From 2020 to 2025, Cyprus has become especially attractive for non-EU nationals seeking to invest in real estate. According to official data provided by Interior Minister Constantinos Ioannou, a total of 14,978 applications were filed for the purchase of residential and commercial properties during this period.
The highest number of applications was recorded in Paphos (5,477), Limassol (4,316), and Larnaca (3,479), confirming the strong demand for coastal regions that are popular among both tourists and investors.
Meanwhile, Nicosia (886) and the free areas of Famagusta (816) show lower activity. However, analysts note that the capital is gradually strengthening its position thanks to the development of business infrastructure and international projects.
How the Application Process Works
The review of applications from foreign buyers typically takes between one and two months. This is due both to the limited staff in District Land Offices and to the need to coordinate documents with other state authorities. In some cases, the process may be delayed if applicants fail to provide all the required documentation.
To speed up the procedure, the government is considering introducing digital services that would allow foreign investors to track the status of their applications online.
More Than 50,000 Transactions with Foreigners
As of July 2025, the number of completed property transactions with third-country nationals exceeded 53,000. The majority of purchases were made in Paphos (20,800) and Limassol (17,100) — unsurprising, as these regions are traditionally seen as hubs of luxury real estate and are especially popular with affluent buyers from Europe, the Middle East, and Asia.
Larnaca is also showing steady growth, with 9,200 transactions, supported by the expansion of the airport and port infrastructure. Although Famagusta’s free areas and Nicosia lag behind in numbers, they are gradually attracting investors interested in rental income and commercial projects.
Why Foreign Buyers Choose Cyprus
Cyprus combines a mild climate, strategic location, a stable banking system, and favorable tax conditions. Real estate investments not only provide opportunities for comfortable living or rental income but also open the way to obtaining long-term residency.
Experts predict that interest in Cypriot real estate will continue to grow — particularly as prices rise in Limassol and Paphos, making Larnaca and Nicosia more affordable and promising destinations for investors.