Cyprus property investment residential, commercial or tourism sector

Anastasia Taran
Head of Corporate Services
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инвестиции в недвижимость Кипра 29 06.2023

Cyprus offers a wide range of properties to suit different budgets and needs, including residential, commercial and tourist properties.

In this article, we’ll take a look at each of these categories to see which one might be the most beneficial for you.

Residential Properties

Buying a residential property in Cyprus is quite a promising investment, offering several profitable opportunities.

First, the purchase of residential property in regions with high rental demand can provide a stable and long-term rental income.

With regard to rental statistics, in the first quarter of 2023 (compared to the first quarter of 2022), the rent in Cyprus increased as follows: for apartments – 19% and for houses – 12.2%.

Secondly, when planning a move to the island for living, buying a residential property in Cyprus is also a profitable investment decision.

Buying your own property in Cyprus can provide you with stable and comfortable housing, as well as the possibility of obtaining permanent residence in Cyprus through investment programs. When buying real estate from 300 thousand euros, the investor and his family members will be able to obtain permanent residence in Cyprus without the need for permanent residence in the country.

The residential real estate market in Cyprus is quite diverse and includes the following options:

  • Apartments in cities or resort areas are often the preferred option for investors who are looking for properties to rent out or buy as a second home.
  • Villas and townhouses that offer space and can have a private pool and sea views. This is an attractive option for buyers who are looking for spacious and luxurious housing for the whole family or who want to invest in prestigious properties with a profitable resale.
  • Private houses in residential areas and gated communities are most suitable for families when planning to move and live in Cyprus.

Commercial real estate

Cyprus also offers many opportunities for investing in commercial real estate.

Currently, investments in office space such as business centers in Cyprus represent one of the most profitable commercial real estate investments.

The growing influx of international companies deciding to relocate their business to Cyprus is creating an increased demand for quality office space.

Investment in office space in Cyprus can provide a stable and long-term income, especially in key business centers such as Nicosia, Limassol, Larnaca and Paphos.

According to the latest data from the Cyprus branch of the Royal Institute of Chartered Surveyors (RICS), in the first quarter of 2023, the largest increase in prices was observed for office space. Prices for offices in Cyprus increased by 9.63%.

High demand for modern office space from international companies creates opportunities for stable rental income growth.

Read more – Profitable investment in commercial real estate in Cyprus

Tourist property in Cyprus

Cyprus develops tourism infrastructure and attracts the attention of international guests, which creates a favorable environment for the development of the hotel business.

Investing in hotels or hotel rooms in Cyprus can be profitable given the growth of the tourism industry on the island.

In the first quarter of 2023, Cyprus attracted a huge number of tourists, according to a report from the Statistical Office of Cyprus. During this period, 393,893 tourists arrived on the island, which is 61% more than in the same period in 2022.

The increase in the number of tourists indicates that foreign citizens consider Cyprus as a safe and attractive holiday destination.

Accordingly, the growing flow of tourists requires more places to stay, which increases the demand for hotel services.

This also creates a favorable situation for investors considering opportunities in tourist real estate on the island.

Buying hotel complexes or hotel rooms in Cyprus can be a profitable investment with high potential for rental income or the prospect of resale in the future.

Feod Group Services

Feod Group recommends seeking legal assistance when starting the process of purchasing real estate in Cyprus!

Our lawyers will provide you with comprehensive legal support and advice from the very beginning, even before you make a deposit or reservation payment, and will continue to assist you until you receive title to your property.

Our services are focused on providing clients with comprehensive legal protection:

  1. Legal verification of real estate:
    Cypriot lawyers and lawyers of our company conduct a thorough legal review of real estate, guaranteeing clients the legal transparency of transactions, compliance with quality standards and client requirements.
  2. Providing immigration services:
    We provide full support in obtaining immigration statuses in Cyprus, including permanent residence by investment and business immigration programs.
  3. Corporate and tax planning:
    Our team of experts provides corporate and tax planning advice, helping clients optimize the taxation of their business projects and investments in Cyprus.
  4. Starting companies:
    Our lawyers provide full support during the process of registering companies in Cyprus, including preparing the necessary documents and ensuring compliance with all legal formalities.

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