Apartments and flats for sale in Larnaca

Apartments for sale in Larnaca

Buying apartments and flats in Larnaca is a long-term and promising investment in one of the largest cities on the southeastern coast of Cyprus. The region is famous for its historical sites, beautiful beaches and developed infrastructure, which make the location attractive both for tourists and for those who consider it as a place for permanent residence and investment.

It is an ancient city, which is over 4,000 years old. The resort is known for its unique architecture and salt lakes, which are an important ecological component and home to rare bird species, including pink flamingos.

The region is characterized by a high standard of living with affordable real estate prices and well-developed educational institutions, health care centers and infrastructure. The investment potential of an apartment in Larnaca, Cyprus, is high, due to rising values and rental opportunities, given the steady flow of tourists and students. The government of Cyprus offers incentives for foreign buyers, including programmes for obtaining residence permits through investment.

Transportation accessibility of the resort is well developed due to the international airport and good road network. The city has a mild Mediterranean climate, making it ideal for a comfortable year-round stay. The cultural and social life is diverse and full of activities. There are rating restaurants and cafes in the location. The sea in the area is warm and shallow, making it ideal for families with young children. Additionally, the tranquil atmosphere and excellent service make the region a favorable destination for retirees seeking a peaceful retreat.

Those wishing to buy a flat in Larnaca have the following options available:

• Studios are small studio apartments ideal for singles or young couples. They are an economical choice, popular with students and young professionals.
• Multi-bedroom apartments are the solution for small families or investors looking for rental properties. They offer ample space for comfortable living and are often located in full-service complexes including security, housekeeping, maintenance and community recreational areas such as pools, spas and fitness centers.
• Luxury penthouses are located on the top floors of many modern buildings. They include spacious terraces and offer magnificent views of the surrounding area. These apartments often have high quality finishes and may contain additional amenities such as a private elevator, Jacuzzi, and staff quarters.
• Duplexes span multiple floors and may offer features such as interior staircases, multiple balconies and additional living areas.

Cost of apartments in Larnaca can vary depending on location, size and level of luxury. Factors such as proximity to the sea, availability of developed infrastructure and ease of access to transportation hubs will help you decide on your choice.

Reasons for investing in an apartment in Larnaca

Purchase of apartments in Larnaca for investment is an effective way to maintain a stable profit in the long term. Due to the rapid development of the Cypriot market, the ever-increasing demand for apartments, as well as the influx of foreign companies, real estate is in high demand. In 2023, there was an increase in the number of properties purchased by foreign nationals - 16% more than the previous year. The most significant increase was in Larnaca - 22%. Over the past year, residential property prices in all areas of the island also showed an increase, the most significant changes in the index were recorded in the same region - 11%. It is expected that the price of apartments in Larnaca will continue to rise.

New residential developments in the city are of a high standard and are equipped with modern amenities such as swimming pools and gyms, which attract investors. High rental yields of up to 9.67% per annum and a steady stream of tourists and long-term residents also contribute to the popularity of local real estate. Rental prices for flats in Larnaca can reach up to €1,600 per month.

Buying apartments in Larnaca

Global Properties website offers different types of properties in Larnaca and other locations in Cyprus from budget options to exclusive housing units. Users can easily find suitable properties using convenient search filters by price, size, number of bedrooms and other parameters. The service regularly updates the catalog with current offers and provides professional operator support to help you choose an apartment or villa in Larnaca.