To acquire immovable property in Cyprus, a third-country national must obtain permission from the Council of Ministers. The process involves submitting Form Comm. 145 (PDF, EN) to the District Officer in whose district the property is situated.
It is important to note that the villa or house to be acquired should not be larger than necessary for the intended purpose. For instance, the land plot should be large enough to build a residential home. The law governing this process is The Immovable Property Acquisition (Aliens) Law, Cap. 109.
Is buying a villa in Cyprus a good investment?
Due to its robust economy and European Union membership, Cyprus is a stable and attractive investment opportunity. The real estate market in Cyprus is promising, with rental yields for investment villas at 3,03% annually and market values growing at 0,95% YoY (RICS Residential Property Price Index 2024Q4).
It presents the potential for a steady passive income and long-term return on investment. We believe buying a villa in Cyprus is a wise investment choice, as it can provide numerous advantages for the owner, such as permanent residency through investment.
What are the best villas in Cyprus?
The top 5 luxury villas in Cyprus listed on our site are:
5-bedroom exclusive villa in Agios Tychonas, Limassol - €10,500,000 Details
6-bedroom modern villa in Germasogeia, Limassol - €9,900,000 Details
4-bedroom villa in Limassol Marina, Limassol - €9,600,000 Details
4-bedroom luxury villa in Limassol Marina, Limassol - €8,700,000 Details
4-bedroom villa in Pyrgos, Limassol - €7,200,000 Details
