Cyprus property market trends and reality

For more than ten years in a row, Cyprus has been one of the most interesting places in terms of financial attractiveness.

For more than ten years in a row, Cyprus has been one of the most interesting places in terms of financial attractiveness. Besides, it is an attractive country for study, work and permanent residence. This small island state is a member of the European Union, a member of the Eurozone, the WTO, is a member of the World Bank and has one of the most democratic tax systems.

For example, just over a year ago, Cyprus completely abolished the real estate tax, the so-called Immovable Property Tax. Also, home buyers were exempted from property transfer tax or Property Transfer Fees if they purchase real estate with VAT. For those who buy real estate without VAT, the Cypriot authorities have retained a 50% discount when paying this tax. Thus, of the mandatory taxes, only real estate tax has been preserved, which is paid at the place of registration of the object, and is calculated based on 1980 prices. VAT in Cyprus for those who buy property for personal use (residence) is 5% of the cost of housing.

The highest ranked investors and businessmen had the opportunity to take a closer look at the Cyprus property market. At the moment, this country is one of the most promising areas for investment. The real estate market here is one of the most stable in Europe, even during the crisis years. This is facilitated in particular by the specificity of any island property. When building space is limited, demand exceeds supply. This affects the stability of prices during a crisis, their stable growth in normal times. It is believed that Cypriot real estate attracts conservative investors who rely on the reliability of investments, and not on the level of profitability. At the moment, the average return on investment in residential property on the island is 5-8% per annum, and in commercial property - 5-7%. Those who buy real estate for subsequent lease can expect an average of 3-5% per annum. Undoubtedly, the greatest interest among real estate buyers who want to receive income from it is chained to the residential sector. The tourism industry is one of the most important in Cyprus, every year many guests from all over the world come here and they ensure a constant demand for housing. The most demanded housing in this regard is located in Paphos, where there are villas, bungalows and townhouses. And in Limassol, a kind of symbiosis has been achieved between commercial properties and residential real estate, which is represented by high-quality apartments.

The cost of real estate in Cyprus is one of the most democratic in Europe. In Limassol, a square meter of luxury housing costs about 6,000 euros, while in Paphos it is almost half the price. Therefore, the choice is yours!

APL Alexander Real Estate Ltd

Are you interested in an object from our site?

We will provide a full list of services for its purchase

Manager consultant

Ekaterina Ivanova

Check out
with our Cyprus property catalog

For leisure life and investment

For long and short term rent

View catalog

More 800 objects

Private 5 bedroom luxury villa,

Cyprus, Limassol

€ 2 300 000

  • Square 850м2
  • 5 bedrooms
2 bedroom apartment 300 m from the sea

Cyprus, Limassol

€ 290 000

  • Square 78м2
  • 2 bedrooms
4 bedroom spacious villa for sale

Cyprus, Limassol

€ 1 550 000

  • Square 300м2
  • 4 bedrooms
Luxury 5 bedroom villa close to the sea

Cyprus, Limassol

Price on request

  • Square 601м2
  • 5 bedrooms