Buying Real Estate in Cyprus
Cyprus has emerged as an increasingly attractive destination for American buyers seeking investment properties, vacation homes, or retirement residences. This Mediterranean island offers a compelling combination of beautiful landscapes, favorable climate, and investment potential.
The Cypriot real estate market has shown remarkable resilience and growth in recent years, with property values appreciating steadily. For Americans looking to diversify their real estate portfolio internationally or seeking a European foothold, Cyprus presents unique opportunities and advantages.
Cyprus Real Estate: Market Trends
The Cyprus real estate market has demonstrated impressive momentum recently, with property sales increasing by 12% compared to the previous year. May 2025 marked a significant milestone with 1,664 sales recorded - the highest monthly figure in 17 years.
This growth is reflected in rising property values across different segments. Apartment prices have increased by 3.88% in recent years, while houses have seen a more modest but still positive growth of 2% during the same period.
Popular Areas for Investment
Larnaca
Currently experiencing the fastest sales growth on the island. The apartment sector alone generated €60 million in transactions during Q1 2025. Popular with families and retirees seeking a relaxed coastal lifestyle with excellent amenities.
Paphos
While apartment prices have seen a slight dip, house prices continue to rise steadily. The area attracts history enthusiasts and those seeking an authentic Cypriot experience combined with developed tourist infrastructure.
Limassol
Dominates the prime rental and luxury segment with consistent strong demand. The cosmopolitan atmosphere appeals to professionals and investors looking for properties with strong rental potential.
Visa, Residency, and Citizenship Options
Visa
- Temporary Residency (Golden Visa): $330,000 investment in real estate allows for permanent residency, offering the right to live, work, and study in Cyprus.
- Student Visa: Available for international students enrolled in Cypriot institutions, allowing part-time work.
- Employment Visa: Requires a job offer from a Cyprus employer, suitable for skilled workers and professionals.
Residency
- Permanent Residency: Requires a minimum investment of $330,000 estate or other approved assets, granting the right to live and work in Cyprus.
- Temporary Residency: Available for students, retirees, or workers, allowing them to reside in Cyprus for specific periods (1–2 years).
- Residency by Investment: After holding permanent residency for 5 years, investors are eligible to apply for citizenship through naturalization.
Citizenship
- Naturalization: After 5 years of residency, investors can apply for citizenship.
- Language Requirement: Basic proficiency in Greek (A2 level) required after 5 years of residency.
- Financial Stability: Proof of stable income and financial means is required for the application.
Information deemed reliable, but not guaranteed. Not intended to solicit sellers or buyers under written contract with another REALTOR®.
Steve Luther
Chief Troublemaker
CHORD Real Estate, LLC
Independently owned and operated.
Independently owned and operated.
Ashley Luther
COO/Managing Broker
CHORD Real Estate, LLC
Independently owned and operated.
Independently owned and operated.
713 18th Ave S, Nashville, TN 37203