Off-plan apartments for sale in Cyprus

Apartments in residential complexes in Cyprus

Cyprus is an attractive place for property investment, particularly in new off-plan buildings. With a variety of apartment buildings and complexes, you can easily find an offer that suits your needs.

The main types of flats in new projects in Cyprus are:

1. High-rise complexes: These are the most popular property types in urban and coastal areas. Flat prices vary depending on the location and level of luxury. The average size of these properties ranges from 50 to 150 square metres;
2. Flats in mid-rise buildings: These are typically found in suburban areas.

Various apartment projects are actively being developed in Cyprus, offering excellent infrastructure and high living standards. Well-known developers, such as Korantina Homes, Aristo Developers and Pafilia Property Developers, specialise in the construction of high-class residential projects.

Investments in apartments by developers in Cyprus

Cities where you can find promising new buildings:

1. Limassol: One of the most actively developing cities, Limassol has a high demand for flats in new buildings, both for investment and living. Many modern residential complexes, including off-plan ones, are concentrated here;
2. Nicosia: As the capital, Nicosia sees significant demand for flats in off-plan residential complexes at developer's prices, particularly in new residential areas;
3. Paphos: Known for its archaeological sites and stunning coastline, Paphos is popular with retirees and those seeking holiday homes;
4. Ayia Napa and Protaras: These areas attract tourists with their beautiful beaches and well-developed resort infrastructure.

These locations offer the widest selection of off-plan projects available.

Property in Cyprus is becoming increasingly popular, with more people choosing to move to the island for permanent residence or to purchase investment property. Key reasons for the demand for local apartments include:

• Positive economic and political situation: The political situation in the country is stable, and its economy is steadily growing;
• Possibility of obtaining residency: Purchasing property gives foreigners the right to obtain permanent residence. To qualify, an investment of EUR 300,000 is required;
• Favourable tax conditions: Cyprus offers a competitive tax system, allowing homeowners to achieve a high income. With a corporate tax of 12.5%, business owners enjoy a supportive environment;
• Lower cost of off-plan housing: Investing in off-plan housing requires 35% less capital than purchasing ready-made properties. Prices increase once the building is completed and operational;
• Quality development: Cypriot construction companies are known for their reliability, using modern, high-quality materials in residential projects;
• Financial benefit: Apartment prices from developers in Cyprus are much lower than those in completed complexes, meaning rental profit can be higher. Short-term rental returns can reach up to 10% per year;
• High standards of education and social protection: Cyprus offers high standards in education and social security, making it an appealing choice for families considering relocation.

Investing in off-plan flats offers numerous advantages, from tax benefits to the potential for high returns when purchasing an apartment in a new development.

Buy an apartment in Cyprus in a residential complex

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