Developers rely on the Russian market

It is worth mentioning that there are other regions in Cyprus also popular among the Russian buyers – many Russians choose to buy property in Paphos, Larnaca and Famagusta region as well, but the island's capital Nicosia is, at the moment, the least attractive in regard to the acquisition of villas and apartments, mainly due to its long distance from the coast. Nicosia is good for purchasing commercial property or apartments for investment purposes. In general, the attitude towards Russian property buyers in Cyprus is utterly respectful. It is notable to refer to the locals’ polite and hospitable approach, and the government’s extremely simplified formalities for entering the country, as well as the effortless procedure for buying property. This is explained by the fact that Russians clients often choose to purchase elite property. According to the Cypriot agents, their best clients are from Russia; however, they are regarded as very demanding, usually quite possessive, and cautious enough to be certain to get a good value for money.