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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 flat upstairs sold for more, and ours is bigger.” We hear some version of this from owners all the time. Usually the explanation isn’t the market or the buyer. It’s something about the property itself, often something the owner had stopped noticing years ago.Some things that pull value down are outside your control. Many are not. Knowing which is which helps you decide what to fix, what to disclose and what to expect when you sell, refinance or have your property valued.Problems with the paperworkIn Cyprus, documents often matter more than finishes. A buyer can live with an old kitchen. A bank is far less relaxed about legal uncertainty.No separate title deed, or a title still held in someone else’s name.Unpermitted additions, such as an enclosed veranda, an extra room on the roof or a converted storage space.Mortgages or charges still registered against the property.Shared ownership where not every co-owner agrees to sell.Each of these can narrow the pool of buyers, make a loan harder to obtain and slow down the sale. Some buyers will still go ahead, but they will expect a lower price for taking on the risk.Neglect and deferred maintenanceSmall problems left alone tend to become big ones. Damp patches, cracked render, leaking roofs, rusting railings and tired air-conditioning units all send the same message to a buyer: what else hasn’t been looked after?The cost in value is often greater than the cost of the repair, because buyers mentally add a margin for the unknown. Fixing obvious issues before you sell is usually money well spent.A building in poor shapeWith apartments, the building can drag down a well-kept flat. Value tends to suffer when there are:Dirty or damaged common areas.A lift that is often out of order.Unpaid common expenses or disputes within the management committee.Major works on the horizon, such as roof waterproofing or structural repairs, that every owner will have to fund.Buyers and valuers look at the whole building, not only the front door of your apartment.Layout and design that work against youSome homes have plenty of square metres but use them badly. Long corridors, rooms you have to walk through to reach other rooms, a bathroom off the kitchen, or a bedroom too small for a double bed all reduce how useful the space feels. Heavily personalised renovations, such as unusual colours, built-in furniture or a pool that takes over the whole garden, can also put buyers off.Location factors you can’t moveSome things can’t be changed, but they still affect value:A busy main road, heavy traffic or a noisy neighbour such as a bar or workshop.High-voltage power lines or a phone mast nearby.Poor orientation, with little natural light.Flood risk, or a plot prone to water collecting after rain.Changes in the neighbourhood matter too. A large commercial project, a new road or a run-down property next door can weigh on value over time.Energy performanceOlder homes with single glazing, no insulation and inefficient air conditioning cost more to run. As buyers become more aware of energy costs, a poor energy performance certificate is increasingly reflected in what they’re willing to pay.Tenancies and occupancyA property let to a long-standing tenant who is protected under the Rent Control Law, or one with an unclear or informal rental agreement, can be harder to sell and worth less than the same property with vacant possession. Buyers want to know when they can move in or set their own rent. The terms of any existing tenancy should always be checked with a lawyer.Pricing it wrongOverpricing can reduce what you finally achieve. A property that sits on the market for months starts to look like it has a problem, and buyers begin to negotiate harder. Pricing realistically from the start often leads to a better result than a series of price cuts later.What you can doNot every issue can be solved, but many can be reduced:Sort out title deed issues and permits before you go to market, where possible.Carry out obvious repairs and refresh worn areas.Get involved with your building’s management committee.Gather documents early: title deed, permits, plans, energy certificate and tenancy agreement.Be open with buyers about issues that can’t be fixed. Surprises late in a sale cost more than honesty at the start.Know where you standA professional valuation shows how these factors affect your property in particular, and which ones are worth addressing before you sell or refinance.G&P Lazarou Property Valuation provides property valuation services across Cyprus. Speak to 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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Walk around almost any Nicosia suburb today and you’ll see two property markets side by side. On one corner, a crane is finishing a five-storey block with glass balconies and a show flat. Across the road stands a solid 1990s building with mature trees, a generous veranda and a “For Sale” sign on the second floor.Buyers often feel pulled between the two. In our own Nicosia data, new builds made up 64% of apartment sales in 2025, and they sold at higher prices per square metre than resales in every area we looked at. The question isn’t which one is better. The question is which one suits you, and what you’re really paying for.What a new build offersThe appeal is easy to understand. Everything is new, from the wiring and plumbing to the kitchen and bathrooms. Modern buildings usually come with:Better insulation and energy performance, which shows up in your summer electricity bill.Covered parking, storage and a lift as standard.Contemporary layouts with open-plan living areas.A warranty period from the developer for defects.If you buy off-plan, you may also be able to choose finishes and, sometimes, secure a lower price than on completion.What to watch with a new buildNew comes at a price, and not only in the asking figure.VAT. New properties are subject to VAT. A reduced rate may apply if the home will be your main residence and you meet the conditions. A holiday home or investment property is usually charged at the standard rate. Your lawyer or accountant should confirm what applies to you before you sign.Delivery and delays. Off-plan projects can run late. Check the developer’s track record and what the contract says about completion dates and penalties.The developer’s financing. Find out whether the land or project is mortgaged to a bank and how your share will be released from it.Title deeds. Separate title deeds for new apartments can take time. Make sure the sale contract is deposited with the Department of Lands and Surveys to protect your position.A neighbourhood still forming. In a new development, you can’t always know who your neighbours will be or how the building will be managed.What a resale property offersAn older property lets you see exactly what you’re getting. You can walk the rooms, check the light at different times of day, speak to neighbours and see how the building has been looked after over the years.Resale homes are often:More spacious for the money, with larger rooms and verandas.In established areas with mature streets, shops and schools nearby.Available straight away, with no waiting for construction.Free of VAT, although transfer fees and other costs apply. Ask your lawyer for the current figures.Many already have their own title deed, which makes the process simpler and can make financing easier.What to watch with a resale propertyThe trade-off is age. Older buildings may have:Wiring, plumbing and roofs that need replacing.Weaker insulation and higher energy bills.No lift, no covered parking or limited storage.Additions such as enclosed verandas that were never permitted.The building matters as much as the flat. Ask about common expenses, unpaid charges and any major works the management committee is planning. A survey by a civil engineer before you commit is money well spent.Also budget realistically for updating the property. A lower purchase price can disappear quickly once a new kitchen, bathrooms and air conditioning are added.Comparing them fairlyPrice per square metre on its own won’t tell you which is the better deal. To compare the two properly, add up the full cost of each:The purchase price.VAT or transfer fees.Renovation or upgrade costs.Running costs, such as energy bills and common expenses.How long you’ll wait before you can move in or start earning rent.Then think about resale. In areas where most buyers want modern apartments, an older flat may take longer to sell later. In established neighbourhoods with little new building, a well-kept resale home can hold its appeal very well.Which suits you?A new build usually makes more sense if:You want low maintenance and modern energy performance.You can wait for completion.The home will be your main residence and the reduced VAT rate may apply.A resale property usually makes more sense if:You want more space or a specific established area.You need to move soon.You’re comfortable taking on some renovation to make it your own.Whether you’re leaning towards a new apartment or an established home, our consultants at G&P Lazarou Estate Agents can show you both side by side and help you check the details that matter. Call +357 22024949, email info@gplazarou.com or browse our listings at 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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Many holiday homes in Cyprus are bought on the last day of a great trip. The sun is setting over the sea, the week has been perfect, and a small apartment five minutes from the beach suddenly seems like the obvious next step. Some of those purchases turn out to be the best decision the owners ever made. Others become a source of bills, worries and long flights to fix a leaking roof.The difference usually comes down to how much thought went in before signing.Start with how you’ll actually use itBe honest about how often you’ll come. A few weeks every summer? Several long stays a year? Eventually moving here for retirement?The answer shapes almost everything else. A property you’ll visit twice a year needs to be easy to lock up and leave. A home you’ll spend months in needs to feel comfortable in January as well as in August.Choosing the locationCyprus offers very different kinds of holiday living:Coastal towns and resorts such as Paphos, Limassol, Larnaca, Ayia Napa and Protaras offer beaches, restaurants and a lively summer. Some resort areas become very quiet in winter, which suits some owners and not others.Villages near the coast give you a more local feel and often more space, with the beach a short drive away.Mountain villages in the Troodos area offer cooler summers, fresh air and a completely different pace, with snow on the higher peaks in winter.Think about travel too. Being within easy reach of Larnaca or Paphos airport makes short visits far more practical.Will you rent it out?Many owners plan to let their holiday home when they’re not using it. Before counting on that income, consider:Licensing. Short-term holiday letting in Cyprus has registration and licensing requirements. Check the current rules with the Deputy Ministry of Tourism.Your own use. The weeks you most want to be there are usually the weeks it would earn the most.Management. Someone will need to handle bookings, cleaning, key handovers and guest issues. That has a cost.Tax. Rental income needs to be declared. Speak to an accountant about how it will be taxed, both in Cyprus and in your home country.Looking after a property from a distanceAn empty home needs care. Winter damp, a pool that needs cleaning, a garden that needs water and appliances that fail while you’re away are all common. Sea air can also be hard on metal fittings and air-conditioning units. Before you buy, find out who will check on the property and what that will cost.In a complex, ask about the common expenses, what they cover and how well the development is managed. A tired, poorly run complex affects both your enjoyment and your resale value.Check the legal side carefullyWhether you’re buying a resale property or something new, have an independent lawyer confirm:That the property has its own title deed, or when one is expected.That the building and any additions have the right permits.That there are no mortgages or other charges registered against it.If the title deed hasn’t been issued, make sure the sale contract is deposited with the Department of Lands and Surveys.Buyers from outside the EU may need permission to acquire property in Cyprus. If you’re buying a new property, ask your lawyer about VAT. Reduced rates generally apply to a main residence, not to a second home.Budget for more than the priceBeyond the purchase price, allow for:Legal fees and transfer fees.Furnishing.Annual common expenses and utility bills.Insurance, maintenance and, if you let the property, management fees.If you’re borrowing, check early with banks about lending to non-residents and what they require.Think about the futureAsk yourself who would buy this property from you one day. A well-located home with sound paperwork and broad appeal is far easier to sell than an unusual property in an area that only comes alive for two months a year.Thinking about a holiday home in Cyprus? With offices in Nicosia, Larnaca and Limassol, G&P Lazarou Estate Agents can help you find the right property and check the key details before you commit. 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 CyprusDiscover available houses for rent in NicosiaExplore apartments for rent in NicosiaView plots for rent in NicosiaBrowse retail properties for rent in NicosiaDiscover office spaces for rent in NicosiaView warehouses for rent in NicosiaExplore buildings for rent in NicosiaDiscover available houses for sale in NicosiaExplore apartments for sale in NicosiaView plots for sale in NicosiaBrowse retail properties for sale in NicosiaDiscover office spaces for sale in NicosiaView warehouses for sale in NicosiaExplore buildings for sale in Nicosia
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