2024's Top 13 Real Estate Projects in Cyprus

Are you looking to invest in Cyprus’s thriving real estate market and secure your dream property? It can often feel like searching for a needle in a haystack.

The challenge lies in the overwhelming amount of information, which can often lack specificity - this isn’t a reflection on you!

Kredium is here to help! We’ve compiled a comprehensive list of the top 13 real estate projects in Cyprus for 2024, complete with in-depth analysis of the Cypriot real estate landscape.

1. Ayia Marina, Famagusta

Ayia Marina is a project established in Avgorou area, Cyprus. It represents a lovely combination of traditional and modern architecture. It includes houses with optional private pools, along with maisonettes, and apartments that share a large communal pool.

RELATED: 17 Best Real Estate Developers in Cyprus

It represents the Giovani Homes aesthetic with the appealing arches and external stone that decorate each property, making it distinctive and admirable. The project is located in green fields and beautiful scenery, yet still incorporates a range of shops and everyday amenities that make life easier and more comfortable. 

Project's characteristics:

• Traditional and modern architecture

• Tranquil and picturesque

• Quality and affordable homes

• Communal or optional swimming pool

• Stone cladding

• Attractive arches

• Energy efficiency

• 15 min away beaches of Ayia Napa and Larnaca

• 25 min away Larnaca airport

2. Beachside Villas, Paphos

Beachside Villas is a development that contains 28 villas designed to beautifully blend in the natural beauty, and fit into the coastal location. It is established in a protected, private, and exclusive area, only 10 minutes from the town of Polis, and the Akamas Peninsula. Beachside Villas sit beside a long stretch of sandy beach and the Mediterranean Sea, basking in the wonderful atmosphere of Cyprus. 
 

Project's characteristics:

• Modern and Mediterranean design

• Energy efficiency

• 150 m from the sea

• 58 km from the airport

• 4 km from the supermarket

• 39 km from the golf course

• Firepits, pools, jacuzzi, outdoor fitness park

3. Alma Villas, Protaras

The Alma Villas project is located in Kapparis, one of the most well-known areas of Protaras. This area is active all year round, offers many shopping and entertainment options in winter and summer, and has some of the most amazing beaches in Cyprus. The residences are built on a large plot, have a pool, a large garden with a courtyard and a roof garden, and overlook the sea of Kapparis. 

The design is based on modern trends in architecture, making it stand out for its modern geometric lines and emphasis on detail. Alma Villas ensure safety, privacy, and peacefulness to their residents. These useful qualities and design choices make it the ultimate candidate for a permanent or holiday home in one of the most breathtaking areas of Cyprus.

Project's characteristics:

• High-quality materials

• Modern design and amenities

• Made from natural materials

• Energy efficiency

• 350 m from Kapparis beach

• 50 km from the airport

• 500 m from the supermarket and restaurant

4. Apanema Villas, Protaras

The project Apanema Villas contains ten semi-detached residences and one detached residence. Derived from the Greek word for a calm, sheltered area, Apanema Villas lives up to its name being set in a peaceful and relaxing environment of the Agia Triada neighborhood of Protaras. The outside design of the projects was done in a way to resemble and match the surrounding environment, mixing materials like wood, metal, and stone, creating a modern, yet timeless design. 

The interior of the residences is rich in natural light, and contrasting, yet complementary materials, designed to offer comfort, practicality, and a homey feeling. It is an ideal residential space to make your permanent home, or holiday get-away.

Project's characteristics:

• Timeless design

• 63 km from Larnaca Airport

• 1.2 km from the Paralimni Marina

• 800 m from the beach

• 300 m from dozens of restaurants, bars, shops, and services
  

5. Euphoria Apartments, Paralimni

Euphoria Apartments are located in Paralimni, in Cyprus, and offer a dream apartment in a beautiful city location that has it all nearby. Paralimni is a charming town with a rich history and culture, encircled with gorgeous beaches and natural beauty. The apartments are spacious and modern, with high-quality finishes and materials.

Projects' characteristics:

• Large, covered balcony

• Roof garden

• Covered parking

• Extra storage room

• 60 km from the airport

• 500 m from the supermarket

• 4 km from the beach

• 1 km from the restaurant

6. Q Napa Hotel, Ayia Napa

Q Napa Hotel in Ayia Napa aims to transform an existing two-story building into a high-standard serviced apartment complex. It consists of units that include studios and 2-bed suites, making the perfect blend of comfort and sophistication. Q Napa Hotel offers easy access to blue-flag beaches and a lot of entertainment options, enhancing Ayia Napa’s already great reputation when it comes to tourism.

Project's characteristics:

• Entrance lobby

• Breakfast area with stunning sea view

• Leisure facilities

• Outdoor pool

• Kiosk/bar

• Landscaped Gardens

• Energy efficiency

7. Kition By Radisson Collection, Larnaca

The tallest building in Larnaca, QN Kition, or Kition by Radisson Collection stands on the main road at the city’s central intersection offering views of the Mediterranean Sea, Larnaca Marina, and Finikoudes promenade.

Its total area covers 23,000 sq.m., including 9,500 sq.m. of residential space. There is a 300 sq.m. creative art gallery, and various high-end restaurants and cafes located on the 13th and 14th floors. 

Project's characteristics:

• Access to commercial areas, amenities, and private/public spaces

• Restaurant, cafe, art gallery, bar, theater, shopping plaza

• Exclusive auto-mechanic private parking

• 24-hour concierge reception service

• Gym, spa, sauna, steam baths, meeting rooms, children’s play area

• Indoor infinity swimming pool

• Breathtaking sea and city view

• Members-only clubhouse

• Energy efficiency

• 10 minutes away from the island’s largest international airport

8. Green Valley Kalavasos, Larnaca

The Green Valley Kalavasos represents a growing and developing community of people that love the suburbia, and the Cypriot lifestyle at the same time.  Kalavasos is a traditional village, that invites residents and visitors to explore its natural landscape and its numerous archeological sites nearby.

All areas in the 15,550 sq.m. of prime land are connected by private roads and pathways. Using materials like natural stone, wood finishes, and pitched roofs, the project reflects local architecture and blends in seamlessly. 

Project's characteristics:

• BBQ area

• Covered parking

• Shared pool

• Landscape gardens

• 25 minutes away from the city center of Larnaca

9. Minthis Resort - Ezousa Suites, Paphos

Minthis Resort - Ezousa Suites offers everything you’d expect from a luxury resort located in the heart of ancient olive groves, fragrant orchards, and rolling hills of the wine-producing region of Paphos. These stylish, limited-edition apartments offer the fantasy of contemporary living.

Minthis provides a more authentic, immersive, and personal resort experience since you can enjoy the unique location, and Cypriot hospitality, and connect with the breathtaking natural surroundings.  

Project's characteristics:

• Yoga zone

• Shared gym

• Shared pool and spa

• View of Sea/Water

• Energy efficiency

• Luxurious interior and design

10. Beau Rivage, Larnaca

Beau Rivage is an innovative development that blends residential and hospitality aspects, creating a dynamic, vibrant, and inclusive tourist destination. It consists of 111 hotel rooms and 66 apartments. Each unit offers captivating views of the sea and the city of Larnaca. 

There is an interesting opportunity for everyone that opts to invest in this project. Apartment owners will be able to use the marketing and management provided by the hotel to rent and manage the apartment.

Project's characteristics:

• Concierge services

• Shared gym, pool, and spa

• Restaurant

• Beautiful views of the sea/city

11. Q Harmony Resort, Larnaca

Q Harmony Resort is a complex of 8 apartment blocks located in Pyla, Larnaca. It is set on an expansive plot in a quiet residential area, between the popular villages Oroklini and Pyla. It is only a 5-minute drive away from the Dhekelia seafront, and its blue-flag beaches, bars, restaurants, and the highway network that spreads on the entire island. 

Project's characteristics:

• Covered Parking

• Shared gym, pool and spa

• Convenient location

12. Qabana Residences, Larnaca

Qabana Residences is a project that contains 8 private villas in the Psematismenos village, Larnaca. Each villa in development is designed with a luxury and comfortable living experience in mind. It is a gated and secured complex that ensures safety and privacy for the residents. 

It is between Larnaca, Limassol, and Nicosia, connecting all major cities in Cyprus, which makes it an ideal location. Qabana Residences is next to the tourist village of Zygi and popular beaches in the area, providing potential for entertainment and various activities.

Project's characteristics:

• Great location

• Security and privacy

• Luxurious and comfortable design

13. Angelico Lifestyle Apartments, Paralimni

Angelico Lifestyle Apartments is a development located in Protaras, close to Paralimni. The project is situated on a hill and offers an unobstructed sea view of Famagusta and Kapparis. Not only that but it is in one of the most popular regions of Protaras that is active all year round, providing numerous amenities and entertainment options.    

Angelico Lifestyle Apartments is composed of six blocks of apartments that ensure a sense of privacy, summer resort, and bohemian minimalist flair. They highlight the quality of their materials, their intricate design, and contemporary utilities. Spacious common areas give a sense of airy, and open space to the residents. 

Project's characteristics:

• Sea/pool view

• Private pool and/or garden

• Beautiful, contemporary design

• Great location

• Local amenities

• Beaches

• Balcony

• Covered Parking

• Shared pool

Current State of the Real Estate Market in Cyprus

The real estate market in Cyprus has been experiencing significant growth in recent years. Customer preferences, market trends, local special circumstances, macroeconomic factors, tourism, foreign investment, and commercial real estate development achieved this surge.

The real estate market has been shifting towards properties that offer a high quality of life, like luxury homes, modern apartments, and beachfront properties. The Cyprus government has implemented incentives and schemes to attract foreign inventors, like the Citizenship by Investment program, or the Cyprus Golden Visa Program.

Update on Real Estate Projects in Limassol

The real estate potential in Limassol is vast and fruitful. The city offers a wide range of properties to choose from, and potentially, invest in. The types range from luxurious beachfront villas to modern apartments with high-tech amenities

In recent years, there has been a surge in the development of residential and commercial projects in Limassol. Limassol economic prospects, rental demand, property prices, and infrastructure development have been on a positive trajectory, indicating a steady and healthy real estate market. According to the Central Bank of Cyprus, in 2023 Q2 the RPPI of Limassol has risen by 1,4%.

What is the State of Real Estate Projects in Larnaca?

Larnaca is very high in the preferences of foreign investors who are buying residential properties which drives demand and prices to unprecedented levels.

Besides the traditional development that brings building renewal, demolition of old buildings, and reconstruction of new apartment buildings in the city districts, all idle plots are being developed, and existing buildings renovated, which includes the listed buildings as well. According to the Central Bank of Cyprus, in 2023 Q2 the RPPI of Larnaca has risen by 2,7%.

Larnaca has a very favorable and beneficial geographical location. It can be a business hub, tourist destination, or service provider, but more than anything, a peaceful environment. Its international airport offers connectivity and easy traveling throughout the whole year. These convenient aspects drive the demand for Larnaca real estate investments and project developments. 

Overview of the Real Estate Projects in Paphos

Paphos’s economy is expected to grow 12,9% over the next five years, which indicates a healthy property market perspective. The city is diverse and offers variety for different budgets, and preferences with areas like Coral Bay and Peyia offering luxury options, and Tala providing a village atmosphere.

According to the Central Bank of Cyprus, in 2023 Q2, the RPPI in Paphos has grown by 2,7%. Considering that Paphos holds half of the ten biggest deals in Cyprus, totaling €12.57 million, its investment potential is evident. Projects like Soho Resort and King Residences highlight strong interest and demand, as well as possibilities for significant gains in the future. 

Take Your Next Step With Us

In the overwhelming real estate sector, finding a location and property that will match your current lifestyle and expectations is never easy. Yet, some can’t help but fantasize about basking in the warm sun or dipping your toes into some salty waters next to your beachside villa. Whereas others see themselves roaming the bustling, urban areas, surrounded by modern and intimidating skyscrapers and neon lights. 

Kredium is there to guide you through the process. Whether you love chaotic urban living or peaceful suburbia or want to know more about projects in Limassol, Larnaca, or Paphos, we are certain we can find an ideal property for you! Contact our real estate professionals today, and learn that dreams do come true!

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