Are you thinking about investing in Cyprus property? If so, now is a great time to do it! Recently, Cyrpus has gained a reputation for being a first-rate European FDI destination. Over recent years, the country has gone through a rapid economic turnaround. Thanks to this, more and more real estate projects are becoming available. With the number of available properties growing, the demand has increased too. Cyprus property sales have risen significantly and we’re now seeing expats from all corners of the world relocating here. Many property investors have Cyprus as a place that’s at the top of their list. It’s a place that is great for the likes of investors, holiday-home seekers, expatriates and those looking to retire. If you’re wondering what the best places to live in Cyprus are, look no further! Here we discuss what some of the most sought-after regions are.
Investing in Cyprus Property
Cyprus is a great place to invest in real estate for a vast range of reasons! The climate is one major factor as the Mediterranean island experiences plentiful sunshine throughout the year. However, there’s so much more to Cyrpus than just the sun, sea and sand. The topography is remarkable, the environment is outstanding, there’s a great legal system, healthcare is of a very high standard and tax is low too. Some of the best places to live in Cyprus provide you with affordable property investment opportunities, allowing you to pick up the home of your dreams without breaking the bank. Whether you’re looking for a luxurious place to call home or a cosy apartment, Cyrpus has an array of investment opportunities available.
5 of the Most Popular Places to Purchase Property in Cyprus
Situated in the Eastern Mediterranean Sea, there is an estimated population of 1.2 million people currently living in Cyprus - which makes it is the third largest and most populous island in the region. There are many pros that come with living in Cyprus, but it can often be difficult to know which area you should be looking in.
Not only is Nicosia the island’s capital, but it is also the largest city in the whole of Cyprus. It’s located near the centre of the Mesaoria plain, on the banks of the River Pedieos. As it’s an area that’s not as popular with tourists compared to other locations, Nicosia is a great place to be looking at when it comes to property.
Due to its location, Nicosia is split into two parts. It’s one of the last capitals in the world to still be divided militarily, with the Green Line slicing the city in half. On either side, there’s plenty of things to do. From museums, monuments and monasteries to walking the streets of the old town and visiting the local markets, there’s so much to explore in Nicosia.
Discover more about the area and what life will be like in Nicosia in our area guide
On the southern coast of Cyprus is where you’ll find Limassol, which is actually Europe’s southernmost town and the second largest on the island. It’s the perfect place to enjoy the pleasures of Mediterranean life, with an assortment of rich cultural landscapes on offer. This popular resort has beautiful sandy beaches that have a glorious mountainous backdrop, offering visitors and residents alike the best of both worlds. What’s more, there’s also unrivalled nightlife and standout shopping facilities, which help to make Limassol an ideal place to live.
Limassol boasts a unique history and culture, with plenty of things for you to do and discover. From Limassol Castle to the Roman ruins of Amathuse, you’ll love what this area offers. As well as this, Limassol’s old town is lined with pavement cafes and local restaurants surrounded by 19th-century buildings, making it an ideal day out.
Learn more about Limassol and what there is to do in the area in our handy guide
From fun days at the beach to exploring the rich local culture, Larnaca has it all. It’s a family friendly place with plenty of activities and amenities close by, which make properties here so popular. Larnaca is the third-largest city in Cyprus and boasts a heritage that truly allows you to enjoy the Cypriot way of life.
Though there is a lively nightlife scene here, there’s so much more to Larnaca than just its pubs and bars. Located on the south east coast, Larnaca provides you with some of the best beaches and watersports. Away from the coastline, there’s a region of rocky plains and sprawling fields - perfect for those who love an adventurous walking trail.
Be sure to learn everything you need to know about Larnaca in our guide here
Found on the southwest coast of Cyprus, the district of Paphos boasts a unique charm. There’s plenty of history and culture to be explored in this fantastic area, including the Tombs of the Kings, Paphos Castle and Petra tou Romiou (Aphrodite’s Rock). Paphos is known for being one of the most family friendly places to relocate to and it is an incredibly popular residential resort. It attracts a significant number of overseas buyers for a wide range of reasons, from the considerably low cost of living to the laid-back lifestyle.
For at least three quarters of the year, you’ll typically experience great weather conditions in Paphos. This is perfect for going out and enjoying the high-quality beaches that come with living on the stunning coastline. Because of this, it can become busy during the summer months with people coming here for a holiday. Other than that though, there is no downside to living in Paphos.
With miles of pale sand and clear turquoise sea to be enjoyed, Famagusta is a popular place to invest in a Cyprus property. It’s situated on the east coast of the island and was once a commercial port and fishing village. These days it’s a medieval walled area is full of stunning architecture, such as Othello Castle and the Famagusta Ghost Town.
The property market in Famagusta is growing stronger, so now is a great time to be looking at property here. There are also many areas within the district itself that provide great places to live.