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Everything you need to know before buying real estate is included in our Cyprus Property Pack
Cyprus offers some of Europe's most affordable property markets, with excellent opportunities for budget-conscious buyers.
The cheapest properties in Cyprus are concentrated in rural villages, inland areas, and smaller coastal towns away from major tourist centers, with prices starting from €1,200 per square meter and one-bedroom apartments available under €100,000.
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The most affordable property regions in Cyprus include Polis in northwest Paphos, parts of Famagusta, Nicosia suburbs, and select areas in Larnaca, with prices ranging from €1,200-€1,750 per square meter.
Rural areas and villages offer properties 30-50% cheaper than major cities, with one-bedroom apartments frequently available under €100,000 in these locations.
| Region | Price per sqm | One-bedroom apartment range |
|---|---|---|
| Polis (Northwest Paphos) | €1,200/sqm | €80,000 - €120,000 |
| Famagusta (non-resort areas) | €1,300/sqm | €85,000 - €130,000 |
| Nicosia suburbs | €1,400 - €1,750/sqm | €90,000 - €140,000 |
| Larnaca (outskirts) | €1,500 - €2,000/sqm | €100,000 - €150,000 |
| Rural villages | €1,000 - €1,400/sqm | €70,000 - €110,000 |
| Northern Cyprus coastal | €1,100 - €1,400/sqm | €75,000 - €125,000 |
| Central Cyprus inland | €900 - €1,300/sqm | €65,000 - €100,000 |
Where are the cheapest properties in Cyprus right now?
The cheapest properties in Cyprus are located in Polis and surrounding villages in northwest Paphos, rural areas of Famagusta outside resort zones, suburban districts of Nicosia, and inland villages across the island.
Polis stands out as the most affordable major area, with property prices starting from €1,200 per square meter. The villages surrounding Polis Chrysochous offer particularly good value, with many apartments and houses available significantly below city prices.
Famagusta region, especially areas away from tourist developments, presents excellent opportunities with prices beginning around €1,300 per square meter. Northern Cyprus sections of Famagusta offer even lower prices, with some properties available under €100,000.
Nicosia suburbs provide affordable alternatives to the capital's center, with prices ranging from €1,400 to €1,750 per square meter, making them attractive for both investors and residents seeking proximity to the capital.
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What cities or regions have the lowest property prices?
The regions with consistently lowest property prices include rural mountain villages in the Troodos region, coastal villages in Famagusta outside Ayia Napa, inland areas of Paphos district, and suburban zones around major cities.
Mountain villages in central Cyprus often have the absolute lowest prices, with some properties available for under €70,000 for small houses or apartments. These areas offer authentic Cypriot village life but limited amenities and services.
Coastal Famagusta, particularly areas like Paralimni outskirts and smaller fishing villages, provides sea proximity at significantly reduced costs compared to resort areas. Properties here range from €85,000 to €130,000 for one-bedroom units.
The Morphou Bay area in Northern Cyprus presents some of the island's most affordable coastal properties, though buyers should consider the political and legal implications of purchasing in this region.
How much can I expect to pay for a one-bedroom apartment in the most affordable areas?
One-bedroom apartments in Cyprus's cheapest areas typically range from €70,000 to €120,000, depending on location, condition, and proximity to amenities.
In rural villages and mountain areas, renovated one-bedroom apartments start from €70,000, while unrenovated properties requiring work can be found for as low as €50,000.
Coastal areas in Famagusta and Polis offer one-bedroom apartments between €85,000 and €120,000, with some featuring sea views or garden access within this price range.
Nicosia suburbs and Larnaca outskirts provide one-bedroom apartments from €90,000 to €140,000, offering better access to urban amenities while maintaining affordability.
As of September 2025, the market shows increasing demand for budget properties, but supply remains adequate in these affordable zones.
What is the average cost per square meter in those cheaper regions?
| Region | Average Price per sqm | Property Type |
|---|---|---|
| Polis area villages | €1,200 | Mixed apartments and houses |
| Famagusta non-resort | €1,300 | Coastal and inland properties |
| Nicosia suburbs | €1,400 - €1,750 | Suburban developments |
| Rural mountain villages | €900 - €1,200 | Traditional village houses |
| Larnaca outskirts | €1,500 - €2,000 | Mixed residential |
| Northern Cyprus coastal | €1,100 - €1,400 | Apartments and villas |
| Inland Paphos district | €1,000 - €1,500 | Rural and semi-rural |
Are there any areas in Cyprus with properties under €100,000?
Yes, numerous areas across Cyprus offer properties under €100,000, particularly in rural villages, older coastal developments, and suburban zones requiring renovation.
1. **Rural mountain villages**: Traditional stone houses and small apartments from €50,000-€95,000 2. **Northern Cyprus coastal areas**: One-bedroom apartments and small houses €70,000-€100,000 3. **Famagusta inland villages**: Renovated and unrenovated properties €60,000-€95,000 4. **Older developments in Polis area**: Apartments with sea or mountain views €80,000-€100,000 5. **Nicosia suburban zones**: Smaller apartments and starter homes €85,000-€100,000 6. **Larnaca district villages**: Traditional and modern small properties €75,000-€100,000 7. **Paphos inland areas**: Rural houses and village apartments €65,000-€95,000Properties under €100,000 often require some renovation work or are located in areas with limited amenities, but they provide excellent entry points into the Cyprus property market.
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How do property prices in rural areas compare to those in the cities?
Rural property prices in Cyprus are typically 30-50% lower than equivalent properties in major cities like Limassol, Nicosia center, or prime coastal areas.
A one-bedroom apartment that costs €200,000 in central Limassol might be available for €100,000-€120,000 in a rural village with similar living space and quality.
Rural areas offer significantly more property for the same budget, with buyers often getting gardens, larger living spaces, and traditional architectural features unavailable in city properties.
The trade-off involves reduced access to amenities, employment opportunities, and services, making rural properties ideal for retirees, remote workers, or those seeking authentic Cypriot village life.
Village properties often appreciate more slowly than city properties but provide better rental yields relative to purchase price due to lower initial investment.
What are the current property trends in Larnaca, Paphos, and Limassol?
As of September 2025, Larnaca and Paphos are experiencing significant price growth, while Limassol maintains the highest absolute prices but shows more stable growth patterns.
Larnaca saw an 18.1% price increase in 2024-2025, driven by airport proximity, marina development, and growing international business presence. The average price per square meter in central Larnaca reached €3,867.
Paphos experienced a 21.4% price surge, the highest among major cities, fueled by the new airport terminal, improved infrastructure, and increased tourism investment. Budget properties remain available in outskirt areas.
Limassol continues as Cyprus's most expensive market with €6,485 per square meter average, but growth has moderated compared to previous years as the market approaches maturity.
All three cities show strong demand for properties under €200,000, indicating healthy market conditions for budget-conscious buyers in peripheral areas.
Are there any areas in Cyprus where properties have recently dropped in price?
Yes, certain segments of the Cyprus property market experienced price drops in 2024-2025, particularly older apartment stock and properties in oversupplied developments.
Older apartment buildings in Paphos and Famagusta saw an average 2.5% price decline as buyers favored newer constructions with modern amenities and energy efficiency.
Some resort developments built during the pre-2008 boom period experienced price corrections, especially in areas like Protaras and parts of Ayia Napa where oversupply created downward pressure.
Properties requiring significant renovation work dropped in value relative to move-in-ready alternatives, creating opportunities for buyers willing to invest in improvements.
Northern Cyprus experienced selective price adjustments in certain coastal areas due to political uncertainties and financing limitations for international buyers.
We did some research and made this infographic to help you quickly compare rental yields of the major cities in Cyprus versus those in neighboring countries. It provides a clear view of how this country positions itself as a real estate investment destination, which might interest you if you're planning to invest there.
What's the price range for properties near the beach or coastlines in the more affordable areas?
Affordable coastal properties in Cyprus range from €90,000 to €180,000 for one-bedroom apartments, with location and beach quality significantly impacting prices.
Famagusta's less developed coastal areas offer the best value, with sea-view apartments available from €90,000 to €130,000, particularly in areas like Paralimni outskirts and smaller fishing villages.
Polis coastal region provides beach-proximity properties from €110,000 to €160,000, offering excellent value compared to prime resort areas while maintaining good accessibility.
Northern Cyprus coastal areas present the lowest absolute prices, with beachfront apartments available from €75,000 to €125,000, though buyers should consider legal and political implications.
Even in affordable coastal areas, direct beachfront properties command premiums of 20-30% over properties 200-500 meters inland, but still remain significantly cheaper than prime resort locations.
How much lower are the prices in areas away from tourist hotspots?
Properties away from tourist hotspots in Cyprus are typically 30-50% cheaper than equivalent properties in popular resort areas and tourist centers.
A beachfront apartment costing €300,000 in Ayia Napa or central Paphos might be available for €150,000-€200,000 in less touristy coastal areas like rural Famagusta or Polis outskirts.
Non-tourist areas also offer significantly lower ongoing costs, with property taxes, utilities, and maintenance services priced for local rather than tourist markets.
The price differential extends beyond purchase costs to rental potential, with tourist areas commanding higher rental rates but non-tourist areas offering more stable long-term rental demand from locals.
This price gap has been widening as tourist area development increases, creating excellent opportunities for buyers seeking affordability without completely sacrificing coastal access.
What are the long-term price projections for cheaper regions in Cyprus?
Long-term price projections for affordable Cyprus regions suggest steady but moderate growth of 3-7% annually through 2025-2027, trailing behind prime markets but offering sustainable appreciation.
Larnaca and Famagusta outskirts are projected for above-average growth of 5-7% annually due to infrastructure development, airport proximity, and emerging business districts.
Rural and village properties are expected to show stable appreciation of 2-4% annually, driven by limited supply and increasing interest from retirees and remote workers seeking authentic Cyprus experiences.
Polis and northwest Paphos areas may experience 4-6% annual growth as the region develops better connectivity and amenities while maintaining its natural appeal.
Northern Cyprus presents uncertain projections due to political factors, but could see significant growth if political resolution occurs or EU relations improve.
It's something we develop in our Cyprus property pack.
Are there any hidden costs or taxes I should know about when buying property in Cyprus, especially in cheaper areas?
| Cost/Tax Type | Rate/Amount | Notes for Cheaper Properties |
|---|---|---|
| Transfer Fee | 0-8% (progressive scale) | Lower for properties under €85,000 |
| VAT (new builds) | 19% (5% for primary residence) | Rarely applies to cheap/older properties |
| Legal fees | €1,000-€3,000 | Essential for village/older properties |
| Survey/inspection | €500-€1,500 | Critical for older/rural properties |
| Stamp duty | €15-€20 | Minimal fixed amount |
| Property tax | 0-0.6% annually | Often waived for primary residence |
| Renovation costs | €10,000-€50,000+ | Common requirement for cheap properties |
Buyers of cheaper properties should particularly budget for renovation and inspection costs, as older buildings and village properties often require substantial work to meet modern standards.
Title deed issues are more common with older and cheaper properties, making legal due diligence essential and potentially more expensive in these market segments.
Utility connections in rural areas may require additional infrastructure investment, potentially adding €2,000-€5,000 to the total purchase cost.
Conclusion
This article is for informational purposes only and should not be considered financial advice. Readers are advised to consult with a qualified professional before making any investment decisions. We do not assume any liability for actions taken based on the information provided.
Cyprus offers excellent opportunities for budget-conscious property buyers, with diverse options ranging from rural village homes to coastal apartments under €100,000.
The key to success lies in thorough research, understanding local market conditions, and working with reputable professionals to navigate the purchase process in these affordable regions.
Sources
- Chris Michael Cyprus - Affordable Homes Guide 2025
- Holprop - Cyprus Properties Under €100,000
- Index Cyprus - Affordable Larnaca Properties
- Makoo - Houses Under €100,000 Cyprus
- Levantino Properties - Top Cyprus Locations 2025
- Tranio - Cyprus Property Prices
- Cyprus Property For Sale - Price Index
- Property Under 100K - Cyprus Properties
- Fox Realty Cyprus - Buying Costs 2025
- BKR - Cyprus Investment Guide 2025