Taxes, developments and property news from Limassol, Paphos and Nicosia.
Cyprus's capital remains one of Europe's most affordable property markets. A one-bedroom apartment averages €145,000, a two-bedroom €205,000, and a three-bedroom €280,000. By comparison, a three-bedroom in Paris costs €1.08m, in Berlin €845…
Read story →Debts for common building expenses accumulate over years on Cyprus, but this will not prevent you from obtaining ownership rights to a property. A Cypriot court has confirmed that if you have paid the purchase price in full and met all cont…
Read story →Cyprus has established a new benchmark, with 10,007 property sales contracts concluded in the first half of 2026. This represents a 14.6 per cent increase year-on-year and marks the first time a half-yearly figure has surpassed the 10,000 t…
Read story →Cyprus has issued significantly more building permits in the first quarter of 2026, with 2,276 projects approved compared to 1,580 in the same period last year—a 44% increase. The figures are striking: developers have secured permits for ne…
Read story →In the first quarter of 2026, construction output on Cyprus grew by just 0.7% year-on-year—seemingly stable. Yet prices tell a different story. The construction price index surged 4.7% annually and 3% in the quarter alone. What does this me…
Read story →After declining by 1.1 per cent in 2024, the Cypriot real-estate market has resumed expansion, with residential sales rising 3.8 per cent in 2025. The recovery appears modest compared with the explosive growth of previous years—sales surged…
Read story →Cyprus's property market stands at a crossroads. On one hand, the picture looks encouraging: transactions are flowing, construction continues unabated, and investors keep arriving. On the other, building materials have reached peak prices, …
Read story →Rental rates on Cyprus are rising month on month, with the price index climbing from 101.08 in December 2025 to 103.95 in May 2026. According to Eurostat data, this represents steady monthly growth without sharp spikes. Meanwhile, property …
Read story →The pace of house price increases on Cyprus has slowed, though this does not signal a market downturn. In the first quarter of 2026, the property price index rose 3.4% year-on-year—a marked deceleration from 6% a year earlier. On a quarterl…
Read story →Cyprus is operating a programme that enables people to purchase property through a mortgage before transitioning to a rent-to-own arrangement. While the mechanics may appear complex, the principle is straightforward: the state supports thos…
Read story →If you believed that Portugal's golden visa or Turkey's coastline represented the only serious options for property investors, it may be time to reconsider your strategy. Cyprus has quietly emerged as one of the Mediterranean's most compell…
Read story →Property sales in Cyprus surged 11.9% in the first five months of 2026, with 8043 transactions compared to 7185 a year earlier. Limassol led the charge, recording 2537 contracts—an 11.2% increase. Greece presents a similar picture, with apa…
Read story →In Kato Polemidia, on the site of a former military base, developers have launched Zoia, a project comprising 147 apartments across four five-storey buildings. This is more than a residential complex; it represents an attempt to create a ge…
Read story →According to Eurostat data, the price index for residential building construction has risen to 118 points — 18% above 2021 levels. For context, the index stood at 90.2 in 2015, meaning prices have climbed nearly 31% over the decade. Cyprus …
Read story →Kato Polemidia was long regarded as a peripheral district, marked by industrial zones and military barracks. Yet over the past several years, the neighbourhood has transformed into a major construction site. The former British military sett…
Read story →Thousands of Cypriot residents are living in apartment blocks plagued by serious maintenance issues and poor management, warns Savvas Georgiades, vice-chairman of the Developers' Association. The collapse of a residential building in Limass…
Read story →The figures are striking. Over January and February 2026, Cypriot authorities approved 1,500 building permits worth €825 million. By comparison, the same period in 2025 saw just 1,008 permits valued at €527 million. The area of approved pro…
Read story →The ultra-high-net-worth have fundamentally reframed their approach to luxury real estate. What was once purely a matter of status and lifestyle has become a vehicle for capital preservation amid volatility and geopolitical uncertainty. Pro…
Read story →Construction materials on Cyprus have risen 10 per cent over the past two months, and 35 per cent over five years—a significant blow to those planning to purchase or build property on the island. Global factors are to blame: the conflict in…
Read story →The Rocks is an ambitious development in the Governor's Beach area east of Limassol. Spanning 34,700 square metres, the scheme will comprise a luxury hotel with 126 rooms, 26 villas, 73 apartments and a beach club. The hotel will feature a …
Read story →Two people died in a building collapse in Limassol—a wake-up call that cannot be ignored. According to the head of the Cyprus Developers Association, the current system for managing apartment buildings "falls short of modern standards" and …
Read story →Cyprus recorded €6.5 billion in property transactions in 2025, up 8 per cent year-on-year, whilst building permits issued rose 9 per cent. On paper, a boom. Yet renters are struggling. A three-bedroom apartment in Nicosia has risen from €95…
Read story →The fifty most expensive property transactions on Cyprus in the first quarter of 2026 totalled €197.7m over three months. Limassol and Paphos emerged as the dominant markets. Limassol accounted for 29 of the top 50 deals, valued at €107.2m,…
Read story →Cyprus issued 789 construction permits in January, representing a 77 per cent increase compared with the same month last year. The permits were valued at €445 million, covering a total area of 346,700 square metres. Notably, these projects …
Read story →Cyprus automatically becomes a 'safe haven' for capital whenever tensions flare in the Middle East. In reality, however, the picture is far more nuanced. Yes, the island possesses genuine advantages: proximity to volatile regions, European …
Read story →An Israeli company has secured planning permission to transform the abandoned village of Trozen, near Limassol, into a resort development. The scheme is substantial: 60 homes, a winery and camping facilities. Local opinion is divided. Some …
Read story →House prices in Cyprus are rising faster than the European average, at 6 per cent annually compared with 5.5 per cent across the EU. A paradox emerges: Cypriots continue to spend less on housing than any other Europeans—just 11 per cent of …
Read story →Cyprus's Technical Chamber has demanded a halt to certificate revocations until a comprehensive audit is completed. The underlying issue: certain local authorities failed to conduct mandatory checks on submitted applications for regulatory …
Read story →According to the Department of Lands and Cadastre, 1,611 transactions were completed in April, compared with 1,404 a year earlier. The upward trajectory continues: March saw an even stronger 18% increase. Cyprus is maintaining momentum desp…
Read story →Cyprus is experiencing a fundamental shift in how foreign investors approach the property market. Rather than viewing real estate purely as a financial asset, overseas buyers are increasingly relocating to the island to live. Yannis Misirli…
Read story →Upon entering Neocleous Tower in Cyprus, one immediately grasps that this is no ordinary project. Every detail has been meticulously considered. The architects made no compromises in any aspect—neither in apartment layouts, nor in finishes,…
Read story →Cyprus's housing market in 2026 continues to attract foreign buyers, with rising demand, steady investment flows and a critical shortage of supply, particularly in major urban centres. This supply constraint is exerting upward pressure on p…
Read story →A tax reform came into effect on Cyprus on 1 January that directly affects property exchange schemes. The principal change concerns capital gains tax legislation. The law now includes a dedicated provision for 'land-for-development' agreeme…
Read story →Tens of thousands of buyers in Cyprus have yet to receive title deeds despite having paid in full for apartments and houses. The phenomenon is known as the "stuck buyer" problem. A purchaser acquires a property, fulfils all contractual obli…
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