Cyprus attracts millions of tourists, businessmen and entrepreneurs. Prices on local residential and commercial real estate are growing every year. All buildings are distinguished by traditional European quality and good location.
Luxury real estate in Cyprus is the choice of people with elegant taste and love for comfort. Here you can purchase a luxury villa with a sea view, a comfortable mansion in a secluded area, or a spacious penthouse in the business center of one of the popular cities. To make the procedure for purchasing luxury real estate as simple and profitable as possible, you need to know the distinctive features of this category of housing before concluding a contract.
Luxury real estate in Cyprus: features and location
Purchasing luxury real estate in Cyprus can be your winning ticket to Europe or a lucrative source of passive income. This category of housing includes:
- penthouses (multi-level apartments or apartments with a private exit to the roof);
- villas with a large garden area;
- multi-storey mansions.
These properties can be rented at a very attractive price or used for living and recreation with the whole family. Luxury real estate in Cyprus is in particular demand among investors. Purchasing a house or apartment worth over EUR 500,000 and investing EUR 1,500,000 in the local economy, you can apply for local citizenship and obtain the EU passport in just 6 months. And you are not required to permanently reside in the Republic, pass exams in language and history, and refuse the citizenship of your home country. Cyprus citizenship by investment is issued not only for the buyer of luxury housing but also for his family members: spouse, minors and financially dependent children under the age of 28.
Luxury real estate in Cyprus is located in various developed regions:
- Limassol;
- Paphos;
- Nicosia;
- Larnaca.
The first city is considered the southernmost and is one of the developed business and tourist centers of the Republic. Paphos and Nicosia, the capital city, are renowned for a wide range of business opportunities and active social life. Larnaca is suitable for living with the whole family, as it has all the necessary infrastructure for work, recreation, and education.
Luxury real estate in Cyprus is located in presentable areas and boasts a unique design to emphasize the impeccable taste and character of the owner. Many villas offer not only a vast territory with parking for several cars, a terrace, and a place for a pool, but also private access to the sea and beach. The number of rooms is counted by the number of bedrooms. Several bathrooms, a kitchen and a living room are also included in the layout.
Real estate prices in Cyprus
The price of luxury housing is several times higher than the price on more compact and modest properties but fully corresponds the offered comfort. Due attention to the interior and exterior design of a purchased villa, mansion, or penthouse will allow you to create a real paradise.
Prices on real estate prices in Cyprus, including luxury ones, depend on numerous factors.
- Residential area.
- Construction type.
- Developed infrastructure.
- Recreational load.
When choosing a suitable property, it is worth considering not only the prices on real estate in Cyprus but also the cost of its further maintenance. This includes the payment of utility bills and taxes, the maintenance of the common area.
How to purchase luxury real estate in Cyprus with benefits?
If you would like to purchase real estate in Cyprus by the sea or in a secluded area with a minimum of neighbors, contact experts from P.L. Property Gallery Developers & Constructors Ltd. Our company has 18+ years of experience in the local market and is recognized as the biggest developer in the region. We offer the widest selection of luxury real estate in Cyprus, as well as a full range of related services.
- Selection of finished housing and turnkey construction.
- Legal assistance in the transaction, examination of documents prepared.
- Assistance in resolving migration issues, obtaining a mortgage loan.
- Unique interior and landscape design.
- Management of real estate in the Republic of Cyprus while you are away.
Luxury real estate is constructed using innovative methods, our own achievements and proven solutions. Our real estate has repeatedly received great results among the expert community, as evidenced by numerous international awards. We rent out luxury real estate in Cyprus with unique architecture and well-thought-out planning, which allows our clients to live and work comfortably in one of the most picturesque places on the planet. If you would like to purchase luxury real estate in Cyprus by the sea at the best price, please contact experts from P.L. Property Gallery Developers & Constructors Ltd. now and get detailed advice on all issues of your interest.
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