Cyprus is located on the crossroads of three continents, Europe, Asia and Africa in the north-eastern region of the Mediterranean Sea. Glittering high-rises are being built along the coast and in city centres competing for the best views, luxury hotels are springing up, and new residential complexes with top-quality facilities are promising a care-free and cosmopolitan lifestyle on the third largest island in the Mediterranean.
The Cyprus real estate market has historically been divided into the major urban centres of Nicosia, Limassol and Larnaca (primarily driven by local demand); and the seaside resort areas of Paphos and Famagusta, which are mostly driven by foreign demand.



Individuals property value is the total of all the properties that one owns, e.g. if one owns 3 properties i.e. the flat €100.000 a holiday house €80.000 and a plot €30.000 (at 1.1.80 values) the total of €210.000 will be increased by 3.5 less the exemption (only €150.000) and the appropriate scale levied.
The purchase of €300.000 does not refer to a single unit but to a number of units totaling €300.000, or a house of say €150.000 and other real estate such as garage, store, shop of total €150.000 - Information from the Immigration Department - Totally wrong since 3rd country nationals may not buy anything else other than a single residence.
Multi-billion projects are on the way and in combination with the reforms in the banking sector as well as the reforms in relation to property transfer fees, VAT and capital gains tax, the issuance of title deeds and the political stability are boosting the real estate market proving the confidence and trust foreign investors place in Cyprus.

Over the past few years the real estate market has seen significant growth, this has been fuelled by a number of factors including the introduction of non-domicile status, additional tax incentives, the relocation of high-level staff to ensure substance, the highly attractive immigration programs and of course early investors that recognise the islands significant growth potential.
Combining a tranquil island mentality with the reputation of the business capital of Cyprus, there is something for everyone from the beautiful vineyard routes to the Troodos snowy mountains, from mountain hiking to water sports, from visiting ancient historical sites to enjoying the nightlife that this coastal city has to offer.
An upscale beachfront home would typically cost 4,000 to 5,000 euros per square meter, while a luxury home in Larnaca, the large city closest to Pano Lefkara, would run about 2,000 euros per square meter, said Sophia Morphis, an agent with Africanos Real Estate, which has the listing for this villa.

For this reason alone you can see why Cyprus property for sale is so popular, added to the great travel facilities there are further plans for Larnaca with the industrial areas on the east of the town along the Dhekelia road being totally renovated along with a marina being capable of birthing seven cruise ships at any one time in the same area.
Cyprus Real Estate Agent offers an easy way to put your Cyprus property onto the market. Properties for sale in Paphos are perfect for permanent residences as well as for relaxing holiday homes in the countryside. Specializing in the Cyprus property market with a modern and organized Real Estate Consultants network, having offices in Nicosia, Limassol, Famagusta, Pafos and Larnaka.

When looking at Cyprus properties for sale it is important to look at the countryside. For the "serious" (in terms of cash) investors, Cyprus is now offering added real estate cyprus real estate market opportunities. If a property is the primary residence of the borrower, the law makes specific provisions which do not allow the lender to realise the mortgage.
Thus, Cyprus still remains a promising market for potential investors and for those who live on the island. Although the second home is a competitive market, Cyprus attracts a total value of real estate sales to a figure of approximately £700 mil. Between January 2005 and June 2008 a total of 37,769 overseas buyers purchased 29,949 properties for which Title Deeds had yet to be transferred, according to the Cyprus Department Land Registry report published in October 2008.