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The best cities in Cyprus to move to: where to live and buy property

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Cyprus is invariably associated with sun, sea and the Mediterranean lifestyle – that’s where conversations about the island usually begin. But when it comes to such a big step as emigration, emotions and beautiful views give way to rational analysis. Choosing a new home is based on specific factors: economic opportunities, infrastructure, quality of life and long-term prospects. The best Cypriot cities to relocate to stand out because they successfully combine an attractive lifestyle with these pragmatic advantages.

Limassol: property is an engine, not a ballast

Limassol has long since moved beyond the confines of a seaside resort. It has moved into the league of cities with integrated investment architecture. There is a port, IT hubs, international schools, British lawyers, a billion-euro marina, and Monaco-like neighbourhoods. The city doesn’t live by the sea – it makes money from it.

The average cost of property in Cyprus in Limassol – 3000 €/m² in new buildings. One-bedroom apartments rent from €1000 per month. The infrastructure supports the needs of expats: private clinics, international supermarkets, English-speaking schools and business incubators. An intersection point for EU, Israeli and CIS business interests. Limassol most often tops the rankings as one of the best cities in Cyprus to relocate to. Suitable for entrepreneurs and specialists in digital industries.

Nicosia: a contrast where logic triumphs over romance

The cities of Cyprus for Cohabitation are not necessarily by the sea. Nicosia is the inland capital. Without beaches, but with main authorities, banks, universities and business centres. It integrates the Greek and Turkish parts – economically and logistically. Human resources, contracts, consultancy are concentrated here.

Moving to Cyprus with a career in mind often leads to Nicosia. Programmers, lawyers and finance specialists receive here offers above the market average. Salaries from 2000 € per month for qualified workers are no longer a rarity. The infrastructure is large-scale: dozens of business centres, courts, universities and state institutions.

Nicosia is a special case where the best cities in Cyprus for relocation include a place without a beach but with maximum functionality.

Larnaca: stability without pathos

A city without sharp media glitz, but with a clear logic for life. There’s an airport, a business park, embankment reconstruction and the largest port development project. The number of expats has grown by 20% in the last 5 years. There is an atmosphere of predictable comfort here.

Property in Cyprus in Larnaca costs on average 1900-2200 €/m². Rent from 600 € for modest flats. The city offers good value for money and convenience. Schools, shops, hospitals are within walking distance. Road and traffic loads are less than in Limassol and Nicosia.

The best cities in Cyprus to relocate to include Larnaca. It is the best choice for families, young professionals and those who choose sustainability over hype.

Paphos: archaeology, tourism and a comfortable rhythm

A city with a history of 3000 years. Archaeological parks here are adjacent to residential complexes, and beaches – to developed medical clinics. The tourist, medical and pension sector is actively developing here. The crime rate is the lowest on the island.

The climate is mild Mediterranean: in summer – no higher than +32 °C, in winter – from +12 to +18 °C. The infrastructure supports year-round life, not just seasonal tourism. Property – from 1600 €/m². Suitable for older expats, creative professionals and freelancers.

Paphos is listed as one of the best towns on the island due to its history, safety and affordable cost of living in a stable environment.

Ayia Napa: seasonal but with potential

A city with a dual nature. In summer – a noisy resort with clubs and crowds of tourists. In winter it is a quiet place with empty beaches and a measured life. It is not suitable for everyone, but it attracts investors. Here – high yields from short-term rentals. Buying a property – from 1800 €/m², with a profit of 6-8% per annum. It is actively rebuilding the model – from tourism to year-round life. International schools are being developed, roads are being improved, and new residential clusters are being created. Over the last three years, construction volumes have increased by 27%.

Ayia Napa is an unconventional candidate in the list of the best cities in Cyprus to move to. It is this unconventionality that makes it attractive to investors and early movers.

How to choose among the best cities in Cyprus to relocate to

Choosing a place to live or invest requires a systematic approach. Each city on the island offers a specific set of advantages for permanent residence. But the decision point depends on specific factors: prices, infrastructure, jobs, neighbourhood.

Criteria for choosing a city for permanent residence in Cyprus:

  1. Cost of living. Nicosia – minimum rental costs: from 500 €. Ayia Napa – seasonal price hikes. Limassol – the highest: rent and groceries are more expensive by 25-30% compared to other regions. Paphos and Larnaca keep the balance – about 750-900 € per month per person.
  2. Infrastructure. Limassol leads in the number of private clinics, fitness centres, educational institutions. Nicosia has the largest number of state institutions and business centres. Larnaca offers convenient logistics with a central airport, reducing costs and saving time.
  3. Work and employment. The IT sector is concentrated in Limassol and Nicosia. Pharmaceuticals and finance are developing in Nicosia. Tourism is the dominant industry in Ayia Napa and Paphos. Logistics, maritime transport and restaurant business are actively developing in Larnaca.
  4. Education. Nicosia has campuses of the University of Cyprus and the European University. British schools and colleges operate in Limassol. International schools in Larnaca and Paphos attract families with children.
  5. Beaches and climate. The coasts of Ayia Napa are consistently in the top 10 in Europe in terms of cleanliness. In Larnaca the beaches are gentle and convenient for children. Paphos offers locations with pebbles and rocks. The climate is mild throughout the island, but in the Troodos Mountains the temperature drops to +5°C in winter. Comfortable for those who cannot stand the heat.
  6. Expats and the neighbourhood. Limassol has over 50,000 registered foreigners – the largest community on the island. Paphos is predominantly British. Larnaca attracts Russians, Armenians and Ukrainians. Nicosia remains orientated towards career migrants.

Moving to Cyprus: figures, risks and arguments

Changing country no longer looks like an escape to the sea – it’s a conscious choice based on numbers. In 2023, property prices increased by 6.4%, especially in Limassol and Larnaca. Cities with stable economies – Limassol, Nicosia, Larnaca – show minimal risks.

Living expenses start from 1200 € per month for one. A family of three will need 2500-3000 €. In Cyprus, housing is available through the investment programme of residence permit from 300 000 € in new buildings or for rent with the right to buy. When choosing a city to move to, it is important to consider not only comfort but also everyday amenities. Access to schools, proximity to the airport, availability of clinics and year-round infrastructure.

The best cities in Cyprus to relocate to: conclusions

The list of the best cities in Cyprus to move to does not exist in a vacuum. It is alive and depends on the objectives: work, children, sea, investments. One person will be suited to Nicosia with its business pace and connections. Another – Paphos with its leisurely pace, medicine and views of the cliffs. Limassol will give scope and earnings, Larnaca – stability and logistics. Ayia Napa – niche profitability and non-standard rhythm. Cities of the island for permanent residence is not a matter of taste. It is a choice of strategy. And the winner is the one who counts in figures, not in dreams.

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The sunny postcard island has transformed into a stable financial jurisdiction with developed infrastructure, transparent rules for property acquisition and attractive tax conditions for investors. How to use these advantages and buy property in Cyprus without risks, with full transparency and guaranteed income? This question has come to the fore in 2025. Unprecedented investment inflows, favourable regulatory changes and growing demand for new-format housing create unique opportunities. Making the right choices in this new reality requires reliable information, a sound strategy and an understanding of local nuances.

Key areas of focus: where to buy

Property investment in Cyprus is not limited to the capital – the regions offer different formats of yield, payback periods and demand. Location determines the strategy: from stable corporate demand in Limassol to seasonal profitability in Ayia Napa. Each city forms its own investment profile based on infrastructure, tourism and development. The breakdown by destination allows you to more precisely select the entry point for your target – rental, capitalisation or personal residence.

Limassol

A city with a business reputation. Demand from international companies consistently maintains a high price level. In the centre from 3,000 €/m², on the outskirts from 2,100 €/m². The nearest completion of major projects is the third quarter of 2025.

Paphos

The cultural capital of the island. Interest in villas in the mountain zone has intensified: properties from 350,000 euros with a guaranteed yield of 4.8% per annum when rented out. Property in Cyprus here is formalised through a local lawyer, a contract and a 10% deposit reserve.

Ayia Napa

Paradise for short-term rentals. 70% of investors choose properties within 300 metres of the beach. The average yield is 5.5%. Current projects are studios up to 50 m² with prices starting from 140,000 euros.

Larnaca

A city with growth potential. The new harbour and the tourist area have boosted the market. New buildings from 1 900 €/m². How to buy a property in Cyprus in Larnaca – through a certified agency with a local licence, with the participation of a legal representative.

How to buy property in Cyprus in 2025: algorithm

The acquisition of a residential property requires strict adherence to procedures and the involvement of professional participants. Legislation simplifies the process but retains requirements for transparency of the transaction, especially for non-residents. The correct sequence of steps eliminates legal risks and ensures full ownership.

Action Algorithm:

  1. Site selection – analysing location, cost, profitability.
  2. Due diligence – verification of ownership and permits.
  3. Signing of the contract – the amount, payment schedule and responsibilities of the parties are fixed.
  4. Registration in the land cadastre – transfer of ownership.
  5. Authorisation – required for non-EU foreigners.

A lawyer provides supervision at all stages, including the application for authorisation and accompanying the registration.

Law and Taxes: What nuances are important to consider when purchasing

The financial side of the transaction goes beyond the value of the property – taxation and mandatory fees form the bottom line. Correct calculation and legal preparation exclude delays in processing and minimise fiscal risks.

The purchase is accompanied by the following fees:

  • stamp duty – 0.15-0.20 per cent;
  • VAT – 5% (first purchase), 19% for subsequent purchases;
  • capital gains tax on sale – 20%.

A foreigner applies for an acquisition authorisation through the Council of Ministers. How to buy property in Cyprus without refusals? – provide proof of source of income, purpose of purchase and visa.

Cyprus residence permit and permanent residence permit through the purchase of property

The Residence Permit for Investment in Real Estate programme remains unchanged: the minimum threshold is 300,000 euros (excluding VAT). The document is issued in 60 days when buying a new building.

The residence permit is obtained after 5 years of residence or 7 years for secondary property. How to buy a property in Cyprus and get a residence permit – it means to choose a new object, make full payment and provide proof of funds.

Leases and investment attractiveness

Properties up to 60 m² are available from €450 per month (long term) and from €70 per day (short term). The high season is from May to October. The average yield is 4-6% per annum.

How to buy property in Cyprus for rent – choose a region with developed infrastructure, tourist flow and a limited number of new buildings.

Investment trends

In 2025, purchases among families from Germany, Israel and the Czech Republic have intensified. The reasons are stable climate, English-speaking environment, transparent taxation. Large investment projects – Porto Limassol, Neo Plaza, Ayia Napa Marina.

How to buy property in Cyprus for investment purposes – invest in projects at the construction stage with guaranteed resale in 2-3 years. The average margin is 18-22%.

The pros of living in Cyprus

The comfort of the climate is combined with ease of living and access to European infrastructure. The island offers not only warm winters, but also a clear rental system with transparent rules. The advantages of living in the resort create a strong interest in the location for both residential and investment rentals.

Benefits:

  • The average annual temperature is 24 °C;
  • lack of central heating;
  • access to European schools;
  • security and tax transparency.

The rental income provides stable cacheflow:

  • Long-term rentals – up to 4% per annum in Larnaca;
  • short-term – up to 6% in Ayia Napa.

Property in Cyprus for foreigners

How to buy a property in Cyprus as a non-EU citizen? Formalise the purchase through a Cypriot lawyer. Citizens of the CIS, UAE, Israel and Canada participate in transactions with an international passport and income certificate.

Prices and the market: what the statistics show

The market is showing steady growth. Based on the results of the first quarter of 2025:

  • volume of transactions increased by 9.3%;
  • the share of foreign buyers was 41%;
  • The highest demand is for properties up to 400,000 euros.

Cyprus property prices vary from region to region:

  1. Limassol – from 3 000 €/m² (centre), from 2 100 €/m² (suburbs).
  2. Paphos – from 1 800 €/m².
  3. Larnaca – from 1 900 €/m².
  4. Ayia Napa – from 2 400 €/m² (coastal area).

How to buy property in Cyprus with an understanding of real prices? – Use Cyprus cadastre data and monitoring of new property developers’ projects.

Legal aspects: contract and property

The contract fixes the price, terms, settlement procedure and obligations of the parties. In case of breach of terms, the seller pays a penalty. A lawyer accompanies the transaction from signing to registration.
Ownership of the property is transferred after registration with the Land Department. The transaction requires a permit for non-residents. How to buy property in Cyprus and avoid mistakes – check the history of the object, debts, availability of all building permits.

Pre-purchase inspection

A thorough inspection protects against hidden encumbrances and speeds up title registration. A properly structured audit of the property allows you to avoid legal pitfalls and disputes after the purchase.

Before closing the deal, it’s important:

  1. Inspect the property for liens or litigation.
  2. Request an extract from the cadastre.
  3. Verify that a building permit is in place.
  4. Carry out an independent assessment of value.
  5. Check the legal cleanliness of the documents.
  6. Verify the licence of the agency or builder.
  7. Confirm payment of taxes and fees by the previous owner.

This approach reduces the likelihood of registration refusal and prevents possible financial disputes. Full verification serves as a guarantee of transparency of the transaction and confirms the legal status of the object.

How to buy a property in Cyprus: the main thing

The choice of location, legal due diligence, specialist support and knowledge of market realities form a safe and profitable purchase. Thus, successful investment requires a comprehensive approach and due diligence at every stage, which is the key to safeguarding your funds and achieving your goals.

Not every asset can work while the owner sleeps. Property in Athens can. It is such an investment that triggers the mechanism for obtaining a “golden visa” for Greece – one of the most stable residence permit programmes in Europe. Since 2013, the country has approved more than 30,000 applications, opening the door to the Schengen zone to investors from 90+ countries. It is not just a pass to the EU, but an instrument of strategic flexibility.

Basic conditions of the programme: who can receive it and for what investments

The programme grants a residence permit for a 5-year renewable period. The minimum entry threshold for participation is from 250,000 euros in real estate. From 2023 in some areas of Athens, Mykonos and Santorini – already from 500,000 euros. Despite price increases in certain areas, the starting amount of €250,000 has remained unchanged since 2013 for most regions, making the scheme one of the most affordable among EU programmes.

Greece’s “Golden Visa” is not just for the investor. The residence permit is extended to the family – spouses, children under 21 and parents of both parties. There are no additional payments and no additional investments.

Full list of investor and facility requirements

To obtain a residence permit under the Golden Visa programme, a number of legal, financial and technical conditions must be met, each of which is checked by the authorised structures before and after the purchase of the property. The programme does not require mandatory language skills, examinations or prior residence, but it does have clear requirements:

  • investment from €250,000 in property (subject to regional variations);
  • Having a legal income that proves the ability to make the investment;
  • No criminal record of the main applicant and adult family members;
  • International health insurance covering the stay in Greece;
  • the property must be habitable (even if there are no plans to move);
  • The sale and purchase transaction must go through a Greek notary with the obligatory verification of the cleanliness of the property;
  • funds for the purchase must be transferred from the applicant’s personal account;
  • the title must be registered in the mortgage registry.

Compliance with all these conditions guarantees the legality of the status and excludes the risks of cancellation.

The process of registration: from selection to obtaining a residence permit

The residency programme through investment is strictly according to the scheme. The procedure is clear: if all the requirements are met, the residence permit is issued in the shortest possible time. The step-by-step structure eliminates bureaucratic delays and ensures the legality of each stage.

Process steps:

  1. Opening a Greek bank account (possible remotely or through a proxy).
  2. Property selection (taking into account the minimum investment threshold and regional peculiarities). Prices in the suburbs of Attica, for example, start at €2,200 per square metre.
  3. Due diligence of the property and purchase. The registration goes through a notary, check the cleanliness of the object – mandatory.
  4. Collection and submission of documents for residence permit. You will need a standard package:
    • passport;
    • sales contract;
    • A bank statement confirming the transfer of funds;
    • proof of payment for the transaction;
    • health insurance;
    • photos;
    • proof of residence (address in Greece, even if formal). The document package is simple but will require translations, notarisation and apostille. The documents can be submitted in Greece or through the consulate.
  5. Passing biometrics. It is obligatory to be present in person at least once when submitting documents.
  6. Obtaining a residence permit. Temporary residence permit is issued in 20 days after submission, while the main document is usually issued within 2 months.

The transparency of the procedure and standardised requirements simplify preparation, especially when accompanied by a professional lawyer.

Advantages of the Golden Visa of Greece

There are quite a few of them:

  1. Freedom of movement within Schengen. The residence permit allows you to live, enter, leave and travel in Schengen countries without restrictions.
  2. There is no mandatory residency requirement. The programme does not oblige the investor and his family to actually reside in Greece. This also means that there is no automatic tax residency (unless residing for more than 183 days per year).
  3. Family inclusion. Status applies to spouses, children under 21, and parents of both parties with no additional investment.
  4. Comparatively low threshold of entry. The threshold of €250,000 makes the programme one of the most affordable in the EU (subject to regional variations).
  5. The opportunity to live, study and use services in the EU. A residence permit allows you to stay in the country legally, rent accommodation, use health care and open accounts in EU banks.
  6. Investment growth potential. Introduction to the Greek property market, which is showing steady growth.
  7. Pathway to Citizenship. Possibility to apply for citizenship after 7 years of legal residence in the country.
  8. A simple renewal scheme. The residence permit is renewed every 5 years if the investment (property) is maintained.

Limitations and important nuances

It is imperative to take them into account:

  1. Lack of access to employment. The residence permit does not entitle to employment. It is allowed to run a business or be a shareholder in Greek or European companies.
  2. Increase in property values in the most popular and investor-demanded areas (e.g. Athens city centre, Mykonos, Santorini), where the minimum threshold is higher.
  3. The opacity and nuances of renting in tourist areas may require professional management.
  4. Mandatory filing of documents through a notary increases the total cost of the transaction.
  5. Difficulties in opening a bank account may arise for citizens of some countries, including CIS countries, which requires the involvement of specialists.
  6. Children lose their residence permit status once they reach the age of 21, unless additional steps are taken to maintain their status.
  7. To apply for citizenship, actual residence in Greece (more than 183 days per year) for 7 years is required, as well as language skills and integration.

Real estate in Greece as an investment instrument

The Greek property market has shown steady growth, especially in recent years. Athens has seen significant price growth (+12% for 2023). In resort areas, properties can generate rental income of up to 7-9% per annum if well managed. Properties of 60-80 m² in areas adjacent to the centre of Athens (e.g. Marousi or Piraeus) remain the most popular among investors seeking a “golden visa”.

If the property is resold after 5 years, it is allowed to return the investment without losing the right to a residence permit. However, early sale of the investment property before the expiry of 5 years cancels the residence permit status for the whole family.

Taxes and tax residency in Greece

Financial planning under a Greek residence permit requires an understanding of the local tax system. It is important to distinguish between having a residence permit and being a tax resident. Tax residency generally occurs when you live in the country for more than 183 days per year.

Non-residents are taxed on rental property income in Greece on a progressive scale:

  • up to €12,000 of annual income – 15%;
  • from €12 001 to €35 000 – 35%;
  • over €35,000 – 45%.

Property in Greece is also subject to an annual tax (ENFIA). The rate depends on the type of property, its value and location, averaging between €3 and €5 per m² nationwide, but may be higher in central or prestigious areas of Athens and on the islands.

Residence permit validity period and renewal

The first residence permit obtained under the Greek Golden Visa programme is valid for 5 years. In order to extend it for the next 5 years, it is necessary to maintain the investment, i.e. to own the purchased property.

An important nuance: children who have obtained a residence permit together with their parents lose their status after reaching the age of 21, if no action is taken to formalise a separate basis of stay for them.

The path to Greek citizenship through naturalisation via a “golden visa”

Although the Golden Visa itself does not automatically entitle you to Greek or EU citizenship, it does open this possibility. It is possible to apply for naturalisation (citizenship) if you have resided in the country for at least 7 years.

Successful acquisition of citizenship requires not only compliance with the residency requirement (residence for more than 183 days per year), but also demonstration of integration: payment of taxes, knowledge of the Greek language (confirmed by examination) and general knowledge of Greek history and culture. Passports can also be obtained by the investor’s family members, including adult children, if they also fulfil these requirements (primarily residency and language skills).

Greece’s “Golden Visa” in the EU context: comparison with other programmes

Obtaining a Greek residence permit under the investment programme is not an emergency escape, but a planned strategy to ensure mobility and security. “Golden Visa” offers a balanced option for those who seek to secure capital, gain freedom of movement within Schengen and have a “reserve airfield” in the EU.

The programme compares favourably with some of its counterparts elsewhere in Europe:

  • the speed of processing and flexibility of requirements are superior to programmes in Portugal and Spain (especially before the recent changes in these countries);
  • Unlike Malta, Greece does not require non-refundable payments to public funds;
  • the Greek programme does not require a permanent or long-term stay in the country, unlike the programmes of Latvia or Bulgaria (although residence is required for citizenship).

The Greek state has steadily maintained its place among the top three EU countries in terms of the number of “golden visas” issued. There has been a steady increase in recent years, with over 2,800 applications in 2022 and around 4,000 in 2023. The main flow of investors comes from citizens of China, Russia, Turkey, Egypt and Lebanon, but interest from applicants from Eastern Europe is also growing.

Greece’s “Golden Visa”: the essentials

“Greece’s Golden Visa is a powerful tool for strategic flexibility and security. With the right approach, property investment generates income, greatly simplifies international logistics and provides a secure base in the European Union. Despite the rising entry threshold in certain regions, the programme remains highly popular due to its simplicity, transparency and predictability. These are the key parameters for those who are building a long-term architecture for their financial and personal security.