Cyprus Real Estate: Why Invest in Cyprus?
The Cypriot Real Estate market has been thriving over the past few years with both residential and commercial property consistently increasing in value. As of March 2024, house prices have increased by 7.8% year on year which follows an increase of 8.3% for the previous quarter.
The idyllic lifestyle that Cyprus offers along with its tax incentives and business-friendly environment makes Cyprus a top destination for High Net Worth Individuals. A benefactor of this is the luxury real estate segment in Cyprus which continues to outperform the market. According to PWC an impressive 2,456 high-end properties were sold in the first quarter of 2024. In terms of rental yields, for RICs with KMPG concluded that the average rental yield for apartments for Q2 2024 was 5.43% while commercial office spaces came in higher at 5.8%.
Cyprus Permanent Residency Program
A major incentive to invest in Cyprus is of course the Cyprus Permanent Residency Program, otherwise known as the Cyprus Golden Visa. Investors who purchase property worth at least €300,000 can apply for permanent residency status in Cyprus. Investors can invest in both residential or commercial property and upon acquiring their residency permits they can move with their families to settle in Cyprus. Cyprus does not impose minimum stay requirements on the investors so the program can work as a great second residency or back up plan.
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Where to Invest in Cyprus?
Limassol: The flashy city of Limassol is a lively coastal city leading Cyprus’’ luxury real estate sector. Wealthy individuals and families are drawn to the upscale city and are well catered to through an abundance of luxury apartments, and beachfront villas, with strong appeal to international investors.
Paphos: This charming city is another great option for real estate investments. Paphos’s historic charm makes it popular with retirees and tourists alike.
Larnaca: Larnarca is strategically located in Cyprus with its airport and beautiful seafront. The city has a growing expert community and provides investors with diverse residential and commercial real estate opportunities.
Paralimni: Paralimini is an emerging coastal town near popular beaches in the country with a high potential for future capital appreciation. Investors will find a blend of modern amenities and traditional charm in the city which generally offers a quieter lifestyle.
Nicosia: The buzzing capital city cannot be neglected. The city is far more stable than it once was, is the economic hub of the country with rising demand for residential and commercial properties, offering steady investment returns.
Real Estate In Cyprus Limassol
From €1,700,000One Limassol
Luxury 2-5 Bedroom Apartments on sale at Europe's Tallest Residential TowerContact Us
Apartments from €203,000Ava Plaza
Boutique Development in Paphos with residences and shops. Contact UsReal Estate in Paphos Cyprus
Ridge Green Villas
Luxury 3-Bedroom Villas in the most exclusive neighborhood in Paphos. 5% Guaranteed Returns for 5 years.Contact Us
Ezousa Suites
Luxury two-bedroom ground, first-floor and duplex apartments with a guaranteed return of 5% per annum.Contact UsReal Estate in Cyprus Larnaca
Oroklini House
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The Cinema
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If you have any questions regarding the Cyprus real estate investments on this page or you wish to learn more about the Cyprus Permanent Residency program then please contact us via the form below.
