The best property developers in Cyprus

Published on 1th of May, 2024

The Best Property Developers in Nicosia

Nicosia, the capital of Cyprus, is a city where the "real Cyprus" is said to have been preserved. With its old cobbled streets, traditional low mansions, and Mediterranean charm, Nicosia offers a blend of history and modernity. As new buildings continue to rise, several top developers are shaping the city's future. Here's a look at some of the best developers in Nicosia.

1. BBF (Prime Property Group)

BBF, meaning "Build a Better Future," started as a real estate agency in 2007 and has since developed over 140 projects across Cyprus, Canada, Portugal, and Greece. They specialize in medium-sized buildings with stylish architecture and high-end interiors, featuring smart home systems and mobile app integration for full home automation.

Notable Projects in Nicosia:

• Cape Town Residence: A six-storey building with a unique facade located in the quiet Strovolos neighborhood.
• Stockholm Residence: A four-storey complex in the Acropolis district, offering luxury penthouses with rooftop Jacuzzis.

2. BuildLand Developers

Since 2004, BuildLand Developers has completed over 50 properties. They focus on land development, restoration of historical buildings, and construction of commercial properties, always ensuring high environmental standards and quality materials.

Notable Projects in Nicosia:

• The 5 Jewels Residence: A complex of five villas in Laktamia.
• 6 Top: A six-apartment building in Archangelos, blending comfort and modern technology.

3. Cyfield Group

Operating since 1990, Cyfield Group is one of Cyprus' leading developers. They work on everything from high-rise buildings to roads and public infrastructure. Cyfield is also known for generating renewable energy through solar power plants.

Notable Projects in Nicosia:

• Stasikratous Residences: A 26-floor luxury residential building in the old town.
• Cross Point: A modern seven-storey business center in Likavitos.

4. Devco Property Developers

Devco focuses on designing and building residential properties for sale or rent. Their team offers excellent customer support, helping tenants with utility billing and maintenance.

Notable Projects in Nicosia:

• Protea Apartments: Two and three-bedroom units in Dasopolis.
• Luxe Apartments: A residential complex surrounded by green spaces in Likavitos.

5. Green Properties

Green Properties is dedicated to eco-friendly construction. They use sustainable materials and design energy-efficient buildings with A+ energy ratings, incorporating features like LED lighting, thermal facades, and photovoltaic power systems.

Notable Projects in Nicosia:

• Meandros Residence: A luxury six-apartment complex in Strovolos.
• Utopia Residence: A stylish loft-style complex in Latia, with eco-friendly features.

6. Gold Heritage Properties

Gold Heritage is a young, dynamic developer known for high-quality construction and innovative designs. They combine natural wood, marble, and sophisticated lighting to create luxurious homes.

Notable Projects in Nicosia:

• Albion Residence: A five-storey building with a variety of apartment options in Lykavittos.
• Butterfly Park Residence: A complex of functional two and three-bedroom apartments in Aglandzia.

7. Nice Day Developments

Founded in 1995, Nice Day Developments is renowned for its award-winning architectural designs. Their portfolio includes high-rise buildings and townhouses, and they have received multiple awards, including a State Prize for Architecture.

Notable Projects in Nicosia:

• The Interlace: A three-storey complex of nine apartments in Agios Dometios.
• Nice Dream: A mixed-use high-rise building in Nicosia's business center, with residential units, offices, and cafes.

8. Pergamondo Eco-homes

Pergamondo Eco-homes is known for building energy-efficient homes with a focus on sustainability. Their designs feature innovative architectural solutions, thermal facades, and photovoltaic systems to reduce environmental impact.

Notable Projects in Nicosia:

• Levante Latifolia: A high-end apartment complex in the new Dali neighborhood.
• The Pine: A building with three private floors in Agios Dometios.

9. Photos Photiades Homes

With roots dating back to the 1950s, Photos Photiades Homes is part of a larger group with a strong focus on developing high-quality residential and commercial properties. Their projects are known for their geometric designs, spacious terraces, and attention to detail.

Notable Projects in Nicosia:

• The Dahlia Villa: A five-bedroom development in Carolina Park.
• Thetidos Residences: A 14-apartment complex in the Acropolis neighborhood.

 

The Best Developers in Larnaca

The city of Larnaca, located 70 km east of Limassol, is gradually becoming a profitable destination for the real estate market. Many developers are transforming this ancient city, creating promising real estate projects. In this article, we will discuss the most reliable developers we personally trust.

Panikkos Livadiotis Group

On the real estate market in Larnaca, the name Livadiotis is synonymous with exceptional quality at a reasonable price. Founded in 1972, the company is now one of the oldest and largest developers in Larnaca. It boasts a large portfolio of assets, including residential, retail, and commercial real estate. Maintaining a strong reputation as a reliable developer allows Livadiotis to continue innovating and developing high-quality projects.

Current Projects:

• In the modern Drosia area: a 2-bedroom apartment (93 m²) in Ria Court 75 (under construction) is priced at €177,000 (+ VAT).
• In the Kamares area, near the Larnaca aqueduct: a 2-bedroom penthouse (144 m²) in Ria Court 81 is priced at €187,000 (+ VAT).

In the Dhekelia area, in the coastal villages of Oroklini and Pyla, a luxurious 3-bedroom villa with a pool and a rooftop garden is being built for €665,000 (+ VAT).

Africanos Property Developers Ltd

Founded in 1997 in Larnaca, Africanos has grown from a small business to a reliable brand successfully selling premium real estate. The company is especially focused on quality after-sales service. Over the years, it has built a solid local and international clientele.

Current Projects:

• In the coastal village of Livadia, 10 minutes from the center of Larnaca, a penthouse in Marina View Residences is available. This area, along with Dhekelia, is seen as a promising investment zone.
• In the Mackenzie area, the Mackenzy Dream Residences project is being completed. The cost of 2-bedroom apartments ranges from €250,000 to €315,000 (+ VAT).

Nicolaides Properties

Nicolaides Properties is a well-known name in Larnaca's real estate market. The developer continues to surprise with new projects in both residential and commercial real estate across the city, adapting to the growing demands of new generations of customers.

Current Projects:

• In Nicolaides Residences in the quiet central Saint George area, two 2-bedroom apartments are available for around €350,000.
• In Nicolaides Palm Tree Villas, residents enjoy 24-hour views of the Mediterranean Sea. The villas offer modern architecture, roof gardens, and 3-8 bedrooms.

DexTek Group

Since 2017, DexTek Group has been creating aesthetically pleasing buildings with modern architecture. The company's first project, Park View Residence, was a success and set the stage for further growth. DexTek focuses on energy-saving technologies and renewable energy sources.

Current Projects:

• In the quiet Kamares area, the Shadow Residence project offers modern 2- and 3-bedroom apartments with spacious verandas.
• The Wave Tower project in Larnaca Marina is recognized as a masterpiece of design, combining high aesthetics with energy-saving solutions.

Plus Properties Cyprus

Founded in 2015, Plus Properties Cyprus is a subsidiary of the international holding Plus Holding, established in Beirut in 1992. The company has 58 projects in various price categories, with 43 located in Larnaca. The head of the company, Georges Chehwane, explained that Larnaca is a priority due to its potential for growth.

Current Projects:

• Plus 21 Roy Terraces in Mackenzie offers 1-2-3 bedroom apartments with terraces, private gardens, and pools. Prices range from €252,000 to €720,000 (+ VAT).
• In Livadia, the Plus 15 Tamara Gardens project offers modern 2-bedroom apartments surrounded by greenery.

Quality Property Developments

Quality Group is one of the leading developers in the Eastern Mediterranean, involved in both residential and commercial projects. Their most famous project is the futuristic QN Kition, a 23-story skyscraper under construction.

Current Projects:

• Ion Tower in the Drosia area is a 17-story commercial tower with 24-hour reception, office automation, and a gym.
• The Habitat in Aradippou offers 1-2-3 bedroom apartments starting at €202,000 (+ VAT).

Infinity Properties

Infinity Properties caters to foreign buyers looking to obtain permanent residency in Cyprus. With experience in the UK, the developer understands the needs of today’s expats.

Current Projects:

• Marina Home Residence in the New Harbor area of Larnaca offers 3- and 4-bedroom sea-view apartments.
• Coral Residence in Mackenzie is located just 69 meters from the sea and offers luxury apartments of various sizes.

Edge Development Group

Edge Development Group is a new company on Larnaca's real estate scene, selecting the best locations and building to modern standards with a focus on environmental sustainability.

Current Projects:

• Edge Residences in Aradippou offers affordable 1-2 bedroom apartments, with prices starting at €131,000 (+ VAT).
• The Park Avenue project near Larnaca’s Municipal Park offers 1-2-3 bedroom designer apartments with views of the Mediterranean and Aliki Salt Lake.

Marinakis Property Developers

Founded in 1981, Marinakis specializes in high-quality buildings with individual design in Larnaca's most prestigious locations.

Current Projects:

• In the New Harbor area: 2-bedroom apartments in Pearl House 11 range from €190,000 to €455,000 (+ VAT).
• Vergi Coastal Residences in Dhekelia offers 3- and 4-bedroom houses with plots and private pools.

Iacovou Group

With over 60 years of experience, Iacovou Group is known for large-scale projects, including hotels, commercial buildings, and bridges. Their work in Larnaca includes the Amphithea Gardens and the Hellenic Bank Larnaca Head Office.

Patroclos Group Developers

Established in 1983, Patroclos Group has a strong reputation among local residents. Their spacious apartments are quickly purchased by Cypriot families.

Current Projects:

• In central Larnaca: a 2-bedroom apartment in Carisa Miriam Residences is priced at €245,000 (+ VAT).
• Carisa Estia Residences is an investment project in the center of Larnaca, offering 1-2 bedroom apartments priced between €170,000 and €483,000.

Lefteris Livadhiotis & Sons

Founded in 1978, Lefteris Livadhiotis focuses on innovative design and reliable service, competing with international market giants.

Current Projects:

• Bayside Residences in Mackenzie offers six 3-bedroom apartments with panoramic sea views, high-end finishes, and private elevators.

New Zoe Developers

New Zoe Developers is part of the Palourtis Real Estate Agents Ltd group and focuses on building affordable, high-quality real estate in Larnaca’s center and coastal areas.

A. Akathiotis Developers

Founded in 1992, A. Akathiotis Developers specializes in coastal and luxury properties across Larnaca, Nicosia, and Protaras.

Current Projects:

• In Pervolia: Faros Luxury Apartments, a 3-bedroom house with a pool and garden, located 15 minutes from Larnaca Airport.

The Best Developers in Limassol

Limassol is a vibrant city in Cyprus, known for its modern infrastructure and real estate developments. Many people, including foreign investors, are drawn to the area for its new buildings, secondary housing, and commercial real estate. But who are the developers shaping Limassol's skyline? Below, we explore the best developers in the city, showcasing their flagship projects and contributions to Limassol’s real estate market.

1. Cybarco: A Veteran Developer

Founded in 1945, Cybarco is one of Cyprus' oldest and most respected developers. As a subsidiary of the Lanitis Group, the company has built a reputation for delivering high-quality luxury properties. Cybarco operates internationally, with offices in Qatar, Kuwait, Bahrain, Greece, Moscow, and St. Petersburg, but their base remains in Cyprus with major projects in Limassol and Paphos.

Signature Projects:

• The Oval: A distinctive egg-shaped skyscraper, a landmark on the Limassol seafront.
• Limassol Marina: An elegant residential complex offering luxury villas, apartments, and a harbor for superyachts. Property prices here start at €890,000, with exclusive villas exceeding €2.6 million.

Cybarco’s focus is primarily on luxury real estate, but they also build commercial properties and homes in the mid-range price segment.

2. Pafilia: Building Iconic Landscapes

With over 45 years of experience, Pafilia is another giant in Cyprus' real estate market. The company operates in Limassol, Paphos, and Polis, with offices across Cyprus, Greece, China, Russia, Vietnam, and Switzerland. Pafilia is known for its attention to after-sales service, ensuring clients are well cared for even after they’ve purchased a property.

Flagship Developments:

• One Tower (Limassol): A state-of-the-art residential tower with panoramic views.
• Minthis (Paphos): A luxurious residential complex featuring modern designs and upscale amenities.

Pafilia has won over 39 international awards, making it one of the most recognized developers in Cyprus.

3. Aristo Developers: Rapid Growth and Innovation

Founded in the early 1980s, Aristo Developers is one of the fastest-growing real estate companies in Cyprus, with over 265 projects to its name. The company is known for creating functional and elegant homes, apartments, and villas, particularly in Limassol and Paphos.

Notable Projects:

• Limassol Star: A new residential complex featuring tennis courts, gardens, and swimming pools, located just 10 minutes from the city center.
• Villas by the Golf Course: These villas, situated near beautiful golf courses, start at €430,000, offering a blend of luxury and nature.

Aristo Developers focuses on creating communities that provide both tranquility and convenience.

4. D. Zavos Group: Revolutionizing Urban Real Estate

Established in 1980, D. Zavos Group has brought a fresh concept to real estate and urban development in Cyprus. Their projects range from luxury residential complexes to more affordable options, catering to a diverse clientele.

Key Project:

• Del Mar Limassol: A high-end residential complex on the coast, featuring boutique shops, restaurants, and galleries. Prices for more affordable apartments in other areas, such as the Sunset Court in the Omonia district, start at competitive rates.

D. Zavos Group is well-established across multiple countries, including Jordan, Lebanon, the UAE, and Russia.

5. Leptos Estates: Mediterranean Elegance

With over 50 years in the real estate industry, Leptos Estates is one of the largest landowners in the Mediterranean. Their portfolio includes luxury villas, townhouses, penthouses, and apartments, spread across Limassol, Paphos, and Nicosia.

Standout Development:

• Blu Marine Limassol: Located on the western coast of Limassol, this project features three ultramodern residential towers with world-class amenities, including a spa, heated indoor pool, and secure underground parking. Prices for apartments range from €650,000 to €4.5 million.

Leptos Estates also offers high-quality secondary real estate, including properties at the Eden Beach Apartments, situated near the Molos Sculpture Park.

6. Cyfield Group: Meeting Modern Demands

Starting as a construction company in the early 90s, Cyfield Group has expanded into an integrated developer, offering a range of real estate services, from land purchase to construction and marketing.

Major Projects:

• Arc Ship: A high-tech residential complex in Limassol, featuring a smart home system, energy-efficient designs, and underfloor heating.
• Limassol Hill: A luxurious apartment complex in Agios Athanasios, starting at €298,000, offering stunning views and eco-friendly construction.

Cyfield Group is known for its commitment to energy efficiency, reflected in all their modern designs.

7. P.L. Property Gallery Developers & Constructors Ltd

With 20 years in the real estate business, P.L. Property Gallery has earned an impeccable reputation. The company is behind some of the most luxurious residential and commercial projects in Limassol, including collaborations with world-renowned designers.

Top Projects:

• Yoo Limassol by Philippe Starck: A luxury project designed by the famous French designer Philippe Starck, featuring a "city within a city" concept that combines living, business, and entertainment spaces.
• Platres Holiday Homes: Alpine chalet-style homes located in the picturesque mountains of Platres, offering cool summer breezes and beautiful views all year round.

P.L. Property Gallery has received 36 international awards for its innovative designs and excellent service.

8. DTA Group: Design Excellence

For over 35 years, DTA Group has been a key player in Cyprus' real estate scene. They focus on environmentally responsible projects that combine aesthetics with functionality.

Remarkable Projects:

• Guru Mountain Resort: A luxury hotel in the Platres area offering apartments for purchase.
• iHome: A pair of high-rise towers at the entrance to Limassol, featuring luxurious residences with panoramic views.

DTA Group is known for their attention to design details and commitment to sustainability.

9. Prime Property Group: Premium Class Developments

Founded in 2003, Prime Property Group is one of Cyprus' leading developers, specializing in premium residential and commercial properties. The company is known for using cutting-edge materials and offering high-quality finishes.

Highlight Project:

• Matisse Residence: Located in Limassol's elite Germasogeia area, this project offers thoughtfully designed apartments with panoramic views.
• Marco Polo Limassol: A new 12-storey seafront complex in the Pereklish area, featuring modern designs and high-end amenities.

Prime Property Group properties start from €200,000, with most prices ranging between €400,000 and €500,000.

10. Crona Property: Complete Development Services

Operating for over 15 years, Crona Group provides a full range of development services, from project design to implementation. Their projects are known for combining luxury with functionality.

Top Projects:

• Park Tower Limassol: A deluxe 11-storey residential complex in the Pyrgos area, offering a relaxed lifestyle with all the modern conveniences.
• Dasoudi Residence: A stylish apartment complex in Germasogeia, featuring a gym, sauna, swimming pool, and rooftop terraces.

Crona Group’s projects stand out for their high-end designs and commitment to quality.

11. Imperio Properties: Modern and Green

Founded in 2004, Imperio Properties focuses on sustainable designs and has received multiple awards for architectural excellence.

Iconic Buildings:

• The Icon: A high-rise tower offering luxury residences with panoramic sea views, hotel-style services, and a gym equipped with the latest fitness technology.
• Barbican Heights: Located in the hills of Panthea, this project offers spacious three-bedroom apartments with views of landscaped gardens and mountains.

Imperio Properties emphasizes adding value through smart designs, making them a favorite among investors.

12. Plus Properties Cyprus: Modern and Affordable

Since 2015, Plus Properties has been developing modern buildings across Cyprus, particularly in Limassol. With over 58 projects, the company caters to a variety of price segments, making it accessible to many buyers.

Affordable Luxury:

• A one-bedroom apartment from Plus Properties in Limassol costs €180,000, while a two-bedroom penthouse in Neapolis is priced around €500,000.

Plus Properties is a top choice for those seeking modern, affordable homes in prime locations.

13. CDA Cyprus Developers Alliance: A Network of Excellence

The CDA Group, founded in 2009, brings together 43 developers under the Cyprus Developers Alliance umbrella. This group offers more than 9,000 real estate properties across all segments.

Top Project:

• Ararat Grand Residences: An elite 24-storey residential complex on the Limassol seafront, featuring luxury finishes and advanced ventilation systems for year-round comfort.

CDA Alliance is a leader in high-end real estate, combining style and innovation in every project.

Best Real Estate Developers in Paphos

Paphos is one of the most picturesque and popular cities in Cyprus for purchasing property. It offers a wide selection of residential and commercial properties to suit every taste, from cozy apartments to luxurious villas with sea views. In this article, we will review the best real estate developers in Paphos, their achievements, projects, and reasons why they deserve the attention of investors and buyers.

Aristo Developers

Address: 8 Apriliou 1st Street, Paphos, 8011
Phone: +357 26 841800
Rating:

• Facebook: 4.3
• Google: 4.5

Why Choose Aristo Developers?

Aristo Developers is one of the oldest and most recognized construction companies in Cyprus. Founded in 1980, the company quickly gained trust due to its high-quality construction and customer service. Among their key achievements are the creation of the Paphos International School and the island's first golf courses.

Key Projects:

• Large residential complexes and premium villas
• Participation in large-scale investment projects across the island
• Full client support, including after-sales service and legal assistance.

Aristo Developers is the ideal choice for those seeking stability and reliability when purchasing property in Cyprus.

Olias Homes

Address: Eleftheriou Venizelou, Paphos 8011
Phone: +357 26 222288
Rating:

• Facebook: 5.0
• Google: 4.7

Why Choose Olias Homes?

Olias Homes specializes in the construction of exclusive luxury properties. The company is known for its boutique approach, offering clients custom-designed luxury villas and apartments. One of the company's standout features is its attention to detail and innovative design approach.

Key Services:

• Construction and interior design
• Project management and legal assistance
• Immigration services for property buyers.

Olias Homes is the choice for those who value luxury and a personalized approach.

Medousa Developers

Address: Chiou 7, Paphos 8027
Phone: +357 26 923561
Rating:

• Facebook: 4.9
• Google: 5.0

Why Choose Medousa Developers?

Medousa Developers is a company with over 20 years of experience in the construction industry in Cyprus. They specialize in building properties for both private residence and investment. The company is known for its high-quality construction and guarantees precise project execution.

Key Services:

• Full development cycle — from land acquisition to property sales
• High attention to detail and customer satisfaction
• Properties suitable for obtaining permanent residency in Cyprus.

Medousa Developers is an excellent choice for investors seeking a reliable partner with successful projects.

Kuutio Homes

Address: Nikolaou Nikolaidi Avenue, 8010, Paphos
Phone: +357 70 071313
Rating:

• Facebook: 5.0
• Google: 5.0

Why Choose Kuutio Homes?

Kuutio Homes offers luxury properties with a unique architectural design, crafted using natural materials. The company is known for its energy-efficient projects that combine beauty and functionality.

Key Features:

• Environmentally friendly materials and smart technologies
• High aesthetics and quality
• Excellent investment opportunities.

Kuutio Homes is the choice for those who value innovation and sustainability in construction.

Leptos Estates

Address: Apostolos Pavlos Ave, Paphos
Phone: +357 26 880100
Rating:

• Google: 4.4

Why Choose Leptos Estates?

Leptos Estates is a leading developer with over 60 years of experience. The company has completed more than 325 projects in prestigious locations across Cyprus and Greece. Their portfolio includes hotels, resorts, hospitals, and universities, highlighting their comprehensive approach to development.

Key Services:

• After-sales service and legal support
• Lifetime structural warranty for buildings
• Immigration and citizenship services.

Leptos Estates is a reliable choice for those looking to purchase property with a lifetime quality guarantee.

Domenica Group

Address: Dimokratias Ave 12, Paphos 8045
Phone: +357 26600700
Rating:

• Google: 4.8

Why Choose Domenica Group?

Domenica Group is one of the oldest developers in Cyprus, founded in 1961. The company played an active role in rebuilding Cyprus after the Turkish invasion of 1974 and is now a leading player in the Paphos real estate market.

Key Services:

• Construction of commercial and residential properties
• Own hotels and tourist facilities
• Flexible payment terms and full legal support.

Domenica Group is a reliable partner for those seeking a stable and experienced developer with an excellent reputation.

Pafilia Property Developers

Address: Nicodemou Mylona St., Paphos
Phone: +357 26 848800
Rating:

• Facebook: 5.0
• Google: 4.8

Why Choose Pafilia Property Developers?

Pafilia Property Developers is the largest private developer in Cyprus with over 45 years of experience. The company is known for its innovative projects and expertise in citizenship and residency programs in Cyprus.

Key Projects:

• ONE — the tallest residential building in Cyprus
• Minthis — an eco-friendly residential complex.

Pafilia Property Developers is the choice for those looking to acquire unique properties with the possibility of obtaining citizenship.

Conclusion

Paphos offers a wide selection of high-quality properties from the best developers on the island. Whether you are looking for a home for permanent residence or an investment property, this city has everything you need.