Many significant resorts can be found in Cyprus, fueling this important real estate industry.
Limassol is a bustling resort with well-developed infrastructure. Flats start at €100,000, with townhouses and homes costing up to €170,000 and villas costing up to €270,000.
Paphos is a famous residential neighborhood as well as one of Cyprus’ oldest and most scenic cities. An apartment here can cost up to €80,000. Townhouses start at €150,000 while villas start at €300,000.
Polis, a burgeoning resort with breathtaking views, is another prospective investment opportunity. Because construction is limited in this area, demand is surpassing supply. A home in Polis might cost anything from €300,000 and €500,000.
Larnaca is a major tourist and business center on Cyprus’ southern coast. Prices for apartments start at €70,000, while a villa can cost up to €170,000.
Housing in smaller seaside settlements is less expensive. A three-bedroom home 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, owing to the fact that many buyers are hesitant to invest in an autonomous state that is not recognized by the international world.