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

3,603 properties listed for sale in Cyprus

1 bed apartments:

222 listed for sale
£43,726 to £1,526,515
Average: £228,357

2 bed apartments:

629 listed for sale
£65,999 to £3,889,919
Average: £323,557

3 bed apartments:

461 listed for sale
£79,918 to £5,376,925
Average: £753,498

2 bed houses:

244 listed for sale
£31,428 to £3,950,980
Average: £297,817

3 bed houses:

938 listed for sale
£39,061 to £6,375,445
Average: £465,061

4 bed houses:

478 listed for sale
£80,816 to £7,812,165
Average: £938,706

5 bed houses:

212 listed for sale
£107,754 to £8,710,115
Average: £1,607,138

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

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