Cyprus Property

The demand for Cyprus property has boomed and it’s easy to see why – a fabulous year-round climate, some wonderful beaches, great golf courses and family-oriented facilities....
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It’s one of Britain’s favourite holiday destinations and in recent years, demand for Cyprus property has boomed. It’s easy to see why – it has a fabulous year-round climate, some wonderful beaches, great golf courses and family-oriented facilities and English is widely spoken. Owning a property in Cyprus is also a dream that growing numbers of UK retirees are making a reality.
It takes around four hours to fly to this eastern Mediterranean island from the UK and flight options are numerous to one of its international airports. Among the favourite areas for overseas buyers of Cyprus properties are Paphos district, Larnaca district and Famagusta district.
Paphos has a number of quality golf courses, and properties on or near them are some of the most sought-after by foreigners looking to buy Cyprus property. Beach and rural property abound in the resorts and inland areas on the western coast. Larnaca’s property prices are somewhat less than the national average at present, though proposed improvements to the area make it potentially one of the most promising areas to invest in properties in Cyprus. Famagusta, in the southeast of the island, has some great beaches and lively resorts like Ayia Napa and Protaras.
For over thirty years, the country has been divided, and while there has been a recent push to promote tourism and buying property in North Cyprus, there is certainly a risk in investing in the Turkish-occupied region. However, buying property in south Cyprus is safe and easy. EU nationals can buy as much land as they like, but only one property in Cyprus at present.
A large British expat population already owns Cyprus properties and with few year-round destinations offering quite such a friendly welcome for UK buyers, their numbers look set to increase.
The Homes Overseas Guide to Buying Property in Cyprus has advice on the legal and financial aspects of buying Cyprus property, plus overviews and information on the process of buying property in Cyprus.
Some information contained herein may have changed since it was first published. Homes Overseas strongly advises you to seek current legal and/or financial advise from a qualified professional.