Stunning 3 & 4 Bedroom Villas for sale in Paphos, Chloraka

430,000 €

Total area
185 m²
Land area
300 m²
Bedrooms
3
Bathrooms
3

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Features

Sea at 600 m
Balcony or terrace
Swimming pool

This project is set in the unique lush, rural area of Chloraka, yet only a short walking distance to the heart of Chloraka Village offering many amenities and facilities. Only a 5 minutes’ drive to either Pafos Town or the famous blue flag beach of Coral Bay. There are 18 spacious modernly designed villas, on generously sized plots with thoughtful architectural consideration to maximize all property’s views. These capacious properties have 3 bedrooms, 1 main bathroom, 1 en-suite and 1 w/c, roof terrace and swimming pool (as an optional extra), with high quality specifications making this project the perfect investment for both a permanent residence and a holiday home. This is a very popular residential location on the bus route that links Pafos to Coral Bay. Now considered a prime location given the new Pafos Marina, due to start construction next year will be just five minute away and is the largest in Cyprus. The property design and layout may be subject to change from time to time. Illustrations, areas, measurements and distances are only an approximate.

Extra opportunities

The Investor obtains residence permit or permanent residency in Cyprus by purchasing a newly-built property for at least €300,000. Our team at Tranio will help to make a deal remotely, collect a set of documents, and make an application.

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Property on the map

Location right down to the building, street or city
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If this property wasn’t for you, take a look at other houses for sale in Cyprus.

You can see more houses for sale in Chloraka 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.

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.