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Why should you living in Cyprus?

Our experience and professional team could help you have your own seaview house in a sunshine country, Cyprus.

Where the following are applied to have
the highest quality standards of living:

Key location– located in the Eastern Mediterranean at the cross roads of Europe, Asia and Africa.
Excellent Educational System – As English private schools are providing primary and secondary education in the majority of the cities in Cyprus.
Safe and Comfortable Lifestyle, with really good Health care structure.
Low crime rate.
→ Majority of population has excellent knowledge of English language.

  • KEY LOCATION 100% 100%
  • LOW CRIME RATE 28% 28%

A former British colony, Cyprus became independent in 1960 following years of resistance to British rule. Tensions between the Greek Cypriot majority and Turkish Cypriot minority communities came to a head in December 1963, when violence broke out in the capital of Nicosia. Despite the deployment of UN peacekeepers in 1964, sporadic intercommunal violence continued, forcing most Turkish Cypriots into enclaves throughout the island. In 1974, a Greek Government-sponsored attempt to overthrow the elected president of Cyprus was met by military intervention from Turkey, which soon controlled more than a third of the island. In 1983, the Turkish Cypriot administered area declared itself the “Turkish Republic of Northern Cyprus” (“TRNC”), but it is recognized only by Turkey. A UN-mediated agreement, the Annan Plan, failed to win approval by both communities in 2004. In February 2014, after a hiatus of nearly two years, the leaders of the two communities resumed formal discussions under UN auspices aimed at reuniting the divided island. The most recent round of negotiations to reunify the island were suspended in July 2017 after failure to achieve a breakthrough. The entire island entered the EU on 1 May 2004, although the EU acquis – the body of common rights and obligations – applies only to the areas under the internationally recognized government, and is suspended in the area administered by Turkish Cypriots. However, individual Turkish Cypriots able to document their eligibility for Republic of Cyprus citizenship legally enjoy the same rights accorded to other citizens of EU states.
source: https://www.cia.gov/library/publications/the-world-factbook/geos/cy.html

Location:Middle East, island in the Mediterranean Sea, south of Turkey; note – Cyprus views itself as part of Europe; geopolitically, it can be classified as falling within Europe, the Middle East, or both
Geographic coordinates:35 00 N, 33 00 E
Map references:Middle East
Area:total: 9,251 sq km (of which 3,355 sq km are in north Cyprus)
land: 9,241 sq km
water: 10 sq km
country comparison to the world: 170
Area – comparative:about 0.6 times the size of Connecticut
Land boundaries:total: 156 km
border sovereign base areas: Akrotiri 48 km, Dhekelia 108 km
Coastline:648 km
Maritime claims:territorial sea: 12 nm
contiguous zone: 24 nm
continental shelf: 200-m depth or to the depth of exploitation
Climate:temperate; Mediterranean with hot, dry summers and cool winters
Terrain:central plain with mountains to north and south; scattered but significant plains along southern coast
Elevation:mean elevation: 91 m
lowest point: Mediterranean Sea 0 m
highest point: Mount Olympus 1,951 m
Natural resources:copper, pyrites, asbestos, gypsum, timber, salt, marble, clay earth pigment
Land use:agricultural land: 13.4% (2011 est.)
arable land: 9.8% (2011 est.) / permanent crops: 3.2% (2011 est.) / permanent pasture: 0.4% (2011 est.)
forest: 18.8% (2011 est.)
other: 67.8% (2011 est.)
Irrigated land:460 sq km (2012)
Population distribution:population concentrated in central Nicosia and in the major cities of the south: Paphos, Limassol, and Larnaca
Natural hazards:moderate earthquake activity; droughts
Environment – current issues:water resource problems (no natural reservoir catchments, seasonal disparity in rainfall, sea water intrusion to island’s largest aquifer, increased salination in the north); water pollution from sewage, industrial wastes, and pesticides; coastal degradation; erosion; loss of wildlife habitats from urbanization
Environment – international agreements:

party to: Air Pollution, Air Pollution-Nitrogen Oxides, Air Pollution-Persistent Organic Pollutants, Air Pollution-Sulfur 94, Biodiversity, Climate Change, Climate Change-Kyoto Protocol, Desertification, Endangered Species, Environmental Modification, Hazardous Wastes, Law of the Sea, Marine Dumping, Ozone Layer Protection, Ship Pollution, Wetlands

signed, but not ratified: none of the selected agreements

Geography – note:the third largest island in the Mediterranean Sea (after Sicily and Sardinia); several small Cypriot enclaves exist within the Dhekelia Sovereign Base Area

source: https://www.cia.gov/library/publications/the-world-factbook/geos/cy.html

Population: 1,237,088 (July 2018 est.)
country comparison to the world: 158
Nationality:noun: Cypriot(s)
adjective: Cypriot
Ethnic groups:

Greek 98.8%, other 1% (includes Maronite, Armenian, Turkish-Cypriot), unspecified 0.2% (2011 est.)

note: data represent only the Cypriot citizens in the government-controlled area of Cyprus

Languages:Greek (official) 80.9%, Turkish (official) 0.2%, English 4.1%, Romanian 2.9%, Russian 2.5%, Bulgarian 2.2%, Arabic 1.2%, Filipino 1.1%, other 4.3%, unspecified 0.6% (2011 est.)
note: data represent only the government-controlled area of Cyprus

Orthodox Christian 89.1%, Roman Catholic 2.9%, Protestant/Anglican 2%, Muslim 1.8%, Buddhist 1%, other (includes Maronite, Armenian Church, Hindu) 1.4%, unknown 1.1%, none/atheist 0.6% (2011 est.)

note: data represent only the government-controlled area of Cyprus

Age structure:0-14 years: 15.64% (male 99,390 /female 94,053)
15-24 years: 13.25% (male 89,265 /female 74,607)
25-54 years: 47.11% (male 308,190 /female 274,632)
55-64 years: 11.62% (male 68,952 /female 74,842)
65 years and over: 12.38% (male 66,209 /female 86,948) (2018 est.)
Dependency ratios:

total dependency ratio: 42.3 (2015 est.)
youth dependency ratio: 24 (2015 est.)
elderly dependency ratio: 18.3 (2015 est.)
potential support ratio: 5.5 (2015 est.)

note: data represent the whole country

Median age:total: 37.2 years
male: 35.9 years
female: 38.7 years (2018 est.)
country comparison to the world: 68
Population growth rate:1.27% (2018 est.)
country comparison to the world: 86
Birth rate:11.2 births/1,000 population (2018 est.)
country comparison to the world: 174
Death rate:6.8 deaths/1,000 population (2018 est.)
country comparison to the world: 133
Net migration rate:8.3 migrant(s)/1,000 population (2018 est.)
country comparison to the world: 11
Population distribution:population concentrated in central Nicosia and in the major cities of the south: Paphos, Limassol, and Larnaca
Urbanization:urban population: 66.8% of total population (2018)
rate of urbanization: 0.75% annual rate of change (2015-20 est.)
Major urban areas – population:269,000 NICOSIA (capital) (2018)
Sex ratio:at birth: 1.05 male(s)/female
0-14 years: 1.06 male(s)/female
15-24 years: 1.2 male(s)/female
25-54 years: 1.12 male(s)/female
55-64 years: 0.92 male(s)/female
65 years and over: 0.76 male(s)/female
total population: 1.04 male(s)/female (2018 est.)
Mother’s mean age at first birth:28.8 years (2014 est.)
note: data represent only government-controlled areas
Life expectancy at birth:total population: 79 years
male: 76.2 years
female: 81.9 years (2018 est.)
country comparison to the world: 52
Health expenditures:7.4% of GDP (2014)
country comparison to the world: 68
Literacy:definition: age 15 and over can read and write (2015 est.)
total population: 99.1%
male: 99.5%
female: 98.7% (2015 est.)
School life expectancy (primary to tertiary education):total: 15 years
male: 14 years
female: 15 years (2015)

source: https://www.cia.gov/library/publications/the-world-factbook/geos/cy.html

Country name:

conventional long form: Republic of Cyprus
conventional short form: Cypruss
local long form: Kypriaki Dimokratia/Kibris Cumhuriyeti
local short form: Kypros/Kibris

etymology: the derivation of the name “Cyprus” is unknown, but the extensive mining of copper metal on the island in antiquity gave rise to the Latin word “cuprum” for copper

note: the Turkish Cypriot community, which administers the northern part of the island, refers to itself as the “Turkish Republic of Northern Cyprus” or “TRNC” (“Kuzey Kibris Turk Cumhuriyeti” or “KKTC”)

Government type:

Republic of Cyprus – presidential republic; “Turkish Republic of Northern Cyprus” (self-declared) – parliamentary republic with enhanced presidency

note: a separation of the two main ethnic communities inhabiting the island began following the outbreak of communal strife in 1963; this separation was further solidified when a Greek military-junta-supported coup attempt prompted the Turkish military intervention in July 1974 that gave the Turkish Cypriots de facto control in the north; Greek Cypriots control the only internationally recognized government on the island; on 15 November 1983, then Turkish Cypriot “President” Rauf DENKTAS declared independence and the formation of the “TRNC,” which is recognized only by Turkey


name: Nicosia (Lefkosia/Lefkosa)
geographic coordinates: 35 10 N, 33 22 E
time difference: UTC+2 (7 hours ahead of Washington, DC, during Standard Time)
daylight saving time: +1hr, begins last Sunday in March; ends last Sunday in October

etymology: a mispronunciation of the city’s Greek name Lefkosia and its Turkish name Lefkosa, both of which mean “White City”; the Greek name may derive from the Greek phrase “leuke ousia” (“white estate”)

Administrative divisions:6 districts; Ammochostos (Famagusta); (all but a small part located in the Turkish Cypriot community), Keryneia (Kyrenia; the only district located entirely in the Turkish Cypriot community), Larnaka (Larnaca; with a small part located in the Turkish Cypriot community), Lefkosia (Nicosia; a small part administered by Turkish Cypriots), Lemesos (Limassol), Pafos (Paphos);
note – the 5 “districts” of the “TRNC” are Gazimagusa (Famagusta), Girne (Kyrenia), Guzelyurt (Morphou), Iskele (Trikomo), Lefkosa (Nicosia)
Independence:16 August 1960 (from the UK); note – Turkish Cypriots proclaimed self-rule on 13 February 1975 and independence in 1983, but these proclamations are recognized only by Turkey
National holiday:Independence Day, 1 October (1960);
note – Turkish Cypriots celebrate 15 November (1983) as “Republic Day”
Legal system:

mixed legal system of English common law and civil law with European law supremacy

International law organization participation:This entry includes information on a country’s acceptance of jurisdiction of the International Court of Justice (ICJ) and of the International Criminal Court (ICCt); 59 countries have accepted ICJ jurisdiction with reservations and 11 have accepted ICJ jurisdiction without reservations; 122 countries have accepted ICCt jurisdiction. Appendix B: International Organizations and Groups explains the differing mandates of the ICJ and ICCt.

accepts compulsory ICJ jurisdiction with reservations; accepts ICCt jurisdiction

Citizenship:citizenship by birth: no
citizenship by descent only: at least one parent must be a citizen of Cyprus
dual citizenship recognized: yes
residency requirement for naturalization: 7 years
Suffrage:18 years of age; universal
Executive branch:

chief of state: President  Nikos ANASTASIADIS (since 28 February 2013); the president is both chief of state and head of government; note – vice presidency reserved for a Turkish Cypriot, but vacant since 1974 because Turkish Cypriots do not participate in the Republic of Cyprus Government
head of government: President Nikos ANASTASIADIS (since 28 February 2013)

cabinet: Council of Ministers appointed by the president; note – under the 1960 constitution, 3 of the ministerial posts reserved for Turkish Cypriots, appointed by the vice president; positions currently filled by Greek Cypriots

elections/appointments: president directly elected by absolute majority popular vote in 2 rounds if needed for a 5-year term; election last held on 28 January 2018 with a runoff on 4 February 2018 (next to be held in February 2023)

National symbol(s):Cypriot mouflon (wild sheep), white dove; national colors: blue, white
National anthem:

name: “Ymnos eis tin Eleftherian” (Hymn to Liberty)

lyrics/music: Dionysios SOLOMOS/Nikolaos MANTZAROS

note: adopted 1960; Cyprus adopted the Greek national anthem as its own; the Turkish Cypriot community in Cyprus uses the anthem of Turkey

source: https://www.cia.gov/library/publications/the-world-factbook/geos/cy.html

Economy – overview: The area of the Republic of Cyprus under government control has a market economy dominated by a services sector that accounts for more than four-fifths of GDP. Tourism, finance, shipping, and real estate have traditionally been the most important services. Cyprus has been a member of the EU since May 2004 and adopted the euro as its national currency in January 2008.

During the first five years of EU membership, the Cyprus economy grew at an average rate of about 4%, with unemployment between 2004 and 2008 averaging about 4%. However, the economy tipped into recession in 2009 as the ongoing global financial crisis and resulting low demand hit the tourism and construction sectors. An overextended banking sector with excessive exposure to Greek debt added to the contraction. Cyprus’ biggest two banks were among the largest holders of Greek bonds in Europe and had a substantial presence in Greece through bank branches and subsidiaries. Following numerous downgrades of its credit rating, Cyprus lost access to international capital markets in May 2011. In July 2012, Cyprus became the fifth euro-zone government to request an economic bailout program from the European Commission, European Central Bank and the International Monetary Fund – known collectively as the “Troika.”

Shortly after the election of President Nikos ANASTASIADES in February 2013, Cyprus reached an agreement with the Troika on a $13 billion bailout that triggered a two-week bank closure and the imposition of capital controls that remained partially in place until April 2015. Cyprus’ two largest banks merged and the combined entity was recapitalized through conversion of some large bank deposits to shares and imposition of losses on bank bondholders. As with other EU countries, the Troika conditioned the bailout on passing financial and structural reforms and privatizing state-owned enterprises. Despite downsizing and restructuring, the Cypriot financial sector remains burdened by the largest stock of non-performing loans in the euro zone, equal to nearly half of all loans. Since the bailout, Cyprus has received positive appraisals by the Troika and outperformed fiscal targets but has struggled to overcome political opposition to bailout-mandated legislation, particularly regarding privatizations. The rate of non-performing loans (NPLs) is still very high at around 49%, and growth would accelerate if Cypriot banks could increase the pace of resolution of the NPLs.

In October 2013, a US-Israeli consortium completed preliminary appraisals of hydrocarbon deposits in Cyprus’ exclusive economic zone (EEZ), which estimated gross mean reserves of about 130 billion cubic meters. Though exploration continues in Cyprus’ EEZ, no additional commercially exploitable reserves have been identified. Developing offshore hydrocarbon resources remains a critical component of the government’s economic recovery efforts, but development has been delayed as a result of regional developments and disagreements about exploitation methods.

Agriculture – products:citrus, vegetables, barley, grapes, olives, vegetables; poultry, pork, lamb; dairy, cheese
Industries:tourism, food and beverage processing, cement and gypsum, ship repair and refurbishment, textiles, light chemicals, metal products, wood, paper, stone and clay products
Industrial production growth rate:

13.4% (2017 est.)

country comparison to the world: 5

Labor force – by occupation:agriculture: 3.8%
industry: 15.2%
services: 81% (2014 est.)
Unemployment rate:11.1% (2017 est.)
13% (2016 est.)

source: https://www.cia.gov/library/publications/the-world-factbook/geos/cy.html

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How can LAVECO help you? 

For more than two decades, our company has been providing the best investment services in the real estate market primarily to foreign clients, whether it is a company or an individual. Our office is located in Larnaca, Cyprus.  

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Ready-to-buy properties in Cyprus

We offer you properties for sale in Cyprus with sea view; beachfront villas,  luxury apartments with pool etc.
We’ll help you to buy your next house in Cyprus. 
Browse our latest deals and choose your dream home!  

Pernera – Protaras


Residents can choose from 2, 3 or
4-bedroom villas with reasonable prices, all of which boast a roof garden offering spectacular views of the Eastern coastline and a comfortable internal area ranging from 97 square meters to 164 square meters. 



In the buzzing seaside town of Protaras, just minutes from the clear, azure waters of the Mediterranean, one may find the nine Halki Villas. Designed in such a way as to allow uninterrupted sea views from every vantage point, each home features clean, straight lines that allow the beauty of their surroundings to shine through.



Each villa is thoughtfully designed, featuring clean, straight lines and a sparkling white exterior that is adorned with stone elements reminiscent of the island’s traditional village homes. Carefully placed cutouts and exterior timber louvers allow the sea breeze to ventilate the
entire home naturally.

Ayia Thekla


Inspired by the beauty of classic Greek architecture this project is located in Ayia Thekla just 50m from the sea front. The new Marina of Ayia Napa can be found just 1.5km away. The project has been cleverly designed by offering to all villas sea-views and easy access from the projects footpaths to the natural coastline.



Residences are a set of three villas that make up the ideal permanent or holiday home in Protaras. Residences are a set of three villas that make up the ideal permanent or holiday home in Protaras. Located within close proximity of some of the island’s most beautiful golden sand beaches.

Kapparis – Protaras


A piece of Mediterranean Heaven. Those seeking that something extra within the Mythical Sands Resort should look no further than the four semi-detached Mythical Elite Villas. Those seeking that something extra within the Mythical Sands Resort should look no further than the four semi-detached Mythical Elite Villas.

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LAVECO Ltd. was established in 1991, in Hungary, and since then has been registering and administering companies in Hungary and other countries, opening bank accounts and providing services related to the support of the companies it has registered.

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