Apartments
Own housing abroad has always been considered as a profitable investment, which helps to ensure a stable financial condition, regardless from the economic situation. Apartments in Cyprus are the best suited for investment. Thanks to the mild climate and natural wealth, the tourist flow on the island does not dry out at any time of the year. Thanks to this, you can use an apartment in Cyprus not only as your own home, but also with the goal of generating additional income from renting.
What is more profitable to buy in Cyprus: houses or apartments?
Having decided to purchase your own housing in the Republic, you need to carefully approach to the issue of choosing a suitable property, evaluate all the pros and cons of each option. Apartments in Cyprus are much cheaper than houses and villas, which is an indisputable advantage. This type of property is well suited for setting comfortable living on the island. You can buy an apartment in Cyprus by choosing the optimal property in one of the remote areas, in a quiet housing area. At the same time, the market of new estates and resale estates offers a wide property selection for every demand.
If you want to make a profitable investment, which after some time will begin to generate income, it is better to buy a villa in Cyprus. In case if you are choosing properties on the costal line you will make a profitable investment in the future. Even you are not living in the villa all year round, you can lease it and earn additional income. Possibility of simplified multi-visa processing is another advantage to buy a house in Cyprus . With multi-visa you can freely stay in the Republic for 90 days a year. If you decide to buy a house in Cyprus worth more than 300 thousand euros, you will get the opportunity of permanent residence permit expedite registration, and after 7 years obtain European citizenship.
Regardless of which type of property you have chosen, to make a profitable transaction it is worth securing the support from professionals in the field of property construction and real estate deals. That's what P.L. Property Gallery Developers & Constructors Ltd. employees are. We will assist you to buy a villa or apartment in Cyprus, as well as take on us legal support for the transaction and property management for the duration of your absence
Prices for apartments in Cyprus
The price range for houses, villas and other types of properties in Cyprus depends from many factors. Apartments are not exception from this rule. The price of such a property is based on the following conditions.
- Apartment type.
- Acquisition purpose.
- Location.
- Environmental infrastructure development.
- Separation from other buildings.
Despite the fact that real estate in Cyprus is characterized by high quality level , apartments from the resale market are inferior on that parameter to the new buildings. In addition, property from the developer is also beneficial because it is guaranteed that there are no limits and other legal problems. At the same time, the cost of houses, villas and apartments from the resale market is much cheaper than the price of just commissioned properties. The difference in price sometimes can reach up to 20%.
An important factor for apartments, villas and houses price set is the location of the property. More expensive than the rest are properties in the southern part of Cyprus. The proximity to the coastal line and the plentiful tourist flow make such properties attractive for investors.
If you want to buy a villa (Cyprus), buy an apartment or a house at the best price, please contact P.L Property Gallery Developers & Constructors Ltd for the assistance. With an extensive database of ready properties, we can quickly find the one which fully meets with your personal requirements.
Apartments varieties in Cyprus
Before you buy a property abroad, you need to determine property type.
The following types of properties are most popular in Cyprus.
- Flats.
- Apartments.
- Studios.
- Penthouses.
Residential complexes deserve a special attention. This option is suitable for those who want to buy an apartment in Cyprus for their own comfortable stay or subsequent rental to tourists. Residential complexes include small 2-3 floors apartment blocks, separate townhouses with a communal pool and parking. Unlike from your own mansion or villa, these properties do not have their own plots.
Apartments in Cyprus
Represents with the different sizes and configurations. They differ from the usual Russian apartments. For example, the local 1 bedroom flat is comparable in size with a two-room apartment in the Russian Federation. In a three-room apartment, as a rule, two lavatory are present. In the living areas of any size water heater is obliged to be installed. If you want to buy an apartment in Cyprus, you can choose the best option in one of the housing or business areas, which will help to conveniently set a stable life and a comfortable lifestyle.
Apartments
Many people confuse this property type with the ordinary flats in Cyprus. The decision to buy an apartment might be beneficial with the future lease. The fact is that this property type in Cyprus is inexpensive, and in the future it can be rented out for a good fee. Apartments, unlike flats, do not allow registration. They belong to the category of commercial real estate. Often they have an open plan layout and are located in the vibrant areas of Cyprus.
Studio apartments in Cyprus
This property type, like the previous ones, are located in a multi-storey building. In case if you decide to purchase a studio apartment in Cyprus, you can seriously save on deal. Such properties have a relatively small area. The apartment consists one room, shower or bath and toilet. Sometimes there is a balcony or veranda. The common fact for studio apartments in Cyprus is that the kitchen and living room are a jointed and the area separation is done by only bar stage.
Penthouse
This type of flats belongs to the Luxury estate category. The flat must be located on the top floor of a high-rise building and has its own terrace or access to the roof. Another distinguishing feature is the flat large size. These flats are located in prestigious areas of Cyprus. Status of the building has a great importance for such flats and as a rule, penthouses are only presented in the elite buildings.
When you decided to buy a flat in Cyprus worth more than 300 thousand euros, you will be fit with the opportunity to quickly obtain a residence permit. At the same time, quick and easy obtainig of multi-visa is also available. After 7 years from the flat purchasing in Cyprus, you are entitle to obtaining EU citizenship.
Pros of buying an apartment in Cyprus
In addition with the possibility of obtaining European citizenship or setting of additional source of income, houses, villas and other real estate in the Republic provide a wide range of advantages. Since you take a decision to buy an apartment in Cyprus, you will always have a place where you can comfortably relax from the bustle of megacities and enjoy the mild climate of one of the best islands in the Mediterranean. The Republic friendly attitude to foreigners, including Russians, is very well known, as well as a rich culture heritage. At the present time more than 12 thousand Russians permanently live in Cyprus and for their convenience are presented their own entertainment facilities and shops.
Why buying an apartment in Cyprus is better with P.L. Property Gallery Developers & Constructors Ltd.?
Our company is the largest real estate developer in the region. We have been working in the Cyprus property market for over 18 years and have earned the trust of hundreds of clients. We offer a full range of related services to our partners wishing to buy a villa in Cyprus or acquire a more modest housing (apartment, apartment, etc.):
- Search and selection of housing.
- Legal support of transactions with apartments, houses, villas.
- Expertise of prepared documents and banking operations.
- Obtaining permission to buy a house, villa or apartment.
- Registration of ownership of the property.
- Development and implementation of an individual design project for the interior of an apartment in Cyprus or the landscape in front of the house.
- Assistance in solving migration issues.
- Management of an apartment, house, villa during your absence.
Experienced specialists will help you understand the intricacies of local legislation, make the process of buying your own apartment in Cyprus simple and profitable.
How is buying an apartment in Cyprus happening?
The decision to buy an apartment in Cyprus is a serious and responsible step. On the way to achieving this goal, a large number of complex legal and practical issues await. To facilitate their decision and buy an apartment in Cyprus with a guarantee of financial and legal security, contact the services of P.L. Property Gallery Developers & Constructors Ltd. We will go through with you all the stages of the transaction, which can be roughly divided into the following significant steps.
Selection of an apartment in Cyprus.
Entrust the search and selection of housing to our specialists.
We have an extensive database of objects in our arsenal, with the help of which you can easily buy an apartment in Cyprus in full accordance with your preferences:
- Study trip. By visiting an apartment in Cyprus in person, you can objectively evaluate all its advantages and disadvantages before buying.
- Conclusion of a preliminary contract. At this stage, you can outline the key conditions on which you want to buy an apartment in Cyprus, as well as book it for the next 1-1.5 months.
- Opening a bank account in Cyprus. It is required to transfer the agreed payments to the apartment seller.
- Drawing up a contract and registering it. Whether you can buy an apartment in Cyprus with a guarantee of financial security directly depends on the completeness of the stated conditions and the correct observance of all legislative nuances.
- Completion of settlements and receipt of a document confirming the ownership of the apartment. After paying VAT and transferring the post-payment, you can start organizing everyday life in your new home, being the full owner of the selected property.
If you have any questions or want to buy an apartment in Cyprus in the very near future with a guarantee of quality and financial security, please contact the specialists of our company in any convenient way.
