The new marina and real estate potential in 2026
Protaras, the pearl of the east coast of Cyprus, has undergone a real revolution in recent years. The construction of the new Paralimni Marina (Paralimni Marina) transformed the area from a seasonal tourist destination into an international attraction for luxury investments.
For real estate investors, this is a rare window of opportunity that combines capital gains and high rental yields.
1. The new marina – the region's growth engine
The marina, which opened and is fully operational as of 2026, is much more than a yacht harbor. It is a lifestyle complex that includes:
Docking for 300 yachts – attracting an affluent audience from all over the world.
Culinary commercial complex – dozens of boutique shops, chef restaurants and cafes on the waterfront.
Official Port of Entry – The marina includes customs and police posts, making it a strategic point in the Mediterranean.
2. Real estate trends and value increases in recent years
Following the opening of the marina, the Pernera and North Protaras area experienced a significant leap forward.
Price growth – In the last five years (2021-2026), real estate prices in the area have increased by an average of about 40% , with most of the increase occurring as infrastructure work progresses.
Yield potential – Apartments in and near the marina complex enjoy peak demand for short-term rentals (Airbnb), with yields ranging from 5% to 7% per year.
3. Why Cyprus? Tax benefits for investors
One of the biggest advantages of investing in Portaras is the favorable tax regime, designed to encourage foreign investment:
Reduced VAT (5% instead of 19%): When purchasing a new property for personal residence (under certain conditions), you can benefit from a significantly lower VAT rate, which saves tens of thousands of euros at the time of purchase.
Capital Gains Tax Exemption – Cyprus offers exemptions and relief from capital gains tax on the sale of properties, especially if the property was held for an extended period or under "tax residency" (Non-Dom) conditions.
Double Taxation Treaty – Israel and Cyprus have a treaty that prevents double taxation, which makes tax planning easier for the Israeli investor.
Low property taxes – Annual maintenance costs (Property Tax) in Cyprus are among the lowest in Europe.
Read important information for investors
4. Security in the transaction – how do you buy correctly?
Purchasing real estate in Cyprus requires an understanding of the subject of Title Deeds . To secure your investment:
Due Diligence
Before signing, you must verify with an independent lawyer that the land is free of liens or debts of the contractor to banks, and that all required building and planning permits are in place.
"Specific Performance" mechanism
Cyprus Land Law protects the buyer if the contract is registered with the Land Registry shortly after signing. This registration gives the buyer legal priority over the property and prevents double sales or future encumbrances.
Bottom line…
Investing in Portaras in 2026 is a strategic move. The new marina has redefined the price level in the area, but it is still more accessible compared to investing in Limassol or Paphos. The combination of high quality of life, significant tax benefits and strong legal protections, makes the area one of the most promising investment destinations today.
Interested in additional details or examining specific properties in the marina area?
You can contact us to schedule a consultation and explore relevant investment opportunities.
Call – 073-7020221
