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

3,485 properties listed for sale in Cyprus

1 bed apartments:

213 listed for sale
£43,726 to £1,244,299
Average: £172,003

2 bed apartments:

690 listed for sale
£45,000 to £2,513,651
Average: £195,215

3 bed apartments:

395 listed for sale
£74,324 to £4,843,580
Average: £631,411

2 bed houses:

272 listed for sale
£29,229 to £3,674,440
Average: £282,860

3 bed houses:

965 listed for sale
£28,393 to £4,676,560
Average: £472,710

4 bed houses:

444 listed for sale
£70,984 to £11,607,890
Average: £996,014

5 bed houses:

207 listed for sale
£121,925 to £8,100,470
Average: £1,483,683

Studios:

2 listed for sale
£62,500 to £168,483
Average: £115,491

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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