Cyprus is one of the most popular property destinations in Europe. Limassol and Paphos are among the most attractive cities for residential investment on the island. This is confirmed by the latest data on property sales. According to official statistics, Limassol and Paphos led the way in terms of the number of completed sales transactions in Cyprus in the first nine months of 2024.
Investors bought a total of 658 units in these cities. The interest in Limassol and Paphos is stable and not the first month. This trend is explained by a number of undeniable advantages that foreigners, in particular, enjoy when buying property in these regions of Cyprus.
The main advantages of buying property in Limassol and Paphos
Both cities offer many advantages, but at the same time have their own unique characteristics that can ultimately influence an investor's decision, depending on their personal preferences and property purchase objectives. Let's understand the strengths of each area.
Limassol is the main business and financial centre of Cyprus. The city is home to the offices of major international companies, banks and investment funds. Property in Limassol is characterised by stable price growth due to high demand. For those considering buying a home as an investment, Limassol is an excellent choice. Rents are high, especially for apartments and houses in new developments with sea views. The construction sector in Limassol has developed rapidly over the last 10 years.
Modern residential complexes are being built in the city, offering a high level of comfort: from swimming pools and fitness centres to concierge services and 24-hour security. Today, Limassol attracts expats from all over the world. The city is renowned for its multicultural environment and easy integration into the local community, making it a very comfortable place for foreign buyers to live. The city also hosts a wide range of cultural and entertainment events, from international festivals to concerts and exhibitions. If you like a dynamic lifestyle, Limassol is your city.
What makes Limassol interesting for investment:
- High profitability of residential property;
- A wide range of properties for sale and rent;
- Developed infrastructure;
- Large Russian speaking community;
- Availability of good beaches and sea;
- Ideal location to live or do business in Cyprus.
Buying property in Paphos is worth considering for those who like peace and quiet. The town has a slower pace of life than Limassol and is therefore more often chosen by couples, retirees and people who want to get away from the hustle and bustle of the city. Paphos is famous for its many green areas, clean beaches and magnificent sea views. Paphos is also a city with history and is a UNESCO World Heritage Site for its ancient monuments, archaeological excavations and ancient ruins.
Although the town is a popular tourist destination, it is not as crowded as Limassol, especially out of season. Living here creates a sense of seclusion and allows you to enjoy peace and quiet, which is particularly important for those who value privacy. But the main advantage is that property in Paphos is usually cheaper than in Limassol. At the same time, the cost of housing in Paphos is steadily increasing. Therefore, buying an apartment or a house in this region is very promising from an investment point of view.
What makes Paphos interesting for investment
- More attractive prices for renting and buying houses (on average 15% cheaper than in Limassol),
- The presence of an airport;
- Comfortable living with family and children;
- Rich history and many attractions;
- Developed infrastructure;
- Beautiful beaches and sea.
If you have been thinking about buying property in Cyprus for a long time, Limassol and Paphos are excellent choices.
Options for buying a home in Limassol and Paphos
1 bedroom apartment in Sunset Gardens, Limassol
Sunset Gardens is one of the most interesting and environmentally friendly developments in Limassol. The new residential complex is attractively located in the Zakaki area, between the City of Dreams Mediterranean casino resort and the Limassol Greens golf resort. Sunset Gardens is the first gated, multicultural area with low-rise buildings surrounding a huge 10,000m2 park. Thanks to this, the owners and residents of the apartments in the complex can enjoy life in complete harmony with nature, combining everyday life with sporting activities. And all this in the fresh air, in a breathtaking green paradise. The residents of the complex have at their disposal: swimming pools, basketball and tennis courts, private gym, mini-supermarket, business centre, café, small restaurant.
This 53 m2 apartment for sale in Sunset Gardens has a high quality finish and consists of a spacious lounge, open plan kitchen, 1 bedroom, fully fitted bathroom and a chic spacious veranda of 19m2. The apartment benefits from panoramic double glazed windows and high ceilings. There is also a private parking space for the owner of the Sunset Gardens apartment.
An apartment in Sunset Gardens is an ideal solution for both residential and investment purposes. It is also a sensible option for those who are tired of paying high rents in Limassol and are ready to move into their own home built to the highest standards for only €370,000.
Properties available for rent and sale in the Sunset Gardens
2 bedroom apartment in Art Square Residences, Limassol
The new Art Square Residences development is located in one of the most prestigious areas of Limassol. Catholic is a real find for those who have children. The area has an excellent infrastructure: there are schools and kindergartens, a gym, shops and restaurants, and the sea is only a 5 minute drive away.
Art Square Residences is an oasis of luxury and comfort, surrounded by greenery in a very quiet and secluded location. The complex consists of four apartment blocks. At the same time, the project has a small number of apartments, which guarantees the future owners a higher level of comfort. The complex has a large playground, fountains, landscaped gardens, communal swimming pool and underground parking.
The apartment we recommend for purchase at Art Square Residences has a surface area of 125 m2. It consists of an open-plan living room and kitchen, two bedrooms, a toilet and a bathroom. The apartment has a comfortable layout and, most importantly, a large terrace with great views of the surrounding area. An important point is that the apartment is thermally insulated, which means it stays cool in the summer and warm in the winter. Other undeniable benefits include hot water flooring, VRV air conditioning, solar panels for hot water, designer turnkey finishes. Finally, the price for such a high quality property is very attractive and ideal for obtaining a residence permit in Cyprus - 597 thousand euros.
Properties available for sale in Art Square Residences project
6 bedroom villa in Palisandro Hills, Paphos
Imagine waking up to the sound of birdsong in a luxurious villa, sipping a cup of Cypriot coffee, admiring the breathtaking panoramic views of the sea and mountains, and diving into your own private pool to cool off from the heat. The perfect image of life in Cyprus for hundreds of people can become a reality for you, as the villa at Palisandro Hills fits the description perfectly.
This 3 storey house of 469m2 is situated in a gated complex in the prestigious area of Peyia. At the same time it is far away from the hustle and bustle, in a quiet and secluded location. The project is characterised by modern architecture and beautiful design. In addition to the spacious rooms inside, the villa has a rather large terrace outside, where you can have loud parties with friends or watch the sunrise and sunset with your family, enjoying the incredible views.
The huge 2,341m2 plot has landscaped gardens, a cosy lounge area, swimming pool and car parking. Considering the characteristics of the house and its location, this is an extremely interesting offer at a very reasonable price of €2.8 million.
Properties for sale in Palisandro Hills
4-bedroom villa in Royal Bay, Paphos
Great location, great infrastructure, excellent design and comfort - that's how this property can be described in a nutshell. This modern home is part of the luxurious Royal Bay development, located on the beachfront in the Tomb of the Kings area. The project consists of 35 custom-built villas of seven different types and three blocks of luxury apartments. The development aims to be elite class. Residents have access to a swimming pool, gym, jacuzzi, playground and, of course, ample parking.
The villa itself has large, comfortable bedrooms and living room, fully equipped modern kitchen, staff room. The layout of the rooms in the building is impeccable. Key benefits include: high ceilings, smart home system and underfloor heating.
The house has a surface area of 430 m2 and the plot is 588 m2. The villa has a parking space, a beautiful landscaped garden, a private swimming pool and a barbecue area. For 4.3 million euros you can not only become the owner of a beautiful family home or a profitable investment, but also receive a permanent residence in Cyprus as a gift.
Properties available for sale in Royal Bay
1 bedroom apartment in Cypress Park, Paphos
Paphos is often referred to as the 'pensioners' town' and with good reason. Older couples from Europe, especially the UK, love to holiday here. Many of them buy property in the town. Cypress Park is one of the few developments on the island aimed at wealthy pensioners.
The complex is unique in Cyprus and is located in a quiet area of Geroskipou. The project is currently under construction. Once completed, the complex will offer 105 apartments of various sizes. Now interested investors have the opportunity to buy apartments in the early stages of the development, not only saving their money but also increasing it in the future.
For example, a one-bedroom apartment with a surface area of 53m2 is available for as little as €170,000. And you can work with an experienced architect to personalise the interior to suit you.
If you don't have the time, you can rely on the developer, who promises to finish to the highest standards using top quality materials.
In addition, residents will be able to count on 5-star services. A comfortable and modern infrastructure will be created for the convenience of the residents. There will be a café, a restaurant, a bar, a pharmacy and a shop. There will also be a security service and video surveillance, concierge service. Cypress Park will also have a licensed medical centre supported by Bluecross and St George - one of the leading and most trusted private hospitals in Paphos - with doctors and nurses on duty, ambulance service and 24 hour emergency response.
Properties available for sale in Cypress Park
Which city to choose?
The choice between Limassol and Paphos depends on the investor's objectives and the type of property they are interested in.
Limassol is more suitable for those who want to invest in highly liquid properties, receive a stable rental income and expect the value of the property to rise. This city is ideal for investors who focus on luxury housing and active business.
Paphos is attractive to investors with a more modest budget who want to invest in tourist properties or long term rental properties. There are also good prospects for growth in property values, especially as the city becomes more popular with tourists and families.
Both cities offer excellent investment opportunities, but Limassol offers dynamism and prestige, while Paphos offers tranquillity and affordability. The choice depends on the investor's strategy and expectations of the Cyprus property market.
Read also:
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- Student accommodation in Cyprus
- Permanent Residency in Cyprus in 2024
- Larnaca through the eyes of locals: which neighbourhoods do Cypriots choose to live in and why?
- Quiet towns in Cyprus: ideal places for those who want to get away from the hustle and bustle.
