At the eastern edge of the Mediterranean Sea lies the beautiful island of Cyprus. It is an island rich in culture, proudly boasting over 9,000 years of history.
The Cyprus real estate market has historically been divided into the major urban centres of Nicosia, Limassol and Larnaca (primarily driven by local demand); and the seaside resort areas of Paphos and Famagusta, which are mostly driven by foreign demand, fuelled further by the countries efficient Golden Visa programmes.
Cyprus’ Golden Visa schemes are fast and efficient at granting a residency permit and second passport. Cyprus is a full member of the European Union and English is widely spoken on the island, meaning there are no language tests in order to qualify.
Cyprus’ housing market is gaining momentum, with both sales transactions and construction activity rising strongly.
This across-the-board housing market improvement is partly driven by Cyprus’ robust economic growth over the past three years, and is fast becoming a credible property investment destination, offering stunning properties with guaranteed returns.
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