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

3,464 properties listed for sale in Cyprus

1 bed apartments:

218 listed for sale
£42,766 to £1,275,708
Average: £171,311

2 bed apartments:

687 listed for sale
£45,000 to £2,577,102
Average: £196,642

3 bed apartments:

395 listed for sale
£67,638 to £4,965,844
Average: £641,339

2 bed houses:

275 listed for sale
£29,966 to £3,767,192
Average: £292,537

3 bed houses:

977 listed for sale
£79,197 to £4,794,608
Average: £482,072

4 bed houses:

446 listed for sale
£72,775 to £11,900,902
Average: £996,197

5 bed houses:

208 listed for sale
£125,002 to £8,304,946
Average: £1,496,553

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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