Property for sale near New Phaneromeni Polyclinic

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.

Apartments are the best property investment in Cyprus. According to the RICS Cyprus Property Index for Q3 2025, apartments top sales and offer the highest yield among residential properties at 5.42%. Demand for both buying and renting remains high, especially for flats for sale in Limassol.