Residential ESS tender price in Cyprus 2025

How much does Cyprus property subsidy cost?

The subsidy amounts are capped at €15,000 for one-bedroom units, €25,000 for two-bedroom properties, and €35,000 for three-bedroom homes. Applications can be submitted until December 31, 2025. The average price of Cyprus property is €2,518 per 1 m².

Should you invest in real estate in Cyprus in 2025?

Investing in real estate in Cyprus in 2025 offers an excellent opportunity for capital growth, portfolio diversification, EU residency, and a stable income source. The real estate market in Cyprus has shown steady growth, fueled by the island’s popularity as an investment destination.

What is the house price index in Cyprus?

In Cyprus, the House Price Index captures price changes of all kinds of residential property purchased by households. According to the Index, the first quarter of 2024 showed a 1.4% quarterly increase and a 2.5% annual increase of real estate.

What are Cyprus's real estate taxes?

Cyprus's real estate taxes are divided into VAT, property transfer tax, and stamp duty. VAT is only imposed on new real estate; its standard rate is 19%. The VAT rate may be reduced to 5% if the property is the investor's first in Cyprus and they plan to live there.

Why are new properties so expensive in Cyprus?

New properties in Cyprus are typically sold at higher prices due to factors like modern design, updated technology, and energy efficiency. Additionally, new properties are subject to VAT, which can significantly increase the overall cost. Most new properties are currently purchased off-plan, driven by high demand.

Why are Cyprus property prices rising?

Over the past five years, Cyprus property prices have grown between 5 and 8% annually. This rise is driven by strong demand from international buyers, especially in coastal and tourist-heavy areas. In Cyprus, the House Price Index captures price changes of all kinds of residential property purchased by households.