Dive into the lucrative realm of property investments in Cyprus.
Cyprus is not just a Mediterranean paradise; it's also a hotspot for exceptional returns on investment (ROI) in real estate. Here's why you should consider Cyprus for your next investment venture.
Explore a wide range of real estate options, from iconic landmarks to luxurious villas, apartments, houses, commercial spaces, offices, and promising land opportunities. Cyprus offers a diverse portfolio to cater to various investment preferences. Whether you're seeking the charm of historic landmarks or the modern comfort of apartments, the possibilities are endless.
But what types of properties promise exceptional ROI in Cyprus?
Here's the scoop:
Luxurious Villas: Cyprus boasts a robust market for high-end villas, especially in sought-after coastal areas. These properties often command excellent rental income and capital appreciation.
In annual terms, the highest ROI was received by villas located in the tourist area, on the waterfront, which are for rent and located in the regions: Limassol, Ayia Napa, Paphos
In the first quarter of 2023, the greatest increase in value was shown by villas (+31%) in Larnaca
In annual terms, the highest ROI was received by villas located in the tourist area, on the waterfront, which are for rent and located in the regions: Limassol, Ayia Napa, Paphos
In the first quarter of 2023, the greatest increase in value was shown by villas (+31%) in Larnaca
Commercial Spaces: With Cyprus's growing economy, investing in commercial properties like shops, offices, or warehouses can yield impressive returns, particularly in urban centers.
The most profitable commercial properties are
Offices located in the business center of the city, first line from the sea in Limassol
* regions: Limassol, Nicosia
Hotels located near the sea, in a natural area
* regions: Limassol, Paphos, Larnaca, Ayia Napa, Protaras, Polis
The most profitable commercial properties are
Offices located in the business center of the city, first line from the sea in Limassol
* regions: Limassol, Nicosia
Hotels located near the sea, in a natural area
* regions: Limassol, Paphos, Larnaca, Ayia Napa, Protaras, Polis
Tourism-Focused Properties: Cyprus is a popular tourist destination. Properties like holiday apartments and vacation homes tend to perform well, offering short-term rental income during peak tourist seasons.
The greatest profitability is observed during the high tourist season, which in Cyprus lasts from May to September. During this period, ROI for short-term rentals can reach record highs of 15-35% per annum. You can view a portfolio of apartments specially selected by experts for investment with high profitability on the our website.
The greatest profitability is observed during the high tourist season, which in Cyprus lasts from May to September. During this period, ROI for short-term rentals can reach record highs of 15-35% per annum. You can view a portfolio of apartments specially selected by experts for investment with high profitability on the our website.
Strategic Land Investments: As Cyprus continues to develop, buying land in promising locations can be a savvy long-term investment. Land values often appreciate significantly over time.
An indicator that Limassol has potential is the sale of land plots on which houses, apartments, office and commercial buildings will be built in the future. In the second quarter of this year, 613 land plots were sold for an amount of 124.85 million euros.
From April to June 2023, 430 contracts worth 75.5 million euros were concluded for the purchase of plots of land for which building permits have not yet been obtained. During this period of time, 183 plots were also sold for a value of €49.35 million, for which building permits and titles have already been issued.
— [In Limassol] there is a noticeable increase in the value of real estate, since the city is a business center with dozens of foreign companies with thousands of employees. It is typical that many apartments and houses are sold at prices in excess of a million euros,” explained Ask Wire CEO Pavlos Loizou.
An indicator that Limassol has potential is the sale of land plots on which houses, apartments, office and commercial buildings will be built in the future. In the second quarter of this year, 613 land plots were sold for an amount of 124.85 million euros.
From April to June 2023, 430 contracts worth 75.5 million euros were concluded for the purchase of plots of land for which building permits have not yet been obtained. During this period of time, 183 plots were also sold for a value of €49.35 million, for which building permits and titles have already been issued.
— [In Limassol] there is a noticeable increase in the value of real estate, since the city is a business center with dozens of foreign companies with thousands of employees. It is typical that many apartments and houses are sold at prices in excess of a million euros,” explained Ask Wire CEO Pavlos Loizou.
Residential Developments: Cyprus's thriving real estate market includes residential developments that cater to both locals and expats. These properties can provide steady rental income and potential for value appreciation.
In the second quarter, contracts were signed for the purchase of 499 apartments in Limassol for a total of €197.2 million. This is 26.6% of the total volume of apartments sold in Cyprus. Eight out of every ten apartments sold in the city are in the price range from 100 to 500 thousand euros. Of them:
29.9% of apartments – €100,000 - €200,000
27.9% - €200,000 - €300,000
24.4% - €300,000 - €500,000
The cost of 29 apartments sold in Limassol exceeded 1 million euros each. The most expensive apartment was sold for 10.3 million euros.
In the second quarter, contracts were signed for the purchase of 499 apartments in Limassol for a total of €197.2 million. This is 26.6% of the total volume of apartments sold in Cyprus. Eight out of every ten apartments sold in the city are in the price range from 100 to 500 thousand euros. Of them:
29.9% of apartments – €100,000 - €200,000
27.9% - €200,000 - €300,000
24.4% - €300,000 - €500,000
The cost of 29 apartments sold in Limassol exceeded 1 million euros each. The most expensive apartment was sold for 10.3 million euros.
In summary, Cyprus offers a plethora of real estate investment opportunities, each with its unique potential for exceptional ROI. Whether it's a luxurious villa, a commercial space, or strategic land, investing wisely in Cyprus can be a rewarding endeavor.
Over the nine months of 2023, 11,519 real estate purchase/sale transactions were signed in the Republic of Cyprus. This is an almost 20% increase compared to the same period in 2022, when 9,610 houses, apartments, offices and land were sold.
Explore our real estate objects to find the perfect investment property tailored to your financial goals.
