Cyprus: rising property prices and new opportunities for Investors

The Cyprus property market continues to show steady growth.

According to the quarterly report by RICS Cyprus and KPMG, house prices in the country continue to rise.

Apartments: The most dynamic segment of the market. Over the year, apartment prices have increased by 6.3%.

Houses: House prices also demonstrate positive dynamics, having risen by 2.89% over the year.

Warehouses and offices: Warehouse and office prices have increased by 1.77% and 2.41%, respectively.

Apartments and holiday homes: On average, prices have increased by 3% compared to Q2 2023.

Yield: Apartments and offices have become the most attractive assets for rent.

Regional trends: Nicosia has seen a steady increase in property prices, especially houses. In Limassol and Larnaca, prices have decreased slightly.

Cyprus offers a permanent residence permit (PR) program for investment in real estate. This attracts investors from all over the world who want to gain access to the benefits of the European Union.

Requirements for PR:

• Purchase of real estate worth at least €300,000.
• Meeting the financial solvency requirements.

Advantages of permanent residence in Cyprus:

• The opportunity to live and work freely in Cyprus.
• Access to banking services of European banks.
• The prospect of obtaining Cypriot citizenship after 5 years of residence on the island.

Looking for reliable investment offers? In our catalog you will find a wide selection of verified real estate in Cyprus. Filter offers by price, type of property and other parameters to find the ideal option for yourself.

Want to learn more about obtaining permanent residence in Cyprus through investment in real estate? Contact the experts at Mercury Group — we will be happy to answer all your questions and help you make the right choice!