Cyprus 7th Most Popular Spot in Europe for British Home Buyers

August 24, 2017

Cyprus is the seventh most popular European country for Britons looking to relocate or buy a second home, according to property website Rightmove.

The most popular area in the country is Paphos, followed by Famagusta, Limassol, Larnaca and Nicosia.

“A great climate in a gorgeous setting, affordable flights and relatively close to the UK – it’s no wonder we see almost 190,000 monthly searches for property in Cyprus every month at Rightmove. With almost 76,000 average monthly searches, Paphos is one of the most popular areas by far, and despite having some of the highest average enquiry prices Limassol still sees around 20,000 searches a month,” Christopher Please from Rightmove Overseas commented.

Only 5,146 people were interested in buying property Nicosia in the past year.

According to Rightmove, most inquiries were for houses in Limassol, 55 per cent, but in the other regions apartments were more popular, with Nicosia leading the list. 72 per cent of potential buyers were looking for flats in this region.

The average asking price was highest for Limassol, where property prices soar, with €329,431, and the lowest in the Famagusta area, €127,855.

The top ten countries on the list are Spain, France, Italy, Portugal, Ireland, Greece, Cyprus, Germany, Malta and Turkey.