Cyprus Real Estate: Guide to Buying Homes and Villas
Cyprus is all about peace and quiet. Here, nobody’s rushing around, and the sun shines almost all year round. That is why the topic of Cyprus real estate is of interest not only to businessmen, but also to everyday buyers who want to live by the sea.
Here you’re not just buying four walls, but a completely different lifestyle - with less stress and more sunshine.
Why decide to buy property in Cyprus?
It's simple: it's safe, warm, and straightforward here. If you decide to buy property in Cyprus, you get two key benefits. Firstly, it's your own home by the sea. Secondly, depending on the purchase price, you and your family may qualify for permanent residency (PR).
In addition, real estate in Cyprus has tended to rise over time. It is safer than keeping money under the mattress. You are buying an asset that can become more valuable over time.
Choosing the location: focus on neighborhoods
Limassol is the main city on the coast. It has everything you need: jobs, schools, and entertainment. But it is better to live a bit away from the hustle and bustle. That is why many buyers look for quieter neighborhoods - such as Ayios Tychonas. Set in the hills, it offers silence, greenery, and a gorgeous view of the sea, and it is only a 5-minute drive to the city.
If you are considering villas in Limassol, this place is an ideal option. Here you won’t be looking straight into your neighbors’ windows, here you will have your own personal space.
Overview of Luxury Villas in Limassol
Let's take a look at Melrose Villas. This is not a massive development, but a boutique development - only 8 houses. Modern houses in Cyprus are now being built to a high standard: they are warm in winter and cool in summer, which can help reduce utility bills. For buyers comparing luxury villas Limassol, this format offers both privacy and comfort without the density of a large complex.
Key highlights:
- Lots of space: Spacious homes with room for everyone.
- Your own pool: An infinity pool where the waterline seems to blend into the sea.
- Basement level: You can make your own cinema or gym there.
Construction is underway and is scheduled to be completed in mid-2026. Now may be a good time to secure one.
Smart investment, rentals, and relocation
Buying a home can make relocation easier. And if this is your first home, you may qualify for a reduced VAT rate - 5% instead of 19%. This is a significant saving.
Even if you do not plan to live here permanently, the property can generate rental income. Rentals are very popular here, and it is easy to find tenants for a property like this. But when buying, you need to think ahead. It is important to know the cost of selling property in Cyprus to understand how easily you can then sell this house and make money on it.
The Cyprus property market is large, but relatively few listings combine this level of quality with this price point. There are only a few villas left in Melrose, so it’s worth moving quickly.
