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:

Pros Cons
  • High-quality development suitable for the highest living standards
  • Fully operated properties
  • High-quality development suitable for the highest living standards
  • Locations - The company always chooses project locations at highly potential districts
  • Prices - relatively high prices, though, can be flexible depending on the stage of project development

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:

Pros Cons
  • High-quality development
  • Fully operating properties
  • Help with acquiring Cyprus permanent residency
  • Prices - Limassol projects are pretty expensive

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
  • Wide range of properties with varied prices, locations, and potentials
  • Turnkey providers - will buy, rehab, sell and rent a property for you
  • There is a lack of projects in the cities with the most significant potential, like Limassol and Paphos

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
  • A most experienced player in the market with a wide range of provided services
  • Most current projects are luxury villa properties at exorbitant prices

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
  • Affordable villas in Cyprus villages
  • Affordable apartments in Paphos and Nicosia
  • Almost a lack of presence in Limassol, Larnaca, Nicosia

Further Reading

For portfolios of some of the above companies, please refer to New Developments In Cyprus