Where To Buy In Cyprus
Oct 21, 2021
Cyprus has become a popular destination for many international expats due to its beautiful sandy beaches, crystal clear water and stunning landscapes. It has a vibrant culture and, as a small Mediterranean island, it’s the ideal place for retirees, families and couples to get some much needed sunshine.
The idyllic towns and villages across the island are filled with wonderful restaurants, friendly cafes, elite golf resorts and gorgeous marinas. But deciding on the right location to buy your property can be difficult when there are so many amazing options. From the bright lights of Limassol to the cultural city of Paphos, we’ll cover some of the most popular areas to relocate to and help you find the perfect spot for your new property.
Paphos is a firm favourite among many for a few reasons, it has an impressive expat community and has one of the most spectacular harbours in the Mediterranean. It also has an airport with year-round budget flights, providing an easy connection for a second home. Paphos has a bright future ahead of it with large scale investment in the town’s infrastructure after being named a 2017 European City of Culture. Over €25 million has been spent on renovating public squares, archaeological sites, the old commercial centre and roads.
What will you find in Paphos?
There are many amazing places to visit within Paphos, it’s full of culture and diversity with plenty to do if you’re entertaining guests or just looking for something to keep you busy while you’re visiting. Here are the top attractions in Paphos:
- Kato Paphos Archaeological Park
- Paphos Harbour and Port
- Aphrodite’s Rock Brewing Company
- Paphos Aphrodite Waterpark
- Avakas Gorge
- Agios Neophytos Monastery
- Tomb of the Kings
- Pafos Zoo
- Lara bay Turtle Conservation Station
New developments in Paphos
The Cypriot town has undergone major development work within the last few years and has three more projects in the pipeline for 2021. This development will lead to the creation of more pedestrian areas around the city. The project proposals include the regeneration of the centre of Anavargos village, the southern area of the traditional shopping centre and Theoskepastis Square and surrounding streets in Kato Paphos.
These projects, among others, aim to boost the economy and maintain Paphos as a European city to visit for people all over the world. The development and improvement of the city show no signs of slowing down, ensuring the strengthening of the local economy and wellbeing of local residents.
The price of properties in Pathos
The prices in Paphos’ traditional villages vary depending on what you’re looking for. If you’re on the hunt for a more traditional stone house, you could expect to pay between €100,000-€200,000, depending on the size and condition. If you’re opting for a modern bungalow or villa, these normally go for around €200,000. Something a bit bigger with a pool and views will start at €250,000. Larger villages offer small apartment complexes for under €100,000.
Houses and apartments make up most of Paphos’ real estate with pool villas being slightly harder to find.
The cost of living in Paphos
Paphos has a reasonable cost of living and is cheaper than the cities of Limassol and Larnaca, but more expensive than smaller places like Famagusta. For a family of four, the estimated monthly cost is €2,160 without rent and €610 for a single person.
Nestled between Paphos and Larnaca, Limassol is the island’s second-largest urban area located on the shores of Akrotiri Bay. It provides the perfect balance of modern architecture in combination with the island’s multicultural past. You can navigate through the twisting streets of the old town and soak up its rich history. The modern state-of-the-art developments provide a modern twist on this historical city with features such as the marina and Limassol Del Mar - a €350 million landmark development of luxury residences.
What will you find in Limassol?
Limassol has something for everyone, so whether you’re looking for a quiet escape or a vibrant community to become a part of, the properties in Limassol are sure to impress.
Some major landmarks to look out for include:
- Kourion - Historic ancient ruins
- Limassol Marina
- Fasouri Watermania Water Park
- Kourion Beach
- Cyprus Historic and Classic Motor Museum
- Limassol Castle
- Kolossi Castle
- Limassol Zoo
The expat community in Limassol
Cyprus is full of international expats which makes relocating that much easier. Limassol is home to many international residents so it is a great place to buy property. You’ll find families, couples and retirees from all over the world here. . There are plenty of events, religious organisations, volunteer roles and online forums you can join to meet like-minded people and experience the real sense of community that exists all over the island. You’ll likely meet people from countries like Britain, Russia, Greece, Ukraine, Romania, Germany and America.
The price of properties in Limassol
Limassol has a better choice of apartments than Larnaca and Paphos, but prices tend to be higher with some high-rise apartments costing €3 million. However, a budget of €100,000 will get you a great two-bedroom property in Pissouri.
The cost of living in Limassol
Limassol is one of the more expensive areas to live in Cyprus, yet is still significantly cheaper than many other European countries such as the UK and Italy. The average costs without rent for a family of four is €2,731 and €775 for a single person. The price to buy an apartment in the city centre per square metre is €2,728 compared to €1,675 in Paphos.
Located on the eastern coast of Cyprus, Famagusta is a historic city well-known for its harbour and historic monuments. You’ll find many magical landmarks like amphitheatres, public baths, royal tombs and mosaics. It is a remarkably well-run ancient city with the local council doing work to preserve the city’s biodiversity, architecture and heritage.
What will you find in Famagusta?
There are many things to keep you busy in this city, with some parts assumed to be the inspiration for French novelist Alexandre Dumas’s book, The Count of Monte Cristo.
Key landmarks and points of interest in Famagusta include:
- The Monastery of St. Barnabas
- Othello’s Tower
- Famagusta Walled City
- Karpaz National Park
- Glapsides Beach
- Cyclops Cave
Entertainment in Famagusta
As a coastal city, Famagusta is home to many fresh seafood restaurants and authentic Mediterranean cuisine and the city is full of markets, coffee shops, nightclubs and bars. It has a younger population due to Famagusta being home to the Eastern Mediterranean University, one of the leading institutes in this part of the world.
The price of properties in Famagusta
Prices depend on what part of Famagusta you choose. Prices in the vibrant area of Ayia Napa start at €70,000 for an apartment or €300,000 for a villa. The busy resort of Protaras has three-bedroom villas with pools and sea views for around €495,000. Paralimni is a family-friendly modern neighbourhood with beautiful homes equipped with gardens, pools and plenty of shops, coffee houses and bars. Homes in Paralimni cost around €50,000 and €140,000 for a two-bedroom villa.
The cost of living in Famagusta
Famagusta is one of the most low-cost cities of the four we have mentioned in this guide. The price per square metre in the city centre is a low €863, almost half of the prices in Paphos and a quarter of the prices in Limassol.
For a complete change in pace, Larnaca is a relaxed traditional town offering a slower pace of life away from the bustling tourist spots. It’s a beautifully compact city that still offers everything you should need including a city centre beach, ancient monuments and fascinating architecture. The city boasts serene coastal views, some of the best beaches in Cyprus and has a large expat community, popular among Brits and Scandanavians.
What will you find in Larnaca?
It’s a popular place for those looking to buy second homes because of its sleepy lifestyle and lower numbers of tourists while still offering plenty to do.
The main attractions include:
- Agios Lazaros Church
- Mackenzie Beach
- Larnaca Salt Lake
- Zenobia Wreck
- Emira Pottery
- Larnaca Medieval Castle
- Larnaca Marina
The price of properties in Larnaca
Larnaca is another location that has significantly cheaper prices than other major cities in Cyprus and you’ll be able to find lovely bungalows or small villas for €150,000. Apartments are cheaper starting at €75,000 for a great two-bedroom property.
The cost of living in Larnaca
Larnaca is also one of the cheaper cities in terms of cost of living. You can expect a monthly average cost of €2,390 for a family of four and €684 for a single person. It’s slightly more expensive than Famagusta, coming in at €1,575 per square metre.
Finding the right location in Cyprus will depend on factors such as lifestyle and budget. If you’re looking for a slower pace than Larnaca may be the right spot for you, whereas Famagusta and Limassol are much more lively, providing great nightlife options and plenty of modern luxury apartments and villas. Take your time to research each location and scout out any properties you think you’ll really love. It’s well worth visiting any potential cities to see which one feels like the right fit for you.
OfferPal: Helping you find your ideal international property
is a search engine working with local and international estate agents to help match individuals with their dream property abroad. We list properties in a variety of beautiful countries including Cyprus, Spain, Malta, Portugal, Thailand, Costa Rica and many more. To find out more and to start browsing properties, today.
Thank you for your enquiry.
An agent will contact you shortly.