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Elevated above the coastline, this property benefits from stunning panoramic sea overlooking Coral Bay Village. Also mountain views and wonderful sea breezes. The accommodation is extremely spacious with a huge living room divided into individual two seating areas, dining area and corner kitchen. Patio windows to the side and front provide lots of light and there is easy access to a huge covered terrace overlooking the extensive plot and countryside down to the sea. There’s an electric awning, with wind sensor. 5 bedrooms and 3 bathrooms are situated on three levels, accessed by an impressive central stone staircase in the living room. On the upper level is the master bedroom with en-suite bathroom and amazing private covered balcony. On each side of the villa, staircases lead down to an amazing entertainment space equal to the size of the accommodation space above. There is a fitted bar, seating area, table tennis and pool tables, dining area, fully fitted kitchen, storage space and shower room. 2 purpose built barbecues area and a large covered terrace. This then leads down to another terrace & Gazebo Steps lead down to a further terrace with corner gazebo and on to the stunning 12 m x 8 m overflow swimming pool with corner roman steps and surrounding terrace. To the rear of the pool is a small garden with a working well, maids accommodation and storage room. The gardens are beautifully landscaped with a variety of colourful plants and trees. To the front of the property is a large gated driveway with two individual car ports and plenty of space for parking.
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.
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 Coral Bay elsewhere on our website.
We select ads that may interest you.
Send us an enquiry with an approximate description of the property or investment project you’re interested in.
After clarifying your enquiry, we will introduce you to our partners and/or local agents.
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.
You then view the property or properties you have chosen. Our partners or agents from Tranio's European offices will meet you in situ.
Having chosen the best property, you will sign the sales or investment agreement (for development).
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.
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.
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.
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.
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.
