Geographic Information

Description of Cyprus
Tourism in Cyprus has boomed in recent years and the property market has grown with it. The two have become almost inseparable on the island: the Mediterranean climate, so appealing to overseas visitors, is a strong part of its attraction for expats. The retirement market for those looking to relocate abroad is a strong component of the Cypriot property industry. It is no surprise that the two converge in one main hotspot: Paphos. The south-west coastal resort is the most popular destination, although the history of Limassol and modern nightlife of Famagusta also have their fans. Cyprus has become increasingly dependent on investors from China and Russia to bolster demand for the island’s property following a new law to offer residency to non-EU buyers who invest.

Current Property Prices in Cyprus

1,834 properties listed for sale in Cyprus

1 bed apartments:

138 listed for sale
£40,913 to £1,297,886
Average: £134,881

2 bed apartments:

359 listed for sale
£45,000 to £2,620,145
Average: £173,155

3 bed apartments:

171 listed for sale
£78,343 to £3,490,625
Average: £658,831

2 bed houses:

185 listed for sale
£52,229 to £1,740,960
Average: £232,593

3 bed houses:

654 listed for sale
£73,991 to £4,526,496
Average: £452,058

4 bed houses:

298 listed for sale
£73,991 to £13,492,440
Average: £1,210,385

5 bed houses:

125 listed for sale
£130,572 to £11,751,480
Average: £2,074,752

Studios:

1 listed for sale
£168,483 to £168,483
Average: £168,483

Cyprus Property Buying Guide

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Key Facts:

Currency: EURO
Time Zone: Eastern European Time Zone
DialCode: 357
Languages: Greek
Capital: Nicosia
Population: 838,897
GDP: $23.006 billion

Latest News & Features for Cyprus

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