The most notable go-to areas for investors and buyers looking to purchase real estate in Cyprus include not only the island's three largest cities of Limassol, Nicosia, and Larnaca, but also other popular points in the Western and Eastern regions. We will now delve into what each of these areas has to offer.
Limassol
We never tire of reiterating that this point in the south of the island is the real business centre of the country. The city stretches along the coast, and just as you approach the entrance to Limassol, you immediately get the sense that the city has a completely different atmosphere from other districts. The skyscraper view is complemented by the hustle and bustle of the city dwellers below them who only know the language of business – all things that the south island is well known for.As you might know, Limassol is considered the most "Russian" city in Cyprus. Today, the city is home to more than 50 thousand Russian-speaking people. This makes up about a fifth of the city's total population. And this trend continues gaining momentum.The current demand for real estate in Limassol far outstrips the supply. No wonder the average price per square metre is the highest on the island at EUR 4,000.00/m2.From the many benefits of purchasing real estate in Limassol, the most notable include the city's highly developed infrastructure, rich business environment, wide selection of educational institutions for children of any age and, of course, the presence of the most convenient and efficient port in the entire Eastern Mediterranean. It is in Limassol that the majority of the most significant cultural events are held. The city's embankment is a 17-kilometre promenade with city beaches and a path for bicycles and jogging.The downsides of living in the city are that it is a bit noisy and expensive compared to other districts on the island. You can escape from the busy lifestyle by choosing a property lying on the city's outskirts. A new three-bedroom house with a small garden situated a 10-minute drive away from Limassol in Pyrgos costs EUR 420,000 (+VAT). You can buy an unfinished house in Limassol's CBD, in Germasogeia, for about the same price.
Larnaca
Foreign investors have recently begun paying special attention to Larnaca. Suffice to say, the city is developing by leaps and bounds: the port is being modernised, attraction sites are being reconstructed, and the embankment, bike paths, and park areas alike are expanding. The city's first large shopping mall was opened just last year. Larnaca's strategic location between the capital Nicosia and the financial centre Limassol makes the city an important business link.Larnaca is the air gateway of Cyprus. Every year, millions of passengers from all over the world arrive at its cosy and welcoming airport to continue exploring the ancient island of Aphrodite or stay here forever.Many families choose Larnaca for its calm and measured pace of life, the presence of international schools, and modern infrastructure. The average monthly expenses for a family here are much lower than in Limassol. But if you wish, you can always opt for the readily-available top-class service, which is the hallmark of the most expensive city in Cyprus.Why choose Larnaca? For those who are used to big-city life, Larnaca may seem like a backwater and boring. In bad weather in winter, residents sit at home and endlessly prepare for Christmas, in spring, they cannot breathe from the ubiquitous souvlaki, and in the summer, they languish from the heat, throwing empty plastic frappe cups everywhere on the city streets. This is the worst-case scenario of a desperate sceptic that does happen. A sincere love for ancient history, water sports, and the sea helps look at Larnaca differently.
Paphos
Everyone who has arrived on the island for the first time is waiting with bated breath for a trip to Paphos – a small town in the southwestern part of the island. It was here that the goddess of love Aphrodite emerged from the white foam of the sea. After visiting sites associated with the cult of the goddess, tourists then go to the new Paphos, which today is a modern city with a magnificent harbour and the breathtaking Archaeological Park – the site of the remains of ancient tombs, residential buildings, and theatres. The country's second airport is located 6.5 km from the city.In summer, unlike the eastern and central parts of the island, Paphos is not burdened with suffocating heat. And even come August, the sea water is as fresh and invigorating as ever. Meanwhile, the city is completely strewn with greenery and flowers. Notwithstanding that the city is considered a tourist destination, it carries with it an atmosphere of calm and silence in the off-season. Paphos is the ideal place to build or buy a private residence. There are offers in low-rise apartment buildings in the city's CBD. But is it worth considering the city as a permanent place to live? The many pluses of life in Paphos include the magnificent gifts that Mother Nature offers here. There are the cleanest beaches, the fragrance of floral aromas all year round, and the picturesque hillsides. Hiking enthusiasts are forever appreciative of the proximity of Akamas Nature Park, a forested promontory with two hills, a nursery for sea turtles, and the ancient baths of Aphrodite.The downsides of living in Paphos include its meagre labour market and remoteness from business centres. Just buy a personal car and you won't have to worry about public transport. There are few inexpensive offers in new buildings on the real estate market.Today, developers are mainly engaged in the construction of expensive gated communities away from the centre.
Polis
A small town in the northwestern part of the island near Akamas National Park, Polis is the administrative centre of a similar-named district. It has a population of only 3 thousand people. The city survives on tourism, but it does it somehow unconventionally and imperceptibly. You won't find crowds of tourists with cameras here. This place will be heaven for lovers of peace.Besides tourism, residents also engage in agriculture and fishing. Annual fishing festivals and yachting championships are the most popular local entertainment.Polis is ideal for privacy, family holidays, and living with young children. It has amazing and peaceful beaches. You rarely hear loud music and the roar of engines here. Translated from the Greek Πόλη Χρυσοχούς, the full name of the village Polis Chrysochous sounds like the Golden City. And nobody can argue with this statement. Our website presents a wide range of real estate currently on offer in this cosy corner of Cyprus.PomosAnother quaint and charming fishing village on the west coast of Cyprus, Pomos is located an hour's drive from Paphos. For starters, the town is famous for the fact that the famous Pomos idol — a figurine of a little man with arms outstretched to the sides, was found here. Scientists date back the artefact to the 30th century BC. Today, it adorns Cypriot coins in one- and two-euro denominations. Polis has less than a thousand inhabitants, but they are incredibly hospitable and welcoming people. The locals are mainly engaged in fishing and agriculture, and grow olives, citrus fruits, and avocados. The municipal pebble beach is small, but quiet and peaceful. Only on weekends can loud music be heard playing in a small bar by the waterfront here. The city also has sandy beaches in quite picturesque locations.It offers its residents a bank, several shops, and a fish market, which in the evening turns into fish taverns with the freshest seafood delicacies.Pomos real estate mainly comprises villas priced between EUR 215,000 and EUR 466,000 and above. If you ever dreamt of living by the mountainside while also getting to enjoy the sea and a private atmosphere every day, then best buy a house in Pomos.
Nicosia
The capital of Cyprus offers a unique atmosphere. There are many foreigners, young people, and even residents of the occupied northern part of the island who travel to the southern part of Cyprus every day for work or to take their child to an English school. The city's ancient architecture strongly exudes notes of Ottoman workmanship, including wooden balconies, arches, and narrow high turrets. The reconstruction of Freedom Square, which connects the historical and modern parts of the city, was completed last year. This unique creation by Zaha Hadid Architects is well known all over the world.The pros of buying property in Nicosia are endless. This is especially true for the new buildings. These are the metropolitan infrastructure, modern architecture, affordable schools at embassies, medical centres, modern roads, well-groomed trees with lush green crowns along the sidewalks, and breathtaking mountain landscapes from the windows of houses. At that, a new 2-bedroom apartment in the heart of Nicosia costs somewhere around EUR 264,000.00. A new 3-bedroom house still under construction in the Strovolos area will set you back EUR 387,000.00 (+VAT).The disadvantages of buying a home in Nicosia have to do with its climate characterised by sudden temperature fluctuations. First-timers are always surprised that during summer, it may be unbearably hot during the day, then suddenly becomes almost freezing at night. While Nicosia's streets and parks may not be crowded, its cafes are always full of people. On Sunday evenings, as the locals return from the beaches of Larnaca and Protaras, the entrance to Nicosia experiences traffic jams – an extremely rare phenomenon for Cyprus. With no natural beaches of its own, Nicosia offers its dwellers various options for building private swimming pools.