Property Investment in Cyprus as a Foreigner

The Republic of Cyprus restricts selling properties to foreigners: a non-EU citizen can buy no more than two properties and need a permit to purchase them.

Residential property prices almost don’t grow: the average growth is 0.1% each quarter, with fluctuations from a 5%-growth to a 6%-decline. Seven years ago, an apartment of 100 m2 cost €171,000. However, today it’s sold for €270,000.

€2,700

Average price per 1 m²

€300,000+

Real estate investment for residency

3.25—20.2%

Associated costs, of the property value

How the residential property price index is growing in Cyprus

Cost of a 3-bedroom apartment in Cyprus

$5 million

Penthouse in Limassol, in the tourist area of ​​Agios Tychonas or Pyrgos, and on the first coastline

€700,000

Apartment in Limassol, 
in the Neapolis district,
in a 10-minute walk from the beach

€400,000

Apartment in the centre of Larnaca,
a kilometre from the sea

Real estate in Cyprus

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Cyprus, Larnaca

€1,000,000+

Share in the hotel complex managed by Radisson
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Cyprus, Limassol

€1,540,000 — €2,460,000

Apartments in a five-star resort complex by the sea managed by The Ritz-Carlton
square icon156 m²
bed icon2
bathroom icon2
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Cyprus, Paphos

€289,000 — €429,000

Properties with guaranteed income in a luxury resort project
square icon97 m² — 132 m²
bed icon2—3
bathroom icon1—2
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Cyprus residency or citizenship by real estate investment

Investors can get Cyprus permanent residency if they invest at least €300,000 in real estate. 

Permanent residency is granted for life; only a resident’s ID card must be renewed every 10 years.

Relocation and living in Cyprus is not required to maintain or renew residency, a visit once every 2 years is enough. However, living in the country permanently for 8 years out of the last 11 grants the right to apply for citizenship by naturalisation.

Minimum real estate investment in Cyprus

€300,000

For residential or commercial property

Discover real estate market trends in 41 European countries

Discover real estate market trends in 41 European countries

  • Master the residency process

  • Get expert tips and documents

  • Estimate costs accurately

Download practical guide
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Taxes and associated costs

Countries to buy a property and get residency or citizenship

We offer proven properties that comply with the conditions of government programs for investors. You can buy real estate and obtain a residence permit or citizenship.

Country
Property investments
Status
Obtaining time
mt-flagmt-flag
Malta28 properties

€375,000+

Permanent residency

6+ months

Show 28 properties

€375,000+Permanent residency6+ months
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gd-flaggd-flag
Grenada17 properties

$270,000+

Citizenship

8+ months

Show 17 properties

$270,000+Citizenship8+ months
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ae-flagae-flag
UAE129 properties

AED 750,000+

Residence permit

2+ months

Show 129 properties

AED 750,000+Residence permit2+ months
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es-flages-flag
Spain30 properties

Not limited

Residence permit

4+ months

Show 30 properties

Not limitedResidence permit4+ months
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pt-flagpt-flag
Portugal41 property

Not limited

Residency after D Visas

6+ months

Show 41 property

Not limitedResidency after D Visas6+ months
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Show all countries

40+ guides with European countries

Find out how much it costs to buy and rent real estate in each country, what the market dynamics are and what taxes you need to pay when buying and selling.

is-flagProperty Investment in Iceland as a Foreigner

Foreigners can buy, lease and sell properties without restrictions in Iceland. The sale of land to foreigners is prohibited. The land on...

€4,405

Average price per 1 m²

2,5%

Average price growth per quarter

Learn more
de-flagProperty Investment in Germany as a Foreigner

Germany does not limit the sale of properties to foreigners: one can buy and sell housing and commercial real estate or rent it out.

€5,770

Average price per 1 m²

1,9%

Average price growth per quarter

Learn more
ee-flagProperty Investment in Estonia as a Foreigner

Foreigners can freely buy and sell apartments in Estonia. Buying land with a house is not allowed in all areas. A legal entity can buy a...

€2,734

Average price per 1 m²

2,4%

Average price growth per quarter

Learn more
ch-flagProperty Investment in Switzerland as a Foreigner

The sale of real estate to foreigners without a residence permit is restricted in Switzerland; permission for the purchase is required....

€14,300

Average price per 1 m²

1.1%

Average price growth per quarter

Learn more
si-flagProperty Investment in Slovenia as a Foreigner

Selling real estate to non-EU citizens is prohibited in Slovenia. A legal entity can buy real estate if it’s a Slovenian company.

€2,809

Average price per 1 m²

2,2%

Average price growth per quarter

Learn more
sm-flagProperty Investment in San Marino as a Foreigner

The sale of real estate to foreigners is not limited in San Marino: one can buy, lease and sell housing and commercial properties.

€2,669

Average price per 1 m²

Learn more
Igor Buglo

Material prepared by Igor Buglo, Head of the Maltese office, MBA

Updated:

​Frequently asked questions

  • Can foreigners buy property in Cyprus?

    The sale of real estate to foreigners in the Republic of Cyprus is limited. A non-EU citizen needs to get a permit first, and then buy no more than two properties.

  • Are property prices in Cyprus falling?

    The real estate market in Cyprus has been recovering after the 2020 stagnation. On average, Cyprus property prices have been growing by 0.1% each quarter. But there are price fluctuations: from a 5% growth to a 6% decline.

  • Is Cyprus a good real estate investment?

    There are multiple advantages of investing in Cyprus real estate, for instance:

    • local property is a liquid asset. It can be rented out for passive income and resold for profit. Real estate in big cities and resorts of Cyprus brings investors an annual yield of up to 10%;

    • residential property worth at least €300,000 is a path to Cyprus permanent residency;

    • Cyprus has no inheritance tax, and income and property tax rates are low.

  • How much is an average house in Cyprus?

    A 100 m² apartment in Cyprus costs €270,000 on average. The average price per 1 m² of housing is €2,700.

    For buying one or two properties worth €300,000 or more investors can obtain a permanent residence status in Cyprus. They can buy residential or commercial real estate.

    Immigrant Invest offers a Cyprus real estate database: listings are eligible for the Cyprus Permanent Residence by Investment program. Investors can choose from a variety of properties, including those in the construction stage — which can be bought commission-free.

  • How much is property tax in Cyprus?

    Cyprus has several types of property taxes. Owners of real estate in Cyprus pay an annual tax at a progressive rate of 0—1.9% of the cadastral property value. Owners who rent their property out pay the income tax at a progressive rate of 0—5%.

    Buyers of real estate in Cyprus pay:

    • VAT of 14—19% on new properties;

    • transfer tax of 3—8% on secondary properties. 

    Sellers of real estate in Cyprus pay a capital gains tax of 20% on the difference between the sale and purchase prices.

  • Is it safe to buy a house in Cyprus?

    Cyprus has a well-established legal framework for property ownership and transactions. However, it’s essential to conduct thorough due diligence and ensure that the property you’re interested in has clear title deeds and no legal encumbrances.