Cyprus is a popular destination for international buyers. The island is geographically part of West Asia but its social ties and proximity to Europe make for a rich culture for all.

While Paphos, the capital of the Republic of Cyprus, lies on the west coast, there is much to be discovered about the eastern coast of Cyprus, to the east of Larnaca airport.

There you’ll find beaches of golden sand, crystal-clear waters and a vibrant culture. One of the benefits of island living, particularly in southeastern Cyprus is the proximity to the coast, increasing the opportunity to enjoy fresh fish in popular Mediterranean dishes.

In this article, we’ll be focusing on southeast Cyprus, which is part of the Republic. We’ll look into the benefits of living there, highlight popular locations for international buyers and take a look at the property market there.

The benefits of living in Eastern Cyprus

Eastern Cyprus has a lot to offer, but it’s most famous for its magnificent beaches, welcoming community and notable gastronomy.

The cost of living in Cyprus, not just the east coast, is known to be quite affordable. The most recent Property Guides Cost of Living Overseas Index found that prices for everyday items were around 15% cheaper in Cyprus than in the UK, France and the USA.

If you’re moving with children, Eastern Cyprus has a range of international schools which cater to different age groups and curricula.

Eastern Cyprus is also well connected for frequent travellers. Larnaca International Airport lies in the east and provides connections to major cities across Europe, the Middle East and Africa. Both Larnaca and Limassol ports offer passenger services. Some cruise lines include Cyprus on their Mediterranean routes. There are no trains in Cyprus, but buses and taxis are available within the region, however, there are no cross-border bus services due to the division of the island.

Hence, whether you’re planning to fly in, sail, or drive around, the eastern Republic of Cyprus offers various convenient options for international and local travel.

Finally, the variety of properties available in eastern Cyprus means there’s something for everyone. From shiny new builds to traditional villas and modern apartments to village homes, eastern Cyprus has it all.

Key areas in Eastern Cyprus

Ayia Napa

Known for its beautiful beaches and vibrant nightlife, Ayia Napa is located on the southeast coast of Cyprus. It’s a bustling tourist hotspot with a rich cultural history, featuring landmarks such as the Ayia Napa Monastery. The property market here offers a range of options, from luxury villas to apartments, and is particularly attractive for those seeking a lively coastal lifestyle. Its status as a popular tourist destination also provides potential for rental income.

Properties in Ayia Napa Cyprus start from €100,000 for a one-bedroom apartment. You can expect to pay around €300,000 for a detached villa with three bedrooms and a pool.

 

Protaras

A short drive northeast of Ayia Napa, Protaras is a family-friendly resort town known for its sandy beaches and clear blue waters. It offers a more laid-back lifestyle with outdoor activities such as hiking and water sports. The property market here is diverse, with opportunities for both investment and residential properties. The area tends to attract long-term residents seeking a tranquil, beachside living experience. Homes in Protaras start at €130,000, but a three-bedroom villa would typically cost €300,000.

 

Paralimni

Located inland from Ayia Napa and Protaras, Paralimni is the largest community in the Famagusta District. It’s a blend of traditional Cypriot and modern lifestyle, offering a quieter residential feel while being close to the coastal attractions. The property market here is appealing to those seeking a more authentic Cypriot living experience. Properties range from traditional houses to modern apartments, often offering more space and privacy than their coastal counterparts. Apartments I Paralimni are super affordable, with prices starting at €115,000. New-build homes start at €140,000 and villas have starting prices of €200,000.

 

Cape Greko

This is a protected national forest park located between Ayia Napa and Protaras. Cape Greko in Eastern Cyprus offers a peaceful, natural setting with panoramic sea views and outdoor activities. The property market in the surrounding areas caters to those seeking a tranquil lifestyle close to nature. Opportunities for property ownership may be limited due to its protected status, but nearby areas offer a range of properties, from luxury villas to holiday apartments.  As for pricing, homes in Cape Greko in Eastern Cyprus start from €270,000 for a two-bedroom vila with a pool – it’s the perfect opportunity for those looking to invest in coastal living and comfort.

 

Each of these areas in Eastern Cyprus offers unique characteristics and property markets that cater to different lifestyles and investment needs. Whether it’s the vibrant energy of Ayia Napa, the serene beaches of Protaras, the traditional charm of Paralimni, or the natural beauty of Cape Greko, there’s a place for every international property buyer in eastern Cyprus.

 

If you are considering an overseas property purchase, whether for lifestyle or investment, opening a no-obligation account with FCA-authorised Smart Currency Exchange will enable you to benefit from their competitive exchange rates and specialist currency knowledge, ultimately saving you money and time. For more information, download Smart Currency Exchange’s free report or visit the Currency Zone.

Download the Cyprus Buying Guide for help every step of the way

Written by PropertyGuides for Rightmove