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Limassol (city) Apartment 355,000 €
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№ 1,844,032

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Modern & Truly Luxurious Private Gated Complex of Apartment Residences for sale in Limassol — Walking distance to the Sea

355,000 €

2,591 € /m²

Total area
137 m²
Bedrooms
1
Bathrooms
1

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Features

Sea at 750 m

The Palm Residence is a private gated estate of apartment residences, offering a modern and truly luxurious environment. The Palm, consists of three buildings made up of 1, 2 & 3 bedroom apartments, and 3 bedroom Deluxe Penthouses offering private roof top pool and unobstructed sea views. All residences are built to the highest standards; incorporate the finest materials, and offer additional leisure and lifestyle amenities that make “The Palm” an exceptional place to live. The Palm; is located in the exclusive Columbia Area of Limassol, a prime location offering easy access to Limassol Seafront and Business; Retail centres. Project is under construction. Prices start from: 208,000 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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Location right down to the building, street or city
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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).

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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.
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.

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Artyom Sedov,

Commercial Director

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Modern & Truly Luxurious Private Gated Complex of Apartment Residences for sale in Limassol — Walking distance to the Sea

Extra opportunities

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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