Increase in Property Sales to Foreigners in Cyprus Since 2015
January 31, 2025
Since 2015, the sale of properties in Cyprus to foreigners has significantly increased, with 83% of sales documents in Paphos involving foreign buyers. Despite these high percentages, 96.73% of the properties in Cyprus belong to Cypriots. The sales to foreigners highlight some gray areas, as transactions involving companies are not fully documented. Nevertheless, the values of properties purchased by foreigners have been rising.