Cost of Living in Cyprus 2025: A Detailed Guide to Limassol for Investors
Limassol, Cyprus’s cosmopolitan coastal hub, continues to be a hotspot for international investors, entrepreneurs, and high-net-worth individuals. With its blend of Mediterranean charm, strategic location, and robust infrastructure, Limassol offers not only a desirable lifestyle but also a strong investment climate.
As we move through 2025, understanding the cost of living in Limassol is essential for anyone considering relocating, investing, or expanding a business in this vibrant city. This guide breaks down the key cost factors that investors and expats need to know.
1. Real Estate and Rental Market
Property prices in Limassol remain on a steady upward trend, driven by sustained demand and limited supply in premium locations.
- Apartments (City Centre): €3,500–€5,500 per m²
- Apartments (Suburbs): €2,500–€4,000 per m²
- Monthly Rent – 2 Bedroom Apartment (Centre): €1,500–€2,500
- Luxury Villas or Homes (Monthly Rent): €3,000–€7,000+
While prices may seem high compared to other Cypriot cities, Limassol offers strong capital appreciation and excellent rental yields, particularly in sought-after areas like Agios Tychonas, Germasogeia, and the Marina.
2. Utilities and Daily Expenses
Utilities in Cyprus are generally affordable, especially when compared to other EU countries. Most modern homes and commercial buildings in Limassol are equipped with energy-efficient systems, reducing long-term operational costs.
- Electricity, Water, Heating (Monthly – Apartment): €150–€250
- Internet (High Speed): €35–€50/month
- Mobile Plans: Starting from €20/month
Groceries and dining costs vary depending on lifestyle, but Limassol offers a wide range of choices from budget-friendly options to gourmet restaurants and international brands.
- Basic Monthly Grocery Bill (Single Person): €250–€350
- Meal at a Mid-Range Restaurant: €20–€35 per person
- Coffee: €3–€4
- Local Beer (Restaurant): €4–€6
3. Transportation
While Limassol is not yet served by a metro or train system, its road infrastructure is excellent, and most residents rely on private cars or taxis.
- Petrol (per litre): ~€1.45
- Public Transport (Monthly Pass): ~€40
- Taxi Start Fare: €5
- Car Purchase (New, Mid-Range): From €20,000+
For business owners and investors, the accessibility via the nearby highway and proximity to Limassol Port and Larnaca International Airport (about 45 minutes away) adds strategic value.
4. Education and Healthcare
Limassol is home to several prestigious international schools, making it an ideal location for families relocating for business or investment purposes.
- International School Fees (Annual): €7,000–€15,000
- Private Healthcare Insurance (Annual): €700–€2,000
- General Doctor Visit (Private): ~€50
Cyprus also operates GESY, a universal healthcare system accessible to residents, which significantly reduces medical expenses.
5. Business Costs & Taxation
Cyprus remains one of the most business-friendly jurisdictions in the EU:
- Corporate Tax Rate: 12.5%
- Dividend Tax: 0% for non-domiciled residents
- Personal Income Tax: Progressive rates, with the first €19,500 tax-free
- Low Social Insurance Contributions compared to other European countries
Additionally, the Cyprus IP Box Regime, startup incentives, and non-dom tax status continue to attract tech firms, fintechs, and digital nomads.
Why Limassol Remains a Smart Investment in 2025
Limassol continues to strike a rare balance: offering a high standard of living, attractive returns on investment, and a favourable tax environment—all within a secure, EU-regulated framework.
Whether you're considering purchasing residential or commercial property, establishing a company, or relocating with your family, Limassol in 2025 presents compelling value.
Thinking of investing or relocating to Limassol?
Contact The Property House for tailored property recommendations, market insights, and end-to-end support for your investment journey.