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  • 17 July 2018 Larnaca Tower plans progressing

    It looks as if a high-rise development ‘Larnaca Tower’ will soon get... read more

  • 16 July 2018 Andreas Byras Mayor of Larnaca interview in Politis newspaper

    "There will be pressure. Neither with the issue of the harbor, nor with the... read more

  • 10 July 2018 Hellenic Bank Step towards the conclusion of the agreement

    The decision of the House of Representatives yesterday is still a decisive... read more

  • 22 May 2018 Limit on citizenship scheme announced

    The Council of Ministers has decided to restrict the number of citizenships... read more

  • 3 May 2018 Oil Tank demolition in progress Irini Gardens Newzoe Developers Ltd

    The first oil tank on the old Larnaca-Dhekelia road was demolished on... read more

Cypriot Passport Acquisition and Permanent Residence Permit
Repossession Property Yield Properties

Latest news

  • 17 July 2018 Larnaca Tower plans progressing

    It looks as if a high-rise development ‘Larnaca Tower’ will soon get... read more

  • 16 July 2018 Andreas Byras Mayor of Larnaca interview in Politis newspaper

    "There will be pressure. Neither with the issue of the harbor, nor with the... read more

  • 10 July 2018 Hellenic Bank Step towards the conclusion of the agreement

    The decision of the House of Representatives yesterday is still a decisive... read more

  • 22 May 2018 Limit on citizenship scheme announced

    The Council of Ministers has decided to restrict the number of citizenships... read more

  • 3 May 2018 Oil Tank demolition in progress Irini Gardens Newzoe Developers Ltd

    The first oil tank on the old Larnaca-Dhekelia road was demolished on... read more

Opulent villas in Cyprus up to 30 million euros

   

The homes for expensive tastes in Cyprus are rising and rising. Millions of homes are looking for a buyer, and it's not hard to figure out that the majority is in Limassol. Small palaces with swimming pools, private beaches and many amenities come out for sale by estate agents specializing in luxury properties. These are properties that cost from the low price of € 3,000,000 to the huge amount of € 30,000.0000. Few can buy them and they are definitely not Cypriots. The focus is on buyers mainly from Russia, the Middle East, Asia, Saudi Arabia, and Europe. 

The most expensive house for sale is located in Ayios Tychonas in Limassol at a price of € 30 million. The property consists of all the luxuries and amenities that a potential buyer can see. Some of these features include a hammam, a sauna, a gym, indoor and outdoor swimming pool, a snow booth, 2 aquariums, and massage rooms. The plot is 2025 square meters and the total area is 3311t. m and the villa consists of 5 floors. 

Luxury does not stop, nor does a number of multi-million-dollar homes offered for sale. Villa in the area of ​​Agios Tychonas is sold for € 14,28 million and is located 200 meters from the beach. The characteristics of the property indicate that within an area of ​​1,699 square meters, the residence extends to three levels from the basement, the ground floor on the first floor and all connected by a lift. Luxurious 6 bedrooms, the two bathrooms are made with Italian decorative stone, marble, ceramics.

At this stage the villa can be modified and more bedrooms can be added for the specific needs of the prospective buyers. The building is rich in modern facilities: swimming pool, barbecue, indoor and outdoor Jacuzzis, inside and outside the sauna room, gym, fireplace, indoor comfortable parking, central air conditioning, underfloor heating, smart house system, security and fire alarm systems , controlled access to the gateway.

The abundance of options for buying a villa in Limassol is great. There are 3 villas for sale in a luxurious area outside of Limassol. One is 584 square meters on a plot of 1.056 square meters with two floors and a price of € 13.20 million. The other one is 500 square meters on a plot of 896 square meters with two floors and a price of € 11 million. The third is 794 It has three floors and a sales price of € 16.70 million. The range of villas is priced between € 2 million and € 4.5 million. A luxury villa built near the beach in the area of ​​Limassol is offered for sale in € 4.5 million It has four large bedrooms and two smaller, heated swimming pool, underfloor heating, central elevator on three levels, high tech e environmental control systems.  

Villas of many millions are offered for sale at the Limassol marina. At a price of € 8,6 million, a luxury house is being built, which is built on a plot of 703 sq.m., has 4 bedrooms, living room 40 sq.m, swimming pool. In the same area a villa is sold at a price of € 7.7 million on a plot of 644 sq.m, with 4 bedrooms and a swimming pool. At a price of € 7.6 million, the villa is sold in Limassol Marina on a plot of 591 sq.m with 4 bedrooms. At a price of € 6.95 million, a villa is sold on a plot of 575 sq.m with 4 bedrooms and a swimming pool. For sale is a villa in the Limassol marina at a price of € 6.85 million, built on a plot of 577 sq.m. with 4 bedrooms and a swimming pool. At a price of € 3.75 million, a villa with 3 bedrooms and a swimming pool is being sold. The survey shows that the lowest price is € 3.25 million.

Apart from the villas there is a selection of apartments. Apartment on the 5th and 6th floor with 4 bedrooms, sunbathing area and swimming pool has a selling price of € 5.10 million. At the price of € 5.15 million on the 6th floor is offered for sale apartment with 4 bedrooms. Apartment on the 3rd and 4th floor with 4 bedrooms and pool offered for sale at € 6,09 million. Apartments prices range from € 1,85 million to € 6 million.

On the websites that offer luxury real estate for sale can not be missing the reference to the benefits of obtaining the Cypriot passport. Note that it is a very simple process and it takes about 6 months to complete. It must have invested at least € 2 million in one or more residential properties in one or more residential real estate, provided that the value of one of the properties is at least € 500,000 (exclusive of VAT) which must be kept as a permanent home of the investor in Cyprus. It is stressed that the holder can have free movement within the EU and visa-free travel in more than 150 countries. The investor does not become a tax resident unless he spends more than 183 days in a calendar year in Cyprus. It is also not necessary to reside in Cyprus before or after obtaining the passport. There is no need to pass the language test, investors have the right to rent a permanent residence in Cyprus, they have the right to sell the permanent residence as another permanent residence will be purchased. 

Research on sites dealing with the sale of expensive real estate, among other things, states that Cyprus is among the safest countries in the world and holds 5th place compared to 106 countries. More surprising is that it is noted that Cyprus is number one the safest place to live and visit among countries with a population of less than 5 million. Switzerland, Singapore, Spain, Japan and Cyprus scored the best from 7 categories of data (CO2 emissions, life expectancy, national police personnel, traffic accident deaths, thefts and attacks, number per 100,000 people).

The data released by the Cadastre suggest that foreigners are strengthening the real estate market, mainly due to the government's passports program. Sales documents with foreign buyers showed an increase of 32.7% in 2017 reaching 2406 pieces from 1813 in 2016. In 2017 sales of real estate to foreigners accounted for 27.5% of total property sales compared to 25.7% in 2016. They are today at the highest level since 2008 when sales of real estate to foreigners accounted for 45.2% of total sales.

http://www.philenews.com/oikonomia/kypros/article/480014/biles-ga-kroisoys-stin-kypro-eos-kai-30-ekat