Property has always been a good investment in Cyprus , but never more so now that the Republic of Cyprus has joined the European Union. The country has a healthy economy, a very low inflation rate and almost full employment. Like the cost of living, property prices are still far more affordable in Cyprus than in other popular countries such as Spain , Portugal and France .
Since the year 2000, in anticipation of the country's EU membership, property prices in Cyprus have increased at more than the rate of inflation. Average increases are around 15 per cent per year, but in some popular areas they are higher than average.
USEFUL INFORMATION
Please click on any region named on the map shown above to see a brief description of all the main areas that are popular with homebuyers, plus photographs of our sample properties with guide prices. Feel free to ContactUs for more detailed information about any area or for more specific property details and prices.
There are two international airports in the Republic of Cyprus, one at Larnaca, in the south east of the island and the other at Paphos, in the south west. Both airports are currently being refurbished and extended to deal with the increasing numbers of holiday makers, second home owners and foreign residents.
Cyprus is split into administrative areas which are, in order of popularity with homebuyers, Paphos, Limassol, Larnaca, a small part of the Famagusta district and Nicosia (the capital).
Many foreign homebuyers also go for the tranquility of villages in the foothills of the Troodos mountains, but there is plenty of modern and traditional housing all over the island. The main areas are detailed below (with their Greek names) and marked on the map, along with the airports, so that you can judge distances and accessibility to other areas.
If youd like more comprehensive information about all aspects of buying a home in Cyprus, follow the link to Survival Books, a UK publisher, who has recently published Buying a Home in Cyprus by Anne Hall. It includes information about all areas of Cyprus, the purchase procedure, legal and financial facts and information about living and working in Cyprus.
