Benefits of Sea View Villas

Many people dream of buying a villa in Cyprus, as private resort spot opens up wide prospects for a comfortable holiday with the whole family and getting passive income. However, not everyone knows that buying real estate in the Republic is also a unique opportunity to become an EU citizen enjoying beautiful views, mild climate all year round and all the EU rights and freedoms.

Features of Cyprus villas

Prior to considering reasons to buy a villa in Cyprus, you need to take a closer look at the features of this type of property and its differences from analogs in other warm countries. This will help determine the requirements for future housing. 

If you decide to buy a villa in Cyprus, you may be surprised at how compact the proposed properties will be. For example, this type of housing in Italy or France includes houses with an adjacent territory of 800 sq.m. In Cyprus, a villa is any house with 3-4 bedrooms and a land plot of 300-500 sq.m. This is considered enough for a comfortable stay and rest. The plot can be equipped with a terrace, a swimming pool fashionably filled with seawater, as well as an area for family meals in the open air. In Cyprus, it is a usual thing to set up citrus gardens, grow roses and improve the territory with a well-groomed lawn. Fences are rarely installed between land plots. The owners of villas in Cyprus prefer small hedges that are used to the hot climate.

The housing is also compact. As a rule, the total area of premises in a villa is 250-400 sq.m. Locals believe that the maintenance of houses with an area of more than 500 sq.m. is not affordable for everyone. The average cost of maintaining a 3-bedroom villa in Cyprus with a swimming pool is EUR 3,000 per year. 

Another feature of island housing is a spacious living room and dining room. All interior designs have been recently dominated by light colors, an abundance of glass surfaces and natural materials (wood, stone). All this allows you to ease the design.  

Citizenship by real estate purchase 

If you decide to buy a house in Cyprus worth more than EUR 500,000 and are willing to invest in the economy or other real estate EUR 2,000,000 or more, you can obtain a local passport via the reduced procedure. Since the Republic is the EU member-state, its citizenship provides all the corresponding privileges, allowing you to live and work in Europe, as well as to visa-free travel throughout the Schengen Area. 

Buying a house in Cyprus to get a passport is a profitable decision, as this investment program offers several significant advantages. 

1. Obtaining a passport in 6 months without passing exams and the need for permanent residence in the Republic.
2. Citizenship applies not only to the investor but also to his/her family members: spouse, financially dependent children under 28 years and parents. 
3. You are allowed to sell your villa in Cyprus in 5 years to return your investment without losing your citizenship. 

To obtain a local passport, you can not only buy housing, but also launch your business hiring Cypriots, as well as invest in company shares and government securities. All this is considered an investment in the economy of Cyprus allowing you to participate in the Golden Passport program.  

Pros and cons of living in Cyprus

Thinking about moving to the Mediterranean coast, you can buy cheap housing in Cyprus and get a residence permit, if the cost of the purchased property is at least EUR 300,000. You can extend the residence permit an unlimited number of times staying in the Republic as long as necessary. 

Cyprus is a great place to move with the whole family. It offers the following important advantages. 

1. Mild and warm climate with lots of sunny days (more than 300 per year).
2. Diverse nature and centuries-old history. 
3. Well-developed infrastructure and a large number of big and comfortable cities. 
4. Friendly locals. 
5. Great number of private and public clinics. 
6. Schools and colleges for foreign children with lessons in English, Russian, French, Arabic and other languages. 
7. Abundance of temples and churches of different faiths. 
8. Easy taxation system and extensive opportunities for starting a business. 
9. High level of safety and comfort. 

Cyprus has a favorable geographical location, as well as clean environment. This is due to a small number of industrial enterprises in the region. Given all the above, we can assume that the decision to buy a villa in Cyprus or any other comfortable housing is a great opportunity to ensure a happy and prosperous future for your family. 

When buying real estate in the Republic, remember that it is an island located in a seismically active region. Due to this, you should buy a villa or other housing only via trusted developers who guarantee the safety of buildings. 

The only drawback of living in Cyprus is the high cost of some products brought from the mainland and electricity. To save the family budget, we recommend you to pay attention to property location under the open sun and the opportunity to install solar panels. Constant heating of the roof in summer will increase the need for air conditioning. Therefore, it is advisable to connect equipment to a source of processing sunlight into electricity. 

Villa rental in Cyprus

If you would like to get a source of passive income, it is better to buy cheap housing in Cyprus: bungalows, apartments. These properties are easy to rent out. You can also buy a luxury sea view villa on the red line for wealthy tourists, but this investment will be recovered only in 25-30 years. 

You get more chances to make money on the difference in the market price rather than rent. If you decide to buy a villa in Cyprus or any other comfortable housing, you will be able to sell it in a few years at a better price. The price of real estate in this region is constantly growing. 

How to buy a villa in Cyprus: 8 tips from real estate market experts 

To ensure that the purchase of housing in Cyprus does not disappoint you, follow some simple recommendations. 

1. Keep in mind that you can apply for citizenship. If it is under your budget, you should buy a villa in Cyprus worth EUR 500,000 and invest in another real estate rather than in inexpensive housing for the summer holidays. 
2. Choose a villa among new buildings. This ensures that new technologies and solutions are used during construction. Also, you can buy a turnkey villa in Cyprus taking into account all individual needs and wishes at the construction stage. 
3. When looking for suitable housing, consider a low-density residential complex. Otherwise, the lack of fences will result in poor privacy feeling on the site. 
4. To buy a villa in Cyprus with the maximum benefit, take into account the peculiarities of its location. Limassol is popular among wealthy tourists. Paphos is more suitable for a quiet family holiday with minimal expenses. 
5. Buy a villa of reasonable area. When buying housing with a total area of more than 200 sq.m., you will lose some tax benefits. And you are likely to spend time outdoors during your stay in Cyprus. 
6. Correctly calculate the cost of servicing the purchased housing. For example, sea view villas on the red line require more careful maintenance and regular airing. This means that the cost of keeping its normal technical condition increases. 
7. Buy villas and other housing in Cyprus after the end of the tourist season. It is better to inspect the proposed property in winter. Then you will immediately know whether you should expect such an unpleasant surprise as mold or fungus on the walls and in the corners. 
8. Check the legality of the property of your interest. This will ensure the financial security of the transaction. 

If you decide to buy a villa in Cyprus or any other housing but do not know the language, local legislation and experience in making such transactions, get the assistance of experts from P.L. Property Gallery Developers & Constructors Ltd. Our company is the biggest developer in the region with 18 years of experience. We are ready to take care of all the necessary paperwork, as well as the selection of a suitable villa, interior design, landscaping, property management and leasing. We build turnkey housing in Cyprus and assist the sale of previously purchased houses and apartments.