Apartments for Sale in Larnaca
New-build residences in one of Cyprus's fastest-growing property markets — combining Aegean lifestyle, strong rental yields and a clear path to Cyprus permanent residency.
Enquire NowWhy Buy an Apartment in Larnaca?
Larnaca is the third-largest city in Cyprus and its fastest-growing real estate market. With a major international airport, a new €1.2 billion marina development, and some of the most accessible property prices on the island, it attracts buyers from across Europe, the Middle East and Israel.
Apartments for sale in Larnaca range from compact studios to three-bedroom residences in gated communities. Average property prices have risen steadily, with the coastal belt around Meneou, Mackenzie Beach and the marina district seeing the strongest demand.
For investors, Larnaca offers gross rental yields of 5–7% on short-term lets, driven by tourism, expats and corporate tenants linked to the energy sector — Cyprus is emerging as a major regional hub for oil and gas operations.
What Makes Larnaca Stand Out
International Airport
Larnaca Airport is Cyprus's main hub, with direct routes to 100+ destinations. Property near the airport corridor has seen the strongest capital growth on the island.
New Marina District
A €1.2 billion marina redevelopment is transforming the city's seafront into a world-class destination — driving demand for residential and investment property nearby.
Year-Round Rental Demand
Unlike seasonal resort towns, Larnaca attracts year-round tenants: expats, energy-sector workers, digital nomads and long-stay tourists, supporting stable yields.
Golden Visa Eligible
Property purchases from €300,000 in Cyprus qualify for permanent residency via the Cyprus Investment Programme — one of the fastest routes in Europe.
Lower Entry Prices
Larnaca prices average 20–30% below Limassol and Paphos, offering better value per square metre while sharing the same Mediterranean lifestyle and legal framework.
Growing Infrastructure
Major upgrades to roads, ports and digital infrastructure are underway across Larnaca district, supporting long-term capital appreciation.
The Ring — Larnaca's Most Ambitious Residential Community
Astrea's flagship Larnaca development is The Ring — a 700-home gated community in Meneou, just 5 minutes from the city centre, 8 minutes from the beach and 10 minutes from the airport.
The Ring offers 1-, 2- and 3-bedroom apartments and townhouses within a fully serviced environment: rooftop pool, gym, concierge, landscaped gardens and 24-hour security. All units are new-build to European specifications and eligible for Cyprus permanent residency.
With off-plan pricing starting from €300,000 and a phased payment structure, The Ring is designed for both owner-occupiers and investors seeking a managed property in Cyprus with strong long-term fundamentals.
Explore The RingHow to Buy an Apartment in Larnaca
FAQs — Apartments for Sale in Larnaca
Can foreigners buy apartments in Larnaca?
Yes. Cyprus has no restrictions on foreign property ownership. EU and non-EU citizens can purchase freehold apartments and villas in Larnaca with full title deed transfer and Land Registry protection.
What is the minimum investment for Cyprus permanent residency?
The Cyprus Investment Programme grants permanent residency to buyers who invest a minimum of €300,000 (plus VAT) in qualifying new-build property from a licensed developer. The Ring by Astrea meets these criteria.
What taxes and fees apply when buying in Cyprus?
Transfer fees are 3–8% of the property value (reduced for first purchases). Stamp duty is 0.15–0.20%. VAT is 19% on new builds, reduced to 5% for first-time buyers using the property as a primary residence.
What rental yields can I expect in Larnaca?
Short-term lets typically achieve 5–7% gross yields in Larnaca, driven by tourism and corporate demand. Long-term rentals achieve 4–5%. Properties within managed communities with hotel-style amenities tend to outperform the market average.
How long does the buying process take?
From reservation to handover, new-build purchases typically take the construction timeline — 18 to 36 months for off-plan projects. The legal process itself (contract signing, registration) takes 4–8 weeks.
Is Larnaca a good place for property investment?
Larnaca consistently ranks among Cyprus's top investment locations due to its airport connectivity, growing marina district, lower entry prices versus Limassol, and strong year-round rental demand from expats and tourism.
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Speak with our Larnaca property specialists about available units, pricing, payment plans and Cyprus permanent residency eligibility.
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