Once in Cyprus, you will understand why this place is called the earthly heaven, and real estate is always in demand among tourists, businessmen, and foreigners dreaming of a summer residence. The Republic has an extremely favorable geographical position. Cyprus has even more to offer. Citizens of Russia and other countries are attracted by the mild climate with yearlong sunny weather, as well as the picturesque nature and developed tourist and economic infrastructure.
9 reasons to purchase real estate in Cyprus
If you would like to purchase a small house or a comfortable villa for family vacations at any time of the year, southern part of Cyprus will be the best choice. This region has important advantages.
- The sea coast with sandy beaches, many of which were granted the European Blue Flag award for environmental friendliness and safety.
- Long summer lasting 8 months with the sea temperature of no lower than +23°C and the air temperature of 27-36°C.
- Active recreation in winter. There is a ski resort with 5 trails of varying difficulty and length in the Troodos Mountains.
- Centuries-old history and a huge number of iconic sites. Cyprus roots go back to the 11th millennium BC preserving the traces of Muslim and Christian traditions, as well as world culture of various epochs.
- Developed tourist infrastructure. The coast of southern Cyprus is full of entertainment spots for locals and tourists of any kind. There are water and amusement parks, opera and ballet theaters, museums, libraries, night clubs, bars, restaurants, taverns with unusual cuisine, and shopping centers with branded boutiques.
- Hospitable locals. Despite all the info wars, the residents of Cyprus are hospitable to foreigners, especially to Russians. Most of the population is fluent in English, which greatly facilitates communication.
- Variety of housing. Real estate in Cyprus ranges in price. In the Republic, you can purchase an apartment in the business center, luxury villa with private access to the sea, or small cottage in the patriarchal area with slow living.
- EU citizenship. If you decide to purchase real estate in Cyprus worth EUR 300,000 and above, you will obtain a residence permit. And if you invest more than EUR 2,000,000 in the country's economy, you will be eligible for an EU passport in just 6 months.
- Affordable prices for real estate in southern Cyprus. The cost of houses and villas is significantly lower than in other European countries, while the standard of living and quality of construction meets the highest standards.
You can easily purchase real estate in Cyprus for commercial purposes. The purchased apartment or house can always be rented out, giving you passive income. Real estate in southern Cyprus is compelling for those who plan to move here. Developed medicine and a wide choice of English-speaking and Russian-speaking schools provide comfort for the whole family. Also, the government of the Republic has launched special programs to increase the attractiveness of real estate in southern Cyprus. Another advantage is the wide range of housing to meet different needs. You can purchase real estate in southern Cyprus at a bargain price on mortgage, which is provided even to non-residents.
Variety of real estate in southern Cyprus
You can find accommodation in this part of the island that meets all requirements and preferences. Some will like Limassol with a large number of the Russian population or low-priced Ayia Napa with a wide range of entertainment spots. Others will enjoy the luxury of Paphos with its yacht clubs and chic restaurants.
Real estate in southern Cyprus is as diverse as the cities there. You can purchase or rent the following types of real estate:
- cottages;
- villas;
- penthouses;
- apartments;
- bungalows.
Prices for real estate in southern Cyprus vary depending on the location, level of amenities, neighborhood reputation, total area, and some other technical characteristics. When purchasing a villa, cottage, or apartment, you need to take into account not only its market value but also the maintenance cost and related taxes.
How to purchase real estate in southern Cyprus with benefits?
Housing in Cyprus is in all respects a profitable investment. To ensure its benefits without any encumbrances, the choice of a suitable real estate and transaction nuances should be treated with special care.
If you decide to purchase real estate in Cyprus and want all the procedures to be as quick and convenient as possible, contact the experts from P.L. Property Gallery Developers & Constructors Ltd. We are the biggest developer in the region and offer our clients a wide range of housing of different class and comfort level, as well as related services.
- Selection of real estate in southern Cyprus given individual needs.
- Legal assistance in transaction and document preparation.
- Assistance in resolving migration issues.
- Leasing and management of the real estate in southern Cyprus.
- Design of apartments and houses under unique projects.
Trusting us the purchase of real estate in southern Cyprus, you will receive impeccable service at all stages of cooperation and protect yourself from any financial and legal risks.
