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Kornos Mansion 950,000 €
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№ 1,731,104

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New villa with a private garden, an outdoor pool and terraces, Kornos, Cyprus

950,000 €

Total area
404 m²
Land area
1,674 m²
Bedrooms
5

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Features

Balcony or terrace
Swimming pool
Garden

A new villa with five bedrooms, a private garden, an outdoor pool and terraces in the village of Kornos.

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 and nearby infrastructure

The picturesque village of Cornos is approximately the same distance from the three largest cities of Cyprus — Nicosia, Limassol and Larnaca. The journey by car from these cities will take no more than 25 minutes.

Kornos is at an altitude of 320 m above sea level. Here, agriculture, beekeeping, pottery are developed. The village has a rich history and many architectural sights of different eras.

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Is this property suitable for obtaining a permanent residence permit in Cyprus? How much should I budget for legal arrangements? Can I rent this property out?

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More properties

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 Kornos elsewhere on our website.

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Svetlana Larionova

Real Estate Expert Tranio in Kornos

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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 and Latvia 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 Turkey passport by buying a property worth at least $400,000.
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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Marina Filichkina,

Head of Sales

Limassol, Cyprus

Tranio Cyprus LTD, 38 Karaiskaki Kanika Alexander Center, Block 1, 1st Floor office 113b, 3032 Limassol Cyprus

+35 725 060200

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Tranio Global Real Estate, Wafi Residence, Oud Metha Rd - Umm Hurair 2 - Dubai - United Arab Emirates

+971 4 608 6565

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Tranio LLC, Calle del Palangre, 14, 03182 Torrevieja

+34 932 204 049

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+30 211 198-60-27

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Tranio Germany GmbH, Schlüterstraße 38, 10629 Berlin

+49 302 2957622

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