Villas in Cyprus

For purchasing a villa, you can get a residence permit in Cyprus and move to the island. To do this, you need to take part in the Cyprus permanent residence by investment program.  

The minimum cost of real estate under the terms of the permanent residence program is €300,000. A villa can be rented out for passive income. After the investor’s permanent residence status ends, or they receive Cyprus citizenship, the villa can be sold and the investment can be returned.

Yes, foreigners can buy, sell, and rent out real estate in Cyprus. But there are some restrictions: citizens of countries outside the EU are allowed to buy no more than two properties and obtain a Council of Ministers permit first. When buying a property in Cyprus worth €300,000 or more, a foreigner can get permanent residence.

The most expensive seaside villas are located in the resort cities of Limassol, Paphos, Larnaca, and Ayia Napa. The average prices here are €2,000,000 for a three-bedroom villa, and up to €15,000,000 for a luxury villa. The average price of a coastal villa in Cyprus nis €600,000.

You can buy a villa worth up to €300,000 in Kyrenia, Nicosia, Lapithos, and Famagusta. These are predominantly villas with small living areas and land plots, 1—3 km from the sea. These cities are not popular with tourists; therefore, real estate here is inexpensive.