For Sale Beautiful 3 Bedroom Villa in Small Development located in Geroskipou

360,000 €

Total area
137 m²
Land area
380 m²
Bedrooms
3
Bathrooms
3

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Features

Sea at 4,000 m
TV

This small, select development of detached spacious villas offer excellent value for money. Elevated, easily maintained plots give commanding and unobstructed views over farmland, but more importantly over the Paphos coastline and the magnificent sunsets the western area of this island is famous for. Situated in a quiet area on the outskirts of Geroskipou close to a country road leading to the village of Konia and all the beautiful rural natural beauty of Cyprus beyond. You also will be within easy reach of all the amenities of Paphos and of course, the airport. The blue flag beach of Geroskipou and the village centre with various friendly taverns and restaurants offering mouth watering menus, is only a 3 minute drive away. Generous-sized open plan living room downstairs offers light, air and space to breathe. A marble staircase leads to 3 double bedrooms and 2 bathrooms (en suite to master plus family bathroom). There is the added benefit of a downstairs cloakroom. An upstairs veranda overlooks your own generous patio area. Granite worktops and provisions for satellite television are included. The properties also have an attractive stone feature, as do the boundary walls on the development. Perfect for investment or holiday and an absolutely ideal choice as a permanent home. Price: 360,000 Euros + VAT

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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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.