Cyprus is home to many major resorts that fuel this key real estate market. Limassol is a busy and pulsating resort with mature infrastructure. Flat prices here start at €100,000 while townhouses and homes cost upwards of €250,000 and villas €400,000. Paphos is not only one of the oldest and most picturesque cities in Cyprus but also a prestigious residential area too. An apartment here costs €50,000 or more. Townhouses and villas go from €80,000–100,000 and €190,000 respectively. Another promising investment destination is Polis, a budding resort with stunning sights. Construction is restricted here, so demand is outpacing supply. A villa in Polis can cost €500,000–600,000. Larnaca is an important tourist and business hub on the southern coast of Cyprus. Apartment prices here start at €70,000 and a villa might be sold for €270,000 or more. There is cheaper housing in smaller seaside villages. For instance, a three-bedroom villa in Paralimni costs approximately €140,000. Property in the Turkish Republic of Northern Cyprus is cheaper than in the Republic of Cyprus, as many buyers are reluctant to buy property in this autonomous state that not been recognised by the international community. Republic of CyprusNorthern CyprusApartments (flats)2,000–2,500600–900Detached property (houses, villas) 2,400–2,900 1,500–2,000Luxury property (mansions, estates) 4,000–6,000 —

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