Limassol Real Estate — Villas, Investments & Beachfront Properties
Properties in Limassol
Why Limassol?
Limassol, city and chief port of the Republic of Cyprus. The city lies on Akrotiri Bay, on the southern coast, southwest of Nicosia; it is the island's second largest city and is also its chief tourist centre
Where do buyers focus in Limassol?
The coastal strip from the Old Town east through Neapolis and Germasogeia to the Amathus area holds most of the high rise seafront stock. The Limassol Marina and Old Town appeal to buyers who want to be in the centre. Villa buyers look to the eastern suburbs and the hills above the city for space and sea views. Our Limassol listings are concentrated in branded apartment and townhouse developments, from two bedroom apartments to larger villas.
Can foreigners buy property in Limassol?
EU nationals buy on the same basis as Cypriot citizens. Non EU nationals can buy residential property, usually with Council of Ministers approval for the transfer, which is a routine step rather than an obstacle. Buyers pay either transfer fees on a resale property or VAT on a new one, plus stamp duty and legal fees. We recommend depositing the contract of sale at the Land Registry to protect your position, and we give a full itemised cost estimate before exchange. Cyprus also has a permanent residency route tied to property investment; the minimum amount and the conditions are set by government and change from time to time, so confirm the current figure with a Cyprus lawyer rather than relying on a number you read online.
FAQ
Why do international buyers choose Limassol over other Cypriot cities?
It has the most new build seafront stock, the strongest rental and resale market, and the largest international business community, which supports tenant demand.
Is Limassol expensive compared with the rest of Cyprus?
It is generally the highest priced market on the island, particularly for seafront apartments. Paphos is the lower priced alternative.