Cyprus

Market overview

Understanding the market.

Cyprus is a European Union member state with an established market for international buyers, from city apartments in Limassol and Nicosia to coastal homes around Paphos and Larnaca.

English is widely used in business, and the legal system draws in part on English common law, which many international buyers find familiar.

Before you buy

Ownership, costs and residency.

[REVIEW] The ownership, tax, visa and residency points below are a general draft summary. Have them checked by a qualified professional in Cyprus and add any current figures you have verified before publishing.

• Buyers from outside the EU generally need permission from the authorities to acquire property. This is usually applied for after the contract is signed.
• Title deed status should be checked carefully, especially for resale property. Independent legal checks are essential.
• Cyprus offers a permanent residence permit route for non-EU nationals who invest in new property and meet other conditions. Minimum investment amounts and conditions are set by the government and can change.
• Cyprus’s former citizenship-by-investment programme closed in 2020. Be cautious of anyone offering citizenship through a property purchase.

This is general information, not legal, tax or immigration advice. Rules and costs change; we will always point you to qualified local professionals before you commit.