Housing purchased in the Republic of Cyprus is a profitable investment in your secure future. You can make money on the increase in the value of real estate or by renting it out. Housing in Cyprus is often used as a way to obtain EU citizenship fast. When buying real estate worth more than EUR 500,000 and investing in the economy EUR 2,000,000 in total, you can obtain a Golden Passport in 6 months and become an EU resident. Housing in Cyprus can also be used for permanent residence and family vacations on one of the sunniest islands of the Mediterranean with developed infrastructure, centuries-old history, loyal attitude of local residents to foreigners and tourists.
If you would like to buy real estate in Cyprus, it is worth remembering that the main component of success is the assistance of a reliable partner. To find a good construction company and protect yourself from financial losses, you need to understand the local market. In case you have no such qualification, here are a few simple tips to find the top construction companies in Cyprus.
Real estate market of the Republic of Cyprus
Experts have recently noted an increase in investor interest in luxury villas, houses, cottages, and penthouses. Economy-class housing in Cyprus is most often sold on the secondary market. Wealthy foreigners, especially from Russia, mostly prefer the top construction companies in Cyprus engaged in greenfield construction.
The local housing is available in a variety of options with different area, layout, and design solutions used. Since Cyprus is an island state, the number of available plots is very limited. Though, the top construction companies strive to provide investors with maximum convenience from the use of purchased villas, cottages, and houses. The most popular projects are built close to international airports and the coastline of the Mediterranean Sea. And Limassol is especially popular among investors. It is one of the biggest resort cities in Cyprus. It has everything for a low-key life: developed infrastructure, mild climate, proximity to the sea, and a variety of real estate in respectable areas.
Getting assistance from the top construction companies, you can both buy real estate in Cyprus for a comfy family vacation or further lease and buy commercial property in a modern business center or a detached building. Limassol also provides opportunities for new businesses in a variety of fields of activity.
How to find the top construction company in Cyprus?
Buying real estate in Cyprus requires analysis and comparison of a large number of different parameters. These include the location, price of residential or commercial real estate, infrastructure development, etc. The security of the entire transaction depends on the choice of the construction company.
Reputation of the construction company
The top construction companies in Cyprus strive to win the trust of partners and customers since a solid reputation guarantees the quality of housing sold and services provided. Examine the reviews on the Internet and check the official website to assess the company's reputation. Information about years of experience on the market and the number of successful projects should be publicly available. It is also worth paying attention to the company's management. Sometimes a company with a legally perfect reputation pretends to be one of the top construction companies in Cyprus but is managed by people associated with ill-reputed businesses in the market.
Number of projects completed by the construction company
This parameter tells about the company's efficiency. It is likely that having successfully completed one new building in Cyprus, the company will not fail in the next construction projects. When analyzing the company's portfolio, pay attention to properties with apartments on sale. If the commissioning of housing in Cyprus was carried out a long time ago but no one bought it, this should alert you.
Awards and victories of the construction company
There are many organizations and associations that evaluate the professional activity of the construction company. If your future partner can boast of awards and significant achievements, it is probably one of the top construction companies in Cyprus. However, it may lack years of experience on the market. If having many years of experience in real estate construction the company has not received recognition from the expert community, there should be doubts about the quality of the property on lease.
Value for money
To evaluate this parameter, analyze similar offers from competing construction companies. You need to compare real estate in Cyprus located in the same region, having a similar area and infrastructure. If the price of potential housing seems low, its quality leaves much to be desired.
Accreditation with Cyprus banks
The top construction companies often assist in buying housing on mortgage. Banks are more willing to approve such loans since the company acts as a guarantor. Getting the accreditation of a financial institution, the construction company is subjected to an extensive review of the constituent documents. If the Cyprus construction company you are considering insists on obtaining a consumer loan rather than a mortgage, it is likely to have some trust issues.
What else do you need to choose the top construction company in Cyprus?
After analyzing the publicly available information, as well as personally communicating with the company's managers, you will be able to form your own opinion of the quality of leased housing. To ensure the reliability of the chosen construction company in Cyprus, check client reviews on the Internet, as well as visit one of the commissioned buildings and talk to the people living there. It would be useful to check the process of real estate building. This will help you make sure that the company's approach is professional enough. Many construction companies offer this opportunity via 24/7 online broadcast.
P.L. Property Gallery Developers & Constructors Ltd. is your reliable partner in the Cyprus real estate market
It has been successfully working for more than 18 years. P.L. Property Gallery Developers & Constructors Ltd. can be rightly called the top construction company in Cyprus. The company's portfolio includes more than 500 real estate projects, as well as 40 completed ones and buildings under construction. The construction company has received 35 international awards at various prestigious competitions and is a member of the Chamber of Commerce and Industry of Cyprus and the FIABCI Association. P.L. Property Gallery Developers & Constructors Ltd. is in the TOP 20 in the ranking of the Homes Overseas magazine.
It offers ready-made and under-construction real estate in Limassol and other popular regions of the Republic. The range includes luxury villas, cottages, houses, apartments, penthouses, and commercial offices. The company also provides a full range of related services:
- selection of housing in Cyprus to meet individual requirements;
- assistance in the sale of apartments and houses;
- lease of real estate in Cyprus;
- assistance in mortgage application;
- real estate management;
- gardening and landscaping;
- interior design.
P.L. Property Gallery Developers & Constructors Ltd. will easily find a villa, penthouse, or other property in Cyprus to make your dreams come true. Our managers are happy to answer all your questions and help you prepare the necessary documents.
Conclusion
If you would like to buy real estate in Cyprus, you get a unique opportunity to obtain EU citizenship, as well as to financially secure your future and create a cozy place for a comfortable stay and rest of the whole family. You need to carefully choose the construction company for the investment to meet all expectations. Top construction companies in Cyprus have a good reputation among clients and partners, can boast of significant achievements, awards, and prizes at professional competitions, and are ready to provide all the necessary information about the real estate being constructed and commissioned. When evaluating these parameters, do not forget about value for money. It is important to pay attention to the number of completed projects and the list of services offered.
