“A low risk stable source of regular and excellent income delivering fabulous total returns!” 

​

The Cyprus Apartments Larnaca Project

 

This luxury development offers city centre living at its best. Luxury apartments in the Larnaca Town center, within walking distance to the Larnaca shopping area and the well known Phinikoudes Promenade.

 

Exclusive high-yielding opportunity!
Make sure you make the most of your money and don't miss out on this exclusive opportunity.

 

Project Details

 

This residential complex of ten new 2 bdr apartments is located in Larnaca Town Center. It's within easy reach of Larnaca International Airport, the centre of Larnaca and the most popular area of Larnaca, the Phinikoudes, the palm tree lined seafront is the best place for a walk in the early evenings.

 

The project consists of apartments that are designed to suit those who have a taste for elegance and style. All 2 bedroom apartments are designed to have spacious living areas and balconies along with large bedrooms.

 

All apartments come with a private parking space, a private storage room on the ground floor and and the luxury of a communal pool

 

Extra Profit potential

 
Due to the recovering market, it’s very likely that in the next few years there might be a 10-20% property appreciation thus increasing profits accordingly. 

Tax Benefits

Our investment will benefit from a 50% reduction of transfer fees and the temporary exemption from capital gains tax (available for purchases done before the end of 2016).

Market Description

It is evident from the improved fiscal indicators that the Cyprus economy is slowly entering a path of recovery. For the real estate market the significant increase of 20,18% in sales deeds during 2014 is a strong sign that the market may be starting to recover.

 

The local demand is very strong due to the culture of Cypriots who consider owning their own home as an absolute must and will do their best to achieve it once they get married. The parents also help to a great extend saving money all their life to help their kids buy a house. Home ownership in Cyprus is one of the highest in Europe at more than 80%.

Foreign buyers also started to come back due to the improving economy, lower prices and generous incentives offered by the government. We have the traditional foreign buyers who choose Cyprus for its beaches, friendly culture and ever-shining sun. The last few years we also have buyers from China, Russia, Ukraine and Middle East buying properties for investment and/or to obtain Cyprus (EU) Citizenship & Permanent Residence.

 

Looking for Distressed or Repossessed Property in Cyprus?

Distressed Real Estate has consistently proven to be an extremely lucrative investment.

 

The best-performing asset class

 

You Can Contact Us At:

​