Cyprus is home to a number of major resorts, which fuel this important real estate market.
Limassol is a thriving resort with well-developed infrastructure. Prices start at €100,000, while townhouses and homes can cost up to €170,000 and villas can cost up to €270,000.
Paphos is not only one of Cyprus’s oldest and most beautiful cities, but it is also a prestigious residential area. An apartment here can cost up to €80,000. Villas and townhouses start at €150,000 and €300,000, respectively.
Polis, a burgeoning resort with breathtaking views, is another promising investment destination. Because construction is limited in this area, demand is outstripping supply. A villa in Polis can cost between €300,000 and €500,000.
Larnaca is a major tourist and business centre on Cyprus’s southern coast. Prices start at €70,000, and villas can sell for €170,000 or more.
Housing is less expensive in smaller seaside villages. A three-bedroom villa in Paralimni, for example, costs around €150,000.
Property in the Turkish Republic of Northern Cyprus is less expensive than in the Republic of Cyprus, as many buyers are hesitant to invest in this unrecognised autonomous state.
