The Cyprus real estate market has been booming in recent years, with developers and constructors disseminating like mushrooms after the rain. Rival local and international companies are in constant competition for the bigger piece of the pie at this noisy party.
What makes Cyprus so attractive for almost every real estate market segment?
The resilient and stable Cyprus economy in recent years, seductive tax system, and significant infrastructure and transportation network developments on the island attract thousands of developers and investors to start new businesses. Picturesque beaches, cheap prices, and high-level services attract millions of tourists annually. European location, multiple high-ranking Universities and colleges, and again cheaper prices attract many students from all over the world to get a world-recognized degree.
Let's review some of the biggest players in this market. To better understand them, we will also compare them to the biggest car manufacturing companies.
BBF - Build Better Future
BMW of the market - 'Sheer Driving Pleasure' brand, same as BMW robust, resilient, and future-oriented.
Experience - 15 years
Portfolio - 145+ projects
Specialization - High-quality living ecosystems ranging from residential complexes to lavish villas
Cities - Limassol and Nicosia
Prices range - from 200k euro
Expertise domains:
- Development
- Property Management
- Internal Design
Pros & Cons:
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Pafilia Group
Volkswagen of the market - 'Drive Bigger' brand, backed by a big portfolio and bold commitments.
Experience - 45 years
Portfolio - 250+ projects
Specialization - Luxury residential apartments and villas
Cities - Limassol and Paphos
Prices ranges - Paphos from 200k euro, Limassol - from 450k
Expertise domains:
- Development
- Property Management
- Innovative design
- Properties Resale
- Legal and Financial services
- Cyprus residency
Pros & Cons:
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Quality Group
Audi of the market—'Progress through technology' divide-and-conquer strategy allowed the company to penetrate all real estate market domains and segments.
Experience - 30 years
Portfolio - 7,000 properties
Specialization - Residential, commercial properties, and student accommodation
Cities - Larnaca, Protaras, Nicosia, Ayia Napa, Paphos
Prices range - from 200k
Expertise domains:
- Development
- Land selection and acquisition
- Interior design and construction
- Topography
- Property management
- Legal contracts
- Legal & Immigration matters
- Students accommodation
- Rentals and resale
Pros & Cons:
Pros | Cons |
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Leptos Estate
Toyota of the market. “Let's Go Places” speaks to the company's long evolution and its commitment to leading the real estate markets worldwide.
Experience - 63 years
Portfolio - 350+
Specialization - prime locations in Cyprus, from luxurious beachfront villas to coastal condominium projects and rural properties.
Cities - Limassol and Paphos
Prices range - Requires an inquest
Expertise domains:
- Development
- Interior smart-home designs and construction
- Financial and legal services
- Property management
- Rentals and resale
- Cyprus Permanent Residency
Pros & Cons:
Pros | Cons |
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Aristo Developers
General Motors of the market - "EVerybody in" strategy allowing the company to build prominent residential spacious apartments or lavish villas
Experience - 40 years
Portfolio - 300+
Specialization - prime locations in Cyprus, from luxurious beachfront villas to coastal condominium projects and rural properties.
Cities - mostly Paphos, Peyia
Prices range - from 190k
Expertise domains:
- Development
- After-sale furnishing and maintenance
- Rentals and resale
Pros & Cons:
Pros | Cons |
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Further Reading
For portfolios of some of the above companies, please refer to New Developments In Cyprus