Cyprus is an island for property buyers operating on all budgets. Those at the top end of the scale will find luxury properties in all shapes and sizes across the island, from Paphos right up to Ayia Napa.
If you have plenty of cash to splash on an overseas home, there is only one place you should head in Europe. Gone are the days when the South of France is top of the viewing trip list for anyone with deep pockets, Cyprus is the new kid on the luxury living block. And it’s not just the island’s enduring sun, sandy beaches and spectacular mountainous interior that are attracting big budget buyers. Various high-end developments have sprung up across the island, ensuring luxury yacht births, designer boutiques and exclusive properties are in plentiful supply. Plus, for anyone who hails from the Middle East or has business interests there, Cyprus is just a quick hop across the Mediterranean.
Various high-end developments have sprung up across the island, ensuring luxury yacht births, designer boutiques and exclusive properties are in plentiful supply.
Here are some of the best places to search for property in Cyprus if you’re in the market for a plush pad.
Aphrodite Hills is an award winning resort nestled in the hills above Paphos, overlooking the crystal clear waters of the Mediterranean Sea. Whether it’s luxurious accommodation, world-class sports facilities, fine dining, relaxation, entertainment or all of the above you’re after, the resort has it covered. There’s even a village square that helps add a community feel to proceedings.
Luxury six-bed villas can go for as much as €5.5 million around here. For the slightly more modest price of €3.8 million you could call this Balinese inspired 4-bed villa home. Enjoy the spectacular sea views as you sizzle steak in the barbeque area, or enjoy a dip in the private swimming pool. All four double bedrooms come with en suite shower rooms, while the independent studio apartment on the lower floor is perfect for entertaining guests, who like you will be able utilise a gym room and wine cellar.
The values in pounds we show here are based on the interbank rate at the time of going to press. This is not available to the general public, but click here for a free, no-obligation quote from Smart Currency Exchange and a friendly chat about how to protect your budget from currency movements.
Ayia Napa Marina
Ayia Napa is no longer defined by the hedonistic nightlife it became famous for at the turn of the millennium. While still offering a vibrant social scene, this former fishing village is now a major player, along with Limassol, when it comes to the chic new waterfront developments that are attracting wealthy overseas property buyers to the island.
Due for completion in 2021, at a cost of £109 million, the landmark Ayia Napa Marina project will house 190 luxury apartments and 29 luxury villas – 18 of which will have access to secure docks. In addition it will include significant mooring capacity and world class facilities for 600 yachts, a shipyard and a series of select shops and restaurants offering top class services for those living in, and visiting, the marina.
Long-term investment potential is virtually guaranteed if you purchase one of these €5.5 million four-bed new build villas in Ayia Napa Marina. Each plot includes an infinity plunge pool, seas views, roof garden and under floor heating – not that you’ll be turning it on too often on this sun-drenched Mediterranean island.
The port town of Limassol is fast becoming known as the “Dubai of Cyprus”.
The port town of Limassol is fast becoming known as the “Dubai of Cyprus”, thanks to its ever-growing high-end, high-rise skyline. While some parts of the island are desperate to cling on to their traditional roots, Limassol is proudly embracing a more contemporary approach. Consequently, there’s no shortage of luxury apartments around here. And if one tower block gets snapped up by eager buyers, it seems like another is already under construction to meet the demand, with plenty more giant structures in the pipeline.
This salubrious two-bed apartment is located in the tallest seafront residential tower in Europe, which can be found in the heart of Limassol’s commercial district. An expansive veranda, panoramic seas views and access to a communal pool, bar, spa, games room and wine cellar could all be yours for a mere €3 million.
The Cyprus Buying Guide takes you through each stage of the property buying process, with practical recommendations from our experts who have been through the process themselves. The guide will help you to: