Cyprus Property: A Paradise for Foreign Investors

Cyprus, the pearl of the Mediterranean, has become an incredibly attractive destination for foreigners to buy property in recent years.

From 2021 to 2024, more than 37,000 properties have changed hands with foreign buyers, indicating a strong and sustainable interest in the Cyprus market. But what exactly attracts foreigners, and which cities are the most popular? Let's find out.

One of the main reasons for such excitement is the possibility of obtaining permanent residence in Cyprus by investing in real estate. An investor who purchases one or two primary properties for an amount of €300,000 or more receives the right to permanent residence.

Moreover, there is a potential for return on investment in just 5 years, making this investment not only attractive in terms of comfort and relaxation, but also in terms of financial benefits.

The UK leads the way among overseas buyers. The British are actively investing in property all over Cyprus, demonstrating a steady interest in the island. Russia is in second place, followed by Israel, Greece and Lebanon. Let's take a closer look at the popularity of the cities:

• Nicosia (Lefkosia): The capital of Cyprus, rich in history and university life, attracts both the British (1,584 properties) and Greeks (1,626 properties), who occupy the leading positions among buyers. Australians are also showing interest in Nicosia (545 properties).
• Limassol: The economic and port center of Cyprus, attracts primarily Russians. The British (1,840 properties) and Israelis (1,154 properties) are also actively buying property in this dynamic city.

• Paphos: A UNESCO World Heritage Site, renowned for its beauty and historical significance, the British set a record here, purchasing 4,483 properties. Russians (1,563) and Israelis (1,291) are also active in shaping the Paphos property market.
• Larnaca: The third largest city in Cyprus, with an international airport, is convenient for those who value proximity to transport infrastructure. The British purchased 2,743 properties here, followed by the Lebanese (1,744) and Israelis (1,406).
• Famagusta: An ancient city on the east coast of Cyprus, Famagusta is also attracting the attention of foreign investors. The British bought 1,182 properties here, which is a significant part of the total number of transactions (2,000 properties).

Do you want to become part of this success story? Do you want to enjoy the Mediterranean sun while investing in reliable and promising real estate? You can choose a proven property in Cyprus, for example, using the Mercury Group catalog. Don't miss the opportunity to make your dream come true - Cyprus is waiting for you!