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Property in Larnaca Cyprus

Property in Larnaca

A guide aimed at overseas property buyers wishing to buy property in Larnaca Cyprus

Cyprus is the third largest island in the Mediterranean Sea. The Republic of Cyprus is divided into six districts: Nicosia (the capital, Greek: Lefkosia, Anglicised: Nicosia), Ammochostos (Famagusta), Keryneia (Kyrenia), Larnaka (Larnaca), Lemesos (Limassol), and Pafos.

Larnaca District is one of the six districts of Cyprus. Its main town is Larnaca.

Recent History

A small part of the district was occupied by the Turkish army in 1974, and is currently controlled by the Turkish Republic of Northern Cyprus which is not recognized internationally.

The importance of Larnaca

It has a population of 72,000 (end of 2001) and is the island's second commercial port and an important tourist resort. To the north of the town lies the island's oil refinery, while to the south of Larnaca the International Airport is situated. The town also hosts the Hala Sultan Tekke mosque which is sometimes referred to as the third holiest site in Islam.

The attraction of Larnaca

The city of Larnaca is well-known for its picturesque sea-front which includes rows of palm trees. Much of the activity is centred on the city promenade during the major festivals. The most important of these for the city of Larnaca is Kataklysmos or the Festival of the Flood, celebrated in early summer with a series of cultural events.

Property in Larnaca

Property in Larnaca is amongst the lowest priced in the Mediterranean. You can buy a property in Larnaca starting at about £37,000 CYP. The reason why property in Larnaca is cheaper is because it has not been developed as fast as other towns in Cyprus.

Property for sale in Larnaca

Property in Larnaca

Why buy a property in Larnaca

Cyprus allows the purchaser to become a resident
Purchasing property in Larnaca is based on English financial and legal system
Prices for property in Larnaca are low and offer value for money
The futures of prices are set to rise with high foreign and domestic demand.
Tourist visits are increasing each year and offer good rental prospects
The cost of living in Larnaca, Cyprus is approximately 30% lower than in the UK.
No language barrier 90% of people living in Cyprus speak English
Cars drive on the left and all road signs are in English as well as Greek.
Average temperatures only dip below 70F (21C) between November and April, and the country can boast on average 300 days of sunshine per year.

Property investor advice

It is of the utmost importance that when buying property in Cyprus to use respected and qualified lawyers who will make clear the implications of buying property in Northern Cyprus. Title deeds need to be clarified and the buyer should be aware of any risks when buying property abroad.

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Useful Cyprus resources