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Cyprus

For every type of asset, BNP Paribas Real Estate – Valuation has local valuers that can answer your property valuation needs across Cyprus. Multinational companies have been drawn to the island nation thanks to governmental incentives for foreign and local investors. Discover what the Cypriot property market has to offer.

Property valuation in Cyprus

BNP Paribas Real Estate – Valuation is able to address the real estate valuation needs of clients for all property asset types in Cyprus.

Understanding Cypriot property value

Our real estate experts know the local market and rental values in the Cypriot property market. Cyprus is an English-speaking Eurozone country strategically located between Middle East and Africa making it an interesting location for occupiers, investors and banks in the EMEA region.

With a population of approximately 1.17 million* Cyprus is very well connected to Western Europe thanks to its thriving port towns and cities. Larnaca and Paphos’ international airports connect the island to major European capitals. Cyprus’ 2008 entry into the Eurozone sparked significant changes in infrastructure. Inter-city connections, integrated bus services in every city, island-wide bike rental services and a major telecommunications overhaul are just a few of the developments undertaken by the island in recent years. 

The Cypriot real estate market has historically been divided into two submarkets: the major urban centres of Nicosia, Limassol and Larnaca (primarily driven by local demand) and resort cities such as Paphos (mostly driven by foreign demand). In recent years, governmental incentives are stimulating investment and attracting foreign buyers all over Cyprus, especially in the port cities of Limassol and Paphos. Traditionally, the Cypriot property market is dominated by the residential sector, with the island’s geography dictating the dynamics of its various submarkets. **

Property valuation in Cyprus: Nicosia, Limassol, Paphos and Famagusta

PROPERTY VALUATION IN Nicosia

 

The capital city of Nicosia is the financial centre of Cyprus. It is home to the public sector and most of the large businesses operating on the island. Old Nicosia will soon be dubbed the city’s “Creative Business District” as the municipality makes room for innovative businesses along Lidinis Street. There has also been an increase in demand for new offices just outside of the city, as key road arteries make work commutes easier.

 

PROPERTY VALUATION IN Limassol

 

 

Limassol is Cyprus’second largest city and serves as a major port for both industrial and passenger traffic. With advanced facilities and warehouses, Limassol has become a major centre for logistics. The city is also a popular hub for international cruise ship “stop overs,” making it an attractive location for tourism industries in Cyprus.

 

 

PROPERTY VALUATION IN Paphos and Famagusta


The seaside cities of Paphos and Famagusta are also prime tourist destinations in Cyprus. Paphos’ beaches make it an ideal location for tourists. As a result, the cities have booming retail and hotel industries.

Our property experts in Cyprus can evaluate local rental value and market value in order to perform an effective property valuation of your assets on the island.

 

*Source: World Bank
**Source: BNPPRE Office Handbook 2017

Our team in Cyprus: 

Our dedicated valuers understand the Cypriot property market and how it’s evolving. Local BNP Paribas Real Estate – Valuation agencies can guide you in the valuation of your property for every asset type across the island. 

 

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Our real estate experts bring you an answer adapted to your needs

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