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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
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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Ask ten buyers whether they’d prefer a corner plot and most will say yes without hesitating. It sounds better: more open, more prominent, more light. Ask ten architects and you’ll get a more careful answer. A corner plot can be the best site on the street, or it can be the one that causes the most headaches. It all depends on the plot itself and what you plan to build.What a corner plot offersThe main advantage is having two road frontages instead of one, and that opens up several possibilities.More light and air. With roads on two sides, the house can face out in more than one direction. Rooms get natural light from two aspects and cross-ventilation is easier, which makes a real difference in a Cyprus summer.Flexible access. You can choose which road to use for the main entrance and which for parking or a garage. On plots intended for two homes, each can have its own separate access.Visibility. A corner position stands out. For mixed-use buildings, shops or offices on the ground floor, that visibility has clear commercial value.Design freedom. Two street-facing sides give an architect more scope for an interesting building, rather than a single front with blank side walls.What a corner plot costs youThe same features that make corner plots attractive also bring trade-offs.Setbacks from two roads. Buildings usually need to sit back from the road. With two roads, those requirements may apply on two sides, which can shrink the area you can actually build on. At junctions, there may also be requirements to keep sightlines clear for traffic.Less privacy. More of the house and garden is visible from the street. Achieving a private outdoor space usually takes careful design, walls or planting.Noise and traffic. Corners often see more passing cars, especially if one of the roads is busy or becomes a shortcut. Headlights at night and traffic stopping at the junction can be a nuisance.More frontage to finish. Two street-facing sides mean more fencing, landscaping and boundary work.A higher price. Corner plots are often priced at a premium. The question is whether you’ll use the advantages enough to justify paying it.Double the road-widening risk. If either road is planned for widening, part of the plot could be affected. With two roads, check both.What a standard plot offersA plot with a single road frontage, between neighbouring plots, is usually simpler to deal with. The house can be designed around a private rear garden, away from the street. It tends to be quieter, and outdoor space is easier to keep private, which many families value highly.Standard plots are often more affordable too, and the setback rules are usually more straightforward.The trade-off is less flexibility. Light comes from fewer directions, access is through one frontage only, and the side walls facing neighbours limit where windows can go.So which is better?It depends on what you want from the plot.A corner plot usually makes more sense if:You plan a mixed-use or commercial building.You want two separate homes with independent access.Light and openness are your top priorities.A standard plot is usually the better choice if:You’re building a family home.Privacy, quiet and a usable garden matter most.You want a simpler design and a lower purchase price.Before you decideCompare plots on what they actually allow you to build, not just on their size or position. Ask an architect for a quick sketch showing the buildable area once setbacks are applied. Check the planning zone, building density and any road-widening plans for every road the plot touches. Then compare prices per buildable square metre.Visit at different times of day too. A corner that feels quiet on a Sunday morning can look very different at rush hour.Looking for a plot to build on? G&P Lazarou Estate Agents can help you compare options and check the key details before you commit. Call +357 22 024949, email info@gplazarou.com or visit gplazarou.com.Land for Sale in NicosiaLand for Sale in LimassolLand for Sale in LarnacaLand for Sale in FamagustaLand for Sale in Paphos
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