Luxury homes for sale Cyprus

Luxury Living Unveiled: Your Gateway to High-End Real Estate in Cyprus

Welcome to the epitome of luxury living in Cyprus, we offer choice of luxury homes for sale in Cyprus and can also help source your perfect Cypriot home. Cyprus is where historical charm seamlessly converges with contemporary elegance. Explore a diverse selection of high-end residences, from modern coastal villas to meticulously restored traditional mansions. Cyprus, the third largest island in the Mediterranean, redefines luxury, offering an exquisite blend of style, comfort, and breathtaking landscapes.

Prime Locations for Luxury Real Estate in Cyprus

Situated at the north-eastern end of the Mediterranean basin, Cyprus boasts a rich cultural heritage shaped by civilizations of its past rulers: Mycenaeans, Phoenicians, Assyrians, Egyptians, Romans, Franks, Venetians, Ottomans, and British. Today, as a member of the European Union, Cyprus has become a portal for investment into Russia, the Middle East, India, and China. Efforts to attract foreign direct investment continue to boost economic growth.

Discover the allure of high-end living in cities like Limassol, Paphos, Ayia Napa, Nicosia, and Protaras, renowned for their luxurious villas and houses.

Discover Luxury homes for sale Cyprus

Luxury Features Redefined

Luxury properties in Cyprus redefine opulence with expansive living spaces, private swimming pools, meticulously landscaped gardens, and captivating views. Limassol, in particular, stands out as a hotspot for luxury real estate, featuring prestigious neighborhoods with robust infrastructure and a thriving market.

FAQs for Buying Property in Cyprus as an Overseas Buyer:

  1. Can foreigners buy property in Cyprus?

    • Yes, non-Cypriot citizens, including foreigners, are allowed to buy property in Cyprus.
  2. Are there any restrictions on the types of properties foreigners can buy?

    • Foreigners can generally purchase any type of property, including houses, apartments, and land, subject to certain restrictions in specific areas.
  3. Is there a limit on the amount of property a foreigner can buy?

    • There is no specific limit on the number of properties a foreigner can buy, but certain restrictions may apply to the total land area owned.
  4. Do I need permission to buy property in Cyprus as a non-EU citizen?

    • Non-EU citizens are required to obtain permission from the Council of Ministers to buy property in Cyprus. However, this is usually a formality.
  5. What is the process for obtaining permission to buy property?

    • The application process involves submitting an application form along with relevant documents to the District Office of the Alien and Immigration Department.
  6. Can I buy property in the Turkish-controlled northern part of Cyprus?

    • It is advisable to avoid purchasing property in the northern part of Cyprus, as it may involve legal and political complications.
  7. Are there property taxes in Cyprus for foreign buyers?

    • Yes, property owners in Cyprus are subject to various taxes, including transfer fees, property taxes, and capital gains tax.
  8. What are the costs associated with buying property in Cyprus?

    • Costs include transfer fees, stamp duty, legal fees, and potentially Value Added Tax (VAT) if buying a new property.
  9. Can I get a mortgage as a foreign buyer in Cyprus?

    • Yes, some banks in Cyprus offer mortgages to foreign buyers, typically covering up to 70% of the property value.
  10. Is it necessary to hire a lawyer when buying property in Cyprus?

    • While not mandatory, it is highly recommended to hire a qualified lawyer to navigate the legal aspects of the property purchase.

Guide to Cyprus

Dynamic Growth in Cyprus’s Real Estate Market

Impressive Market Growth Rates
Cyprus’s real estate market has experienced dynamic growth, with an impressive percentage increase in house sales. This surge reflects the vibrancy and appeal of high-end properties in the region.

International Allure: Attracting Global Investors
Foreign Investment Magnitude
Cyprus’s real estate market attracts substantial foreign investment

Global Interest in Cyprus’s Luxury Real Estate
Luxury homes in Cyprus are not only coveted by local buyers but also draw significant interest from international investors, particularly from the Middle East, Russia, and Europe. The strategic location, stable economy, favorable property laws, and the allure of citizenship through investment contribute to this international appeal.

Unveiling Cyprus’s Rich Heritage and Climate
Cultural Heritage and Geographical Significance
Cyprus, with its 10,000-year-long history, has been shaped by civilizations of its past rulers. Now a member of the European Union, the island has become a pivotal investment portal, connecting Europe, Africa, and Asia.

Mediterranean Climate and Coastal Splendor
With an average of 320 days of sunshine, Cyprus boasts an incredible Mediterranean climate, featuring long, hot summers and mild winters. Apart from the capital city of Nicosia, the major cities of Limassol, Larnaca, and Paphos are situated on the coast. At the far south-eastern tip of the island lie the highly popular holiday resorts of Ayia Napa and Protaras, famous for their numerous sandy beaches and crystal-clear waters.

Year-Round Enjoyment
Owning a residential property in Cyprus allows you to indulge in blue flag beaches, savor sumptuous cuisine, bask in favorable weather, explore its rich history, and immerse yourself in its vibrant culture year-round.

Permanent Residency in Cyprus: A Gateway to a New Home
Advantages of Permanent Residency
For those seeking more than just a luxury property, Cyprus offers enticing options for permanent residency. The advantages include access to world-class healthcare, excellent education, and a safe and stable environment for families.

Cyprus’s Permanent Residency Program
Cyprus offers a Golden Visa route for permanent residency through real estate investment. To obtain a Permanent Residence Card, the investment requirements are:

Purchase real estate property worth at least €300,000
Make a €30,000 deposit into a bank in Cyprus (kept for three years)
Prove an annual income of at least €30,000 for the applicant and €5,000 for each dependent (spouse and children)
If including parents or spouse’s parents, an additional €8,000 on the income
Have no history of criminal records.
A Home with Residency: A Perfect Blend
Owning a luxury residence in Cyprus not only provides a prestigious address but also offers the opportunity to call this beautiful island home on a permanent basis. With a blend of cultural richness, favorable climate, and the allure of Mediterranean living, Cyprus beckons those seeking a permanent haven.

Further Research for Investors and Overseas Buyers
For those interested in delving deeper into Cyprus’s prime real estate market, here are some valuable resources:

  1. Invest Cyprus
  2. Cyprus ChamberofCommerce and Industry

Living in Cyprus - Pratical tips & Advice

ertainly! Living in Cyprus can be a wonderful experience with its Mediterranean climate, rich history, and welcoming culture. Here are some practical tips and advice for those considering living in Cyprus:

1. Visa and Residency:

  • Ensure you have the necessary visa or residence permit if you plan to stay for an extended period. Check the latest requirements from the Migration Department in Cyprus.

2. Cost of Living:

  • Familiarize yourself with the cost of living in Cyprus. While some aspects may be more affordable than in other European countries, prices can vary, especially in tourist areas.

3. Language:

  • Learn some basic Greek phrases as Greek is the official language. English is widely spoken, especially in urban areas and tourist destinations, but knowing some Greek can enhance your experience.

4. Healthcare:

  • Understand the healthcare system and ensure you have adequate health insurance. Cyprus has both public and private healthcare facilities.

5. Driving:

  • If you plan to drive, familiarize yourself with Cypriot traffic rules. Driving is on the left side of the road. Public transportation is also available, especially in major cities.

6. Banking and Currency:

  • Open a local bank account for easier financial transactions. The currency is the Euro (EUR), and ATMs are widely available.

7. Weather:

  • Cyprus has a Mediterranean climate with hot, dry summers and mild winters. Be prepared for warm temperatures and occasional droughts.

8. Social Etiquette:

  • Embrace the local social customs and traditions. Cypriots are generally friendly and hospitable. Greetings are important, and it’s common to shake hands and exchange pleasantries.

9. Local Cuisine:

  • Explore and enjoy Cypriot cuisine, which is influenced by Greek, Turkish, and Middle Eastern flavors. Try traditional dishes like souvlaki, halloumi cheese, and moussaka.

10. Cultural Events:

  • Take part in local cultural events and festivals. Cyprus has a rich cultural calendar with celebrations, concerts, and traditional events throughout the year.

11. Beaches and Outdoor Activities:

  • Make the most of the beautiful beaches and outdoor activities. Cyprus offers a range of water sports, hiking trails, and historical sites to explore.

12. Education:

  • If you have children, research the local education system. Cyprus has both public and private schools, and there are also international schools offering various curricula.

13. Emergency Services:

  • Know the emergency contact numbers and locations of hospitals and police stations in your area.

14. Respect Local Traditions:

  • Respect local traditions and religious practices. Cyprus has a diverse cultural heritage, and understanding and respecting this diversity will enhance your experience.

15. Integration:

  • Get involved in local communities and events to facilitate integration. Making connections with locals can enrich your experience and provide valuable insights into the culture.

Living in Cyprus can offer a relaxed and enjoyable lifestyle, but being well-prepared and informed about the local customs and practicalities will contribute to a smooth transition.

Cyprus Real Estate blog

Real Estate Cyprus

Northern Cyprus: a detailed guide for Russian investors

Kommersant UK continues to introduce readers to the investment potential of real estate in Northern Cyprus. What are the investment strategies? What factors need to be considered when purchasing properties? How to minimize risks? Investors from which countries buy property in Northern Cyprus? Anastasia Sergienko, sales director of the licensed real estate agency Caria Estates,

Read More »
A man holding two passports in front of a Golden Visa Europe map.

Golden Visa Europe The Ultimate Guide

Researching Golden Visa Europe? Are you considering relocating to Europe, whether for personal or business reasons? If so, the concept of a “Golden Visa” might pique your interest. Golden Visas offers an enticing opportunity to secure residency in various European countries by making a specified investment, often in real estate

Read More »

Compare listings