Cyprus
Western & Southern Europe2 independent articlesEU sunshine island — Limassol yields, Paphos lifestyle and a €300k residency route.
Cyprus is an EU/eurozone island with year-round sun, English widely spoken and a business-friendly, low-tax regime. Non-EU buyers need routine Council of Ministers consent (generally for one home). A €300,000+ purchase of new property qualifies for permanent residency. Limassol drives yields and prestige; Paphos and Ayia Napa are lifestyle- and-tourism markets.
Can foreigners buy?
Open with consent: non-EU buyers get routine Council of Ministers approval (usually one property). PR via €300k+ new-build. EU buyers unrestricted.
Taxes & buying costs
Transfer fees (or 19% VAT on new, reduced to 5% on a first home); no inheritance tax; low property tax; rental income taxed.
What makes it unique
EU membership, sun and low tax, with a straightforward €300k permanent-residency-by-property route.
1
Most prestigious places to own
Limassol seafront & marina
Cyprus's business capital; luxury towers and the marina.
€600k–€5m
Marina / seafront apartment
Peyia & Coral Bay (Paphos)
Sea-view villa country popular with Northern Europeans.
€500k–€3m
Sea-view villa
2
Best income potential from vacation renting
Limassol
The island's top-yielding market (business + tourism).
€300k–€1m
5.5–7% gross
City / seafront apartment
Paphos & Ayia Napa/Protaras
Beach-tourism short-lets with strong summers.
€250k–€900k
5–7% gross
Resort apartment / villa
3
Picturesque farms & rural tourism properties
Troodos wine villages (Omodos, Platres)
Stone houses and vineyards in the cool mountains.
€200k–€900k
Wine / agritourism
Stone village house / vineyard
Thinking of living there?
Cyprus residency and citizenship guide
Visas, work permits and the routes to a passport — separate from buying.
Everything on Cyprus
All stories →Albania, Northern Cyprus & Montenegro Property: Yields vs. Costa del Sol 2026July 2026Limassol Marina Towers Phase 3, Cyprus: Seafront Residences with EU Passport AccessMarch 2025
Indicative 2025–26 planning bands for screening only, not quotes and not advice. Holiday-let licensing, tax and foreign-buyer rules change frequently — confirm locally with a lawyer and tax adviser before buying.