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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 695 000 euro in Limassol, Cyprus
695 000 €
Apartment in Limassol, Cyprus
183 sq.m 4 3 3
Residence
This exclusive project of 2 apartments and 1 penthouse is located in a very quiet and prestigious area of Limassol - Potamos Germasoyias, in close proximity to established infrastructure (supermarkets, restaurants, pharmacies, schools, etc.) and within walking distance to the sandy beach and Dasoudi Park, as well as boutiques and restaurants of...
Resortec Properties Ltd.
Flat for 4 350 000 euro in Limassol, Cyprus
4 350 000 €
Flat in Limassol, Cyprus
530 sq.m 1
Residence
This unique project is a bijou 2 block condominium of sophisticated apartments, duplex apartments and penthouses that rise up to 82m high – Tower A and 70m high – Tower B, offering spectacular sea views, design, facilities and a great location just 100 meters from the sea for those who seek a one of a kind, the complex stands out as being...
Mercury Group
Villa for 2 500 000 euro in Limassol, Cyprus
2 500 000 €
Villa in Limassol, Cyprus
350 sq.m 3 4
Residence
A stunning, one-of-a-kind mountain residence, flawlessly designed amidst a lush forest garden. This villa, located on the hills of the Royal Moniatis Mountain, is a unique property on the market, a truly rare find. Beautiful forest landscapes, private flowering gardens and impeccable attention to detail were key elements in the creation of this...
PURPLE INTERNATIONAL
Villa for 320 000 euro in Tala, Cyprus
320 000 €
Villa in Tala, Cyprus
165 sq.m 4 3 2
Residence Online Viewing Credit
Installment payments up to 2 years, permanent residence for 2 months. Modern villas 5-7 min drive to the sea and English schools in the green suburb of Tala, surrounded by citrus gardens. A 2-minute drive away is the center of Kissonerga with many shops, restaurants, bars. The sandy beaches of the popular Coral Bay resort are a 7-minute drive...
ABC CYPRUS HOMES
Villa for 799 000 euro in Paphos, Cyprus
799 000 €
Villa in Paphos, Cyprus
3 4
Residence
This truly unique Junior Villa with a fabulous private pool, hidden in a quiet corner of the village of Zephyros, is an excellent option for a luxurious family stay. The deceptively spacious property has been beautifully renovated and presented in immaculate condition for living. A short pedestrian path with borders planted with various...
BLUE SKY HOUSES
Apartment for 149 000 euro in Paphos, Cyprus
149 000 €
Apartment in Paphos, Cyprus
76 sq.m 2 1
Apartment for sale with 2 bedrooms and 2 bathrooms on the top floor in the area of the Tombs of the Kings in Kato Paphos. Located within walking distance from the sea and restaurants and the city center of the local shopping center. Corner property with panoramic sea and building views. Excellent territory with beautiful swimming pools and Jacuzzi.
BLUE SKY HOUSES
Villa for 630 000 euro in Paphos, Cyprus
630 000 €
Villa in Paphos, Cyprus
4 3
Residence
This beautiful detached villa with 4 bedrooms, occupying a large corner plot with a private pool, is located in the rural village of Konia, near the center of Paphos. Surrounded by trees, it is very secluded, but still has a beautiful view of Konya and the sea. When you enter this property, you immediately enter a large living/dining room and...
BLUE SKY HOUSES
Villa for 5 000 000 euro in Paphos, Cyprus
5 000 000 €
Villa in Paphos, Cyprus
4 3
Residence
This private and well-maintained house with a colorful garden is one of the properties on the street by the sea in Coral Bay. Real estate with high-quality finishes, heated polo, the villa is tastefully decorated, with spacious areas and much more. The enclosed area opens onto several steps leading to the entrance door of this elegant building....
BLUE SKY HOUSES
Villa for 750 000 euro in Limassol, Cyprus
750 000 €
Villa in Limassol, Cyprus
290 sq.m 4 4
Residence
The 4-bedroom house, located in a quiet residential area, offers excellent access to all the main amenities of Limassol city: beaches, schools, business centers and all activities, including entertainment and water sports. The house consists of 4 bedrooms: 3 bedrooms on the second floor, a main bathroom and additional fixtures, if you need a...
BLUE SKY HOUSES
Apartment for 158 500 euro in Paphos, Cyprus
158 500 €
Apartment in Paphos, Cyprus
2 1
This apartment boasts a spacious balcony with a view of the communal swimming pool that is surrounded by a beautiful landscaped garden. It also offers many extras like fitted wardrobes and covered parking. This project is located in the exclusive area of Tala village very close to the famous Monastery ofhytos. The development comprises of...
NCH Real Estate
Apartment for 440 000 euro in Nicosia, Cyprus
440 000 €
Apartment in Nicosia, Cyprus
141 sq.m 3 3
Under Construction three bedroom whole floor apartment located in Agioi Omologites. It will be on the fifth floor and will have a total covered area of 176m2 (141m2 internal area and 35m2 covered veranda). The apartment will have provisions for a/c and heating, covered parking and available storage room. Price: €440,000 + V.A.T
NCH Real Estate
Apartment for 130 000 euro in Nicosia, Cyprus
130 000 €
Apartment in Nicosia, Cyprus
55 sq.m 1 1
Under Construction one bedroom apartment located in Lykabittos. It will be on the fourth floor and will have a total covered area of 65m2 with 55m2 internal area and 10m2 covered veranda. The apartment will have a/c provisions, underfloor heating provisions, energy class A’ and covered parking with available storage room. Price: €130,000+ V.A.T
NCH Real Estate
Apartment for 575 000 euro in Limassol, Cyprus
575 000 €
Apartment in Limassol, Cyprus
92 sq.m 3 3
Residence
The residential complex is located in the popular tourist area of Neapolis - the city center with all kinds of entertainment and beautiful sandy beaches that are within walking distance. It is convenient to get to the airport, the road will take no more than 40 minutes. A six-storey high-tech building with a private pool and sun loungers. There...
BLUE SKY HOUSES
Apartment for 240 000 euro in Limassol, Cyprus
240 000 €
Apartment in Limassol, Cyprus
84 sq.m 2 1
The four-storey block consists of twelve luxury apartments, three on each floor. The area of each two-bedroom apartment is 84.00 m2, they have a living room, a kitchen and a dining room, two bedrooms, one bathroom, a guest toilet and a spacious veranda. Each three-bedroom apartment has an area of 115.00 m2 and includes a living room, kitchen and...
BLUE SKY HOUSES
Villa for 1 325 000 euro in Paphos, Cyprus
1 325 000 €
Villa in Paphos, Cyprus
400 sq.m 4
Residence
Price  + VAT  Luxury Project is an award winning stunning architecturally designed development that blends seamlessly into its surroundings offering the very best of Mediterranean living. Located in Paphos Sea Caves region, an elite seaside location just a stone throw from the famous Coral Bay and its blue flag beach. These magnificent...
D Maratheftis West Coast Ltd
Apartment for 1 071 604 euro in Paphos, Cyprus
1 071 604 €
Apartment in Paphos, Cyprus
675 sq.m
Residence
Spacious apartments located in delightful complex just off the Tombs of the Kings road, which offers well maintained gardens and communal areas, large swimming pool, easy access to the facilities, walking distance to the coastline & beach, tavernas & on a bus route. 8 Units, NO VAT. 1 x studio 3 x 1 bedroom apartment2 x 1 bedroom apartment and...
D Maratheftis West Coast Ltd
Apartment for 170 000 euro in Paphos, Cyprus
170 000 €
Apartment in Paphos, Cyprus
75 sq.m 2 1
This magnificent ground floor two bedroom apartment for sale in Regina Gardens is located in the area of the Royal Tombs in Paphos. It is located on the first floor of a three-storey building. The complex has large beautiful landscaped mature gardens that surround a large communal swimming pool. In addition, there is a large children's pool. The...
BLUE SKY HOUSES
Villa for 375 000 euro in Paphos, Cyprus
375 000 €
Villa in Paphos, Cyprus
Residence
This secluded 3 bedroom villa for sale in Peyia offers the best of the Mediterranean lifestyle, just minutes from the famous beaches of Coral Bay and the bustling city of Paphos. This 3 bedroom villa was recently rented out, so it can be sold quickly. The house has a beautiful private pool and a relaxation area when you want to spend the day in...
BLUE SKY HOUSES
Apartment for 245 000 euro in Limassol, Cyprus
245 000 €
Apartment in Limassol, Cyprus
76 sq.m 2 2
This project of 1, 2 and 3 bedroom apartments is located in the residential area of Polemidia in Limassol, with a suburban context. It has convenient access to the highway, as well as to roads that are not subject to traffic jams. Cycling in the surrounding area is a popular alternative, as the main streets are connected by a safe bike path....
PURPLE INTERNATIONAL
Villa for 1 300 000 euro in Limassol, Cyprus
1 300 000 €
Villa in Limassol, Cyprus
376 sq.m 4 3 2
Residence
For sale 3-storey villa of 376rs in Limassol. The ground floor consists of 2 bedrooms, one bathroom, one storeroom. The first floor consists of one bedroom, one shower WC, one storeroom, one office, one dressing room. The second floor consists of living room with kitchen, one WC, one storeroom. The property is subject toe are solar panels for...
GREKODOM DEVELOPMENT A.E

Source: Cyprus Property News

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News and articles on the topic «Cyprus»:

What is Changing the Cyprus Real Estate Market?
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The gap between potential house and apartment buyers is growing.
New Rules for Getting a Residence Permit in Cyprus
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The document has been submitted to the Parliament for consideration.