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

3,122 properties listed for sale in Cyprus

1 bed apartments:

192 listed for sale
£43,726 to £1,318,799
Average: £169,795

2 bed apartments:

530 listed for sale
£45,000 to £2,664,151
Average: £191,254

3 bed apartments:

323 listed for sale
£69,923 to £5,133,580
Average: £629,932

2 bed houses:

268 listed for sale
£30,979 to £2,257,005
Average: £274,266

3 bed houses:

927 listed for sale
£81,872 to £4,207,629
Average: £447,026

4 bed houses:

443 listed for sale
£75,234 to £13,099,480
Average: £1,041,001

5 bed houses:

213 listed for sale
£130,110 to £9,445,787
Average: £1,571,963

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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