Cyprus Real Estate

What Cyprus Real Estate does

Cyprus Real Estate is an online real estate marketplace connecting property buyers, sellers, landlords, and renters for transactions in Cyprus. The platform operates under The Amfax Corporation, owned by parent Amfax International, and is headquartered at 19 Fulton Street, New York. Its website (cyprusrealestate.net) supports property listings and search across five Cyprus geographies — Nicosia, Limassol, Larnaca, Famagusta, and Paphos & Kyrenia — and recently expanded listings include North Cyprus properties such as Grand Sapphire Resort in İskele.

The platform's technology is a conventional property search portal with filtering by city, property type, price range, size, and amenities; registered-user accounts with saved searches and email notifications; and free property submission. The Cyprus Property Sales Agency operates as a complementary service line providing property appraisals, legal assistance, and closing support alongside the marketplace.

The business model is transaction-based commission only. Listing, searching, and viewing properties are free. Real estate agents using the platform pay 50% of the commission earned on facilitated transactions, while individual sellers pay 2.5% of the final sale price. Customer segments include property buyers (including international investors), property sellers and landlords, licensed real estate agents, and foreign investors pursuing residency-by-investment opportunities. The company is privately held with no disclosed funding rounds, no headcount data, and no AI/ML capabilities.

Name

Cyprus Real Estate

Legal name

The Amfax Corporation

Website

https://cyprusrealestate.net

Company type

Private

Operating status

Operating

Short description

Cyprus Real Estate is an online real estate marketplace operated by The Amfax Corporation that connects buyers, sellers, landlords, and renters for property transactions across Cyprus, charging commission only on completed sales.

Ownership category

akta.pro rank

Product category

Online Real Estate Marketplace

NAICS

Offices of Real Estate Agents and Brokers (531210)

SIC

Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Closing Coordination & Transaction Management (Broker/Agent Support) (BPAJAOAH)

Keywords

• Online real estate marketplace
• Property listing services
• Residential property sales
• Commercial property rentals
• International property investing

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Digital Commerce or Content

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations

Revenue model

1. Commission on Property Sales: The company charges a commission only when a property is successfully sold through the platform. Real estate agents pay 50% of their commission earned on transactions facilitated through the platform. Individual sellers who are not real estate agents pay 2.5% of the final sale price on transactions facilitated through the platform. Listing, searching, and viewing properties is free of charge.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Cyprus Real Estate operates an online marketplace where property owners, developers, and licensed agents list residential and commercial properties for sale or rent across Cyprus, and individual buyers search, save, and contact through the platform. The company charges no upfront fees and only collects a 50% commission share from licensed agents or a 2.5% transaction fee from individual sellers once a sale is completed. The Cyprus Property Sales Agency, owned by Amfax International, layers human advisory, appraisal, legal, and closing services on top of the marketplace to support end-to-end transactions.

Product overview

Cyprus Real Estate operates as an online real estate marketplace platform for buying, selling, renting, and leasing properties across Cyprus. The platform includes a property search engine with advanced filtering capabilities and user account management features (My Profile, My Properties, My Favorites, Saved Searches). Cyprus Property Sales Agency provides complementary agency services. The company charges fees only upon successful transaction completion—50% commission from real estate agents and 2.5% from individual sellers.

Differentiator

Problem solved

Functional benefit

Products and services

• Cyprus Real Estate Marketplace Platform Online two-sided marketplace where individual sellers, developers, and licensed agents list residential and commercial properties for sale or rent across Cyprus, and buyers can search, save, favorite, and contact listings directly. Listing, searching, and viewing are free, with commission only triggered on a successful sale.
• Cyprus Property Sales Agency Full-service real estate agency providing property advice, appraisals, legal assistance, and closing support to buyers and sellers transacting in Cyprus, operated from New York with on-the-ground Cyprus coverage via a Property Liaison.

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• Amfax InternationalcoreOthersCyprus Real Estate / Cyprus Property Sales Agency is a company owned by Amfax International (The Amfax Corporation), a US-based company. Amfax operates the Cyprus Property Sales platform and provides the infrastructure, legal framework, and corporate backing for the real estate services.

Scale indicators2 records

Recent moves3 records

Expansion highlights3 records

Broad incumbents

• Rightmove: Leading UK property portal that also surfaces international listings including Cyprus. Comparable as a major real estate portal competing for cross-border buyer traffic.
• Zillow: Dominant US online real estate marketplace. Comparable platform model though at vastly larger scale and focused primarily on the US market; represents the structural competitor for any portal-based real estate business.

Others

• Cybarco: Major Cypriot property developer with significant luxury residential and commercial developments. Comparable in the broader Cyprus real estate ecosystem though operates as developer rather than marketplace.

Regional players

• Resido: Cyprus-focused online real estate marketplace. Comparable portal model targeting the same domestic buyer audience within Cyprus.

Direct peers

• Engel & Völkers Cyprus: International luxury real estate franchise operating in Cyprus, serving cross-border buyers seeking premium properties. Comparable as a brokerage connecting international buyers with Cyprus real estate.
• RE/MAX Cyprus: Global real estate franchise with Cyprus operations, providing brokerage and listing services. Comparable agency model serving buyers and sellers in the Cyprus market.
• Property Cyprus: Online real estate portal dedicated to Cyprus property sales and rentals. Directly competes for the same buyer and seller audiences in the Cyprus market.
• Bazaraki: Leading Cyprus online classifieds platform with the largest volume of property listings in the Cypriot market. Directly comparable as an online marketplace connecting buyers and sellers of Cyprus real estate, though broader in scope (covers all classifieds categories).
• Spotblue: International real estate agency specializing in Cyprus property sales to overseas buyers. Closely comparable business model combining portal listings with full-service agency support for international investors.
• Buyandsell Cyprus: Cyprus-focused online classifieds platform featuring property listings alongside other categories. Comparable marketplace model targeting Cyprus buyers and sellers.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat2 records

Key risks5 records

Key highlights5 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Cyprus Real Estate