Can foreigners get a mortgage in Limassol?

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 Limassol?

Property maintenance costs are not very high in Limassol 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 in Limassol 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 in Limassol?

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 Limassol?

Property prices in Limassol vary for different types of housing and across locations.

What taxes are charged on property purchase, ownership, and sale in Limassol?

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.

Real estate in Limassol – Buy property in Limassol, Cyprus

Block of six modern apartments at a distance of 30 meters from the beach, Limassol, Cyprus for 1,500,000 €

Furnished

Block of six modern apartments at a distance of 30 meters from the beach, Limassol, Cyprus

1,500,000 €

Total area 165 m²

165 m², apartment

Limassol (city), Limassol, Cyprus

1,500,000 € 9,090 € per m²

Furnished villa with pool, garden and city view, Limassol, Cyprus for 2,300,000 €

With swimming pool

Furnished villa with pool, garden and city view, Limassol, Cyprus

2,300,000 €

Total area 235 m²Land area: 253 m²3 bedrooms4 bathrooms

235 m², 3 bedrooms, villa + plot 253 m²

Limassol (city), Limassol, Cyprus

2,300,000 €

Golden Visa

Two comfortable apartments in one building in the city center with a yield of 5,3%, Agios Nikolaos subway station, Athens, Greece

250,000 €

Total area: 152 m² 5 bedrooms 2 bathrooms

Modern villa with a pool and a garden with a jacuzzi, Limassol, Cyprus for 950,000 €

With swimming pool

Modern villa with a pool and a garden with a jacuzzi, Limassol, Cyprus

950,000 €

Total area 220 m²Land area: 460 m²4 bedrooms4 bathrooms

220 m², 4 bedrooms, villa + plot 460 m²

Limassol (city), Limassol, Cyprus

950,000 €

Modern villa with sea views, Limassol, Cyprus for 886,000 €

Modern villa with sea views, Limassol, Cyprus

886,000 €

Total area 204 m²3 bedrooms3 bathrooms

204 m², 3 bedrooms, villa

Limassol (city), Limassol, Cyprus

886,000 €

Furnished villa with a private pier, Limassol, Cyprus for 2,200,000 €

Furnished villa with a private pier, Limassol, Cyprus

2,200,000 €

Total area 180 m²Land area: 200 m²3 bedrooms3 bathrooms

180 m², 3 bedrooms, villa + plot 200 m²

Limassol (city), Limassol, Cyprus

2,200,000 €

Furnished apartment with a terrace in a residential complex with a swimming pool and a parking, Germasogeia, Cyprus for 560,000 €

Furnished

Furnished apartment with a terrace in a residential complex with a swimming pool and a parking, Germasogeia, Cyprus

560,000 €

Total area 117 m²3 bedrooms

117 m², 3 bedrooms, apartment

Germasogeia, Limassol (city), Limassol, Cyprus

560,000 € 4,786 € per m²

Comfortable townhouse with parking in a residential complex with pools, Limassol, Cyprus for 380,000 €

Comfortable townhouse with parking in a residential complex with pools, Limassol, Cyprus

380,000 €

Total area 105 m²2 bedrooms2 bathrooms

105 m², 2 bedrooms, terraced house

Limassol (city), Limassol, Cyprus

380,000 €

Citizenship through investment. Apartment complex in the area of Limassol, 300 meters from the sea, Cyprus for 345,000 €

With swimming pool

Citizenship through investment. Apartment complex in the area of Limassol, 300 meters from the sea, Cyprus

345,000 €

Total area 50 m²1 bedroom1 bathroom

50 m², 1 bedroom, apartment

Germasogeia, Limassol (city), Limassol, Cyprus

345,000 € 6,900 € per m²

Comfortable house with a pool, parking and a covered veranda, Limassol, Cyprus for 885,000 €

With swimming pool

Comfortable house with a pool, parking and a covered veranda, Limassol, Cyprus

885,000 €

Total area 377 m²Land area: 604 m²4 bedrooms4 bathrooms

377 m², 4 bedrooms, villa + plot 604 m²

Limassol (city), Limassol, Cyprus

885,000 €

Partially furnished penthouse with mountain views, Limassol, Cyprus for 360,000 €

Partially furnished penthouse with mountain views, Limassol, Cyprus

360,000 €

Total area 147 m²2 bedrooms2 bathrooms

147 m², 2 bedrooms, penthouse

Limassol (city), Limassol, Cyprus

360,000 € 2,448 € per m²

Bright apartment in a residence with parking, in a quiet area, Limassol, Cyprus for 260,000 €

Bright apartment in a residence with parking, in a quiet area, Limassol, Cyprus

260,000 €

Total area 113 m²2 bedrooms2 bathrooms

113 m², 2 bedrooms, apartment

Limassol (city), Limassol, Cyprus

3 floor of 4

260,000 € 2,300 € per m²

Two-bedroom new apartment with a sea view, Agios Athanasios, Limassol, Cyprus for 475,000 €

Sea view

Two-bedroom new apartment with a sea view, Agios Athanasios, Limassol, Cyprus

475,000 €

Total area 122 m²2 bedrooms2 bathrooms

122 m², 2 bedrooms, new home

Limassol (city), Limassol, Cyprus

2 floor of 3

475,000 € 3,893 € per m²

Spacious villa with a pool, a garden and a jacuzzi, in a prestigious area, Limassol, Cyprus for 1,550,000 €

With swimming pool

Spacious villa with a pool, a garden and a jacuzzi, in a prestigious area, Limassol, Cyprus

1,550,000 €

Total area 440 m²Land area: 2,000 m²4 bedrooms

440 m², 4 bedrooms, villa + plot 2,000 m²

Limassol (city), Limassol, Cyprus

1,550,000 €

Modern apartment with a veranda, Limassol, Cyprus for 505,000 €

With balcony/terrace

Modern apartment with a veranda, Limassol, Cyprus

505,000 €

3 bedrooms2 bathrooms

3 bedrooms, apartment

Limassol (city), Limassol, Cyprus

505,000 €

Cozy apartment in a residence with pools and a tennis court, Limassol, Cyprus for 350,000 €

Furnished

Cozy apartment in a residence with pools and a tennis court, Limassol, Cyprus

350,000 €

Total area 67 m²1 bedroom1 bathroom

67 m², 1 bedroom, apartment

Limassol (city), Limassol, Cyprus

350,000 € 5,223 € per m²

Spacious villa with a pool and sea views, Mouttagiaka, Limassol, Cyprus for 848,000 €

With swimming pool

Spacious villa with a pool and sea views, Mouttagiaka, Limassol, Cyprus

848,000 €

Total area 225 m²Land area: 395 m²3 bedrooms

225 m², 3 bedrooms, villa + plot 395 m²

Mouttagiaka, Limassol, Cyprus

848,000 €

Renovated apartment with terrace and garden, Limassol, Cyprus for 250,000 €

Furnished

Renovated apartment with terrace and garden, Limassol, Cyprus

250,000 €

Total area 88 m²2 bedrooms1 bathroom

88 m², 2 bedrooms, apartment

Limassol (city), Limassol, Cyprus

250,000 € 2,840 € per m²

Spacious villa with a pool and a garage, in a prestigious area, Limassol, Cyprus for 1,300,000 €

With swimming pool

Spacious villa with a pool and a garage, in a prestigious area, Limassol, Cyprus

1,300,000 €

Total area 320 m²Land area: 1,006 m²4 bedrooms4 bathrooms

320 m², 4 bedrooms, villa + plot 1,006 m²

Limassol (city), Limassol, Cyprus

1,300,000 €

Sea view

Apartment with a terrace and a sea view in a residential complex with a garden, a swimming pool and a parking, Germasogeia, Cyprus

550,000 €

Total area 46 m²1 bedroom

46 m², 1 bedroom, apartment

Germasogeia, Limassol (city), Limassol, Cyprus

550,000 € 11,956 € per m²

Comfortable villa with a pool, a garden and a garage, Limassol, Cyprus for 1,990,000 €

With swimming pool

Comfortable villa with a pool, a garden and a garage, Limassol, Cyprus

1,990,000 €

Total area 312 m²Land area: 1,102 m²5 bedrooms5 bathrooms

312 m², 5 bedrooms, villa + plot 1,102 m²

Limassol (city), Limassol, Cyprus

1,990,000 €

New two-level penthouse, Agios Athanasios, Limassol, Cyprus for 1,300,000 €

Sea view

New two-level penthouse, Agios Athanasios, Limassol, Cyprus

1,300,000 €

Total area 218 m²3 bedrooms2 bathrooms

218 m², 3 bedrooms, new home

Limassol (city), Limassol, Cyprus

3 floor of 3

1,300,000 € 5,963 € per m²

Spacious three-bedroom apartment in a small apartment complex under construction with a covered parking in the city center, Limassol, Cyprus for 600,000 €

Spacious three-bedroom apartment in a small apartment complex under construction with a covered parking in the city center, Limassol, Cyprus

600,000 €

Total area 172 m²3 bedrooms

172 m², 3 bedrooms, new home

Limassol (city), Limassol, Cyprus

3 floor of 4

600,000 € 3,488 € per m²

Modern villa with a parking, a terrace and a sea view, Limassol, Cyprus for 540,000 €

Modern villa with a parking, a terrace and a sea view, Limassol, Cyprus

540,000 €

Total area 181 m²Land area: 405 m²3 bedrooms

181 m², 3 bedrooms, villa + plot 405 m²

Limassol (city), Limassol, Cyprus

540,000 €

Luxury apartment with a sea view in the residential complex under construction for 703,000 €

Sea view

Luxury apartment with a sea view in the residential complex under construction

703,000 €

Total area 112 m²1 bedroom1 bathroom

112 m², 1 bedroom, new home

Germasogeia, Limassol (city), Limassol, Cyprus

4 floor of 27

703,000 € 6,276 € per m²

Apartment with a veranda in a residential complex with a swimming pool, on the first line from the sea, Yermasogia, Cyprus for 950,000 €

Sea view

Apartment with a veranda in a residential complex with a swimming pool, on the first line from the sea, Yermasogia, Cyprus

950,000 €

Total area 120 m²2 bedrooms1 bathroom

120 m², 2 bedrooms, apartment

Germasogeia, Limassol (city), Limassol, Cyprus

950,000 € 7,916 € per m²

Property for sale in Limassol

Discounted properties upon request

FAQ about Limassol