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Foreign Buyers Support Real Estate Sales in Cyprus

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The sales of Cypriot real estate to foreigners increased by 50% year on year in April 2022.

According to the Land Registry, in April 2022, the Cypriot real estate sales to foreigners increased by 50% year on year. Paphos, followed by Limassol, Larnaca, Nicosia, and Famagusta demonstrate the most inrtense buying activity.

In the first four months of 2022, The real estate sales to foreigners reached 1,647 in Cyprus, which is 98% more than in the same period last year (833).

Last week, the Cabinet of Ministers of Cyprus approved a bill offering tax incentives to attract talent and promote the placement of headquarters in Cyprus. It involves reducing the minimum required annual salary from €100,000 to €55,000. For existing employees, it provides a 50% tax benefit on remuneration from employment with an income of €55,000 per year carried out in Cyprus by an individual.

The government's initiative is expected continue to stimulate the real estate sale to foreign companies and their employees.

EU citizens. Sales to EU citizens in April rose by 57% year-on-year. In the first four months of 2022, sales to EU citizens reached 808, which is 115% more than in the same period last year (375).

Non-EU citizens. Sales to citizens of non-EU countries increased by 44% year on year. In the first four months of the year, they reached 839, which is 83% higher than the same period last year (458).

Propreties for sale in Cyprus:
Apartment for 1 930 000 euro in Paphos, Cyprus
1 930 000 €
Apartment in Paphos, Cyprus
162 sq.m 2 2
Residence
This unique project presents the first high-rise buildings located in one of the most prestigious areas of Kato Paphos. The total length of the project exceeds 46,000 m2, consisting of 20 luxury villas and two high-rise towers with apartments, shops, restaurants, cafes and bars, including lush gardens under a canopy, terraces, a pool bar and a...
BLUE SKY HOUSES
Apartment for 300 000 euro in Paphos, Cyprus
300 000 €
Apartment in Paphos, Cyprus
115 sq.m 2 2
The luxury residential complex is located in the heart of Kato Paphos. According to the level of service, positioning and quality of finishing materials, this project will correspond to the level of the best five-star hotels. Property: Spacious apartment with open plan living/dining room and separate kitchen. Glass doors from the living room...
BLUE SKY HOUSES
Flat for 507 000 euro in Limassol, Cyprus
507 000 €
Flat in Limassol, Cyprus
54 sq.m 1 1
Residence
The residential complex is located in a comfortable and quiet suburb of Limassol – Muttayaka. On the territory of the residential complex there are 3-storey houses with 28 apartments with 1-3 bedrooms, as well as 5 elegant villas. The complex includes apartments and penthouses with an area of 54-172 sq. m. All apartments have carefully...
NF Group
Apartment for 470 000 euro in Limassol, Cyprus
470 000 €
Apartment in Limassol, Cyprus
85 sq.m 2 2
Residence
The building is located in the very popular area of Potamos Germasoyas, which makes it an ideal place for both living and relaxing. Within easy reach of the Limassol/Nicosia highway, allowing access to all other cities, as well as to the airports of Larnaca and Paphos, avoiding the city center. The apartments are very spacious and functional,...
BLUE SKY HOUSES
Apartment for 410 000 euro in Paphos, Cyprus
410 000 €
Apartment in Paphos, Cyprus
92 sq.m 2 2
Residence
The historical quarter of the city of Paphos, isolated from the main tourist area, offers a more relaxed atmosphere, as well as several cultural attractions. The area is located just 3 km from the coastline of the city and the center of Paphos or Ktima, as it is called by locals. The charming and relaxed part of the city pleases with elegant...
BLUE SKY HOUSES
House for 400 000 euro in Limassol, Cyprus
400 000 €
House in Limassol, Cyprus
230 sq.m 4 3
Residence
For sale 2-storey house of 230rs in Limassol. The first floor consists of 4 bedrooms, living room with kitchen, one kitchen, 3 bathrooms, one storeroom. The ground floor consists of living room with kitchen, one kitchen, one WC, one storeroom. There are solar panels for water heating, a fireplace, air conditioning, awnings and heating. The...
Mercury Group
Flat for 229 739 euro in Limassol, Cyprus
229 739 €
Flat in Limassol, Cyprus
67 sq.m 1 1
Area: 67-182 sq. m.Number of bedrooms: 1-2.4 floors.Underground parking.Location: in the heart of Limassol.
NF Group
Apartment for 250 000 euro in Larnaca, Cyprus
250 000 €
Apartment in Larnaca, Cyprus
102 sq.m 2 2
BLUE SKY HOUSES
Villa for 549 000 euro in Paphos, Cyprus
549 000 €
Villa in Paphos, Cyprus
149 sq.m 3 2
Residence
The villa is located in a stunning complex located in the picturesque area of Kato Paphos and offering a luxurious and comfortable lifestyle. The gated complex provides security and privacy, and a 24-hour concierge service guarantees the satisfaction of all the needs of residents.
BLUE SKY HOUSES
Penthouse for 665 000 euro in Limassol, Cyprus
665 000 €
Penthouse in Limassol, Cyprus
177 sq.m 3 3
Residence
BLUE SKY HOUSES
Apartment for 600 000 euro in Limassol, Cyprus
600 000 €
Apartment in Limassol, Cyprus
100 sq.m 2 2
Residence
A small residential complex located in the heart of Limassol combines the best examples of modern architecture, luxurious finishes and a first-class location. The well-equipped apartments offer urban life at its best. The Neapolis area is notable for its proximity to Limassol's main seaside promenade, the best shops and city amenities. This...
BLUE SKY HOUSES
Apartment for 244 900 euro in Limassol, Cyprus
244 900 €
Apartment in Limassol, Cyprus
65 sq.m 1 1
The object is located close to the main road connecting the Germasoia district and the village of Agios Athanasios, which provides quick and convenient access to both roundabouts, as well as privacy and a quiet life in residential apartments.
BLUE SKY HOUSES
Penthouse for 550 000 euro in Esentepe, Cyprus
550 000 €
Penthouse in Esentepe, Cyprus
183 sq.m 3 2 1
Residence Online Viewing Remote Transaction Cryptocurrency payment
Residential complex in a popular area of Northern Cyprus - Esentepe. There is a well-developed urban infrastructure and the area is especially popular among investors and those who are looking for liquid real estate in Northern Cyprus. The plot on which the complex is located is only 20 meters from the sea. All villas and apartments have...
ART ALANYA Real Estate
Apartment for 450 000 euro in Limassol, Cyprus
450 000 €
Apartment in Limassol, Cyprus
101 sq.m 2
Residence
BLUE SKY HOUSES
Villa for 750 000 euro in Limassol, Cyprus
750 000 €
Villa in Limassol, Cyprus
245 sq.m 4 3
Residence
BLUE SKY HOUSES
Penthouse for 1 340 000 euro in Limassol, Cyprus
1 340 000 €
Penthouse in Limassol, Cyprus
214 sq.m 3 2
Residence
BLUE SKY HOUSES
Apartment for 290 000 euro in Limassol, Cyprus
290 000 €
Apartment in Limassol, Cyprus
69 sq.m 1 1
A modern apartment in a beautifully located apartment building offers an urban and dynamic life in the city. The 3-room apartment is designed with a spacious area and consists of an internal space of 56 sq.m and a covered veranda of 13 sq.m. All amenities: schools, banks, business centers, shops and grocery stores are nearby, and at the same...
BLUE SKY HOUSES
Penthouse for 492 000 euro in Iskele, Cyprus
492 000 €
Penthouse in Iskele, Cyprus
253 sq.m 4 3 2
Residence Online Viewing Remote Transaction
Apartments in a Complex with Private Beach in Bafra İskele North Cyprus is a heavenly holiday destination in the Mediterranean. With 300 days of sunshine, Bafra is situated in the northeastern part of the island. Surrounded by picturesque beaches, Bafra has easy access to İskele and Gazimağusa city centers. Bafra offers a joyful and comfortable...
TEKCE
Penthouse for 361 000 euro in Kyrenia, Cyprus
361 000 €
Penthouse in Kyrenia, Cyprus
142 sq.m 3 2 2
Residence Online Viewing Remote Transaction
Apartments in a Seafront Complex in Esentepe Girne Girne, the pearl of North Cyprus, is home to international universities and five-star hotels. It is a pioneer in tourism and education and one of the most vibrant and developed regions of the island. Esentepe is a lovely Mediterranean town near the sea in the east of Girne and it has been one of...
TEKCE
Apartment for 257 000 euro in Kyrenia, Cyprus
257 000 €
Apartment in Kyrenia, Cyprus
94 sq.m 3 2 1
Residence Online Viewing Remote Transaction Cryptocurrency payment
Good afternoon ! I present to your attention a ready-made apartment complex CC TOWER, located in the heart of Kyrenia. The ideal location allows you to always be within walking distance of city infrastructure. The apartments offer stunning views of the Mediterranean Sea and the Beshparmak Mountains. When purchasing an apartment,...
Caria Estates SPB

Source: Cyprus Property News

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