Property for sale near New Phaneromeni Polyclinic

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.

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.