Buy Cyprus Properties in Paphos Cyprus

Cyprus rental costs hit new highs

Available rental properties across Cyprus have reached 4,484 units, with apartments averaging €1,803 and houses €3,249 monthly, according to new data released by Landbank Analytics for January 2025. The analysis reveals a significant regional price disparity, with Limassol commanding the highest rents. The city accounts for 45% of available apartments nationwide, wi...

Why 2025 is the perfect time to invest in Cyprus properties

Cyprus is rapidly becoming one of Europe’s most desirable property investment destinations. Due to its convenient location, attractive government incentives, access to educated manpower, family security, and the emerging status of the real estate industry, the island is a prime location for investors seeking to relocate their businesses, diversify, and capitalise ...

Government launches fast-track building licence process

The government has introduced a fast-track process for issuing building licences for certain residential units, aiming to cut bureaucracy and promote home ownership, which it announced in January. Interior Minister Constantinos Ioannou detailed the new system, which significantly reduces the time for obtaining a final building permit to 40 working days – 20 days for a to...

Foreign buyers dominate property sales in Paphos

Foreign buyers have played a dominant role in the Cyprus property market since 2015, with the coastal city of Paphos emerging as the most sought-after location. According to government data released on Wednesday, 83% of property sales in Paphos were made to non-Cypriots. Figures provided by the Interior Ministry to Parliament reveal that in 2015, 75.86% of property sales in P...

Cyprus’ real estate market is not showing any signs of slowing down

Cyprus’ real estate market is not showing any signs of slowing down, fuelled by foreign buyers, as 2023 is close to becoming the best year since 2008 when a global property crisis kicked in. Real estate has proven resilient, but stakeholders continue to bank on rising foreign investment despite uncertainty prevailing in the economic environment due to the energy crisis, ...

Real Estate company acquisition announcement from our CEO

Subject: A New Horizon in the BuyCyprus Vision: Uniting Excellence Dear Valued Clients and Partners, Today marks an extraordinary juncture in our journey—a moment that underscores our unswerving commitment to excellence within the realm of Cyprus's real estate. With a profound sense of anticipation, we are delighted to announce the seamless integration of PaphosProperti...

LATEST VAT NEWS ON PROPERTY IN CYPRUS

By nearly a unanimous vote, and under the watchful eye of Brussels, parliament on Thursday passed a law allowing for a reduced VAT rate of 5 per cent levied on first homes. The discounted VAT – the full rate is 19 per cent – will apply to the first 130 square metres of a first home – for single dwellings and apartments alike – and up to a value of &euro...

Property sales in May rose 34 percent compared to the same month last year

Property sales in May rose 34 percent compared to the same month last year according to official statistics from the Department of Lands and Surveys. The total number of sales (as measured by the number of contracts deposited at Land Registry offices) in May 2023 reached 1,526 compared to 1,143 deposited in May 2022. Sales rose in all districts. Limassol recorded the hig...

Property price & rental index Q1 2023

The 54th quarterly publication of the RICS Cyprus Property Index with KPMG in Cyprus records the property price and rental index, tracking property and rental prices across all Cyprus districts and main property types. Market values year-on-year A year-on-year comparison of values shows an increase in all asset classes, with the largest evident in Apartments, f...

NEW RESIDENCY REQUIRMENTS FROM THE 2ND MAY OF 2023 FOR ''FAST TRACK'' - NON EUROPEANS APPLICANTS

NEW RESIDENCY REQUIRMENTS FROM THE 2ND MAY OF 2023 FOR ''FAST TRACK'' - NON EUROPEANS APPLICANTS Are you looking to move to Cyprus from another country? You might be interested in the expedited Immigration Permit process. After receiving approval from the Council of Ministers, the Minister of Interior released its latest review of Immigration Permits to third-country na...