Prices on real estate at Cyprus by area
According to different districts there is a big difference in prices for immovable properties in Cyprus. It is fair to both resale and newly built properties. It is essential to decide what kind of property you would like to purchase. If you are going to stay in Cyprus with you family or in a group of friends, the covered area will be a crucial factor in choosing a property.
The average covered areas for different types of properties:
- Studio – 40-50 sq.m
- 1 bedroom apartment – 50-65 sq.m..
- 2 bedroom apartment – 80-100 sq.m.
- 3 bedroom apartment – 120-150 sq.m.
- Townhouse – 150-160 sq.m.
- Villa – 150-200 sq.m..
The average covered areas can help you to decide if you want to buy an apartment in Cyprus or prefer to purchase a villa. You might be interested in renting a property. Besides the property variations the difference in the price range can occur because its geographical location:
The most popular district for buying properties is Limassol, where there are lots of entertainment places and developed infrastructure. The costs of properties in Limassol are high due to it being so popular among the foreigner buyers, especially among Russians.
Pafos is next most popular district for buying properties. The quality of life in Pafos is similar to Limassol, but the prices are lower.
Climate in Pafos is the best on the island; it is not so hot. Pafos is famous of its historical heritage. Pafos used to be the capital of Cyprus.
Larnaka is famous for its yacht clubs and golf courses, but one of the disadvantages is the big amount of factories in the town. Those most interested in buying properties in Larnaka are mostly Cypriots, since there are clean beaches and sea and not so many tourists.
Agia Napa is popular among tourists in summer months with its best sandy beaches and entertainment places.
Average real estate prices in Cyprus in Euro
|Studio||130 000||115 000||110 000||115 000|
|1 bedroom apartment||180 000||155 000||135 000||140 000|
|2 bedroom apartment||250 000||230 000||185 000||148 000|
|3 bedroom apartment||380 000||315 000||300 000||240 000|
|Maisonette||370 000||285 000||220 000||215 000|
|Villas||650 000||520 000||445 000||357 000|
Minimal real estate prices in Cyprus in Euro
|Studio||95 000||95 000||90 000||100 000|
|1 bedroom apartment||110 000||115 000||98 000||110 000|
|2 bedroom apartment||125 000||120 000||110 000||120 000|
|3 bedroom apartment||158 000||164 000||137 000||170 000|
|Maisonette||185 000||170 000||165 000||160 000|
|Villas||220 000||210 000||195 000||170 000|
Note that the prices that are shown above are approximate, and they can differ according to its location, area and quality of building. Our company offers a variety of properties in different budget frames all over the island.