Investing in overseas housing will help ensure financial security in any economic situation. If you would like to have an additional source of income, apartments in Cyprus will be an excellent solution for making profitable investments. This type of property is much cheaper than houses but can be easily rented out at a decent price. To purchase apartments in Cyprus on the most favorable and convenient terms, please contact the experts in P.L. Property Gallery Developers & Constructors Ltd P.L. Property Gallery Developers & Constructors Ltd. Our company is the biggest real estate developer in the region and is proud of its impressive database of real estate units.
What are distinctive features of apartments in Cyprus?
When looking through the ads or the sale of real estate, you can come across plenty of offers that seem to be designed for field experts only. Housing with rich interior design is often categorized as an apartment. However, this type of real estate has its distinctive features.Apartments in Cyprus are non-residential, from a legal point of view, premises that can be used for recreation. They are usually located in areas with developed infrastructure.
If you decide to purchase an apartment in Cyprus, you will get a decent additional income. This housing can be rented out all year round at a bargain price. The only drawback of apartments in Cyprus is that you cannot be registered there. So, if you want to get EU citizenship, multi-visa, or residence permit, it is better to consider purchasing a house or villa.
Another feature of apartments in Cyprus is that most of these properties have free architectural replanning. This allows you to carry out major repairs at your own discretion. However, to replan an apartment, you need to agree on changes under the regulations provided for commercial real estate in Cyprus.
Prices for apartments in Cyprus
Compared with similar types of real estate, apartments are much cheaper but vary in prices depending on the following factors.
- Unit type.
- Developed infrastructure.
- Year of construction.
- Total area and other technical aspects.
Apartments in the southern part of Cyprus are most expensive. Value added is the proximity to the sea and constant tourist flow. If you would like to purchase an apartment in Cyprus for renting out to tourists, you can also consider property located in calm residential areas. Their cost is much lower so the figures earned will not be that impressive.
The secondary market offers apartments 20% cheaper than in new buildings. Issues with construction quality can be one of the drawbacks in this type of real estate. If you would like to purchase an apartment in Cyprus with a guarantee of transaction legality, it is better to choose a property from the developer. Contact P.L. Property Gallery Developers & Constructors Ltd. to get expert assistance in choosing the best option at a bargain price.
If you decide to purchase an apartment in Cyprus, you should pay attention not only to its market price but also to the cost of further maintenance. This directly affects the level of income earned and convenience of operation.
Advantages of buying apartments in Cyprus
The Republic is well-known for its hospitality, natural diversity, and mild climate. The tourist flow here is constant at any time of the year. It is considered one of the most beautiful places in the Mediterranean and meets every demand for comfortable recreation. Deciding to purchase an apartment in Cyprus, or villa, or house, you will always be provided with stable income and your own place to reflect and relax from the hustle and bustle of megacities.
To be sure of the safety of valuable property in your absence in the Republic, entrust the real estate management to experts from P.L. Property Gallery Developers & Constructors Ltd. We will make sure that rented apartments in Cyprus remain in excellent technical condition, as well as take care of issues related to maintaining the operation of engineering equipment and paying local bills.
Advantages of purchasing apartments from developers
Choosing P.L. Property Gallery Developers & Constructors Ltd. to purchase an apartment in Cyprus, you are guaranteed the transaction convenience and profitability. We offer our clients a full range of related services to make our cooperation as convenient as possible.
- Search and selection of apartments in Cyprus following individual requirements.
- Legal support and expertise of documents and transactions.
- Authorization for the purchase of apartments in Cyprus.
- Registration of title.
- Solution of migration issues.
We are ready to undertake the development and implementation of an individual interior design project for your apartment in Cyprus. This will help you create a unique real estate for the maximum income when renting it out.
Projects of P.L. Property Gallery Developers & Constructors Ltd. include only the best homes with unique architectural solutions. We develop villas, townhouses, and apartments in Cyprus in full compliance with international construction standards to provide comfortable conditions for life and work.