Property for sale near The American Academy Nicosia

Buying property in Cyprus is relatively easy. It is advisable to contact a real estate agent and a lawyer: they know the market and regulations and how to avoid any complexities.

You will select a property according to your budget and needs and make an offer through the real estate agent. Important issues to discuss are the price, property condition, and timeline for payment and delivery.

After signing the contract and paying, you or your representative will go to the District Lands Office to register the contract of sale and issue the title deeds. If you are a third-country national, you need permission from the Council of Ministers to buy a property.

Yes, buying property in Cyprus is a wise investment. It offers stable growth and rental yields of 4-6%. The market protects against inflation and has favourable tax laws, including no property or inheritance tax. A €300,000 investment also opens a path to permanent residency for foreign nationals.

Yes, with permission from the Council of Ministers. This is a simple procedure, done by submitting Form Comm. 145 to the District Officer in whose district the property is situated.

The land, house, apartment or building must not be larger than necessary for the purpose you need. The land plot must be large enough for a residential home, with a maximum size of 4,014 sqm.

The relevant law is The Immovable Property Acquisition (Aliens) Law, Cap. 109.

According to the RICS Cyprus Property Index for Q1 2025, apartments lead in sales and have the highest yield of 5.39%. Demand for both buying and renting remains high, especially for flats for sale in Limassol. Apartments are the best property investment in Cyprus.

The process usually takes 1-2 months, depending on the circumstances and the property involved. If, for example, you need a mortgage or Council of Ministers approval and the property is still under construction or in the renovation process, it might take longer.