Oleabder Homes – Konia/Armou
Cyprus is an island country located in the Mediterranean Sea, at the crossroads of three continents: Europe, Asia, and Africa. Thanks to its strategic location, the country serves as a “bridge” for international companies and individuals looking to enter the European market or benefit from a convenient “entry point” to the Middle East.
A mild climate with a long, warm summer season and comfortable winters makes Cyprus an attractive destination for year-round living and leisure. Moreover, the island is known for its reliable legal system, largely based on British law. This stability, combined with a flexible tax system and support for entrepreneurial initiatives, makes Cyprus one of the best places both for living with a family and for conducting business or making investments.
Safety and Peace of Mind
Cyprus is recognized by many experts as one of the safest countries in its region. Its low crime rate ensures a comfortable environment for families and a peaceful atmosphere for those traveling alone.
Good Environmental Conditions
Thanks to its favorable geographical location and the absence of heavy industry, the air on the island remains clean, and the natural surroundings are well-maintained and diverse.
Comfortable Climate
The island enjoys over three hundred sunny days a year. Summer lasts longer than in most European countries, and winters are short and mild.
Widespread Use of the English Language
The majority of residents speak English well, which significantly simplifies daily life for foreigners—whether dealing with government offices, shopping, or running a business.
Educational Opportunities
Cyprus is home to international schools and private universities offering programs in English. This creates a favorable environment for families wishing to provide their children with high-quality education.
Business-Friendly Environment
In addition to a favorable tax system, the island offers support for new businesses and attracts foreign investment. There are simplified procedures for company registration and a well-developed professional infrastructure.
Well-Developed Infrastructure for Living and Leisure
Cyprus boasts modern medical centers, large shopping malls, and various entertainment venues. At the same time, you can always head to one of the beaches or the mountains to enjoy nature.
In recent years, the real estate market in Cyprus has shown steady growth. This is due to the country’s economic development and the increasing number of foreigners coming to Cyprus for work or leisure. An additional factor is the government’s initiatives to attract investment: construction projects receive support, and the transparent legal system provides clarity in transactions.
For these reasons, real estate in Cyprus combines beneficial taxation, steady price growth, and continuous demand from both tourists and local residents, making it one of the most appealing investment destinations in the region.
High Rental Demand
Thanks to year-round tourism and an influx of foreign professionals, many properties are rented out without long vacancies. For property owners, this means a stable income—whether from short-term (tourist) rentals or longer-term leases to employees of local and international companies.
Increasing Property Prices
As infrastructure develops and new areas are built up, property values continue to rise. Investors not only gain from regular rental income but also benefit from the long-term appreciation of their assets.
Low Property Taxes
Cyprus offers one of the most attractive tax regimes among Mediterranean countries. Low tax rates on property and rental income allow investors to keep a larger share of their profits.
Residential Real Estate
The most popular segment, including apartments, villas, and townhouses. Purchasing a home in Cyprus can provide a comfortable personal residence or serve as a source of income—sought-after properties yield stable profits from both long-term and seasonal rentals.
Commercial Properties
This sector encompasses office spaces, business centers, shops, and restaurants. The expansion of international companies in Cyprus and the growth of local businesses drive consistent demand for office and retail spaces, which can offer high returns on investment.
Tourist Properties
Hotels, apart-hotels, and resort complexes are especially popular in regions with developed beach tourism. Given the continuous influx of foreign visitors, these properties can generate stable, long-term income if managed properly.
Land Plots
Plots designated for construction offer a good option for those planning to build their own residence or commercial property based on an individual project. Investment in land and subsequent construction appeals to both local and foreign investors, especially during periods of market expansion.
Limassol: Business Center with High Property Prices
Limassol is traditionally considered the financial capital of Cyprus. Many international corporations have offices here, and the growing business activity drives ongoing demand for both commercial and residential properties. As a result, property prices in Limassol often exceed the national average. For investors, this means a potentially quick resale if needed but also a larger initial investment.
Paphos: Ideal for Tourist Rentals and Permanent Residence
Paphos is renowned for its beautiful landscapes, archaeological sites, and tranquil pace of life. Its mild climate and beaches make it one of the most popular tourist destinations on the island. Consequently, vacation rentals here are in high demand, especially during the peak season. Additionally, many families and retirees choose Paphos for permanent residence, drawn by the relaxed atmosphere and seaside living.
Larnaca: Rapid Development, Lower Prices, Strong Prospects
In recent years, Larnaca has undergone active transformation, with new residential complexes, office buildings, and public facilities under construction. Yet property prices here remain more affordable compared to Limassol and some parts of Paphos. For investors, this can be an excellent opportunity to purchase properties at relatively low prices and benefit from increasing values as the city continues to grow.
Famagusta (Ayia Napa, Protaras): Popular Resorts
Ayia Napa and Protaras, located in the Famagusta region, have long been world-famous for their sandy beaches and vibrant resort atmosphere. The tourist season lasts for most of the year, which translates into high rental yields. These properties are especially appealing to those who plan to use the home as a summer residence while also earning rental income when they are not there.
The price of apartments and houses in Cyprus depends primarily on location and proximity to the sea. Overall, the average cost per square meter in the country is around two thousand euros. The highest prices are found in Limassol, where rates for new developments and premium apartments can be several times higher than the national average. Paphos offers more moderate pricing, although these costs are gradually rising due to growing interest from both tourists and those looking for a permanent home. Larnaca traditionally has lower real estate prices, but the city’s active development may lead to a gradual increase in property values.
Market experts predict that real estate prices will continue to rise in the coming years, driven by foreign investors and ongoing infrastructure projects. In 2025, the average increase in housing costs across Cyprus could range from 5% to 10%, depending on the specific area. The most significant price hikes will likely occur in cities experiencing active construction and development of business districts, as well as in resort areas popular with tourists year-round.
Cyprus continues to attract people seeking a high quality of life in a pleasant climate. The country combines a solid legal framework, favorable conditions for doing business, and a steadily growing real estate market. A friendly tax system, safety, and access to education and healthcare make the island attractive to families with children as well as individual professionals.
From an investment standpoint, Cyprus has long been one of the most promising markets in Europe. Cities like Limassol, Paphos, and Larnaca are developing rapidly, driving up property values and maintaining strong rental demand. Foreign investors can benefit from tax advantages and profit from rising real estate values.
These factors help Cyprus retain its status as one of the best destinations for relocation and investment, combining a high standard of living with a stable investment potential.
Permanent Residence in Cyprus for Foreigners – Advantages
Permanent residency provides additional opportunities for non-EU foreigners, giving them the right to stay in Cyprus continuously. Citizens with this status, have the right to enjoy the tax advantages of Cyprus, establish and conduct business. After 7 years of permanent residency, documents can be submitted for obtaining Cyprus citizenship.
Under what circumstances can one obtain permanent residence?
Permanent residence can be obtained by an investor through the purchase of a new property (one or several) with a combined net price of 300,000 euros. Along with the buyer, permanent residence is granted to their family: the spouse of the investor, minor children, children up to the age of 25 under certain conditions, and the parents of the investor. Permanent residence is indefinite in time.
Is it worth investing in real estate in Cyprus?
Cyprus is a popular country among investors and tourists from many countries. It has a very favorable location (intersection of three continents), numerous historical sites, a wide variety of leisure destinations, and a great quality of life. Here, you can live directly by the sea, and just a few kilometers away from the coast, you can find yourself in the mountains, surrounded by diverse greenery, with a completely different climate and air. You can live in Paphos, enjoying tranquility and peace in the heart of centuries-old history, and then, just 70 km away, you can immerse yourself in the vibrant events and bustling life of Limassol. Everyone can find a comfortable place for their soul here. The climate and comfort of Cyprus are attractive not only for tourists but also for those seeking warmth from countries with cooler climates, who come here for the winter months. As a result, rental properties are always in demand, both for long-term and short-term purposes.
What does the purchase process look like with us?
After an initial individual consultation, our specialists will select a property for you that meets your requirements and price preferences, and then invite you for an online or on-site presentation.
After choosing a property, the reservation process will be organized, including a reservation fee payment and signing of the relevant documents. We then start preparing the transaction documents.
We collaborate with top lawyers, providing professional support at all stages of the transaction.
The sales agreement is signed in English, as the legal system in Cyprus is based on British law.
The final stage of the transaction is the process of registering the sales contract in the land registry. A lawyer is responsible for this process.
Payment of tax, should be made within 30 days of signing the sales contract.
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