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Investment

It should be noted that our advice on investing in property is solely focused on the Republic of Cyprus. We have not evaluated North Cyprus, as the regime is not recognised internationally pursuant to the Turkish invasion of North Cyprus in the mid 1970's. If you seek to purchase property in North Cyprus, it is strongly advised to seek legal advice.

Advice for investing in property in the Republic of Cyprus is much more positive, with predictions for the average growth of property prices to be in the 15-20% range annually. Since the admission of Cyprus into the EU in 2004, property prices have risen dramatically, however, the price of a house in Cyprus is still 30% less than a similarly specified house in either Spain or France.

There is an excellent selection of property on the island which ranges from traditional stonewall cottages, flat roofed housing made from mud brick, modern apartments and villas.

The excellent weather and cheap cost of living lends to the popularity of Cyprus as a holiday destination and helps to drive short term and long term letting.

Prices for house purchases in the three strongest candidates for property investment in Cyprus are as follows -

Limassol

€206,000 for a 2 bedroom property
€270,000 for a 3 bedroom property
€400,000 for a 4 bedroom property


Pafos

€187,000 for a 2 bedroom property
€282,000 for a 3 bedroom property
€500,000 for a 4 bedroom property


Protaras

€216,000 for a 2 bedroom property
€222,000 for a 3 bedroom property
€390,000 for a 4 bedroom property



Prices for apartment purchases in the three strongest candidates for property investment in Cyprus are as follows -

Limassol

€102,000 for a 1 bedroom property
€140,000 for a 2 bedroom property
€197,000 for a 3 bedroom property


Pafos

€90,000 for a 1 bedroom property
€126,500 for a 2 bedroom property
€178,000 for a 3 bedroom property


Protaras

€80,000 for a 1 bedroom property
€135,000 for a 2 bedroom property
€164,000 for a 3 bedroom property

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