Apartments in Cyprus – housing in a heavenly place and a profitable financial investment. Buying an apartment or flat in Cyprus means becoming the owner of liquid real estate in a warm southern country with picturesque nature, a comfortable climate and an attractive tax system.
You can vacation or rent out on the island and earn high passive income from anywhere in the world. Or move to the island forever and enjoy all the delights of life on the Mediterranean coast.
We will help you to buy property in Cyprus at a profit. In our catalog you will find apartments in Limassol, Larnaca, Nicosia, Paphos, Ayia Napa and Protaras. Both budget and premium options are presented with different distances from the sea. We will select a suitable option, help in legalizing the transaction and solving other issues that may arise during the purchase.
Reasons to buy an apartment in Cyprus
The Republic of Cyprus is one of the most sought-after tourist destinations in Europe. Buying an apartment in Cyprus is a great opportunity to invest money and get your own home on the shores of the Mediterranean Sea. Ancient history and culture, warm maritime climate, clean beaches, fresh vegetables and fruits, delicious wine, more than 300 sunny days a year – these are the very reasons thanks to which the island has earned the title of one of the most comfortable islands for living and vacationing.
Other benefits of buying property in Cyprus:
- The economic situation on the island is more than favorable. Of course, the pandemic has slowed down the development of the region, but its economic situation is quickly recovering. Therefore, it is very profitable to invest in housing in Cyprus.
- You will be able to use your home in a variety of ways. Buying a property can be the first step towards moving to the island. You can also come here on vacation or rent out real estate profitably (with a yield of 4%). Tourist traffic on the island is always high, as is the demand for housing.
- High liquidity of housing in Cyprus. During the pandemic, the cost of residential properties on the island decreased, but now the market is rapidly recovering, so properties will rise in price every year. If you buy property now, you can sell it profitably later.
In addition, by purchasing an apartment in Cyprus, you can obtain a residence permit. When purchasing objects in the amount of 300,000 € or more, you get the right to issue a residence permit within 2-3 months. And then, after 7 years of residence on the island, apply for Cypriot citizenship.
Apartments in Cyprus
Apartments and flats in Cyprus are one and the same type of housing. The only difference is in the use of words in conversation. In English the word apartments are used, in Russian they say “apartments”, respectively. In everyday life in Cyprus it is very rare to hear the words “flat” and “apartment”.
We will help you find the right apartment for you. Our catalog contains many offers of apartments in Cyprus.
Apartments in Cyprus: prices
The location of the object has a significant impact on price formation. The most expensive real estate in Limassol. It is the tourist center of the country with an actively developing business sector and an abundance of attractions. Housing here is sold from 1200-1300 € per m². That is, a two-room apartment with a terrace and parking will cost 170,000 – 230,000 €.
You can buy cheap apartments in Cyprus in the vicinity of Paphos. There is an airport not far from the city, it is convenient to get here from other countries. Paphos is located on a picturesque coastline that attracts tourists. It is worth buying an object here for seasonal rental. Accommodation in Paphos can be bought for 1000 € per m². A furnished two-room apartment with a terrace will cost you 100,000 €.
Prices are even more favorable in Larnaca- about 20% lower than in Limassol. In this tranquil coastal town, it is worth buying a property for your own residence.
The following factors also affect the price:
The proximity or remoteness of the property from the beach.
The presence of infrastructure nearby.
The presence of a closed area and its improvement.
Year of construction and materials used.
Floor and view from the window.
Mainly, premium and economy class apartments are bought on the island. They are sold at a bargain price and have everything you need for a comfortable stay. There is a slight decline in demand on the elite real estate market, and sellers are willingly giving in, reducing prices. Therefore, now such housing can be bought more profitably than, for example, a year or two ago. The cancellation of the Cyprus passport investment program in 2020 has also affected the decline in prices for luxury real estate in Cyprus.
How to quickly and conveniently buy an apartment or flat in Cyprus
The sale of apartments in Cyprus is the main specialization of the Estate of Cyprus real estate agency. We work in the real estate market professionally and provide a full range of services:
full legal support of transactions;
objects only from the best and trusted developers;
objects in different price ranges;
organization of previews;
If you are planning to buy an apartment in Cyprus, Estate of Cyprus real estate agency will help you do it quickly and without unnecessary hassle. We work with real estate objects in all cities of the island: from Nicosia, located in the center, to Limassol in the south, as well as in Paphos, Protaras, Ayia Napa and Larnaca.