The Republic of Cyprus remains one of the most attractive countries for the construction of luxury real estate. This is due to developed economy, favorable climate, EU membership, expansionary tax policy, low-key lifestyle, and friendly locals. Top construction companies in Cyprus offer a wide range of houses, villas, and apartments in different regions of the island. However, choosing a reliable partner remains quite a challenge, especially for those who are not familiar with the local market. To assist the process of buying a home in Cyprus, we have prepared a list of companies that will succeed to meet your personal requirements.
Real estate market in Cyprus
The Republic was able to maintain investor confidence even during the global economic crisis. Top construction companies in Cyprus have strengthened their positions, as well as initiated some ambitious projects. It should be noted that inexpensive new buildings are in low demand. People who would like to buy housing in Cyprus on a budget prefer the secondary market. And luxury real estate is sold at a rapid-fire pace. Penthouses and villas are bought up at the construction stage.
The second biggest group of foreign investors are Russians. Citizens of the Russian Federation choose real estate in Limassol and other regions with infrastructure for a comfortable life and recreation. Cyprus is an island state with dense construction. Villas and penthouses are located close to international airports. There is nothing easier than to wake up in the morning in your Cyprus villa and have dinner in mainland Europe. Buying housing in Cyprus worth EUR 300,000, you can get a residence permit. And if you invest EUR 2,000,000, you can even obtain EU citizenship. The Republic is characterized by developed healthcare system, abundance of international schools and social institutions, and extremely low crime rate. This also contributes to the growing popularity of local real estate.
Real estate
Top construction companies in Cyprus offer their clients different solutions with impressive architecture, unique style, and excellent quality. Many of the modern projects have various awards and arouse genuine interest among investors and the expert community. These include Venera Residence by P.L. Property Gallery Developers & Constructors Ltd. A gated complex of 7 luxury villas is located within walking distance of a clean beach, cozy restaurants, and numerous shops. The company has completed dozens of other stylish projects.
Commercial real estate in Cyprus is also represented by a wide variety of solutions. You can buy both a modern and stylish office in the business center, as well as a small cozy restaurant in a separate building. Petit Palais Platres Hotel, a mountain boutique hotel, has first welcomed fans of peace, comfort, and authenticity in 2020. The 1936 building with an impressive history has been restored by a team of experienced professionals and filled with an atmosphere of hospitality. If you are looking for an office in an ultra-modern business center, you should pay attention to Nereus Tower. The complex with luxury apartments offers excellent views of the seascapes.
Construction regions
Real estate in Limassol is the most popular among investors. The southernmost city of Cyprus attracts foreign investors with its highly developed infrastructure successfully combining resort areas and a favorable climate. Limassol has all the opportunities for a comfortable life and business, so top construction companies in Cyprus offer an impressive range of luxury housing and commercial properties.
Other cities in the Republic for a comfortable and convenient life include Paphos, Nicosia, Larnaca, Ayia Napa. Some of them are only developing while others are completely built up. This makes it difficult to find suitable housing.
Top Construction Companies in Cyprus
The area of the Republic is pretty compact, so all the key players in the real estate market are well known. Some of them are popular even abroad.
P.L. Property Gallery Developers & Constructors Ltd.
The company is rightfully included in the list of top construction companies in Cyprus. 18 years of experience indicate a high level of trust on the part of partners and investors. Many projects by P.L. Property Gallery Developers & Constructors Ltd. have international awards in construction. The company offers a unique combination of modern architecture, innovative solutions, and proven technologies.
It is considered one of the best in Cyprus not only due to impeccable service at all stages of cooperation but also the wide range of services rendered. These include:
- selection of housing in Cyprus;
- assistance in selling local apartments, villas, penthouses;
- management of residential and commercial real estate in Limassol and other regions;
- interior and landscape design;
- lease in Cyprus.
P.L. Property Gallery Developers & Constructors Ltd. offers its clients a wide range of villas, penthouses, townhouses, and cottages. Real estate can be purchased both at the stage of construction and final finishing. There is also a choice of commercial real estate to launch a business in the Republic.
Top construction company in Cyprus specializes in the sale of real estate in Limassol. It also has projects in other regions of the country. You should pay attention to the evergreen residential complex presented as an oasis of comfort and luxury among the mountain terrain with its fascinating views. The Signature Residence offers apartments for lovers of skyscrapers. And those looking for premium housing in prestigious areas can consider apartments in Delta Residences. The company's portfolio includes more than 500 properties in Cyprus.
Cybarco
The company with a 70-year-old history deserves the title of one of the top construction companies in Cyprus for many interesting projects implemented. And Limassol Marina is one of them. The resort complex offers not only the best housing in Cyprus but also its own boutiques and a spa center. The Akamas Bay Villas project includes 39 villas on the Akamas Peninsula, each of which has access to the sea and a private pool. Exclusive homes cost from EUR 1,200,000, and the average price of apartments in Apollo Heights varies between EUR 300,000.
Pafilia
The company was founded in 1977. It sells real estate in Limassol, Polis, and Paphos. A reference project in the company's portfolio is a golf resort called Minthis Hills. It includes 500 villas located in the protected area of Cyprus. Post-sale service is assigned to a subsidiary specifically created for this purpose.
Aristo
This company was founded back in the 1980s. It is part of the so-called Alliance of Construction Companies of Cyprus. The company's portfolio includes more than 265 projects and has offices in all areas of the island. Its villas cost EUR 495,000 and more.
Imperio Properties
This company can also be included in the list of top construction companies in Cyprus, although it is the youngest one. It took Imperio Properties 10 years to win several European awards for architectural projects. The company sells residential and commercial real estate in Limassol at the average price for the premium segment. Projects by Imperio Properties are distinguished by their modern design.
Conclusion
Cyprus housing and commercial real estate are represented by a wide variety of projects from top construction companies. But even the most expensive and high-quality buildings can have their own flaws, which gins up companies to move forward to fair competition. To make housing in Cyprus become a place for recreation, work, and permanent residence, choose trusted partners, whose reputation and expertise are highly appreciated by the expert community.