Invest in Limassol: New Developments & Off-Plan Property (2026)

Yes. Non-EU nationals can buy property in Cyprus. The purchase requires approval from the relevant District Administration under the Acquisition of Immovable Property (Aliens) Law, Cap. 109 — there is no fee, and your lawyer files the application as part of the standard conveyancing process. Your signed contract is deposited with the Department of Lands and Surveys, which protects your purchase while the approval is processed. EU citizens are not subject to this requirement.

As of October 2026, the median pre-sale price across mainstream projects tracked by abuda is €335,000 for a 1-bedroom apartment, €460,000 for a 2-bedroom apartment and €670,000 for a 3-bedroom apartment, excluding VAT.

As of October 2026, across seafront and tower projects tracked by abuda the median pre-sale price is €570,000 for a 1-bedroom apartment, €900,000 for a 2-bedroom apartment and €1,180,000 for a 3-bedroom apartment, excluding VAT — roughly €7,000 to €8,050 per m² of total area.

As of October 2026, the median mainstream new-build villa or house across projects tracked by abuda is €4,050 per m² of total area, excluding VAT.

As of October 2026, the median mainstream new-build apartment in Limassol is €4,650 per m² of total area versus €2,500 per m² in Larnaca, both excluding VAT — about 88% higher — on the same methodology.

Yields vary by location, unit size, property type, operating model and delivery date. Coastal and marina-adjacent properties may command higher short-term rental rates, but performance depends on occupancy, seasonality, management costs and licensing. Unit-level projections in the abuda portal are the developer's indicative figures and should be independently verified.

Cyprus tax residents who are not domiciled in Cyprus may be exempt from Special Defence Contribution on dividend and interest income. Regardless of domicile of origin, an individual who has been a Cyprus tax resident for at least 17 of the 20 tax years preceding the relevant tax year is deemed domiciled in Cyprus. Separate rules apply to individuals with a Cyprus domicile of origin; eligibility depends on personal circumstances and requires Cyprus tax residency first. Source: Cyprus Tax Department.

Property transfer fees follow a statutory scale — 3% on the first €85,000, 5% from €85,001 to €170,000 and 8% above €170,000 — with a 50% reduction generally applied where fees are due, subject to statutory exceptions. No transfer fee is charged where VAT applies to the same property transaction. Stamp duty was abolished for agreements executed from 1 January 2026. Legal and due-diligence fees vary by adviser and transaction. Source: Cyprus Department of Lands and Surveys; Cyprus Ministry of Finance (2026 tax reform).

Cyprus "Golden Visa" / Permanent Residence by Investment refers to the Immigration Permit for Investors under Regulation 6(2). Under the residential property route, the investment must be in new residential property purchased as a first sale from a development company for at least €300,000 plus VAT. Many Limassol new-builds available through abuda fall within this price range, but eligibility depends on the applicant, the structure of the transaction and legal verification. Purchasing property alone does not grant permanent residence.