Collection › Cyprus
Updated 2026-10-01
We list 34 new-build homes in the Republic of Cyprus, from a three-bedroom home in central Paphos at €425,000 to a whole-floor sky villa in Limassol at €10.5 million. Every one is built by Pafilia Property Developers, and every one has its own page with floor area, price and our view of who it suits.
Paphos district holds 26 of the 34 homes. Most sit on the golf resort at Tsada, in the hills above Paphos, where villas run from 129 m² to 264 m² with private pools and views to the coast. Closer to town, Kato Paphos has apartments within walking distance of the harbour and seafront. West of Paphos, Peyia sits near Coral Bay, and Konia is a short drive east of town. Argaka, on Chrysochou Bay in the quieter north-west, is the choice for buyers who want to be away from the busier coast.
Limassol holds the other 8. In the city itself we list apartments at One, Pafilia's tower, and at Amathos Residences. On the hillside east of the city, Ayios Tychonas has a three-home private community and a small collection of townhouses, and Yermasoyia, on Limassol's eastern side, has a detached villa and an apartment.
13 homes are under €1 million: apartments in Paphos and Limassol, smaller villas in Peyia, Konia and Argaka, and the entry homes on the Tsada resort.
14 homes are between €1 million and €2.5 million, mostly three- and four-bedroom villas on the Tsada resort.
7 homes are €2.5 million or more: the largest Tsada villas and the upper apartments at One in Limassol.
Paphos suits second-home and retirement buyers who want space, sea or mountain views and a quieter pace, with an international airport close by. The Tsada resort adds a golf course, spa and village centre on site, which suits buyers who will lock up and leave for part of the year.
Limassol suits buyers who want a city: business, schools and a busy seafront. It is the island's most expensive market, and new-build prices per square metre there are well above Paphos.
Argaka and Peyia suit buyers who want a detached villa with a garden at a lower price than the resort, and who are happy to add a pool later.
Cyprus charges VAT or transfer fees, never both. A new home bought from a developer carries VAT at 19%, and no transfer fee. Stamp duty was abolished on 1 January 2026, and there has been no annual property tax since 2017. A reduced 5% VAT rate is available only on a home you will live in as your main residence, within area and value limits.
The most important question is whether a price is quoted with or without VAT. It changes the total by almost a fifth. Our guide sets out every cost with worked examples: The full cost of buying a new-build in Cyprus.
Gross rental yields on Cyprus property are commonly quoted at 4% to 7%, with Limassol and Paphos at the stronger end, and long-term price growth of around 3% to 5% a year. Treat these as ranges, not promises: returns depend on the home, the season and how it is let. Holiday letting in Cyprus needs a licence from the Deputy Ministry of Tourism, so check the rules before you buy with letting in mind.
Buying a new home worth at least €300,000 plus VAT from a developer can support an application for permanent residency, subject to income and other conditions. Our guide explains how it works: Cyprus permanent residency through property.
Use an independent lawyer, not one recommended by the seller. Make sure your contract of sale is lodged at the Land Registry, which protects your right to the property, and ask whether separate title deeds exist for the plot and whether any developer mortgage sits over it. Non-EU buyers, including UK citizens, also need permission from the District Office to buy, which is normally granted for a single home.