Cyprus Real estate market

Tourism has always been the backbone of Cyprus’s growth, with its “sun & sea” branding playing a pivotal role in drawing tourists. Recognizing this, the Cyprus government is now focusing on promoting tourism throughout the year and enhancing what Cyprus has to offer.

In the realm of real estate and construction, these sectors accounted for 16% of the Gross Value Added (GVA) in 2022. The industry has witnessed a robust recovery since 2013, largely fueled by external demand.

Value of Transactions (€ millions)

Properties with a value €1.5 M

76%

Limassol continues to dominating the way in transactions >€1 million

83%↑

Transactions has doubled in Paphos and Limassol between 2021 – 2022

Investment benefits

Zero

Inheritance Tax

Zero

mmovable Property Tax

Zero

Transfer Fee (if subject to VAT )

5%

Vat Incentive (On first Property)

Download Brochure