In recent years, the Republic of Cyprus has remained one of the most attractive countries in Europe for foreign property buyers. Investors from the Middle East, including Israel, where the geopolitical situation encourages people to seek stability and security for life and capital, are showing particular interest.

Foreigners are purchasing not only seaside homes and apartments in Cyprus but also land plots and commercial properties—especially in tourist areas, contributing to regional development and job creation. These investments have become a key driver of the island's economic growth.

What does the law say?
Currently, Cyprus has a favorable legal framework for international buyers:

  • EU citizens can freely purchase any number of properties, just like Cypriot citizens.
  • Non-EU citizens are allowed to acquire a limited number of properties—up to two units of residential or commercial real estate, and one plot of land up to 4,000 m² (for personal use). This requires approval from the Ministry of the Interior.

However, in practice, there are flexible mechanisms that broaden investment opportunities. For example, by establishing a Cypriot company, foreigners can purchase real estate without strict limitations, a method commonly used in international markets.

New initiatives: what are the lawmakers proposing?
Recent parliamentary proposals aim to revise the rules for property purchases by non-EU nationals. Among the suggested changes:

  • Stricter control over land acquisitions through foreign-owned companies;
  • A possible return to the rule limiting non-EU buyers to one property;
  • Introduction of background checks on foreign buyers.

It is important to note that these initiatives are still under discussion, and the Cypriot government is not rushing to implement changes. Authorities emphasize that foreign investment is a vital component of the country’s economic recovery and development, especially after the 2013 financial crisis.

What does this mean for buyers?
Cyprus remains an open, stable, and attractive destination for real estate investment. By purchasing property here, foreigners not only gain comfort and security but also become part of a rapidly developing region with European living standards.