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.

New Residential Projects in Cyprus: Special Offers by Tranio

20% discount!

Apartments in a new gated community next to a golf course, Limassol, Cyprus

From 205,000 €

Completion in: 2027.IITotal of 105 apartments

Residential complexSecondary housing only

Experts' choice

New complex of villas on the first sea line, Paphos, Cyprus

From 800,000 €

Built in 202567 units in total

Residential complexWe organise online viewings on request

2 weeks ago

Sea view

Residential complex with gardens and panoramic views, Limassol

From 320,000 €

Swimming pool Gym Video surveillance Close to the sea

Residential complex

Experts' choice

New low-rise residence with two swimming pools and a spa area 500 meters from the sea, Paphos, Cyprus

From 320,000 €

Completion in: 2028.IVTotal of 88 apartments

Residential complex

3 months ago

Experts' choice

Residence with swimming pools at 700 meters from the sea, Limassol, Cyprus

From 400,000 €

Total of 150 apartments

Residential complex

Experts' choice

Modern residence with a swimming pool in a picturesque area, Limassol, Cyprus

From 415,000 €

Built in 2026Total of 43 apartments

Residential complexSecondary housing only

Ekaterina Abramchik

Эксперт Tranio по зарубежной недвижимости

Cyprus permanent residence via property investment from €300,000

Residence for the whole family, tax benefits, and a Cypriot passport after 7 years

Request terms and properties

Similar facilities nearby

Apartments in a new gated community next to a golf course, Limassol, Cyprus

From 205,000 €

20% discount!

Completion in: 2027.IITotal of 105 apartments

New complex of villas on the first sea line, Paphos, Cyprus

From 800,000 €

Experts' choice

Built in 202567 units in total

New low-rise residence with two swimming pools and a spa area 500 meters from the sea, Paphos, Cyprus

From 320,000 €

Experts' choice

Completion in: 2028.IVTotal of 88 apartments

Residence with swimming pools at 700 meters from the sea, Limassol, Cyprus

From 400,000 €

Experts' choice

Total of 150 apartments

Modern residence with a swimming pool in a picturesque area, Limassol, Cyprus

From 415,000 €

Experts' choice

Built in 2026Total of 43 apartments

Location	Median cost of the object	Average price per m²
Cyprus	429,000 €	5,054 €
Limassol	472,000 €	5,915 €
Paphos	518,880 €	4,707 €
Larnaca	300,000 €	3,907 €
Ayia Napa	535,000 €	7,182 €
Famagusta	479,000 €	5,353 €
Nicosia	228,253 €	2,869 €

Location

Median cost of the object

Average price per m²

Cyprus

429,000 €

5,054 €

Limassol

472,000 €

5,915 €

Paphos

518,880 €

4,707 €

Larnaca

300,000 €

3,907 €

Ayia Napa

535,000 €

7,182 €

Famagusta

479,000 €

5,353 €

Nicosia

228,253 €

2,869 €

Tranio’s client cases

All cases

28 February 2025
The Master Key: How a Tranio Client Optimised Taxes Through Real Estate Investment in Cyprus
Cyprus is one of the most sought-after destinations for tax optimisation, offering a transparent legal framework, full EU membership, and attractive conditions for foreign investors.
27 October 2023
From renting to permanent residence: a Tranio client's story of buying an apartment in Cyprus
Andrey, an entrepreneur from Moscow, enlisted the Tranio team's help to find an apartment for long-term rental in Cyprus. However, his aspirations evolved into purchasing an apartment for permanent residence for his entire...
18 March 2026
Turnkey EU Residence Permit: How a Family Bought an Apartment in Tranio’s Filosofia Project and Received a Greek...
In 2025, a family came to us: a married couple and their adult son. Their goal was to obtain a European residence permit. Initially, they were choosing between Cyprus and Greece. Ultimately, the Greek Golden Visa programme...
29 July 2025
From Old Office to Modern Apartment: Securing Property and a Greek Residence Permit in Five Months under the...
Once again, a Tranio client has chosen Greece Golden Visa programme as the most affordable European residency option through real estate investment. The programme was revised in 2024. Now, the most accessible route is through...
14 July 2025
London as a Second Home: Three Families Buy Apartments for Their Student Children
In recent months, we have received three similar requests to source property in London. This article features real client stories and a look at how property is purchased in the UK capital with Tranio.
06 May 2025
The Art of Renovation in Northern Athens and One-Stop-Shop Service of Tranio Hellas: Why Investor Bought Apartment...
Tranio has been operating in the Greek property market since 2010, selecting homes for clients from trusted partners across different regions — both in cities and in coastal resort locations.
28 February 2025
The Final Lap: Returns Secured by Investors in The Community, Motor City
In October 2022, Tranio proudly unveiled a co-investment opportunity in The Community, a residential development in Motor City. This exclusive proposition invited discerning partners and clients to engage at the project’s...
21 February 2025
Exploring Oman's Office Real Estate Market: A Client's Perspective
Economic diversification has long been a priority for Gulf nations, with each country adopting its own strategy. The UAE leverages soft power and flexibility, Saudi Arabia pursues an aggressive approach with ambitious megaprojects...
13 May 2024
Tranio client's experience: apartment on the French Riviera and obtaining a residence permit for financially...
France is a country known for its quality of life, economic strength, progressive social welfare, developed infrastructure, high environmental standards and care for historical heritage. A residence permit in France allows...
25 April 2024
Tranio case: buying an apartment in Madrid and obtaining Spain Golden Visa
Today Spain is one of the most popular EU countries for obtaining a residency by investments. To participate in the Spain Golden Visa programme, an investor must invest more than 500 thousand euros in the state economy or...

Special property offers in Cyprus