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Cyprus EmeraldThe Global Properties website presents over 180 options for foreigners looking to buy a villa in Protaras. The catalogue showcases villas and houses in Protaras of various layouts in this small resort village in the south-east of Cyprus.
Users can easily find the right overseas property using various search filters such as area, number of bedrooms, price and more
The ads feature detailed descriptions of the properties, including their main technical characteristics and location. Prospective buyers can contact the seller to inspect the villa in Protaras or discuss any other transaction-related matter.
If you decide to buy a house in Protaras, an agreement is made between the parties and the buyer pays the full cost of the villas in Protaras. Subsequently, the state authorities register the ownership.
- Minimum house prices in Protaras: EUR 528000
- Maximum prices for houses for sale in Protaras, Cyprus: EUR3.6 million.
The Global Properties website offers up-to-date prices of various villas for sale in Protaras:
| Number of bedrooms | The lowest price (€) | The highest price (€) |
| 2-bedroom | 385,000 | 385,000 |
| 3-bedroom | 310,000 | 1.78 million |
| 4-bedroom | 255,000 | 3.5 million |
| 5-bedroom | 350,000 | 3.6 million |
| 6-bedroom | 1.15 million | 3.6 million |
- The smallest house for sale in Protaras has an area of 132 m2
- The sizes of the most spacious mansions reach 1,000 m2
Buying a villa in Protaras at the construction stage for EUR 300,000 or more may qualify individuals to obtain a Cypriot residence permit. However, there are additional conditions required to obtain this document:
- Confirmation of annual income received outside Cyprus for EUR 50,000;
- Having no criminal record;
- Possessing medical insurance.
If the applicant’s relatives also apply for a residence permit, the required amount of income received from abroad increases by EUR 15,000 for the spouse and EUR 10,000 for each child.
Villas for sale in Protaras
Protaras is a serene and cosy coastal village in Famagusta. The properties in this area are ideal for those seeking a tranquil and measured lifestyle away from the bustling resort areas. Despite its secluded lifestyle, the village offers all the amenities necessary for a comfortable stay, including shops, fine restaurants, picturesque parks and well-equipped sandy beaches along the pristine shores of the Mediterranean Sea.
The catalogue of property in Protaras offers a wide range of villas to suit every taste. From low-cost houses to luxurious mansions crafted with premium materials, spacious grounds, private swimming pools and other upscale amenities, there’s something for everyone. Real estate in this community is more affordable compared to the major resort towns of Cyprus, which is a significant advantage of this location.
Buyers can choose housing from the secondary real estate market or purchase a house in Protaras directly from a developer. The latter option is particularly attractive for foreigners planning to obtain a residence permit through acquiring properties, as one of the conditions to obtain this document is the purchase of new housing from a construction company. The benefits of purchasing off-plan villas in Protaras for investment include:
- An anticipated increase in the price of the overseas property by 20-30% upon completion of construction works;
- The option to pay in interest-free instalments;
- In some cases, the buyer may have the opportunity to select interior decoration and layout details.
The undeniable advantages of purchasing a ready-made investment villa in Protaras include:
- The opportunity to personally inspect the housing and evaluate all its pros and cons;
- There are no risks of delays in the deadlines for making the overseas property operational;
- The chance to move into the house or rent it out immediately after purchasing it.
Foreigners can acquire property in Cyprus under private ownership. The initial stage of the transaction involves making a deposit and signing a preliminary agreement. The subsequent procedure includes verifying the documents for legal purposes. The final step entails finalising a sales contract, with the buyer making the full payment before the ownership is officially recorded.
Reasons for investing in a house in Protaras
Villas and apartments in Protaras represent a valuable investment that will maintain their worth over time. Cyprus is renowned for its political stability and high level of security, making villas in Protaras for investment a reliable option.
The seaside location, abundance of sunny days per year and excellent infrastructure ensure high demand for local properties. This stimulates the growth of prices for purchasing and renting villas and houses.
Foreign investors in Cyprus have the freedom to lease their properties and earn a substantial income. Villas with swimming pools and sea views are in great demand, as such real estate can generate significant income during the long tourist season. Additionally, families can stay in houses in the resort village during holidays, while tourists can rent them for the rest of the time.
The average profitability of real estate on the island reaches 8.5% per annum. Revenue generated from renting out overseas property is taxed based on a progressive scale, with the tax only being applied if the annual profit exceeds EUR19,500. Additionally, after 10 years of owning a house, an investor can sell it without paying VAT.
Buying villas in Protaras
The Global Properties website streamlines the process of selecting, buying and investing in a house in Cyprus, making it as simple and convenient as possible. You can utilise the advanced search feature, which will assist you in discovering various properties that match your preferences.
The catalogue is regularly updated with new ads, enabling users to stay informed about the latest market offers and discover interesting projects at the most attractive prices.
One of the main benefits of the portal is the publication of listings from reputable sellers. With a large catalogue of villas from various developers and real estate agencies, users can gain insight into the region’s real estate market.
Start searching for your new home in Cyprus today with the Global Properties website!