Block of six modern apartments at a distance of 30 meters from the beach, Limassol, Cyprus

1,500,000 €

9,090 € /m²

Total area
165 m²

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Features

Total rooms: 3
Sea at 30 m
Balcony or terrace
Furnished
Garden
Car parks
Sea view

Multifunctional building for living, working and relaxing in the center of the Cyprus Riviera. The three-storey building consists of two offices on the ground floor and three two-bedroom and three-bedroom apartments on each floor. The building has a parking lot. The living space of the apartments starts from 105 square meters. The building also has a large roof garden.

Features:

Uncovered parking
Electric gates
Near the green zone
Sea view
Air conditioning
Fully equipped kitchen
Guest toilet
Electric shutters
Double glazed windows
Garden
Washing equipment
Fully furnished apartments available

Extra opportunities

We can help you to get Cyprus citizenship within 180 days when buying a property worth € 2 M or more.

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Advantages

Buying this property allows the buyer to participate in the Cyprus investment program. You can obtain the citizenship of the country through real estate investments in the amount of from 2,000,000 EUR.

Naturalization of the investor and obtaining a passport takes about six months
Citizenship can be obtained after 6 months of possession of a Cyprus resident card
Since 2004, the Republic of Cyprus is a member of the European Union
The whole family of the investor can participate in the program, including the children and the applicant's parents
Cyprus passport takes the 14th place in the Passport Index Henley and Partners passport rating and provides visa-free travel to more than 170 countries of the world

Property on the map

Location right down to the building, street or city
Other properties

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More properties

If this property wasn’t for you, take a look at other apartments for sale in Cyprus.

You can see more apartments for sale in Limassol (city) elsewhere on our website.

How to buy property with Tranio

Enquiry

Send us an enquiry with an approximate description of the property or investment project you’re interested in.

Meeting the partners

After clarifying your enquiry, we will introduce you to our partners and/or local agents.

Offer selection

We will help you to select suitable options. Tranio does not charge a commission for this — the property price remains the same as if you contacted our partner directly.

Viewing tour

You then view the property or properties you have chosen. Our partners or agents from Tranio's European offices will meet you in situ.

Transaction closure

Having chosen the best property, you will sign the sales or investment agreement (for development).

FAQs

Can I get a mortgage abroad?

It depends on the country. For example, German banks willingly offer mortgages to foreigners at 1.5-2 % per annum with LTV up to 70%. Spain offers less favourable terms: the minimum rate for foreigners is 2.5% per annum. The situation is different in Greece: although the law does not prohibit banks from issuing loans, in practice, Greek banks don’t issue loans to local nor foreign property buyers. You can learn about the mortgage terms in your preferred country by contacting Tranio’s local agents.

How does the purchase procedure work?

The purchase procedure depends on the country where you buy property. Generally, after choosing a property you need to sign a preliminary agreement with the seller and carry out a due diligence of the property by checking the relevant documents and the property's technical condition. After that, all parties sign the sales agreement and the notary registers the transaction. As a rule, the purchase registration costs amount to approximately 10% of the property price.

Can a residence permit be obtained by buying property?

In some countries it is possible. Residence-for-property purchase programmes are known as Golden Visas programmes. Greece, Spain, Latvia, and Portugal offer the most popular Golden Visas in Europe. The Greek residence permit is the cheapest and can be obtained by buying a property worth at least €250,000, while organising all of the documents costs about €19,000. Certain countries offer citizenship to property buyers — for example, an investor can get their hands on a Cypriot passport by buying a property worth at least €2M.

Can I obtain income from a seaside apartment?

Yes. You can use the purchased property yourself for holidays and lease it to tourists for the rest of the time. To avoid the hassle of finding tenants and cleaning the property, it’s a wise idea to hire a management company to do all the work – these services usually cost about 20% of the rent. Take into account the length of the tourist season in the location you choose: in certain regions it will be easy to rent apartments out all year round, while in others it might only be possible to do so during the high season.

How does Tranio make money if your service is free for the clients?

We share the commission, which the buyer or the seller (depending on the country) pays to our partners — foreign real estate agencies. The price of this service is the same as if you contacted the agency directly — this is an important condition and applies to all of our partnership agreements.

Who guarantees the transaction security?

The transaction security is guaranteed by the notary who draws up the sales agreement and checks the information on the previous and current owners of the property, any outstanding restrictions, mortgage, and third-party encumbrances. Tranio is not responsible for the parties involved in the transaction.

Block of six modern apartments at a distance of 30 meters from the beach, Limassol, Cyprus

Extra opportunities

Advantages

More properties

Similar listings

How to buy property with Tranio

Enquiry

Meeting the partners

Offer selection

Viewing tour

Transaction closure

FAQs

Send the listing to yourself

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To an email

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