Property on Cyprus

Cyprus attracts Russians with favorable weather conditions, affordable prices for essential goods and low property taxes, compared to the rest of Europe. Moreover, local living standards are high, and virtually no crime is committed on the island. Villas located right on the beach, offered directly by developers are mostly demanded by Russian buyers of Cyprian property. Russians quite often purchase land from the owner in order to erect their villas on Cyprus upon personal architectural projects. Cyprian apartments in new buildings, including those in elite complexes, are also quite popular among Russians. Frequently, properties are acquired for investment purposes. Rather than purchasing a home on a secondary market, it would be more gainful to buy new properties on Cyprus off-plan. The most popular regions among Russians are Larnaca (24) and Limassol (109). Paphos (248) is also demanded by Russians, while the capital city of Nicosia (20) because of its distance from the coast, is mainly attracting investors by commercial property or rental housing designated for lease to local residents. If you are interested in buying a Cyprian home located at a distance from the tourist bustle, pay attention to the north-western part of the island. The region of Polis (22) is well-known for unspoiled nature and almost endless beaches.