🇨🇾 Cyprus

Buying Property in Cyprus: A Guide for Foreign Buyers

Apartments in Cyprus cost from €2,600 to €4,700 per m² across the cities we track. Expect to pay another 2–6% of the price in taxes and fees.

Can foreigners buy property in Cyprus?

EU buyers free; non-EU buyers may need a permit

EU citizens buy freely. Non-EU buyers need permission from the District Officer (Council of Ministers), which is normally a formality for one home; title is transferred once approval is granted.

Tax ID you'll need: Tax Identification Code (TIC)

How to buy, step by step

  1. 1Obtain a TIC and appoint a lawyer to check title and encumbrances
  2. 2Sign a reservation agreement and pay a deposit
  3. 3Sign the sale contract and deposit it at the Land Registry (specific performance)
  4. 4Apply for Council of Ministers permission if a non-EU buyer
  5. 5Pay the price and transfer fees
  6. 6Transfer the title deed at the District Land Office

What it costs

A 60 m² apartment in Larnaca at the average €2,600/m² costs about €156,000. Purchase taxes and fees add roughly €3,120–€9,360. Full breakdown of Cyprus property taxes and costs.

Larnaca€2,600/m² · gross yield 6%Limassol€4,700/m² · gross yield 5.1%

Mortgages and residency

Approx. 50–70% LTV for non-residents.

Permanent residence is available for a purchase of new residential property of at least €300,000 (plus VAT) from a developer, paid with funds from abroad, plus proof of foreign income.

Frequently Asked Questions

Can foreigners buy property in Cyprus?↓
EU citizens buy freely. Non-EU buyers need permission from the District Officer (Council of Ministers), which is normally a formality for one home; title is transferred once approval is granted.
How much are buying costs in Cyprus?↓
Typically 2–6% of the purchase price for a resale apartment, including transfer tax, notary or legal fees and registration.
How much does an apartment cost in Cyprus?↓
Average prices range from €2,600/m² to €4,700/m² across 2 cities; in Larnaca a 60 m² apartment costs about €156,000.
Can non-residents get a mortgage in Cyprus?↓
Approx. 50–70% LTV for non-residents.
Property prices in Cyprus →Apartments for sale in Cyprus →Rental yield calculator →

Last reviewed 2026-10. General information, not tax or legal advice: rates change and often depend on region and buyer status, so confirm with a local notary, lawyer or tax adviser. Sources: Demetriades Law: Cost of buying property in Cyprus.