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Non-Cypriot nationals are allowed to buy a single property (or land to build a property) in Cyprus, so long as the land on which the property is located does not exceed 4,000 square metres in size.
Typical property prices, in (GB)GBP, are as follows, although it should be noted that prices are significantly cheaper in Northern Cyprus than in the south:
1 bed flat GBP60,503
2 bed flat GBP84,818
2 bed house GBP123,567
3 bed flat GBP101,397
3 bed house GBP176,799
4 bed house GBP270,061
(source: www.findaproperty.com).
Finance may be available from local and international banks, usually for up to 70% of the value of the property.
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