Cyprus has long retained the interest of investors as a country for relocation or investment. Since the beginning of 2022, there has been a steady increase in the number of sales - both of houses and apartments in Cyprus. In total, 5,258 transactions were completed in the first quarter, totaling over 1.27 billion euros. A simple calculation will allow you to derive the average cost of a real estate transaction in Cyprus - that would be 241 thousand euros.
Most often, investors want to buy a house in Cyprus in one of the major cities of the island. Most transactions in the first quarter of this year were made in the cities of: Limassol (1581 contracts totaling 573 million euros), Nicosia (1574 contracts totaling 313 million euros), Paphos (887 contracts totaling 186 million euros) and Larnaca (958 contracts totaling about 145 million euros).
Real estate sales statistics in Cyprus, compiled by the Cyprus Property Registration Board, indicate that in the first quarter of 2022, apartments began to be more popular on the island than houses with plots.
Real estate in Cyprus attracts investors for many reasons: the proximity of the sea, the Mediterranean climate of the island, comfortable for living all year round, development opportunities in IT-spheres, tax benefits, flexible conditions for obtaining a residence permit, a modern banking and legal system, a high level of education.
Buying a property in Cyprus for investors with a good start-up capital is a realistic procedure. More details about the purchase procedure in the link: https://www.grekodom.com/article/purchase-process-of-real-estate-on-cyprus
In any case, at the moment, a wide market of offers is available to buyers. However, given the increase in demand, the best real estate options in Cyprus quickly disappear from the offers. You can get acquainted with all the offers in the link: https://www.grekodom.com/Cyprus