Which Cities in Cyprus Are Most Popular Among Foreign Investors?
Foreign investors continue to play a significant role in the Cypriot property market, accounting for 40% of total sales transactions in January 2025.
According to the Land Registry, out of 1,275 property contracts signed that month, 510 were purchased by foreign buyers. Notably, 68% (347 transactions) involved non-EU investors, while the remaining 32% (163 transactions) were made by EU nationals. This marks a 12% increase compared to January 2024, when 455 transactions were recorded among foreign buyers.
The most sought-after locations for property investment by foreign buyers were:
- Paphos led the market with a 36% share (184 transactions), including 119 purchases by non-EU nationals and 65 by EU citizens.
- Limassol ranked second with 28% of sales (146 transactions), of which 101 were by non-EU investors and 45 by EU buyers.
- Larnaca followed with 21% of foreign transactions (111 deals), with 94 purchases made by non-EU buyers and 17 by EU nationals.
- Nicosia and the free areas of Famagusta saw comparatively lower foreign demand, with 36 transactions (7%) and 31 transactions (6%) respectively, predominantly from non-EU investors.
The rising share of foreign investment in Cyprus' real estate market highlights the island’s enduring appeal to international buyers. The particularly strong interest from non-EU investors further underscores Cyprus’ strategic position as a key destination for global property investment.
Source: InBusiness News