Property Price Guide - Buy or Rent

PROPERTY PRICE GUIDE - BUY OR RENT

Property prices are steadily increasing against a background of a reduction in the number of new projects currently under construction and the favourable comments, particularly from the UK media on the advantages of purchasing property here in Cyprus .

Prices vary within districts and depend largely on the type of property purchased. We have a wide range of options for all kinds of property from 1 bed apartments through to 5 bed villas in large plots. All projects approved after 1 May 2004 are subject to VAT.With prices changing on a regular basis we would be happy to advise you of the current price range for a particular type of property that is of interest to you.

For those seeking to purchase re-sale property you should be aware that this process is much shorter than the UK . We have many people visiting Cyprus looking for re-sale property on the basis that when they find something they then have to return home to sell their property. This is the wrong way to approach the problem for the reasons explained above. There have been many disappointed clients who have found their ideal home only to discover by the time that have sold the property has been purchased by someone else!

PROPERTY TYPE TO BUY FROM SHORT TERM RENT PER DAY LONG TERM RENT PER MONTH
APARTMENTS€76,887 TO €179,403€51 TO €77 €512 TO €683
BUNGALOWS€205,000 TO €342,000£68 TO €85 €513 TO €1025
MAISONETTES€162,000TO €188,000€68 TO €85€512 TO €598
TOWNHOUSES€162,000 TO €188,000€68 TO €85€512TO €598
VILLAS€222,000 UPWARDS €85 PLUS €598 PLUS