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Bezino Trading LtdForeigners can choose and buy a villa in Larnaca on the Global Properties website, which presents more than 204 offers from trusted real estate agencies and developers.
Set the search options important to you to pick up the best house in Larnaca: the number of bedrooms, location, and size. You can compare various villas and houses in Larnaca by prices, amenities and other features. This will allow you to choose the best option. Each ad contains the seller’s contacts, who can arrange for you to view the overseas property and discuss all the details of the transaction.
- The lowest house price in Larnaca is €540000.
- The highest cost of villas in Larnaca is €7 million.
Villa prices in Larnaca are as follows:
| Number of bedrooms | The lowest price (€) | The highest price (€) |
| 2-bedroom | 120,000 | 600,000 |
| 3-bedroom | 120,000 | 2 million |
| 4-bedroom | 199,950 | 4.2 million |
| 5-bedroom | 210,000 | 7 million |
| 6 bedroom | 600,000 | 6.78 million |
| 7-, 8-bedroom | 585,000 | 3.5 million |
- The smallest house has an area of 111 m².
- The area of the most spacious villa for sale in Larnaca reaches 1,700 m².
One of the ways to obtain a residence permit is to purchase a property in Cyprus for at least €300,000.
Please read the important clarifications:
- You can purchase several houses or villas in Larnaca for investment for the required amount.
- Housing must be new and purchased from the developer.
- When turning in paperwork, the candidate must verify that they have no criminal record and can prove income from sources outside of Cyprus totalling €50,000 annually.
Villas for sale in Larnaca
This place is a true gem of the Mediterranean coast and a great place to buy houses for sale in Larnaca, Cyprus. It has everything you need for a comfortable stay: schools, hospitals, shopping malls, and restaurants. Residents of the city have access not only to the long coastline but also to the international airport.
The value of buying a villa in Larnaca depends on the distance from the sea, the quality of interior and exterior finishes, total area, layout features and additional amenities. The domestic real estate market can offer you finished and off-plan properties. Ready-made housing is suitable for those who want to move into a new villa in Larnaca or rent it out to make money. Off-plan projects are a good option for investors and those buyers who are willing to wait a little to get housing at a more pleasant price buying it without extra charge directly from the developer.
There are several main stages of buying a property in Larnaca:
- Picking up an overseas property on the Global Properties website.
- Verifying all real estate documents legally.
- Concluding a preliminary agreement between the buyer and the seller, which obliges the parties to complete the transaction.
- Transferring the deposit to book the residential unit.
- Making the final sales contract and paying the remaining amount.
- Registering ownership rights.
In addition to the basic cost of a house for sale in Larnaca, the buyer also pays:
- The tax on the transfer of ownership. Its percentage depends on the value of the residential unit and can range from 3% to 8%.
- The value added tax. The standard rate is 19%, and the preferential rate is 5%. The latter applies if the buyer purchases the property for the first time and only for personal use.
You can pay for the villa in cash or use a mortgage from a local bank. The loan can last from 5 to 40 years. The average mortgage rate in Cyprus is 4% per annum.
Developers prefer to sell off-plan housing in instalments. In this case, the total amount is divided into parts, which are over time as the house is being built. Making regular payments to the bank does not include any interest making it advantageous for investors.
Reasons for investing in a house in Larnaca
Buying an investment villa in Larnaca, a popular resort town of Cyprus, is a great investment opportunity. Excellent transport accessibility, high-quality infrastructure and close location to the sea make local properties highly liquid and profitable.
There is a high demand for rental real estate in the city, as a large number of tourists come here throughout the year. Villas and apartments in Larnaca are able to bring their owners an annual income of 7.6% or more. The most profitable properties are located within walking distance from the beaches and in the central part of the city.
Rental income is taxed on a progressive scale. However, if the landlord's profit is less than €19,500 per year, there is no need to pay income tax.
Moreover, an investor can make money on reselling an off-plan housing bought at a bargain price. As a rule, by the time the work is completed, the price of investing in a house in Larnaca increases significantly.
Buying villas in Larnaca
Global Properties makes the process of finding and acquiring villas for sale in Larnaca and houses in Cyprus more convenient and efficient. The site's catalogue contains diverse real estate ads from numerous agencies and developers. This allows the buyer to access an extensive database of up-to-date offers free of charge without visiting several different websites.
A convenient advanced search allows you to pick up various properties by price, location, size, number of floors and other criteria. This way you can view only interesting options if you are eager to buy a house in Larnaca.
The online-platform hosts a rich choice of ads from trusted sellers. The catalogue is regularly updated with new offers. You will always be aware of current market offers and objectively assess the latest trends in the Cyprus real estate sector.