Realica Cyprus — your gateway to the island

Property in Cyprus for buyers from Israel

We select and vet new developments, help with mortgages and residency, and handle the deal until you get the keys. You can buy without leaving Israel.

commission for buyers — the developer pays us
0%
languages: English, Hebrew, Russian
3
countries: Cyprus plus 5 through partners
6
mandatory trips — the deal is done remotely
0
Realica logo — the letter R framing a Mediterranean town
  • An Israeli agency

    We speak English, Hebrew and Russian and understand how taxes and money work for Israelis.

  • Buy remotely

    Power of attorney, bank account, contract and payment — no mandatory trips to Cyprus.

  • Developer due diligence

    Permits, land, track record and contract terms — checked before you pay a deposit.

  • Cypriot bank mortgage

    We find a bank that accepts Israeli income and prepare the paperwork.

  • Full cost upfront

    VAT, fees, lawyer, rental tax — you see the total cost before you commit.

  • Support until the keys

    From the first call to the Title Deed and renting the property out.

Who is behind it

Founded by entrepreneurs who invest in property themselves

We don’t resell other people’s promises. Every property we offer is checked the way we would check it for ourselves.

Ilya Molochnikov

CEO/CTO, co-founder

Founded two video game studios, Targem and IceHill, and led them to a successful exit. Headed a unit at the R&D centre of a major global financial institution, working on AI, machine learning and big data. MSc in Computer Science (Ural State University) and MSc in Data Science (Yandex School of Data Analysis).

Vitalii Zuev

CPO, co-founder

Built and successfully sold his own distribution company. Over 5 years in real estate, including personal investments and cross-border deals. Partnerships with developers and agencies in Cyprus, Thailand and Spain. Master’s in construction engineering, experience at major construction companies, mini-MBA in investment assets.

Meet the team

Cyprus in numbers · H1 2026

A growing market that is maturing

residential deals in January–June
8,930
annual house price growth (Central Bank index)
+7.5%
gross rental yield on apartments
5.51%
of deals are new builds and resales off-plan
70.9%

Figures from our Cyprus market review. Sources: Cyprus Sotheby’s International Realty, Central Bank of Cyprus, RICS Cyprus Property Index with KPMG.

Where to buy

Four cities, four different strategies

Limassol

1,230 deals · €490m turnover

The island’s business hub with the highest prices. Steady rental demand from companies and expats.

Paphos

1,195 deals · €440m turnover

Nearly caught up with Limassol by number of deals and led growth in the mid and upper segments. Villas and holiday rentals.

Larnaca

1,081 deals · €208m turnover

The closest to Israel by flight and more affordable. A city under active development.

Nicosia

930 deals · €198m turnover

The capital: universities, government, IT. Stable long-term rentals to students and professionals.

Residential deals and turnover in Q2 2026. Source: Cyprus Sotheby’s International Realty, our market review.

Calculator

What buying really costs

The developer’s price is not the full amount. Work out VAT, lawyer, fees and mortgage costs in a minute.

Calculate the cost
Free

Cyprus market review, H1 2026

25 pages of analysis: deals, prices, rents and yields by city, from four independent sources. Delivered by our Telegram bot (in Russian).

Get it on Telegram
Why clients choose us

We work the way we would want to be treated

Real numbers

Yields and costs shown in euros and shekels, not abstract percentages.

Thorough checks

We rule out grey-area projects and properties without a Building Permit.

Transparent deal

Every document translated and explained in plain language.

We save your time

You only see what fits your budget and goal.

Israeli and Cypriot tax

We account for the fact that there is no double tax treaty between the two countries.

Still here after the deal

We help with renting, management and resale.

How buying works

Five steps from the first call to the keys

  1. Consultation

    We clarify your goal — home, rental income, residency — and budget including VAT and fees.

  2. Shortlist and checks

    We prepare 3–7 properties and check the developer, permits and contract.

  3. Reservation

    We secure the property, open an account and obtain your tax number (TIN).

  4. Contract and payment

    A lawyer on your side and contract registration with the Land Registry.

  5. Keys and beyond

    Handover, Title Deed and, if you wish, renting it out.

Not only Cyprus

Partners in other countries

Cyprus is our focus. If another country suits you better, we work through trusted partners and support the deal with the same care.

  • Thailand
  • Greece
  • Spain
  • Bulgaria
  • Georgia
FAQ

The essentials, briefly

Can an Israeli citizen buy property in Cyprus?

Yes. Non-EU buyers need a permit from the Council of Ministers of Cyprus to acquire property — a standard procedure handled by the lawyer during the deal. There are no restrictions for Israeli citizens.

Can I buy without travelling to Cyprus?

Yes. The purchase can be completed under a power of attorney, certified by a notary in Israel with an apostille or by a certifying officer in Cyprus. Drafting and certification usually cost €100–500. The contract, bank account and payment are all handled remotely.

What VAT applies to a new-build purchase?

The standard rate on new builds from a developer is 19%. The reduced 5% rate applies only to an individual’s main residence: under the new scheme 5% covers the first 130 m² and the first €350,000, total area up to 190 m², deal value up to €475,000, and you must live there for 10 years. For projects with qualifying permit dates, a transitional scheme applies until 31.12.2026: 5% on the first 200 m² with no price cap. Property bought to rent out or resell is always 19%.

How much does the deal cost on top of the price?

VAT is the main cost. Stamp duty was abolished from 01.01.2026. Registering the contract with the Land Registry costs €50 and a lawyer is typically 1% + VAT. Example: a €300,000 new build bought as an investment costs about €60,620 on top of the price (VAT €57,000, lawyer €3,570, Land Registry €50). With a mortgage, add mortgage registration (1% of the loan), valuation and insurance.

Do Cypriot banks lend to Israelis?

Yes, on specific terms: for non-EU citizens the down payment starts at 50%, the term is 15–20 years (repaid by age 65), loans are in euros only and total debt payments must stay under 40% of income. Not every bank accepts Israeli income, so we match the bank to your profile. Rates as of August 2026: fixed 2.8–3.6% for 3–5 years, variable 4.3–5.0%.

Does buying property give residency or citizenship?

Residency — yes: under Regulation 6(2), from €300,000 (plus VAT) in a new build from a developer, with proven foreign income of at least €50,000 a year (+€15,000 for a spouse, +€10,000 per child). A decision takes about two months and the status is permanent. Cyprus does not grant citizenship for investment.

How much do your services cost?

Buyers pay 0% commission: our fee is paid by the developer and the property price stays the same for you. Only the lawyer, bank and government fees are paid separately — we show the full calculation in advance. Terms for resale property and standalone services (company registration, development) are agreed individually.

All questions and answers

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