Real estate market in Cyprus
Cyprus has always been a magnet to foreign homebuyers due to its plethora of business and lifestyle advantages. 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. Real estate transactions have been consistently and considerably rising for the past four years, as reflected in the figures below.