Luxury 7 Bedroom seafront villa with private swimming pool for sale in Coral Bay — Paphos

5,500,000 €

Total area
850 m²
Land area
1,100 m²
Bedrooms
7
Bathrooms
8

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Features

Sea at 10,000 m
Garden
Car parks

This luxurious 7 bedroom villa is located on the beautiful sea front of Coral Bay in Paphos. It has a total covered area of 850 square meters built on a plot of approximate 1100 square meters. It has an ideal location as its very close to Peyia village full of amenities, and just a few meters away from the nearest shops, restaurants and bars in Coral Bay. This specific property has private access to the beach with unobstructed panoramic sea views. Its a 2 level property with open plan double living and dining area, a semi-separated fully fitted kitchen with granite worktops and breakfast bar and also comprises of double bedrooms with en-suite facilites, a family shared bathroom and a 2 guest wash rooms, It has a study/ office room, a large games room and a second kitchen and dining room on the lower level. The villa additionally features large terraces, large balconies overlooking the uninterrupted sea views, built-in floor to ceiling wardrobes, A/C units, central heating, double glazing with fly screens and a marble staircase. Externally, there is a huge private swimming pool with a mature well-kept garden and covered parking space for at least 3 cars. The property is sold furnished. This is a must view property!

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.