Property for sale near Foley's School Limassol

On the RICS Cyprus Property Index with KPMG in Cyprus for the second quarter of 2026, apartment values rose 5.42% and house values 4.04% in a year, and average rental yields were 5.51% for apartments and 3.01% for houses. Immovable property tax was abolished from 1 January 2017.

A non-EU national who buys a new home from a developer for at least €300,000 (plus VAT) with money transferred from abroad, and has a secure annual income from abroad of at least €50,000, can apply for permanent residence under the Migration Department's expedited procedure for investors.

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.

Apartments are the best property investment in Cyprus. According to the RICS Cyprus Property Index for Q1 2026, apartments top sales and offer the highest yield among residential properties at 5.44%. Demand for both buying and renting remains high, especially for flats for sale in Limassol.