Real estate investment in Cyprus

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. Five years ago, an apartment of 100 m² cost €171,000. However, today it’s sold for €173 000.

€1,725

Average price per 1 m² of housing in Cyprus

€300,000

Minimum investment amount to get permanent residence

3,25—20,2%

Buyers’ related expenses, of the transaction amount

How the residential property price index is growing in Cyprus

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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 for investment

https://immigrantinvest.com/wp-content/uploads/2022/09/schermata-2020-08-25-alle-14.38.09-e1598360182985.jpg

location iconCyprus, Limassol

from €1,000,000

Share in the hotel complex managed by Radisson

https://immigrantinvest.com/wp-content/uploads/2022/09/bw-agia-napafinal-cam-17-b-copy-e1598455667229.jpg

location iconCyprus, Larnaca

€340,000 — €560,000

Apartments in a hotel complex with a swimming pool

square icon39 m² — 69 m²
bed icon1—2
bathroom icon1
https://immigrantinvest.com/wp-content/uploads/2022/09/22ea3038-15e5-4e45-9115-b976b49bdf42.jpeg

location iconCyprus, Larnaca

from €1,950,000

Three-storey villa with a swimming pool in a gated community by the sea

square icon224 m²
bed icon5
bathroom icon5
Show more objects

Schedule a meeting

Individual selection of investment properties

  • Discuss your tasks and goals

  • Choose between properties from reliable developers

  • Get fully prepared and verified documents for a purchase

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Cyprus residence permit or citizenship by real estate investment

Investors can get Cyprus permanent residence if they invest at least €300,000 in real estate. First, the investor gets an Immigration Permit and a permanent residence permit a year later.

After five years of living in the country, you can obtain Cyprus citizenship by naturalisation.

Cyprus Permanent Residence by Investment !year: How to Get Residency by Buying Property

Guide on Cyprus permanent residence by investment

Discover real estate market trends in 41 European countries

Practical Guide

Discover real estate market trends in 41 European countries

Taxes and associated costs

Check if real estate in these countries suits your goals

The selections include only verified real estate projects from reliable developers. Purchasing these properties may bring you a residence permit or even citizenship.

Country
Investments
Status
Time required
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Malta11 objects

€690,000+

Citizenship

1 or 3 years

Show 11 objects

€690,000+Citizenship1 or 3 years
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Grenada20 objects

$150,000

Citizenship

6+ months

Show 20 objects

$150,000Citizenship6+ months
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United Arab Emirates82 objects

AED 750,000+

Residence permit

2+ months

Show 82 objects

AED 750,000+Residence permit2+ months
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Spain47 objects

€500,000+

Residence permit

5+ months

Show 47 objects

€500,000+Residence permit5+ months
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Portugal82 objects

€820+

Residence permit

4+ months

Show 82 objects

€820+Residence permit4+ months
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40+ guides on European countries

Learn the prices for purchasing and renting a property in each country, the market dynamics and taxes on buying and selling real estate.

is-flag

Real estate investment in Iceland

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

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Real estate investment in Germany

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

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Real estate investment in Estonia

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

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Real estate investment in Bosnia and Herzegovina

The sale of real estate to foreigners is not restricted in Bosnia and Herzegovina: one can buy, lease and sell housing and commercial...

€1,177

Average price per 1 m²

1,5%

Average price growth per quarter

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Real estate investment in Andorra

To buy property in Andorra, a foreigner needs to obtain government permission.

€3,584

Average price per 1 m²

€400,000

Real estate investment for residency

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Real estate investment in Turkey

Foreigners in Turkey can buy and sell housing and commercial real estate and rent it out with few restrictions. For example, Russian...

€699

Average price per 1 m²

€400,000

Real estate investment for citizenship

A guide about investing in real estate was prepared by our expert

Igor Buglo

Igor Buglo

Head of the Maltese office, MBA

Updated:
April 26, 2024

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 the Cyprus Permanent Residence by Investment program;

    • permanent residents of Cyprus don’t pay taxes on global income, including dividends and capital gains. The country 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 €173,000 on average. The average price per 1 m² of housing is €1,725

    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 have 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.