Cyprus Property Buying Area Guide

Cyprus is a unique and distinctive country and it comes as no surprise that many foreign property investors wish to invest there. Cyprus has a rich tapestry of cultures, from Middle Eastern to Western European, giving a large mix of influences throughout the country and meaning there is a wide range of property available for purchase.

Cyprus is the third largest island in the Mediterranean sea and houses a large variety of terrain – from the hustle and bustle in the major cities through to peace and tranquillity by the seas or in the pine-clad Troodos Mountains. The stretches of clean sand attract many tourists and therefore property investors also enjoy buying real estate near the coasts thanks to their excellent rental opportunities.

BuyingForeignProperty.com’s four recommended areas to invest in are listed below.

Paphos Property

Paphos is a popular coastal town in the south-western area of Cyprus and is home to some of Cyprus’ top beaches. The beaches make it one of Cyprus’ top tourist destinations therefore property in the area should rent well and produce a good return on investment. Paphos is also popular as a second home destination therefore demand for property and real estate is always strong and although this means the property prices won’t be the cheapest on the island, the property market is strong and resell value should be good.

Famagusta Property

Famagusta is famed for it’s beautiful beaches – long stretches of golden sand embrace this coastal town. Although many tourists come to the area for the popular holiday resorts of Ayia Napa and Paralimni, there is also a wealth of culture in the area thanks to a mediaeval monastery and several windmills and churches.

The tourist lures mean that prices will not be the cheapest however rental potential for properties is good. Thanks to the wealth of attractions in the local area, property investors will also be able to choose what market they target for their rental properties.

Limassol Property

Limassol is the second largest city in Cyprus and is located on the southern coast. There is plenty of property to invest in on the coast, from small apartments through to luxury villas. The range of property available means that there is something for everyone to buy – from the first-time overseas property investor right through to the seasoned pro – with a range of property on offer from small apartments in the city through to luxury villas on the sea front.

Larnaca Property

Larnaca is the oldest living city in Cyprus and therefore boasts a wealth of history and culture. Home to the country’s major international airport, the demand for real estate and property in the city is always high.

The city has the country’s second largest port and is also a tourist destination in it’s own right. These factors mean that although property prices are relatively high, there is a large range of property to choose from and rental potential and property resale value are good.

Need more persuasion? Read our 10 reasons to buy property in Cyprus
Plus everything you need to know about property ownership in Cyprus

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  1. Alan | May 7, 2009 | Reply

    I love Cyprus – it’s my favourite holiday destination. I’m thinking of buying a second home in Larnaca, anyone got any recommendations for which bit of the town is best to buy in?

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