Sapphire I, Lykavitos, Nicosia

GPA Upgraded Homes is a Cyprus construction and development company building modern, energy-efficient homes across Limassol, Nicosia and Larnaca under the motto “High Quality, High Standards.” Its portfolio spans contemporary apartment buildings, a private-pool villa and a restored historic stone house — from Aurora Residence and #AKIO in Limassol to Sapphire I and Duopoly in Nicosia.

Nicosia (Lefkosia) is the capital and largest city of the Republic of Cyprus, an inland city on the central Mesaoria plain that serves as the island's seat of government, financial and professional-services centre and its largest concentration of universities. Unlike the coastal resort cities, its property market is driven by domestic demand and year-round tenants — civil servants and ministries, embassy staff, banks and fintech firms, and tens of thousands of students at the University of Cyprus and the University of Nicosia — which makes it the most stable and least seasonal market in Cyprus, with consistently low vacancy. For foreign buyers the framework is straightforward: any nationality can own freehold property, with title registered at the Land Registry (the Department of Lands & Surveys) and non-EU purchasers cleared through a routine Council of Ministers approval. Apartments average roughly EUR 2,150–2,300 per m² — well below coastal Limassol — while gross rental yields on well-located apartments run about 5–6%, and studios near the universities higher. Cyprus is an EU, euro-currency, English-common-law jurisdiction with no annual property tax, and permanent residency by investment is available from EUR 300,000 in new property.