Analysts are optimistic and believe that current trends will continue in 2022.
According to the latest edition of the RICS Cyprus Real Estate Price Index, prepared by KPMG, the driving force behind the increase in prices for Cypriot property is an increase in demand for apartments and commercial real estate in coastal areas.
In January, a record number of real estate transactions were concluded in Cyprus. Partly thanks to foreigners who are returning to the island en masse. In 2021, the sale of real estate in Cyprus to third-country nationals soared by almost 80%.
Quote. Commenting on the results, Christophoros Anayiotos, Head of Real Estate Sector at KPMG, said: "In the last quarter of 2021, there is an increase in prices for apartments (most areas), commercial real estate (Paphos), warehouses (Larnaca) and offices (Limassol, Paphos)."
Anayiotos said that holiday homes are experiencing a slight decline, but prices for tourist apartments in Paphos are rising. And it assumes that the trends will continue this year.
RICS Chief Economist Simon Rubinson commented: "Real estate trends in Cyprus remain generally positive, reflecting the resilience of the economy in the face of various Covid strains. This is especially noticeable in the growth of apartment prices, which at the national level have increased by about 4% over the past year. Although the demand is increasing for all types of real estate on the island."
What you can buy in Cyprus now:
1 300 000 €
Villa in Paphos, Cyprus
300 sq.m42
Residence
This 4 bedroom villa is located in a rural area in the quiet and peaceful village of Miliou, about 24 km from the city of Paphos and 12 km from Polis. The villa is located among orange and olive groves, as well as among a lush garden with trees, on a total area of 8000 sq.m., which ensures complete privacy. Entering the villa, you will see a...
BLUE SKY HOUSES
262 377 €
Villa in Kyrenia, Cyprus
100 sq.m3
ResidenceOnline ViewingRemote TransactionCredit
A new residential complex, from one of the best developers in the Esentepe region, located on a hillside with a unique view of the Cyrenian Mountains and the Mediterranean Sea.
The complex is very close to the beach and a well-maintained promenade. Nearby there is all the infrastructure that is necessary for life and recreation. Landscaped...
Leverage Investments
450 000 €
Apartment in Limassol, Cyprus
104 sq.m22
Residence
The project is located in the center of Limassol, close to infrastructure (supermarkets, restaurants, schools, etc.) and within walking distance from the beach. The complex provides easy access to the center of Limassol and the motorway, which, in turn, provides good communication with both airports and the rest of the island.
The complex is...
BLUE SKY HOUSES
349 000 €
Apartment in Paphos, Cyprus
100 sq.m22
Residence
A brand new project is located in the most popular area of Paphos, Universal. Within walking distance is the beach, the city center, schools, supermarkets and many other amenities. This double apartment is located in a small private complex with a communal swimming pool. The property has spacious bedrooms and living spaces, high-quality...
BLUE SKY HOUSES
370 000 €
Villa in Paphos, Cyprus
400 sq.m53
Residence
Unfinished house with 5 bedrooms in Konya. A very unusual design of the house itself with many stairs and different rooms, such as a sauna and a wine cellar, and a spacious veranda on the roof with gorgeous views around. According to the plan, a swimming pool should be located on the territory, all plans and construction permits are...
BLUE SKY HOUSES
175 000 €
Apartment in Paphos, Cyprus
73 sq.m21
A well-maintained complex in the village of Mandria, Paphos city contains 14 blocks and 200 apartments, has two large communal swimming pools with a well-maintained outdoor area, a cafeteria, a meeting room for 20 people and a large underground parking. This double apartment is located on the second floor of the complex and consists of an...
BLUE SKY HOUSES
5 600 000 €
House in Paphos, Cyprus
600 sq.m1
Residence
Magnificent, ultra-luxurious villa offering excellent investment potential as it is located just 400 meters from the newly designed Paphos Marina and 10 minutes’ drive away from Kings Avenue Mall. Only a few minutes away from the city center, situated in an exclusive beachfront location, this prestigious home offers direct access to a sandy...
Mercury Group
974 000 €
Flat in Limassol, Cyprus
163 sq.m432
Residence
For sale apartment of 163rs in Limassol. The apartment is situated on the 4th floor. consists of 3 bedrooms, living room with kitchen, one bathroom, one shower WC, one storeroom. Flat has interior layout. The property offers a roof property is subject toe are solar panels for water heating and air conditioning. The owners will be leaving the...
Mercury Group
2 700 000 €
House in Paphos, Cyprus
541 sq.m44
Residence
For sale 1-storey villa of 541rs in Paphos. Villa consists of 4 bedrooms. The owners will be leaving the furniture with the sale. Extras included with the property: parking space. The property boasts a swimming pool of private use.
Mercury Group
630 000 €
Villa in Paphos, Cyprus
212 sq.m533
This new elegant villa with three bedrooms set on the Minthis-Episkopi hillside. The villa enjoy a privileged location to capture stunning sea views and great views of the surrounding area. It’s part of brand new project consists of 10 modern luxury villas of three different types in a new built area.
All residences are constructed with...
Foutina
600 000 €
Mansion in Paphos, Cyprus
152 sq.m33
Residence
Four magnificent villas are located in Kato, Paphos, close to the beach and the promenade of Paphos. The property is located on plots of 256-429 sq.m. and includes two private parking lots, a modern kitchen, dining room, living room, three bedrooms, two bathrooms and one guest toilet. Going outside, you will see a specially equipped barbecue...
NF Group
850 000 €
Villa in Paphos, Cyprus
176 sq.m222
Residence
Nestled in the famous Minthis golf resort in Tsada area, not far from Pafos, you'll find a lovely two-bedroom villa. Offering breathtaking views of the mountains, the property greets you with a generously proportioned flowing open-plan layout living space featuring a dining area and two bedrooms, all filled with natural light through...
NEW! Luxury villa with 4 bedrooms and private pool
A luxury 4-bedroom villa with a private pool in Alsancak can become your favorite home or source of income.
The complex of 10 villas is located in Alsancak district, 1.3 km from the sea, 600 m from the main road.
Alsancak village is one of the most developed and most beautiful places to...
North Symbol by Bubnov Ltd.
370 000 €
Flat in Paphos, Cyprus
81 sq.m1
Residence
The benefits of a luxury hotel integrated into a private residential resort, the complex offers more than a home; it promises a lifestyle. First-class service and facilities that make life richer and less complicated. A supremely convenient location places a wealth of amenities, attractions and experiences on your doorstep. A neighbourhood...
Mercury Group
400 000 €
Apartment in Paphos, Cyprus
94 sq.m22
Residence
BLUE SKY HOUSES
193 000 €
Penthouse in Gazimagusa, Cyprus
140 sq.m211
Online ViewingRemote Transaction
Real Estate in the Center of Gazimağusa North Cyprus
Gazimağusa, the second largest city of North Cyprus, is one of the leading regions of the island in terms of tourism, trade, and education. It hosts many hotels, universities, casinos, and entertainment centers. The city is also home to Gazimağusa Port, the commercial port of North Cyprus....
TEKCE
164 000 €
Apartment in Kyrenia, Cyprus
60 sq.m211
Online ViewingRemote Transaction
Sea View Apartments with High Rental Potential in North Cyprus Girne
Girne is one of the most developed cities on the island of Cyprus. Centrally located, Girne hosts more than a hundred hotels and five universities.
The flats for sale in North Cyprus Girne are within walking distance of all social amenities, 1.8 km from Kashgar Beach and Girne...
TEKCE
292 000 €
Penthouse in Gazimagusa, Cyprus
144 sq.m322
Online ViewingRemote Transaction
Apartments in a Well-Developed Complex in Tatlısu Gazimağusa
Cyprus, the third largest island in the Mediterranean, is a major attraction center that stands out with its rich history and diverse cultural interactions. Located on the northern coast of the island, Tatlısu is not only a typical Mediterranean town but also a constantly developing...
TEKCE
124 000 €
Apartment in Iskele, Cyprus
58 sq.m11
Online ViewingRemote Transaction
Apartments on the Famous Beaches of North Cyprus in İskele
The renowned beach area of Long Beach in North Cyprus has gained recognition as an investment hub, even being featured in Forbes magazine. With its sandy beaches, developed complexes, and vibrant lifestyle, this rising star of the island is conveniently close to Gazimağusa and the...
Permanent residence under the accelerated program. Installment payments. Villa with sea and mountain views in the hills of Paphos, a 5-minute drive to the sandy beaches. A luxurious new complex consisting of 3 bungalows and 2 two-storey villas in Peyia, a 5-minute drive to the sandy beaches of Coral Bay. All villas come with generous plots of at...
What else? The improvement of the situation in the real estate sector was also recorded by the Central Bank and statistical services.
The central bank noted that strong demand mainly supports the continued increase in apartment prices recorded in the third quarter of 2021. Prices rose by 0.5% from the second to the third quarter, and on an annualized basis, apartments rose by 1.2%.
According to data published by the Statistical Service, housing prices in Cyprus in the third quarter of 2021 increased by 2.4% from the second quarter and by 2.2% year-on-year.