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...

Tourist arrivals in Cyprus exceed four million for the first time

Tourist arrivals in Cyprus in 2024 exceeded four million for the first time, recording a historic value with 4,040,200 arrivals, compared to 3,845,652 in 2023, marking a significant annual increase of 5.1%. The previous record for arrivals was recorded in 2019 and was 3,976,777. In addition, according to CySTAT, tourist arrivals in December 2024 set a new all-time record of...

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...

Coastlines – 20-24.11.2024

Theme: In the Coastlines exhibition, artist Ioanna Epaminondou invites viewers to encounter the shorelines of her island, framing coastal landscapes as a sanctuaries – spaces for empathy, renewal, and undisturbed connection. Through her work, Ioanna draws upon the lines and colors of the coast and sea as metaphors for life’s fluidity: boundaries that are ever-presen...

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...