Real Estate in Cyprus

Real Estate in Cyprus

Cyprus is an island in the Mediterranean Sea with an area of just under 10,000 square kilometers. It is widely known for its history, beautiful nature, natural landmarks, unique architectural structures, and excellent climate. The island's nature and architecture are reminiscent of the myths and legends of ancient Greece and medieval times, which are closely intertwined with Cyprus' history. Today, this country has modern infrastructure, a high standard of living, and has been a member of the EU since 2004. The island is divided into two parts, with the majority of the population in the south being Greeks and in the north being Turks. The well-known resorts in the Republic of Cyprus include Limassol, Larnaca, Paphos, and on the northern coast, Famagusta and Kyrenia. Many citizens of Ukraine, Kazakhstan, Russia, and Belarus are interested in purchasing real estate in Cyprus due to several advantages, including:

• Good ecology, clean beaches, a mild climate, and beautiful nature;
• Friendly and hospitable locals;
• Opportunities for opening and running a business;
• Low tax rates;
• Strong legal protection;
• Possibility of obtaining residency and citizenship after purchasing property;
• High standard of living;
• Visa-free regime with Ukraine;
• Quality healthcare and education.

Cyprus is a hub for international tourism, so buying property in Cyprus can be considered as an investment, for leisure, or permanent residence.

Prices for Cypriot Real Estate - Apartments, Villas, and Apartments

Buying cheap property in Cyprus - is it possible to realize such dreams and plans? Like in any other country, the cost of housing depends on its type, square footage, number of rooms, construction date, and condition. The location of the property also significantly influences its price. Notably, an apartment or house in the northern part of the island can cost half as much as similar real estate on the southern coast of Cyprus, where prices are considerably higher. The proximity to the sea also affects property prices, with apartments closer to the sea costing more. However, due to the abundance of diverse offerings, it's possible to find a suitable option that matches the preferences and financial capabilities of the buyer. Luxury housing, such as cottages and villas on the Mediterranean coast in cities with well-developed infrastructure, is in high demand among citizens of Ukraine, Russia, Belarus, and Kazakhstan. Popular places where our compatriots prefer to buy property include Limassol, Paphos, and Larnaca. The peaceful resort town of Protaras is ideal for living or vacationing with children, offering lower property prices and a calm, relaxed lifestyle.

Buying and Selling Luxury Homes, Apartments, and Other Real Estate in Cyprus

If you want to buy an affordable villa, apartment, or flat in Cyprus with a sea view at a favorable price, the real estate agency Hayat Estate can help you make the best choice. They provide legal support for transactions, assist in document preparation, and property transfer. Our company has been operating in the international real estate market for about ten years and, thanks to extensive experience and strong partnerships with developers, can efficiently and quickly find a property that matches the client's preferences in terms of location, purpose, condition, and cost. You can get consultation regarding purchasing property abroad by phone or during a personal meeting at their office in Kyiv.