The Greek dream: what and where to buy property in Greece

Geography, climate, economy, property and infrastructure are the five anchors that consistently keep Cyprus on the list of the best cities for high quality of life. Architecture is another advantage, for it is a palette of Roman heritage, British urbanism and Mediterranean relaxation. Demand for property is on the rise: in the last three years, Cyprus’ residential transactions have increased by 26% and residential investment by 34%.

In the article we will tell you about the most attractive cities of the country where you can live comfortably.

Limassol – financial motor and comfort all year round

Limassol is leading the way as the most balanced city. It is home to European schools, offices of international companies and business incubators and forms the core of the Republic’s business activity.

The central district of Agios Nikolaos offers premium apartments with access to yacht marinas. At Limassol Marina, a square metre costs from €4,800. The districts of Pantheia and Germasoya form a more affordable middle segment.

The climate is stably warm: winter – about +15, summer – +30, humidity – no higher than 65%. The best cities in Cyprus for living are always based on the climate as a basic criterion, and in this aspect Limassol is the leader.

Paphos is one of the best towns in Cyprus to live in

Paphos plays by the rules of visuals and aesthetes. UNESCO archaeological sites, upland villas, premium developments in the west of the city. The highest density of luxury housing outside the capital. The districts of Peyia and Tala offer private residences from €400,000.

The city is listed as one of Europe’s cultural centres, investing in tourism and expanding port infrastructure. The beaches are Blue Flag certified and there are 320 days of sunshine a year.

Cyprus property prices are rising slowly but steadily: +4% in the last 12 months. Paphos is one of the best cities. For those who appreciate the balance between privacy and everyday life.

Larnaca – a strategic hub and an affordable alternative

Larnaca becomes a new player in the ranking of ‘best cities in Cyprus to live in’ thanks to infrastructural investments. The airport with international traffic, the rapidly developing Larnaka New Marina area, a €1.2bn project.

The property market is active: the cost of housing in the area of Drosia – from € 2,000 per square, in the tourist area of McKenzie – from € 3,200. The area is convenient for families, with a compact town structure, schools, parks and proximity to the beaches.

Larnaca offers a quieter but no less fulfilling lifestyle. User reviews point to the combination of quality service and moderate prices: coffee in the centre – €2, lunch – €10-12.

Nicosia – the capital and a mosaic of cultures

Nicosia is the only city in Europe with a divided capital. The southern part belongs to the Republic of Cyprus. The northern part is controlled by the unrecognised Northern Cyprus. This geopolitical peculiarity makes Nicosia not only a symbol, but also a place of contrasts.

The capital is actively developing the IT-cluster. There are programmes to support start-ups here. Housing rent is lower than in Limassol – from €650 for a one-room flat. Investors choose the resort to buy commercial property – 12% annual yield on new projects in the Strovolos area.

The best cities in Cyprus to live in include Nicosia as a centre for education and career opportunities. The climate is more continental – up to +38 in summer and around +10 in winter.

Ayia Napa – a resort in the style of “eternal summer”

Ayia Napa is a paradise for the tourist sector and rentals. The average hotel occupancy rate is 88% in summer, 60% in spring. It is a magnet for short term rental investments. Apartments near Nissi Beach rent for €100-150 per day.

The local authorities are developing a year-round resort: they are building indoor water parks, sports centres, developing gastronomic infrastructure. Out of season, the resort remains cosy: cafes are open, rent drops to €700 per month for a 2-bedroom flat.

Ayia Napa will suit those who consider the best cities in Cyprus for living from the point of view of short-term profit and holidays.

Northern Cyprus: an alternative outside the EU

It remains a territory with a special status. Despite the political non-recognition, the flow of buyers is steadily increasing, mainly due to low prices and flexible conditions for transactions. A square metre here costs from €1,000 in the areas of Famagusta and Kyrenia. Rental income – up to 9% per annum. Investors choose this region as a starting point for portfolio investments.

Living here is different from the rest of the Republic – less bureaucracy, lower taxes, more flexible market. The temperature in January rarely drops below +12, in summer it stays around +33. The best cities in Cyprus for living are often considered in a bundle. The main housing is in the Republic, investment housing – in the northern part of the island.

The best cities in Cyprus to live in: summarised in facts and figures

Cyprus is an island of opportunity, with each resort offering a different lifestyle. From high-end businesses to secluded holidays by the sea. Here you can find the perfect place to suit your goals. When choosing a city, it is important to consider not only the cost of living, but also the infrastructure, career prospects, level of service and atmosphere.

The choice depends on your priorities: business – Limassol, culture – Paphos, budget – Larnaca, career – Nicosia, rent – Ayia Napa.

Advantages of the resorts:

1. Limassol: headquarters of international companies, international schools, premium housing, business infrastructure.
2. Paphos: UNESCO heritage, luxury villas, developed tourism, silence and comfort.
3. Larnaca: international airport, democratic prices, proximity to the sea, active development.
4. Nicosia: business centre, affordable housing, strong IT sector, metropolitan status.
5. Ayia Napa: ideal for rent, resort life, developed infrastructure for holidays.

Each of these cities offers different price levels, rhythm of life and growth prospects. The right choice will not only help you improve your quality of life, but also create a base for professional and personal development. The resort remains one of the most balanced relocation destinations in Europe.

Conclusion

Cyprus maintains stable conditions for obtaining a residence permit through investment. The minimum threshold is from €300,000 in property. The demand for housing remains high: the demand for secondary housing increased by 12%, for new buildings – by 18%. Beaches and the sea remain arguments. The best towns in Cyprus for living retain access to coastal areas. The Republic guarantees security, economic stability and Europeanised law.

On an island where the sun shines 340 days a year and taxes don’t warm the air any more than necessary, powerful reasons to invest in Cyprus property have developed. Financial rationality is combined with European comfort. The benefits are not advertised here – they are proved by figures, stability and concrete stories.

Taxes that don’t squeeze

The Cypriot tax system for investors is characterised by simplicity and predictability. The capital gains rate on the sale of properties is 0% if the property is not a business. Corporate tax is 12.5%, one of the lowest in the EU.

The absence of inheritance tax and exemption from dividend tax for non-residents reinforce the benefits of property investment in Cyprus. This tax architecture allows not just to preserve capital, but to systematically increase it.

Liquidity and price growth

The island has seen a steady rise in prices, with over 45% since 2016 in popular areas including Limassol, Nicosia and Paphos. The reasons to invest in residential property are reinforced by limited supply, especially on the coast, and demand from EU and Middle Eastern nationals.

High liquidity is ensured by an active domestic market and attractiveness to foreign buyers. Properties in central locations are renting for 5-7% per annum. With the right choice, the asset turns into a source of stable income, not just a worthwhile asset.

Rental yield and commercial potential

Commercial properties in Cyprus offer yields of up to 8-10% per annum, especially in Larnaca and Ayia Napa, where tourist and logistics areas are developing. Long-term leases provide stable payments, short-term leases maximise returns in season.

Reasons to invest in residential or commercial property include rental potential. Major IT companies relocating after 2022 have created demand for offices and premium accommodation. Especially in Limassol, which has become known as the “Silicon Quay”.

Permanent residence through purchase: an easy way to the EU

The way into the European legal framework is through permanent residence in Cyprus through property investments. The minimum threshold is €300,000 in a new building. The term of registration – 2-3 months. The residence permit is valid indefinitely, subject to retention of ownership of the property.

This mechanism does not require passing exams, language skills or permanent residence. The purchase provides status and peace of mind, especially against the background of unstable regions. Reasons to invest in Cyprus property include this tool of legal, predictable migration traffic.

Safety

The safety of life in Cyprus exceeds the European average: the crime index is 36 out of 100, similar to the Czech Republic and Austria. The streets of Larnaca and Paphos remain calm even at night. Crime news here is as rare as rain in August.

This is an important factor for investors, especially family investors who are considering relocation or long-term rentals. Confidence in the future and the safety of the asset is part of why the market is stable and attractive.

Sustainable market and openness to foreigners

The property market shows stability: even in the crisis years there was no collapse. Foreigners account for up to 30% of buyers, and in some regions – more than 50%. Registration of transactions is under the control of the Land Department, which excludes fraud.

The reasons to invest in Cyprus property are strengthened by the transparency of legislation, the absence of double taxation with a number of countries and clear rules for non-residents. This market is not just open, it invites mutually beneficial co-operation.

Infrastructure, medicine and comfort of everyday life

Health care offers a European level of service with a flexible choice between the public and private sectors. Private clinics in Nicosia, Limassol and Paphos are included in international accreditations, providing services in English, Greek and Russian.

The GESY system covers all residents and residence permit holders, providing access to a wide range of specialists. The average cost of an appointment is €15-20, making treatment affordable while maintaining quality. This reinforces the reasons to invest in Cyprus property for long-term residence and rental accommodation for families and retirees.

Cyprus property: income, status, protection

The benefits of asset ownership are not limited to returns. The investor receives not only profits, but also currency protection, multi-access to EU jurisdictions and a reputational asset. Property becomes an instrument of financial and personal security.

Investments in premium apartments, villas by the sea or boutique hotels demonstrate a return on investment of 8-11 years with a competent management model. New complexes in Larnaca and Paphos offer an option with guaranteed returns and turnkey management. A loyal tenant base is being formed due to the high standard of living and the region’s status as an international relocation centre.

Cyprus market open to new formats

The market is constantly adapting to new demands. After 2022, segments have become more active: digital offices, flexible spaces, properties for expats. This renews the reasons to invest in residential property, especially when choosing a commercial destination.

Construction companies are offering deferred payment terms, lowering the starting barrier to entry. Government measures to digitalise transactions and introduce green certificates increase the attractiveness of a new fund. Projects aimed at energy efficiency and autonomy – the trends of the coming years – are emerging.

Reasons to invest in Cyprus property: summarise

The way of investing in facilities combines financial efficiency with the comfort of living. The key advantages of investing in the housing market are concentrated in specific benefits:

1. Taxes are low, plain and simple.
2. Permanent residence permit – can be issued without bureaucracy and is valid indefinitely.
3. Yield – 5-10% per annum depending on the type of lease.
4. The market is steady, with prices predicted to rise.
5. Liquidity is high due to demand from foreigners.
6. Safety is above the European average.
7. Health care – European quality, including the private sector.
8. High standard of living – average life expectancy is 82 years.
9. Property in Cyprus for foreigners – no restrictions on purchase.
10. Pros of buying property in Cyprus – legal transparency, protection of rights.

This combination of factors makes island property an asset that is resilient to crises and fluctuations. With the right strategy, investments bring not only income but also strategic advantages.