What to Consider When Purchasing Villas in Cyprus?

What to Consider When Purchasing Villas in Cyprus?
To purchase a villa in Cyprus means to acquire ownership of the premium residential real estate. Such a deal can be called a profitable investment. Villa in Cyprus, which you can purchase with the help of experts P.L. Property Gallery Developers & Constructors Ltd., will allow you to obtain EU permanent residence permit. However, this type of property has been steadily increasing in price in recent years, so you can profitably and quickly return your investment. 

If you want to purchase a villa in Cyprus, you should pay special attention to the choice of the proper solution. This will affect the level of comfort and the ability to follow high standards. 

Features of villas in Cyprus

Villas are usually comfortable and fully equipped housing. As a rule, these are houses with 2-3 floors and a large adjacent territory. The number of rooms in a villa is measured by bedrooms. Hall, living room and kitchen are also available. Villas in Cyprus often have from 3 to 5 bedrooms securing the comfortable life of the whole family or a large number of guests. The house always has several bathrooms. 

Another important feature that distinguishes villas in Cyprus from standard houses is the extensive and well-maintained territory with a summer terrace, swimming pool, garden, and parking for several cars. 

If you would like to purchase a villa in Cyprys, remember that some owners and realtors describe ordinary houses as villas. This trick helps attract more potential buyers. Therefore, before you purchase a villa in Cyprus, carefully examine the characteristics and degree of improvement of the property of interest. 

Advantages of purchasing villas in Cyprus

Real estate abroad has always been considered a profitable investment. Villa in Cyprus will become your place for a comfortable stay in one of the most beautiful places in the Mediterranean. Here you can live all year round or spend vacations with your family. If you want to get the passive income you can rent out a villa in Cyprus for the rest of the time. 

Russians often use real estate abroad to obtain citizenship of another country. A villa in Cyprus is a perfect solution for this. If you purchase a 300-400 sq.m. apartment, the price of which starts from EUR 2,000,000, you can get a Cyprus passport and EU citizenship with all the relevant rights and benefits in just 6 months. You can still keep your passport of the Russian Federation since the legislation of Cyprus allows dual citizenship. The fact of obtaining the local passport shall not be disclosed. 

What to consider when purchasing villas in Cyprus?

If you decide to make a deal, you need to evaluate several important aspects beforehand: 
  1. Villa's location and tourist flow in the region. 
  2. Cost of the year-long maintenance. 
  3. Related taxes. 

In Cyprus, there are cities where the tourist flow is constant almost all year round, as well as areas with advanced business activity and intense cultural life. Choosing a villa in Cyprus, you should understand whether you are ready to live in a crowded and busy place with a large number of tourists or prefer quiet patriarchal spots. The price depends on the property location. Purchasing a villa in Cyprus on the beach will be the most expensive option. The further the house is from the coast, the lower its cost. However, houses on the red line may have private access to the water or even a parking lot for yachts.

Maintaining a villa in Cyprus will cost about EUR 3,000 per year. You should also take into account the amount of mandatory taxes and payments. If you decide to purchase a villa in Cyprus on mortgage, it is better to find a professional developer who can agree 70% coverage with a bank even for non-EU citizens. To purchase a villa in Cyprus you need to prepare a set of standard documents to be translated into Greek and English and notarized. The real estate agency provides these services. 

Where is the best place to purchase a villa?

Cyprus has many beautiful places with different levels of tourist flow. You can easily choose the region corresponding to your ideas of comfort. 

If you would like to purchase a villa in Cyprus in a place with advanced business activity and infrastructure, we recommend you to consider real estate in Limassol. This city has its own Russian-speaking community, as 10% of the local population are former residents of CIS countries. Limassol offers a wide range of opportunities for a vibrant social life. 

If you would like to purchase a villa in the most prestigious area in Cyprus, you should choose properties located in Paphos. This city offers a wide range of opportunities for a comfortable life for those who appreciate luxury in everything.  

Larnaca and Polis are considered to be developing tourist centers of Cyprus. Villas in these areas are good for doing business and, therefore, are very expensive. You can find cheaper options in the suburbs. 

Nicosia is best suited for the comfortable living of the whole family. The capital of Cyprus is considered its cultural and scientific center. Here you can get decent education in one of 6 universities. 

Such cities as Ayia Napa and Protaras are suitable for those who prefer low-key family vacations. There you will find an abundance of sandy beaches and opportunities for exciting entertainment. 

How to purchase a villa in Cyprus with a guarantee of legal origin?

If you would like to purchase real estate abroad on the most favorable and convenient terms, please contact the experts from P.L. Property Gallery Developers & Constructors Ltd. We are the biggest developer in Cyprus with 18+ years of experience in the local market. We also provide a full range of related services.

  • legal assistance;
  • assistance in resolving migration issues;
  • real estate management;
  • unique projects for interior and landscape design. 

The team of professionals will help you choose and purchase a villa in Cyprus, taking into account all your needs and preferences, as well as advise on all related issues.