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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 maximum 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 makes the whole process quick and easy.
Our office provides comprehensive support for the Cyprus Permanent Residency by Investment framework. We assist international clients with property selection and legal coordination. Our goal is to help you obtain residency efficiently. 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, provided in cooperation with G&P Lazarou Property Valuation, provide 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 as a two-person office in Nicosia and has grown into one of Cyprus's most trusted estate agencies with offices across the island.
3 offices, 70+ property consultants, 430+ partner developers and AI-powered property search across Cyprus.
Launch of our online property auction platform.
Partnerships with 250 developers and a team of 25 property consultants.
Opening of our Limassol office (April) and Larnaca office (September).
Opening of our Nicosia office (April).
Blog & News
The family home is often the hardest part of an estate to deal with. It holds memories, it may have been in the family for decades, and suddenly several people have a say in what happens to it. Some want to sell quickly, some want to keep it, and others simply aren’t sure.Selling an inherited property is rarely just a property transaction. There are legal steps to complete first, people to agree, and practical questions about the house itself. Knowing what lies ahead makes the process far less stressful.First, the estate needs to be in orderAn inherited property can’t simply be listed the day after a loss. In Cyprus, the estate of the deceased is usually handled by an administrator or executor appointed through the court. Until that’s done, nobody has the authority to sell.Once the administration is in place, there are generally two routes. The property can be transferred into the names of the heirs, who then sell it themselves. Alternatively, the administrator can sell it as part of the estate. Which route makes more sense depends on the family’s situation, and your lawyer should guide you on this from the start.Getting all the heirs on the same pageWhen a property passes to more than one person, every co-owner usually needs to agree to the sale and to the price. This is where many inherited sales get stuck. One sibling lives abroad, another wants to keep the house, a third needs the money now.A few things help:An independent valuation. It gives everyone the same, neutral starting point, instead of each person relying on their own expectations.Clear communication. Agree early on who will deal with the agent, the lawyer and viewings.Practical arrangements for heirs abroad. A power of attorney can allow a family member or lawyer to sign on their behalf, avoiding repeated trips.If agreement can’t be reached, the matter may end up in court. That is usually slower and more expensive for everyone, so it’s worth working hard to avoid it.Older properties often come with older paperworkMany inherited homes were built decades ago, and the documents don’t always reflect what’s on the ground. Before going to market, check that:There is a valid title deed for the property.Extensions, enclosed verandas or additional rooms were properly permitted.There are no mortgages or other charges still registered.Sorting these issues out before you list saves time, and it avoids losing a buyer halfway through the sale.Think about tax earlyCyprus does not have inheritance tax. Selling the property, however, can have tax implications. The value of the property at the date of death can be important when calculating any tax due on a later sale, which is another reason a proper valuation is useful. Speak to an accountant or tax adviser before agreeing a sale, not after.Prepare the house for the marketAn inherited home is often full of furniture and belongings, and it may not have been updated for years. You don’t need to renovate, but clearing it out, cleaning thoroughly and carrying out small repairs can make a real difference to how buyers see it. If it has been empty for a while, check for damp, leaks and anything that needs attention before viewings start.If the property has a tenant, find out the terms of the tenancy, as this can affect both the sale process and the price.Take the time you need, within reasonThere’s no need to rush a decision you may regret. Leaving a property empty for years, though, brings its own costs: maintenance, security and gradual deterioration. Setting a realistic timeframe as a family usually helps everyone move forward.If you’re dealing with an inherited property, G&P Lazarou Estate Agents can guide you through the sale and work alongside your lawyer and accountant. Call +357 22024949, email info@gplazarou.com or visit 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
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Two detached houses in Lakatamia were built in the same year, by the same builder, from almost the same plans. Each has three bedrooms, a garden and a similar plot. From the street you could easily mix them up. Yet if both went on the market tomorrow, a valuer might put a noticeably different figure on each.Owners are often surprised by this, especially when a neighbour's sale price becomes the benchmark for their own expectations. The truth is that "similar" covers a lot of ground, and the differences that matter most are often the ones you can't see from the pavement.The paperwork behind the propertyThis is where many of the biggest differences hide:Title deed: one house may have a clear title deed in the owner's name. The other may still be waiting for one, or be registered as a share of a larger plot.Permits: one may have every extension and enclosed veranda properly approved. The other may have additions that were never permitted.For a buyer, and especially for a bank, these points can matter more than a new kitchen. A property with paperwork problems may be harder to finance, take longer to sell and attract fewer buyers.What the plot still allowsWith houses and plots, part of the value lies in what hasn't been built yet. If one house uses only part of the building density allowed on its plot, the remaining area has value of its own. It could mean room for an extension, a second unit or, in some cases, future redevelopment. Two houses that look identical today can have very different potential tomorrow.Position and orientationSmall differences in position add up:A south-facing garden versus one in shade most of the day.A corner plot versus one squeezed between neighbours.A quiet cul-de-sac versus a road that has become a shortcut for traffic.With apartments, floor level, view and orientation can create a real gap between units in the same building.Condition and layoutTwo homes can look equally presentable while being very different underneath. One may have new wiring, plumbing and insulation. The other may have only a fresh coat of paint.Layout matters too. Space that works well, with sensible room sizes and no wasted corridors, is worth more to buyers than the same number of square metres used badly.Who lives there nowAn empty property or one let on a standard short tenancy is straightforward to sell. A property with a long-standing tenant who has strong legal protection is a different matter. In some cases it can affect the value considerably, because the buyer cannot easily take possession or adjust the rent. The terms of any existing tenancy should always be checked.What surrounds itChanges nearby can push value in either direction. A new park or school can help, while a large commercial development or busier road next door can hurt. Valuers also consider what is planned around the property, not only what is there today.So what does this mean for you?If you're selling, a neighbour's price is a reference point, not a guarantee. If you're buying, a lower price compared with a similar property is worth investigating rather than celebrating. In both cases, the only reliable way to understand the value of a specific property is to look at that property in detail: its documents, its condition, its plot and its surroundings.G&P Lazarou Property Valuation provides property valuation services across Cyprus. To discuss your property and the documents needed, 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
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Drive up the hill from Coral Bay towards Peyia in the late afternoon and you'll understand the appeal straight away. The village sits on slopes overlooking the sea, with the coastline stretching below and the Akamas peninsula not far beyond. It's one of the reasons Peyia has become one of the most popular areas in the Paphos district for both homeowners and investors.But a great view is only part of the story. Here's what's worth knowing before you buy.What kind of place is Peyia?Peyia combines a traditional village centre with a large residential area that has grown around it over the years. It has a well-established international community, alongside local families. Coral Bay, with its beach, restaurants and summer activity, is just below. Paphos town and the airport are a short drive away.Life here follows the seasons. Summer is lively, with holidaymakers and visitors. Winter is much quieter. Some people love that rhythm, while others find the off-season too slow. If you're planning to live here year-round, visit outside the summer months too.The types of property you'll findVillas: often with private pools and gardens, popular with families and those looking for space.Apartments and townhouses: frequently in complexes with shared pools, attractive to holiday-home buyers and smaller households.Plots: on the hillsides, for those who want to build with an uninterrupted view.Properties higher up the slopes tend to have the best views. They can also mean steeper roads and a longer walk to shops and the beach.Peyia as an investmentPeyia's location near Coral Bay and the Akamas gives it steady interest from holidaymakers, which supports short-term rentals during the season. There's also long-term rental demand from people who live in the area permanently.A few things to keep in mind:Short-term rentals: holiday letting has its own registration and licensing requirements. Check the current rules with the Deputy Ministry of Tourism before relying on that income.Seasonality: summer income can be strong, but plan realistically for the quieter months.Management: if you don't live nearby, factor in the cost of someone to handle guests, cleaning and maintenance.What to check before buyingSome older developments in the wider Paphos area have had long delays in issuing separate title deeds. Your lawyer should confirm:Whether the property has its own title deed, or when it is expected.That the development and any additions, such as pools or extensions, have the right permits.That there are no mortgages or charges registered against the land or the project.If the title deed hasn't been issued yet, make sure the sale contract is deposited with the Department of Lands and Surveys to protect your position.For plots, look at the planning zone, the building density and road access. Also check whether any environmental restrictions apply. Areas closer to the Akamas can have stricter rules on what can be built.Buyers from outside the EU may need permission to acquire property in Cyprus. Your lawyer can advise on whether this applies to you.Look beyond the viewAsk about the common expenses in complexes, the state of shared pools and gardens, water supply and how the property copes with summer heat. A beautiful terrace means little if the house is hard to cool in August or the complex is poorly maintained.Thinking about buying in Peyia? G&P Lazarou Estate Agents can help you find the right property and check the key details before you commit. Call +357 26 104949, email paphos.office@gplazarou.com or visit gplazarou.com.Apartments for Sale in Paphos Houses for Sale in Paphos AgentsLuxury Houses for Sale in Paphos Properties for Sale in Paphos
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