can get citizenship under certain conditions, making property for sale in Cyprus attractive to many foreign citizens.

The island is divided into two distinct states: the Republic of Cyprus that owns 60% of the territory inhabited mostly by Greek-Cypriots and the Turkish Republic of Northern Cyprus (the TRNC) which is not recognised by the international community. Real estate in Cyprus is cheaper in the TRNC than in the Republic.

Prices for property in Cyprus are €1,450–1,700/sq. m. on average and resort property in Kyrenia, Larnaca, Limassol, Paralimni, Paphos, Polis and Famagsta is the most sought-after. Here, an apartment sells for at least €50,000 and house prices start at €100,000.

Real estate prices in Cyprus have been going down 2–9% every year since 2009 and took a nosedive at the beginning of 2014 when they dropped 8.7%, the most dramatic fall in Europe after Croatia’s market. However, demand for real estate in Cyprus is once again on the rise with more and more foreign buyers investing in property.

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Anna Boyarchukova
Anna Boyarchukova
Real Estate Expert Tranio in Cyprus
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