Townhouses in Cyprus
Today, many foreign nationals choose to buy a townhouse in Cyprus for investment and living. This is one of the most popular types of housing in the island, combining the advantages of a detached home and an apartment. Townhouses are usually located in clusters and are part of residential complexes. As a rule, this type of housing is more profitable than a detached villa.
You can find a wide array of townhouses for sale. These can be either properties on the secondary market with full furnishings and different interior finishing options, or newly built or off-plan houses, which feature a contemporary design. New gated residential complexes usually have children’s playgrounds, swimming pools, gyms, and other public spaces for residents.
Lifestyle
Apartments, townhouses, and villas in Cyprus are popular among foreigners due to the following advantages:
- Mediterranean climate with warm winters and hot summers;
- long holiday season, which is ideal for renting out properties;
- clean beaches on the Mediterranean coast;
- supportive tax legislation and a good environment for running a private business;
- optimal ratio of price to quality.
Popular cities to purchase real estate include:
- Nicosia, the capital of the island
- Larnaca
- Paphos
- Limassol
- Famagusta
- Kyrenia
In all of these cities, you can find both budget-friendly and luxury townhouses in Cyprus to suit every taste. If you prefer a dynamic resort lifestyle, choose options near vibrant beaches, promenades, beachfront restaurants, bars, and clubs. Such units will be somewhat more expensive due to its attractive location. If you are looking for a family home, it is better to choose a property close to a school, kindergarten, and shops.
Townhouse prices in Cyprus
Prices greatly depend on the quality, location, year of construction, and a number of other criteria. For example, homes from the older housing stock are usually cheaper than modern ones. Real estate located within walking distance from the sea is valued higher. The cost also depends on the total area of the house and whether it has a private garden, car parking, and other amenities.
The market of property in Cyprus offers a big variety of houses. A good example of a budget-friendly option is a 94 m² townhouse within a residential complex built in 2008 in the city of Paphos. It is priced at €125,000.
In the popular resort city of Limassol, you will find more expensive and modern options. €580,000 will get you an off-plan 95 m2 two-storey townhouse. It will be designed in a modern Bauhaus style and feature large windows, a straight roof, and functional layouts. Built in early 2023, a 141 m² two-storey townhouse with 2-car parking and a 402 m² land plot will cost the buyer €845,000.
Investment townhouses in Cyprus
Today, you can buy a townhouse in Cyprus to protect your capital from inflation and have the opportunity to rent out your property to generate passive income. The average return on housing in popular cities such as Nicosia, Paphos, and Limassol reaches 5% per year, which is a good figure for the residential real estate market.
An important advantage of investments for foreign nationals is the opportunity to obtain a permanent residence permit in the country. To do this, you need to purchase new real estate from the developer worth €300,000 or more.
Buying townhouse in Cyprus
To choose the best option for a home with a good ratio of price, quality, and location, head over to our website. For your convenience, we collect listings of houses and apartments in Cyprus from various developers and real estate agents in a single catalogue.
The catalogue also features budget-friendly secondary properties, houses in modern residential developments, and off-plan units at prices directly from the developer, including those suitable for the permanent residence programme.
To navigate the local market better, you can set prices in euros and dollars. For a quick search, use convenient filters by location, area, cost, and other parameters.