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

3,220 properties listed for sale in Cyprus

1 bed apartments:

206 listed for sale
£42,837 to £1,277,824
Average: £169,644

2 bed apartments:

563 listed for sale
£45,000 to £2,581,376
Average: £197,996

3 bed apartments:

356 listed for sale
£67,750 to £4,974,080
Average: £646,944

2 bed houses:

263 listed for sale
£30,016 to £3,773,440
Average: £284,705

3 bed houses:

935 listed for sale
£79,328 to £4,802,560
Average: £461,055

4 bed houses:

446 listed for sale
£72,896 to £12,692,480
Average: £1,002,847

5 bed houses:

211 listed for sale
£125,210 to £8,318,720
Average: £1,485,803

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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