Cyprus real estate market for 2022

In 2022, there were 22,129 real estate purchase transactions in Cyprus for a total of 5.85 billion euros. The most popular property was in Limassol (6945 transactions in 2022). Next in popularity are Nicosia (6237 sold objects), Larnaca (4160 transactions), Paphos (3593).

Foreign citizens actively bought apartments in Limassol in order to obtain permanent residence in the country. You can get permanent residence status within 2 months when buying primary real estate in the amount of 300 thousand euros. If you decide to buy property in Cyprus, we advise you to hurry up, because. very soon the rules for applying a preferential VAT rate of 5% (instead of the standard rate of 19%) when buying a primary property will be changed.

Benefits of permanent residence in Cyprus by investment

The status of permanent residence is received by relatives of the investor, including spouse, parents and children.
It is not necessary to permanently reside in Cyprus - it is enough to visit Cyprus twice a year.

Soft tax regime. No income taxes in other countries, no income tax, income tax and inheritance tax.
Opportunity to obtain Cypriot citizenship in five years