Cyprus has been ste­adi­ly attrac­ting real estate inves­tors for many years. The real estate mar­ket in both North and South Cyprus has been gro­wing ste­adi­ly, offe­ring inves­tors excel­lent oppor­tu­ni­ties to diver­si­fy their invest­ment port­fo­li­os. In this artic­le, we will explo­re the cur­rent trends in the Cyprus real estate mar­ket and the most popu­lar are­as for real estate invest­ment in both North and South Cyprus.

Cur­rent Trends in the Cyprus Real Estate Market

The Cyprus real estate mar­ket is vibrant, with a wide ran­ge of pro­per­ty types and pri­ces available for both local and inter­na­tio­nal buy­ers. In recent years, the real estate mar­ket in both North and South Cyprus has been gro­wing ste­adi­ly. This growth can be attri­bu­ted to seve­ral fac­tors, inclu­ding the country’s favorable tax laws, a sta­ble poli­ti­cal and eco­no­mic envi­ron­ment, and the island’s natu­ral beauty.

Impact of COVID-19 on the Cyprus Real Estate Market

The COVID-19 pan­de­mic has also had an impact on the Cyprus real estate mar­ket. Many inves­tors have tur­ned to real estate as a safe-haven invest­ment during the pan­de­mic, and Cyprus has been no excep­ti­on. The pan­de­mic has also led to an increase in remo­te work, which has made the island more attrac­ti­ve to for­eign inves­tors who are see­king a war­mer, sun­nier loca­ti­on to work from.

Popu­lar Are­as for Real Estate Invest­ment in South Cyprus

In South Cyprus, the most popu­lar are­as for real estate invest­ment include Nico­sia, Lima­ssol, and Paphos. Nico­sia, the country’s capi­tal, is a bust­ling city that offers a ran­ge of com­mer­cial and resi­den­ti­al pro­per­ties. Lima­ssol, loca­ted on the south coast, is a modern and cos­mo­po­li­tan city that has seen signi­fi­cant deve­lo­p­ment in recent years. Paphos, loca­ted on the west coast, is a more tra­di­tio­nal city that offers a ran­ge of pro­per­ties, inclu­ding his­to­ric homes and modern apartments.

Popu­lar Are­as for Real Estate Invest­ment in North Cyprus

In North Cyprus, the most popu­lar are­as for real estate invest­ment include Kyre­nia (also known as Gir­ne), Fama­gus­ta, and Nico­sia. Kyre­nia, loca­ted on the north coast, is a pic­tures­que har­bor town that is popu­lar with tou­rists and expats ali­ke. Fama­gus­ta, loca­ted on the east coast, is a his­to­ric town that offers a ran­ge of pro­per­ties, inclu­ding vil­las and apart­ments. Nico­sia, which is loca­ted in the buf­fer zone bet­ween North and South Cyprus, offers a ran­ge of com­mer­cial and resi­den­ti­al properties.

The Cyprus real estate mar­ket offers excel­lent oppor­tu­ni­ties for both local and inter­na­tio­nal inves­tors. With a ran­ge of pro­per­ties available in both North and South Cyprus, inves­tors have ple­nty of opti­ons to choo­se from when loo­king for a real estate invest­ment oppor­tu­ni­ty. The island’s natu­ral beau­ty, favorable tax laws, and sta­ble poli­ti­cal and eco­no­mic envi­ron­ment make it an attrac­ti­ve place to invest in real estate.