Real Estate Purchase Specifics for Investors in Cyprus: Key Insights and Opportunities

Investing in real estate has long been recognized as one of the most reliable ways to preserve and grow wealth.

Cyprus, one of the most promising property markets in the European Union, presents unique opportunities for investors seeking to capitalize on real estate assets.

The current dynamics of the Cyprus real estate market demonstrate unprecedented growth.

From January to November 2022, 12,074 properties were sold, 33% more than in the same period in 2021 – highest level in the last 15 years.

And, 43% of transactions were foreign investors – underscoring the international community’s confidence in the stability and attractiveness of the Cypriot real estate market.

According to the latest data from the consulting company WiRE FS, property price growth is expected to continue.

In the third quarter of 2022, apartment prices increased by 3.9%, house prices by 1.1%, and office space by 0.6% compared to the second quarter. These figures indicate a steady strengthening of the market and open up attractive investment prospects for investors.

Moreover, the rental market in Cyprus is also on the rise.

Increased demand for rental housing and rising rental prices are contributing to higher investment returns.

Investors can expect stable rental income from their properties, making investments in Cyprus even more attractive.

Investing in Cypriot real estate offers not only financial benefits but also the opportunity to become part of a unique culture, enjoy great weather, and a high quality of life.

Cyprus offers a wide range of properties – from modern apartments in resort areas to luxurious sea-view villas.

Investing in Cypriot real estate is a smart choice for those seeking reliability, stability and high returns.

The modern market offers a rich selection of investment properties that will not only provide a stable income source but also guarantee the preservation of your capital for many years to come.

Specifics and Nuances of Purchasing Real Estate

According to the Golden Visa program rules, the investor can purchase residential or commercial real estate.

Commercial investment properties include offices, shops, and hotels.

It is also permissible to buy one or two properties – however, the total and final value of the real estate must be at least €300,000 [no exceptions].

There are no restrictions on the seller – only commercial property can be purchased on the resale market. Residential properties must be new construction – first time sales.

The Cyprus Golden Visa program allows for the purchase of:

• One apartment or house
• Two apartments or two houses, or one apartment and one house
• One apartment/house and one shop/warehouse/office/hotel
• One shop/warehouse/office/hotel
• Two shops/warehouses/offices/hotels

The property can be rented out.

If the property is purchased by a company registered to the investor or their spouse, the company must not have any other shareholders besides them.

The maximum land area a foreigner can purchase is 4,014 square meters.

Answers to most frequently asked questions