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Buying Property in Limassol Made Simple for Foreigners

February 11, 2025
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Read Time:23 Minute, 7 Second

Cyprus’s second-largest city, Limassol, is a prime spot for real estate opportunities. Its central location — just 85 km from Nicosia, 45 km from the Troodos Mountains, and 65 km from Larnaca Airport — makes it super accessible. With excellent infrastructure, including highways, international schools, and healthcare, it’s a highly desirable place to invest. Property prices range from €3,500 per m² in budget areas to €8,000 per m² in top neighborhoods like Agios Tychonas. Investors should consider amenities, growth potential, and demand in different areas. Limassol investment opportunities are great, making it a hot commodity in the Mediterranean market. So, let’s go through the buying process as a foreign investor.

Which Neighborhood in Limassol is Right for You?

As the demand for new real estate projects in Limassol increases, especially in 2025, knowing which neighborhoods offer the best investment opportunities is crucial. Here’s an overview of the key areas to consider when purchasing property.

Neapolis

Neapolis is one of Limassol’s most popular and central areas. It offers a combination of affordable and upscale housing. Its central location makes it a highly convenient choice for families and professionals. Convenient proximity to schools, stores, dining options, and key amenities is ideal for those close to the city center. Property prices in this area range from €3,000 to €5,600 per m², depending on the type and location.

Best for: Families and city lovers.
Key Advantage: Central location with everything nearby.
Why Choose It: Offers a mix of affordability and convenience in a prime area of Limassol.

Agios Tychonas

Known for its luxury properties, Agios Tychonas is the place to be if you’re looking for high-end living. This coastal area features stunning sea-view villas, luxurious residences, and high-quality developments. Property prices here start at €6,000 per m² for villas, with apartments starting from €4,000. But prices vary greatly, from €10,000 to €20,000 per m². It’s the ultimate destination for those looking to live the high life by the beach!

Best for: Luxury homebuyers and short-term luxury rentals, offering high returns for investors.
Key Advantage: Sea views and upscale living.
Why Choose It: Agios Tychonas offers a mix of elegance and seaside allure, making it a tempting pick for anyone chasing the good life in style!

Germasogeia

Germasogeia offers a variety of properties, including apartments, houses, and family homes, with easy access to Dasoudi Beach. This district is green and ideal for those seeking a balance between a relaxed lifestyle and being close to the city’s action. Property prices range from €3,800 to €8,000 per m², depending on the chosen property, making it a desirable area.

Best for: Expats, families, and beach lovers.
Key Advantage: Proximity to the beach and a variety of property types.
Why Choose It: Ideal for those seeking an active yet relaxing lifestyle near the beach and city center.

Old Town

The Old Town of Limassol is the heart of the city’s heritage and culture. With traditional houses, narrow streets, and local shops, this area offers a one-of-a-kind lifestyle. Properties are more affordable here, ranging from €2,500 to €4,000 per m². However, buyers should be aware that there may be restrictions on modernizing or renovating historical buildings.

Best for: History lovers and those seeking cultural experiences.
Key Advantage: Historic charm and affordable properties.
Why Choose It: The Old Town offers an authentic living experience in Limassol’s historical center at a more affordable price.

Pissouri

Pissouri is a peaceful, picturesque village located just outside Limassol. Known for its quiet atmosphere and beautiful beaches, it is perfect for those seeking peace away from the urban grind. Property prices range from €2,000 to €3,000 per m², making it an attractive option for those seeking a holiday home or a peaceful second residence.

Best for: Retirees or people seeking a quiet second home.
Key Advantage: Tranquil environment with scenic beaches.
Why Choose It: It is ideal for relaxation and for those seeking a slower pace of life while still within Limassol’s reach.

Agia Fylaxeos

Agia Fylaxeos offers spacious homes with panoramic views of Limassol and the coastline. This area is known for its large plots of land and offers an excellent opportunity for those who want more privacy and space. Prices for houses here range from €3,500 to €5,000 per m², and it’s ideal for those interested in luxury living with a peaceful atmosphere.

Best for: Those seeking spacious homes and privacy.
Key Advantage: Large plots and stunning views.
Why Choose It: Agia Fylaxeos offers a luxurious, private living experience with plenty of space and incredible views.

Erimi-Kolossi

Erimi-Kolossi, located on the outskirts of Limassol, offers more affordable properties in a quiet suburban setting. It’s ideal for families looking for spacious homes at lower prices. Property prices here range from €2,000 to €3,000 per m², offering good value for money while still being close enough to Limassol for daily commuting.

Best for: Families looking for affordable options.
Key Advantage: Peaceful suburban setting with lower property prices.
Why Choose It: Erimi-Kolossi offers a quiet, family-friendly environment at a lower price point than central Limassol.

Mesa Geitonia

Mesa Geitonia is a rapidly developing neighborhood that combines affordability with accessibility. Located just minutes from Limassol’s city center, it is an excellent choice for young families and first-time buyers. The area offers modern apartments and townhouses at competitive prices, and with ongoing developments, property values are expected to rise. Prices range from €3,000 to €5,500 per m².

Best for: First-time buyers and families.
Key Advantage: Affordable modern housing close to the city.
Why Choose It: Mesa Geitonia provides a practical entry into the Limassol property market with excellent growth potential.

Pareklisia

Pareklisia is a peaceful coastal area just outside Limassol, offering a mix of luxury villas and budget-friendly homes. Popular with retirees and those looking for a serene escape, Pareklisia provides a relaxed lifestyle with easy access to the beach and the city. Property prices start at €2,500 per m² and go up to €6,500 for high-end homes.

Best for: Retirees and holiday home buyers.
Key Advantage: Quiet seaside living with modern conveniences.
Why Choose It: Pareklisia is perfect for those seeking tranquility while staying close to Limassol’s vibrant attractions.

Kato Polemidia

Kato Polemidia is an emerging real estate hotspot in Limassol, offering affordable properties with strong investment potential. This district is undergoing rapid development, with new residential and commercial projects transforming the area. Prices currently range from €2,800 to €4,500 per m², making it an attractive choice for young professionals and investors.

Best for: Budget-conscious buyers and investors.
Key Advantage: Future growth potential with lower property prices.
Why Choose It: Kato Polemidia offers an excellent opportunity to invest in a neighborhood on the rise.

Each area in Limassol brings its unique character and appeal. Whether you’re looking for luxury residential projects in Limassol, family-friendly areas, or a more peaceful residential atmosphere, there’s something for everyone in this vibrant city.

Legal Rules for Foreign Buyers

Limassol is one of the most popular cities in Cyprus for foreign buyers. According to Cyprus Real Estate News, over 1,500 foreigners bought properties in Limassol in 2024. With new residential projects and stable market trends, the city will continue to attract buyers in 2025. A significant advantage is that the home-buying process is simple and standard, like anywhere else. However, there are a few things that foreigners need to understand.

Learn Who Can Buy Property in Limassol

In Limassol, property ownership is available to almost everyone, but there are some important rules to remember. Here’s what you need to know:

You can buy as many properties as possible from the EU.
If you’re from outside the EU, you can buy one property (a house, apartment, or land up to 4,014 m²).
Buying additional properties requires permission from the Council of Ministers. This process usually takes about one month and is straightforward.
Non-EU buyers must apply with personal identification documents, a sales agreement, and a property description. The approval process typically takes 1–2 months, but the purchase process can continue in the meantime.
There are no restrictions on commercial property for non-EU investors, meaning you can freely purchase shops, offices, or other business spaces.
Non-EU buyers looking to purchase high-value properties (minimum €300,000) can also apply for Cyprus’s Golden Visa program, which grants permanent residency.

Hire a Lawyer

Hiring a local lawyer is essential for foreign buyers to ensure that all legal aspects are covered:

A lawyer ensures the property is legally sound and free of issues. They will verify the title deeds (ownership documents) and prepare the sale agreement.
Hiring a local lawyer to avoid legal complications and complete the process smoothly is highly recommended. It is also essential that the lawyer speaks your preferred language and has a good reputation.
Legal fees typically range from 1% to 2% of the property price, and some lawyers may charge a fixed fee. For official information, you can visit the Cyprus Bar Association.
All buyers must comply with Cyprus’s Know Your Customer (KYC) regulations. This involves providing proof of income, tax residency, and the source of funds. These steps are required by banks and authorities to meet international anti-money laundering (AML) standards.

Know the Fees and Taxes You Will Pay as a Foreigner

For foreigners buying property in Cyprus, the fees and taxes are generally the same as for local buyers. Still, a few extra considerations may apply depending on your nationality and property type. Here’s a breakdown of what foreign buyers should know:

Transfer Fees (3-8%): These apply to all buyers, but the percentage is based on the property’s value. If you are purchasing a property over €350,000, the higher end of the fee range (8%) will be applied.
VAT (5% or 19%): Foreign buyers also pay VAT on new properties. First-time buyers benefit from a reduced % VAT rate of 5% on the first €200,000 of the property value, while others will pay the standard VAT rate of 19%. Note that resale properties are not subject to VAT.
Stamp Duty (0.15-0.20%): Foreigners pay stamp duty on property transactions, calculated based on the purchase price or market value, whichever is higher.
Mortgage Availability: What does the Online Mortgage Advisor say? Foreigners can apply for a mortgage in Cyprus, but banks often require a higher down payment, typically 30-40%, compared to Cypriot residents, who may only need 20%.
Municipal Tax: Foreign buyers must also pay annual taxes, which vary by location but generally cost between €100 and €200 per year.

Cyprus Land Registry reports that 10-15% of property deals are delayed yearly due to paperwork problems. Understanding the legal rules mentioned above is crucial to avoid complications.

Black and silver calculator for calculating taxes

How the Property Buying Process Works in Limassol

The process is relatively straightforward if you’re looking to buy property in Cyprus, especially with the rise of upcoming real estate in Limassol. The process typically takes 1-3 months, but it can vary depending on your situation — whether you’re a non-EU citizen needing additional approvals or an investor applying for the Golden Visa. Here’s how the property buying process works, step by step:

Step 1: Find the Right Property

You can start by browsing property listings on platforms like Anisad or working with a local real estate agent. Whether you’re interested in residential or commercial properties, your agent will help you find the best options.

Step 2: Hire a Lawyer

You’ll need a local lawyer to make sure everything is legal. They’ll verify the title deeds, review the contract, and guide you. Reputable lawyers can be found through the Cyprus Bar Association, or you can ask your real estate agent for recommendations.

Step 3: Make an Offer and Pay a Deposit

Once you find a property you like, negotiate with the seller and agree on a price. After that, you’ll sign a preliminary agreement and pay a deposit, typically 10-15% of the property price.

Step 4: Apply for Permission (Non-EU Buyers)

If you’re not from the EU, you can apply for permission from the Council of Ministers by submitting an application to the District Land Registry Office with the required documents. Approval is typically granted without issue, but it can take up to two months. During this time, the contract signing and payment arrangements can still proceed.

Step 5: Secure Financing if Needed

If you need a mortgage, Cyprus banks offer loans to foreigners, with a down payment typically ranging from 30-40%. Make sure you have your financing secured before signing the final agreement.

Step 6: Pay Taxes and Complete the Purchase

Be prepared to pay taxes like transfer fees (3-8%) and VAT (5% for first-time buyers, 19% for others). After settling these costs, you’ll sign the final purchase agreement with the help of your lawyer.

A woman in a blue shirt calculates taxes on a calculator

Step 7: Register the Property

Finally, you will transfer the property ownership to your name at the Land Registry Office. Once registered, it is officially yours!

Considerations for Commercial Real Estate in Limassol

Unlike residential properties, there are no restrictions on commercial real estate for non-EU buyers, making it a great option for investors looking to bypass ownership limits. When buying, there are a few key things you’ll need to keep in mind:

Zoning Laws: Make sure the property is zoned for commercial use. Limassol has different areas for residential, commercial, and mixed-use properties, so it’s essential to check that your property is in the correct zone through the Department of Town Planning and Housing.
Rental or Leasing Potential: If you’re buying for investment, consider the rental demand in the area. You want to ensure a steady leasing market. Some spots, like Limassol Marina or the city center, are hot for commercial rentals, so you should focus on those.
Government Approval: If you’re not from the EU, you might need extra approval from the Council of Ministers, especially for more significant commercial properties. Your lawyer can help with this.

These are just some things to watch out for, but with proper planning, buying commercial property in Limassol can be smart!

An empty street in Limassol in the daytime

What Types of Property Can You Buy in Limassol?

According to the Cyprus Property News, Limassol remains a dominant player in the high-end property market, contributing €16.7 million from the ten highest-value transactions in October 2024 alone. This strong demand reflects the city’s appeal to local buyers and international investors. However, Limassol also has plenty of affordable options for budget-conscious buyers or investors looking for properties below market value. Here’s a closer look at the types of properties available for purchase.

Affordable Apartments

If you’re on a budget or looking for an investment property, affordable apartments and studios are a solid option. Prices start around €150,000, making them ideal for first-time buyers. Studio apartments and smaller one-bedroom units are particularly popular among young professionals and students, offering a low-cost entry into the market. These compact homes are also in high demand for rentals, making them great for investors. Neighborhoods like Kapsalos, Kato Polemidia, and parts of Mesa Geitonia offer good value, with easy access to essential services. These areas are also developing rapidly, meaning property values could rise in the future.

Resale Properties

Resale homes are often cheaper than new builds and come fully furnished, so you can move in immediately. Areas like Neapolis, Mesa Geitonia, and Agios Nikolaos are great spots for finding resale properties, offering the perks of established neighborhoods with all the conveniences. Older apartments in these areas can be found below market value, especially if they require minor renovations. With some upgrades, they can become stylish modern homes or profitable rental units.

Luxury Homes

If you’re after something more luxurious, Limassol has plenty of high-end luxury residential developments in Cyprus, including stunning sea-view villas, modern apartments with pools, and high-end penthouses. Prices start at around €500,000 but can go much higher depending on the location. For the best spots, consider Agios Tychonas and Amathus, where you’ll find exclusive living with world-class amenities. These areas are also top choices for short-term luxury rentals, making them excellent for investment.

Fixer-Uppers

Are you not afraid of a bit of DIY? You can find properties priced under €100,000 that need some work. Fixer-uppers are great if you want to add your style and increase their value over time. Areas like Pissouri and Agios Nikolaos are known for older homes that can be transformed into something special. Distressed properties or foreclosures in Limassol can sometimes be purchased at a discount, offering buyers a chance to secure a great deal. However, it’s important to work with a knowledgeable real estate agent to navigate these opportunities smoothly.

Investing in Land

For those looking to build their own home or invest in development projects, buying land can be a cost-effective option. Plots located further inland or away from high-demand coastal areas are generally priced below market averages. These properties provide great long-term value as the city continues to expand. Limassol’s property market offers something for every budget and lifestyle — whether you’re looking for an affordable apartment, a renovation project, or a luxury villa with sea views. With a mix of new developments, resale properties, and up-and-coming areas, there are plenty of ways to find great value in this thriving real estate market.

Picturesque view of the coast with cliffs and land

What Amenities Do Properties in Limassol Offer?

Limassol’s property market is booming, with various amenities designed to cater to modern lifestyles. According to Cyprus Property News, the real estate sector in Limassol has seen an increase of 20% in residential developments from 2024 to 2025, emphasizing luxury and convenience. These developments not only focus on high-quality living spaces but also on creating an all-encompassing lifestyle for residents. Here’s a breakdown of what you can expect:

Modern Facilities

Many new residential projects in Limassol include gyms, pools, and private spas. However, developments like Westminster Residences go above and beyond by offering shared workspaces, lounges, and concierge services. These popular extras make daily life more comfortable and luxurious:

Swimming pools: They are a major highlight, especially in Cyprus’s warm Mediterranean climate. Many modern complexes provide private or communal pools, complete with sun loungers, shaded areas, and even poolside cafés.
Fitness Centers: High-end developments offer on-site fitness centers with state-of-the-art equipment, eliminating the need for separate gym memberships. Some even provide personal trainers and wellness programs.
Spa and Wellness: Luxury apartments may also include spa and wellness facilities, such as saunas, steam rooms, or private massage suites, adding a retreat-like experience to everyday life.

Smart Home Features

Automation has become a standard feature with the rise of smart home projects in Limassol. Expect properties equipped with systems to control lighting, heating, air conditioning, and security — all from your smartphone. Developers like Icon and Trilogy are leading the way in incorporating these cutting-edge technologies.

Energy-efficient apartments with solar panels and smart climate control systems help reduce electricity bills, offering long-term savings.
High-end buildings integrate smart security solutions, including facial recognition entry systems and app-controlled locks.

Security and Maintenance Services

Many properties now prioritize safety, with CCTV surveillance, 24/7 security, and gated access. Luxury developments often include on-site security personnel and secure entry systems.

On-site property management services handle everything from maintenance and repairs to tenant management for rental units.
International buyers or part-time residents benefit from included security services, ensuring their properties are well-maintained even when unoccupied.

Parking Options

Parking is a key consideration for many buyers, and newer developments cater to modern needs with:

Designated parking spaces are often included in the apartment price.
Secure underground parking with gated access, available in high-end properties.
Electric vehicle charging stations reflect the growing demand for eco-friendly infrastructure.
Luxury developments sometimes offer valet parking services for added convenience.

Recreational and Communal Infrastructure

Shared amenities like rooftop gardens, co-working spaces, and recreational zones are increasingly common in Limassol’s residential projects.

Communal rooftop terraces with BBQ areas are a great feature for social gatherings.
Luxury residences may include clubhouses and private lounges for events and meetings.
Family-friendly buildings offer secure play areas and activity rooms for children, making them ideal for families.
Pet-friendly properties provide dedicated pet parks and grooming stations, catering to animal lovers.

Why These Amenities Matter

These features are designed to enhance the comfort of living and add value to your investment. Whether you’re buying to live in or rent out, properties with these amenities tend to attract higher rental yields and resale values.

Apartments with pools and gyms report rental returns up to 15% higher than those without.
Concierge services and luxury amenities can add €50,000 to €100,000 to an apartment’s market value in premium areas.
Properties with on-site management services are in high demand among international buyers, making them a smart investment.

Future of Limassol Real Estate

Limassol is undergoing a real estate transformation, with cutting-edge projects and sustainable innovations leading the way. The city accounts for over 30% of luxury residential developments in Cyprus, attracting investors and buyers worldwide. With prices rising steadily and demand for innovative, eco-friendly homes increasing, Limassol’s real estate market is more dynamic than ever.

Exciting Upcoming Developments

These developments highlight the city’s commitment to sustainability, smart home technology, and high-quality living standards.

Westminster Residences (Completion: 2026)

In the heart of Limassol, near the Marina, Westminster Residences is a high-end project offering premium apartments with breathtaking sea views. The development boasts smart home features, a rooftop pool, and exclusive access to fitness and wellness facilities. Its central location is perfect for professionals and families who value connectivity and a modern urban lifestyle.

Average Prices: Starting from €750,000 for a two-bedroom apartment.
Apartment Sizes: 120 to 200 m².

Midori Residences (Completion: 2026)

Midori Residences, located in the quiet Germasogeia area, is a prime example of sustainable real estate in Limassol. The project incorporates green rooftops, solar panels, and energy-efficient designs, making it an excellent choice for environmentally conscious buyers.

Average Prices: Starting from €350,000 for a two-bedroom apartment.
Apartment Sizes: from 108 m².

Shinko Residences (Completion: 2025)

Planned for the prestigious Amathus area, Shinko Residences combines contemporary architecture with cutting-edge smart home technologies. The development is just steps away from luxury hotels and pristine beaches, making it a top choice for those seeking a premium coastal lifestyle.

Average Prices: From €600,000 for a two-bedroom apartment, penthouses exceed €2 million.
Apartment Sizes: from 110 m².

Melrose by MySpace (Completion: 2025)

The Melrose development is designed to offer a contemporary living experience. Located in a well-connected area of Limassol, this project focuses on sustainability, modern architecture, and high-quality amenities. Its features include energy-efficient systems, landscaped green spaces, and residential units tailored for modern lifestyles.

Average Prices: Starting from €779,000.
Apartment Sizes: from 115 m².

Trilogy Limassol Seafront (Completion: 2025)

The Trilogy project comprises three high-rise towers that combine residential, office, and retail spaces. Located on the seafront, this development offers a mix of luxury apartments, commercial offices, and a public plaza.

Average Prices: Starting from €850,000.
Apartment Sizes: from 110 m².

Limassol Marina Expansion (Completion: 2027)

Aerial View of Limassol Marina in Cyprus

The Limassol Marina is already a landmark in the city, offering luxury waterfront residences, dining, and shopping. The planned expansion will include:

Average Prices: Starting from €1.2 million for a two-bedroom apartment.
Apartment Sizes: from 200 m².

Limassol Greens – A New Golf Community (Completion: 2026)

Limassol Greens is a modern residential project combining nature and new golf courses. Located near Limassol, the development offers stylish villas and apartments that provide privacy while maintaining proximity to the city’s famous beaches.

Average Prices: Starting from €480,000 for a two-bedroom apartment.
Apartment Sizes: from 125 m².

Eco-Friendly and Smart Living

Developers prioritize energy-efficient and sustainable real estate in Limassol. Projects like Midori Residences and Neapolis Smart EcoCity are setting new standards by incorporating:

Solar-powered facilities and energy-efficient designs to reduce utility costs.
Water recycling systems to promote eco-conscious living.
Smart home technology, allows homeowners to control lighting, heating, and security remotely.

These innovations are reshaping Limassol’s property market, making it more attractive to global investors.

Investment Growth

The schedule is attached on a white board

With property prices growing by 5–7% annually, Limassol offers a home and a long-term investment opportunity. Its focus on luxury, innovation, and sustainability ensures it remains a leading destination in the Mediterranean real estate market.

Seafront properties and smart developments tend to appreciate faster due to high demand.
Mixed-use projects (like Trilogy) are gaining popularity, offering a combination of residential, commercial, and retail spaces.
High-end real estate in Limassol is expected to see continued demand, particularly from international buyers.

How to Choose the Right Area in Limassol

Limassol’s real estate market continues to evolve, offering a mix of luxury, innovation, and sustainability. From high-rise towers like The Icon to eco-conscious developments like Midori, the city’s future looks promising. Choosing the perfect area in Limassol depends on your goals, budget, and lifestyle preferences. Here’s a guide to help you make the best decision.

Define Your Goals

Before buying property, think about what you want to achieve:

Investment: If you want to rent the property, focus on areas with high tourist or commercial demand, such as Germasogeia or Neapolis.
Family Living: Peaceful and safe neighborhoods, such as Agios Tychonas or Mesa Geitonia, offer schools and parks, making them ideal for families.
Vacation Property: If you’re buying for leisure, look for locations near the beach, such as Amathus or Limassol Marina.

Consider Your Budget and Property Type

a person calculates their income in euros

The area you choose will significantly impact property prices:

Affordable Areas: Kapsalos offers apartments starting at €100,000.
Mid-Range Options: Properties in Germasogeia and Neapolis start at €250,000 for apartments.
Luxury Properties: Sea-view villas in Agios Tychonas begin at €500,000 and go higher depending on amenities.

Explore the Infrastructure

Good infrastructure is a key factor when choosing a neighborhood:

Schools: Families should consider areas with international schools, such as Potamos Germasogeias.
Shops and Restaurants: Areas like Neapolis and Limassol Marina are ideal for urban convenience.
Transportation: Ensure the area is well-connected to other parts of the city.

Consult with a Real Estate Agent

A local real estate agent can help you navigate the market, provide insights into current trends, and highlight the pros and cons of each area. This is especially important for foreign buyers unfamiliar with Limassol’s real estate landscape.

Conclusion: Finding Your Perfect Home in Limassol

Limassol’s property developments in 2025 are set to see continued growth, fueled by luxury projects, smart technology, and a focus on sustainability. With rising property values, strong investment potential, and increasing demand for premium homes, the city is solidifying its position as Cyprus’s premier real estate destination. Key developments like Westminster Residences, Midori Residences, and Trilogy demonstrate Limassol’s commitment to innovation, modern living, and high-end lifestyles. Investing in 2025 offers a unique opportunity to be part of the city’s exciting transformation. Waiting until 2026 may result in missing out on early-stage growth, as demand accelerates and property prices rise further.

About Post Author

Andrew Leroy

Andrew Leroy is a writer for the Anisad.com blog with extensive industry experience. His articles provide readers with a unique perspective on the housing market, covering the latest trends, investment tips and creative ideas for improving spaces. A specialist in legal and financial aspects.