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Modern villa with swimming pool, Protaras, Famagusta, Cyprus

575,000 €
  • Total area
    168 m²
  • Land area
    571 m²
  • Bedrooms
    3
  • Bathrooms
    3
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Features
  • Total rooms: 4
  • 2-floor building
  • Completion in: 2020.IV
  • Sea at 700 m
  • Balcony or terrace
  • Swimming pool
  • Garden
  • Car parks
  • Sea view

Elite Pearl Residence located in one of the most popular areas of Cyprus, includes 13 detached villas with plots of 421-668 m² with swimming pool. The excellent location and elite design of the houses guarantee uniqueness and safety of investment, and ensures both permanent residents and those who come here on vacation, to feel all the benefits of a luxurious life on the coast.

The cost of villas varies from € 550.000 to € 750.000 EUR + VAT

Optional: roof gardens for an extra cost of € 30.000 + VAT, optional swimming pool, vanishing edge type with mosaic tiles included (cost of € 20.000 + VAT)

Interior

The two-story villa of a total area of 168 m² comprises a kitchen combined with the living room and dining area, 3 bedrooms, 3 bathrooms.

Equipment

  • Tiled swimming pool (vanishing edge type)
  • Roof garden (optional)
  • Porcelain floor and walls tiles
  • Custom design modern kitchen with island
  • Composite stone worktop
  • Energy category class A
  • Hot water with solar panels
  • Pivot entrance doors
  • Outside shower
  • BBQ area

Advantages

  • High specifications
  • High rental potential

Infrastructure

The beauty of Elite Pearl's location making it an excellent coastal investment is that it's 7 minutes by foot to Fig Tree Bay (ranked by Traveller's Choice in 2018 as 4th best beach in Europe and 13th in the world), while at the same time secluded from the noise and commotion of tourists as it is set at the foot of the Prophitis Elias hills; thus sufficiently elevated to see the sea on the one side and enjoy the green hills on the other. It is also important to note that the east coast's magnificent beaches, from Cape Greko to Protaras to Pernera to Kapparis, draw not only foreign tourists and investors but also Cypriot home buyers, and this is the greatest guarantee to foreign investors once they identify a signature project on the east coast such as Elite Pearl.

Location and nearby infrastructure

Distance to:

Protaras beach: 700m

Protaras Resort Centre: 500m

Ayia Napa: 8km

Airport: 50km

  • Property on the map
    Location right down to the building, street or city
  • Other properties
    Other offers nearby

More properties

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

You can see more houses, villas, cottages for sale in Protaras elsewhere on our website.

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      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.

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        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?

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