Real Estate in Cyprus

Real Estate in Cyprus: Republic of Cyprus and Northern Cyprus — Where It’s More Profitable to Buy and Invest

Cyprus is one of the sunniest and most attractive islands in the Mediterranean — where East meets Europe. The island is divided into two parts:
Republic of Cyprus 🇨🇾 — a recognized EU member state;
Northern Cyprus 🇹🇷 — a rapidly developing territory under Turkish administration, recognized by Turkey.

For property buyers and investors, both parts of the island offer unique advantages:

• The South provides stability, EU legislation, and residency through investment;
• The North offers affordable prices, flexible installment plans, and high growth potential.

We work with trusted partners on both sides of the island, helping clients find properties that match their goals — whether for relocation, investment, or a holiday home by the sea.

📊 Cyprus in Numbers

• Area: ~9,250 km²
• Population: ~1.26 million (around 900,000 in the Republic of Cyprus and 380,000 in Northern Cyprus)
• Capital: Nicosia (a divided city)
• Languages: Greek and Turkish; English is widely spoken in everyday life
• Currency: Euro (EUR) in the south; Turkish lira (TRY) and Euro in the north
• GDP of the Republic of Cyprus: approx. USD 32 billion, average annual growth 3–4 %
• Climate: over 320 sunny days per year, mild winters and warm summers

🇨🇾 Republic of Cyprus — Stability, European Law and Residency by Investment

The Republic of Cyprus, as an EU member, offers a strong legal framework, a high quality of life, and secure property ownership registration. Foreigners can purchase real estate with full ownership rights (freehold), and buyers investing from €300,000 can obtain residency in Cyprus.

Why investors choose the Republic of Cyprus:

• Safe transactions and property rights protection under EU standards;
• Moderate taxes and low bureaucracy;
• Opportunity to obtain permanent residency in the EU;
• High rental demand year-round from tourists, students, and relocants;
• Developed infrastructure — schools, healthcare, ports, banks, international airports.

Main regions:

• Limassol — business hub with marina and luxury seafront apartments;
• Paphos — family-friendly resort with nature, archaeology and sea views;
• Larnaca — city with an international airport and fast-growing new-build market;
• Ayia Napa and Protaras — tourist zones with strong rental potential.

Prices and yields:

• Apartments — from €2,500–3,000/m²
• Villas — from €400,000
• Luxury coastal properties — from €700,000–1,000,000
• Rental yield — 4–6 % annually

The Republic of Cyprus is ideal for those who want to live in Europe with a relaxed Mediterranean lifestyle — safe, legal, and profitable.

🇹🇷 Northern Cyprus — Installment Plans, Market Growth and High Returns

Northern Cyprus is one of the fastest-growing real estate markets in the Mediterranean. Modern residential complexes with resort-style infrastructure — pools, restaurants, fitness clubs, beaches, and serviced apartments — are being built across the island.

Advantages of Northern Cyprus:

• Prices are 40–60 % lower than in the Republic of Cyprus;
• Interest-free installment plans up to 5 years, with down payments from 30 %;
• Guaranteed rental programs offering 7–10 % annual returns;
• Average property price growth of 10–15 % per year;
• Simple legal process and quick registration.

Popular locations:

• Kyrenia (Girne) — seaside city with yacht marina and international schools;
• Famagusta (Gazimağusa) — student and tourist hub with a growing rental market;
• Esentepe, Tatlisu, Bogaz — eco-friendly seaside zones with villas and golf projects;
• Lefkosa (Nicosia) — administrative and educational center.

Prices:

• Apartments — from €90,000–120,000
• Townhouses — from €150,000–200,000
• Villas — from €250,000–350,000; premium — from €500,000 and above

Northern Cyprus is especially attractive for buyers with a budget up to €200,000 who want a profitable asset with strong appreciation potential.

⚙️ Buying Process and Legal Aspects

In the Republic of Cyprus:

• Due diligence of the property and developer
• Signing the Sale & Purchase Agreement
• Transferring funds from abroad
• Registration with the Land Registry
• Receiving the Title Deed

In Northern Cyprus:

• Reservation and deposit (€2,000–5,000)
• Signing the contract with a notary
• Payment according to schedule or in installments
• Obtaining Permission to Purchase
• Registration with the Land Office

We always recommend performing legal due diligence through licensed local specialists. Our team connects clients with verified partners and reputable developers, ensuring a safe and transparent purchase process. On average, transactions take 4–8 weeks.

💰 Rental Income and Profitability

Property rentals in Cyprus provide stable income:

• Republic of Cyprus — 4–6 % annual yield;
• Northern Cyprus — 8–12 %, with demand throughout the year.

Developers often offer guaranteed income programs and professional property management. Owners can also use their property for up to 4 weeks a year without losing profit.

📈 Taxes and Expenses

Republic of Cyprus:

• Purchase tax — 3–8 % of the property price;
• Annual property tax — 0.05–0.2 %;
• Maintenance fees — €1–2/m² per month;
• Rental income tax — 10–20 %.

Northern Cyprus:

• Registration fee — around 3 %;
• Stamp duty — 0.5 % of contract price;
• Annual maintenance — up to €1,000 per year;
• Utility costs — moderate, often included in service fees.

Northern Cyprus offers one of the lowest tax burdens and the most flexible ownership terms in the region — a key reason why foreign investors are actively entering this market.

👨‍💼 Who Cyprus Real Estate Is For

We recommend Cyprus to buyers who:

• Want to invest with minimal risks and earn income in foreign currency;
• Are interested in European residency opportunities;
• Plan to live by the sea, spend winters, or relocate;
• Prefer starting with affordable investments in new developments in Northern Cyprus.

🌞 Interesting Facts about Cyprus

• Over 320 sunny days a year — one of Europe’s warmest climates.
• The Republic of Cyprus ranks among the top 10 EU countries by number of foreign property buyers.
• Northern Cyprus records annual construction growth of over 15 %.
• More than 60 international schools and universities operate on the island.
• Major marina and high-rise projects are being developed in Limassol and Kyrenia.
• Most Northern Cyprus developers offer up to 60-month interest-free installment plans.