As Belgian buyers continue to look for second homes in the sun, many are starting to reconsider their go-to destination: Spain. While Spain has long been a favorite for holiday homes and lifestyle investments, new taxes and shifting attitudes toward foreign ownership are starting to make things more complicated – and more expensive.
At Cyprus Edit, we’ve been watching this trend closely. And we believe there’s a clear answer: Paphos, Cyprus.
Let’s take a closer look at what’s happening- and why more buyers are now looking east, toward Cyprus.
Spain’s New Property Climate: Taxes, Restrictions & Local Pushback
2025 has brought a wave of new policies and pressure points for foreign investors in Spain. Here’s what’s happening:
- New 100% Tax on Non-Resident Property Buyers
A proposed policy would double the cost of real estate for non-EU buyers in certain regions. The intention is to curb foreign influence on local housing markets — but for lifestyle investors, it’s a serious financial roadblock. - 21% VAT on Short-Term Rentals
Spain is also considering heavy taxation on short-term tourist rentals. If passed, this would apply a hotel-level tax (21%) on Airbnb-style lets — significantly reducing rental yield for second home owners. - Local Protests Against Tourism
Regions like the Canary Islands and Mallorca have seen growing local protests against overtourism and foreign property ownership. The message is clear: visitors are welcome, but property buyers are starting to feel the chill. - Administrative Headaches
Even for EU buyers, the legal process in Spain can be opaque and slow, with multiple layers of bureaucracy and long delays for title registration.
All of this means that, for many Belgian buyers, Spain is becoming less attractive — not because of the sun or the sangria, but because of the uncertainty.
Enter Cyprus: A Lifestyle Investment with Less Red Tape
In contrast, Cyprus offers a far more welcoming, stable, and transparent environment for property investors – especially in the Paphos region.
Here’s why more buyers are making the switch:
- No Harsh Taxes for Foreigners
Cyprus does not penalize foreign buyers. Whether you’re buying for holidays, retirement, or rental income, the purchase process is straightforward and secure. - Short-Term Rentals Are Supported
Tourist rentals are still fully legal in Cyprus, with far fewer restrictions. This makes it easier to generate income from your property when you’re not using it. - A Stable Legal Framework
Cyprus has one of the most reliable title deed systems in the Mediterranean. Unlike some regions in Spain or the north of Cyprus, buying property in Paphos comes with confidence and clarity. - A Genuine Welcome
As a smaller, less saturated market, Cyprus still welcomes foreign homeowners — not just as investors, but as part of the community.
Paphos: More Than a Safe Bet – It’s a Mediterranean Gem
Aside from being a smarter financial decision, Paphos also delivers where it matters most: lifestyle.
- Breathtaking Scenery – Sea, mountains, vineyards, and charming villages, all within a 30-minute drive.
- Quality of Life – Great weather, fresh food, low crime, and a peaceful pace of life.
- Modern Developments – Stylish apartments, high-spec villas, and coastal homes designed for modern living.
- Solid Value – While Spain’s prices have climbed dramatically, Cyprus still offers room for growth — and better long-term return.
Why Work with Cyprus Edit?
We know the Belgian mindset, and we know Cyprus. With one partner based in Belgium and the other living year-round in Paphos, we offer the perfect bridge between your needs and the opportunities here on the ground.
Our approach is boutique, honest, and completely personalized. No generic listings – just real guidance, handpicked properties, and full support from your first question to your final signature.
Let’s Talk
If Spain’s uncertainty has made you reconsider, let’s explore what Cyprus can offer instead. Paphos could be the new chapter you’re looking for.
📅 Book a Zoom call with us today — and let’s talk about your future in the sun.