Explore over 23,000 Properties Across Cyprus
Managing Director
The Man Behind G&P Lazarou Estate Agents
With more than 33 years in the Cypriot property market, Petros set the standards our consultants work to every day. Message him directly: he will either point you to the right person for your property, or take it on himself.
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What We Offer
Explore a curated range of properties across premier locations, from coastal villas and suburban homes to city apartments, executive offices, and development land. We help you identify the right opportunities, shortlist your options, and negotiate the best possible terms.
With 33 years of market leadership, we position your property for maximum return. From accurate valuation and strategic pricing to targeted marketing campaigns and access to our extensive buyer network, we ensure seamless exposure and the best possible sale price.
Discover a wide range of verified residential and commercial rental properties, from modern city apartments and family homes to executive office spaces. We simplify your search, assist with contract negotiations, and ensure a seamless rental process from viewing to move-in.
Selling real estate online is an honest and fully transparent process for both the seller and the bidder. G & P Lazarou’s online auction platform and auction process is easy and transparent, both for the seller and the buyer of a real estate.
Our office provides comprehensive support for the Cyprus Permanent Residency by Investment framework. We assist international clients with property selection and legal coordination. Therefore, our goal is to help you obtain residency efficiently. Ultimately, our specialized Cyprus real estate services focus on enhancing the long-term value of your investment.
With decades of experience in property valuations, we know exactly how to determine the true market value of your asset. Our specialized consultants provide accurate, reliable and fully documented appraisals, so you can make informed decisions when selling, buying or investing in real estate.
We support companies with relocation and property-related decisions. Our team can assist you in finding office space and handling property management.
Additionally, we provide guidance on:
If you are planning to build your own home, we can support you from concept to completion. Through close collaboration with reputable developers, we help you identify the right plot. In addition, we proudly act as your project manager to coordinate the full construction process for your new villa or business premises.
About Us
G&P Lazarou Estate Agents was established in 1993, from a small office in Nicosia consisting of just 2 people, growing into one of Cyprus's most trusted estate agencies with offices across the island.
Current market position and service scope
Launch of online auctions / AI-powered search
Milestone in agents and developer partnerships
Opening of additional / regional offices
Company founded
Blog & News
Cyprus is small enough that you can drive from one city to another in an hour or so. That makes it tempting to think the choice doesn't matter much. It does. Each city has its own rhythm, its own job market and its own kind of daily life. Where you settle will shape your commute, your weekends, your children's schooling and how quickly you feel at home.Here's an honest look at all four.Nicosia: the working capitalNicosia is where the government, most ministries, many banks, embassies and several universities are based. If your job is in the public sector, diplomacy, banking, law or academia, there's a good chance it's here.It feels less international on the surface than Limassol, but it's a real, lived-in city with established neighbourhoods, good schools and a lively old town. Property and rents are generally more reasonable than in Limassol.The trade-offs are the climate and the location. Being inland, Nicosia gets hotter in summer and cooler in winter than the coast, and the nearest beach is a drive away.Limassol: international and fast-pacedLimassol has become the island's main business hub for international companies, particularly in shipping, finance and technology. It has a large expat community, a busy seafront, a wide choice of international schools and plenty to do.All of that comes at a price. Limassol is usually the most expensive city in Cyprus to buy or rent in, and competition for good properties can be strong. Traffic at peak times is also part of daily life.Larnaca: central and easy-goingLarnaca is home to the island's main airport, which makes it practical for anyone who travels often. It sits roughly between Nicosia and Limassol, so both are within reach.The city is smaller and calmer than Limassol, with a pleasant seafront and a more relaxed pace. Property prices have generally been more accessible than in Limassol, which has drawn growing interest from both families and investors.Paphos: slower pace, coastal livingPaphos, in the west, has its own airport, a strong tourism character and a slower way of life. It's popular with retirees and with people who work remotely or don't need to be close to Nicosia.It offers beautiful coastline and a rich history. The main drawback is distance: if your work or regular commitments are in Nicosia, Paphos is the furthest of the four.Questions that usually decide itWhere will you work? A daily commute between cities adds up quickly, and most people in Cyprus rely on a car.Do you have children? Check school options and places early, especially for international schools.What kind of life do you want? Do you want a city routine, a sea view, a strong expat community, or quiet?What's your budget? The same money buys very different homes in Limassol and in Larnaca or Nicosia.How often will you travel? Being close to an airport matters more than many people expect.Rent first, then buyIf you're new to Cyprus, renting for a few months before buying is often a wise move. It lets you test the commute, get to know the neighbourhoods and see where you actually spend your time. Many people end up choosing a different area from the one they first had in mind.With offices in Nicosia, Larnaca and Limassol, G&P Lazarou Estate Agents can help you compare areas, find the right home to rent or buy, and settle in with confidence. Get in touch through gplazarou.com or call us at +357 22024949 and one of our consultants will contact you.Discover available houses for sale in CyprusView residential plots for sale in CyprusExplore modern apartments for sale in CyprusBrowse commercial properties for sale in CyprusDiscover available houses for rent in CyprusExplore modern apartments for rent in CyprusView residential plots for rent in CyprusBrowse commercial properties for rent in Cyprus
Read MoreTwo apartments come up in the same week. One is listed at a noticeably lower price per square metre, so on paper it looks like the better deal. Then you visit. It's on the ground floor, faces a busy road, and a good part of its "area" turns out to be verandas. The other one, priced higher per metre, suddenly looks very different.Price per square metre is one of the most quoted figures in property. It's quick, easy to compare and sounds objective. Used carefully, it's a helpful starting point. Used on its own, it can point you in the wrong direction.First question: which square metres?Not every listing measures the same thing. Some quote only the internal covered area. Others add covered verandas, uncovered verandas, a share of common areas, or even a roof garden.A simple example shows why this matters. Take a property priced at €260,000 with 100 m² of internal space and 30 m² of verandas. Divide the price by 130 m² and you get €2,000 per square metre. Divide by 100 m² and it becomes €2,600. It's the same property and the same price, but the figure tells a very different story.Before comparing, always ask how the area was measured. Then check it against the title deed and the approved plans. If an enclosed veranda is being counted as living space without a permit, that's an issue in its own right.Smaller properties usually cost more per metreA one-bedroom flat will almost always have a higher price per square metre than a three-bedroom apartment in the same building. The kitchen and bathroom cost much the same to build whatever the size of the flat, and smaller units have a wider pool of buyers. So comparing a studio with a family apartment on price per metre alone doesn't tell you much.What the number leaves outPrice per square metre treats every metre as equal. Buyers don't. The figure says nothing about:Floor level and view.Orientation and natural light.Age and condition.Layout and how well the space is used.Covered parking and storage.Energy efficiency.The state of the building and its common expenses.Title deed status and permits.Two properties with exactly the same price per metre can be very different purchases.Area averages can mislead tooYou'll often hear that an area "goes for" a certain amount per square metre. Averages like these mix new and old buildings, good and poor locations within the same district, and asking prices with actual sale prices. They're useful for a general sense of the market, not for judging a specific property.What about plots?With land, price per square metre of the plot can be especially misleading. What really matters is how much you're allowed to build, which depends on the planning zone and the building density. Two plots of the same size and price can have very different value if one allows twice as much construction. That's why developers usually look at price per buildable square metre rather than plot size.How to use the figure properlyUse price per square metre as a filter, not a verdict:Make sure you're comparing the same type of area.Compare similar properties: similar size, age, floor and location.Look at what properties actually sold for, not just what they're listed at.Then look beyond the number at everything it leaves out.If you want a clear picture of what a specific property is worth, G&P Lazarou Property Valuation provides property valuation services across Cyprus. Contact the team at +357 22024949 or valuation@gplazarou.com.Discover available houses for sale in CyprusView residential plots for sale in CyprusExplore modern apartments for sale in CyprusBrowse commercial properties for sale in CyprusDiscover available houses for rent in CyprusExplore modern apartments for rent in CyprusView residential plots for rent in CyprusBrowse commercial properties for rent in Cyprus
Read MorePicture an investor with a set budget and two options on the table. The first is a spacious three-bedroom apartment in a sought-after part of Nicosia. The second is a pair of one-bedroom flats in a good area a little further out. The total cost is about the same, but the two choices lead to very different experiences over the next ten years.There's no universal winner here. The right choice depends on what you want the investment to do for you and how much involvement you're willing to have.The case for two smaller propertiesThe biggest advantage is spreading your risk. With one property, an empty month means no income at all. With two, if one tenant leaves, the other is still paying.Smaller units also tend to appeal to a wide pool of tenants: young professionals, couples and people new to the city. Demand for this kind of property is often steady.Two properties also give you flexibility later. If you need cash, you can sell one and keep the other. With a single larger property, it's all or nothing.The downside of owning twoTwice the properties usually means twice the work:Two tenancy agreements.Two sets of repairs.Two buildings with their own common expenses and management committees.Two sets of purchase costs, such as legal fees and transfer fees.Smaller flats also see more tenant turnover, and every change of tenant brings cleaning, minor repairs and possibly a gap in rent.The case for one larger propertyOne property is simpler to own. One tenant, one building, one set of paperwork. Larger homes in prime locations often attract tenants who stay longer, such as families settling in an area for their children's schools or professionals on multi-year contracts.Well-located larger properties can also hold their appeal better over time, because the supply of good family homes in established areas is limited. And if you ever plan to live in the property yourself, or pass it on to your children, one quality home may suit you better than two small units.The risks of putting everything in one placeThe flip side is concentration. If the tenant leaves, your income stops completely until you find a new one. If the area changes or a problem appears in the building, everything you've invested is affected. The pool of tenants for higher-priced rentals is also smaller, so finding the right one can take longer.Questions to ask yourselfDo you want steady income, long-term growth, or a mix of both?How much time do you want to spend managing tenants and repairs, or will you use a property manager?How will you finance the purchase, and what does your bank say about one loan versus two?Might you need to sell part of your investment in the coming years?Could the property serve a personal or family purpose later on?Your answers will usually point you in one direction more clearly than any general rule.Get the numbers right before you decideCompare both options on the same basis: realistic rent, common expenses, maintenance, purchase costs, financing and periods without a tenant. Speak to your accountant or tax adviser as well, since the tax treatment of your rental income and future sale can affect which option makes more sense for you.If you're weighing up an investment, G&P Lazarou Estate Agents can help you compare properties, rental demand and locations so you can make an informed decision. Get in touch through gplazarou.com or call us at +357 22024949 and one of our consultants will contact you.Discover available houses for sale in CyprusView residential plots for sale in CyprusExplore modern apartments for sale in CyprusBrowse commercial properties for sale in CyprusDiscover available houses for rent in CyprusExplore modern apartments for rent in CyprusView residential plots for rent in CyprusBrowse commercial properties for rent in Cyprus
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