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Purple International
Bezino Trading LtdThe Global Properties website features over 5 properties in Tersefanou, Cyprus, from trusted developers and real estate agencies. Take advantage of numerous filters to compare housing options based on price, number of bedrooms, total size and whereabouts. Provide your contact information to get assistance from a professional in locating a property in Tersefanou that aligns with your objectives and financial plan.
The cost of property in Tersefanou is affected by its size, condition and location. The initial price of real estate in Tersefanou is €340000. You can purchase the most expensive home for €450,000.
The sizes of properties for sale in Tersefanou varies between 123 m² and 560 m².
To obtain a visa through investment as a foreigner, one must buy property in Tersefanou on the primary market valued at a minimum of €300,000 + VAT. The homeowner's family members also have the right to obtain a residence permit.
Buyers have the option to select from apartments and villas in both the primary and secondary markets. Upscale properties offer amenities like pools, outdoor BBQ spaces, terraces, and covered parking. Management companies can provide services to both flats and penthouses in the residential complex. The new projects come with outdoor swimming pools, fitness centres, sports fields, leisure zones and protected parking spaces.
This place is an investment-attractive destination, and whether it is worth investing in depends on various factors. Here are some points to consider:
- Growing demand for residential and commercial properties in Tersefanou, Cyprus;
- Affordable prices in the local real estate market;
- Beautiful natural areas overlooking the mountains;
- Amenities, including shops, restaurants and bars;
- Climate: Sunny and warm, with mild winter and hot summer months;
- Pro-investment climate;
- Potential for rental income, especially during the peak tourist season.
Investing in a property in Tersefanou can be a profitable option for those who are willing to take on the potential risks and challenges associated with a developing area.
The demand for rental properties is relatively high due to its popularity as a tourist destination, especially during the summer months. The local tourism industry is thriving, with an increasing number of visitors drawn to its natural beauty, historical sites and cultural events. As a result, there is a growing need for rental properties, including holiday rentals, flats and holiday homes.
Property in Tersefanou
It is a small village in the Larnaca district of Cyprus, with picturesque landscapes and rich history. Real estate for sale in Tersefanou offers a variety of types to suit different needs and budgets:
- Residential homes, including apartments in Tersefanou, townhouses and single-family homes. These properties are built in traditional Cypriot style, with stone facades and elegant architecture.
- Villas with pools, gardens and terraces. These properties come in various sizes and styles ranging from modern to traditional, and some offer stunning views of the surrounding countryside.
- Commercial projects, including small shops, restaurants and bars. They could be ideal for entrepreneurs looking to establish a business in the area.
- New off-plan developments, including modern apartments and houses. They offer a more contemporary style of living, while still maintaining the village's traditional charm.
Property prices in Tersefanou are quite moderate compared to other popular destinations in Cyprus. You can find flats and houses at affordable prices starting from around €200,000 per small studio and reaching up to €1 million per large villa. On average, you can expect to pay around €300-€400 per square metre for a newly built apartment, while older properties may cost slightly less. If you are looking to buy a house, prices start at around €500,000.
Reasons for investing in property in Tersefanou
Property for sale in Tersefanou can be an investment-attractive opportunity for several reasons:
- Tourism growth: With its proximity to Larnaca and scenic views, the city is becoming increasingly popular with tourists, potentially leading to a higher demand for rental properties.
- Development potential: The area is undergoing development, including new residential projects and amenities, which could increase real estate values over time.
- Strategic location: Its location near the Larnaca International Airport makes it convenient for travellers and expatriates, which could be a strong selling point for rental or resale.
- Lifestyle appeal: it offers a blend of traditional Cypriot charm and modern conveniences appealing to those looking for a relaxed lifestyle.
- Retirement destination: The region is becoming a favoured retirement destination due to its climate and quality of life, which could drive demand for long-term rentals.
The country appeals with its one-of-a-kind blend of historical heritage and contemporary progress. Due to economic expansion, a good quality of life and an adaptable tax system, investors get lucrative chances. The main reason is to obtain a residence permit for buying real estate in Cyprus. It was found that 44.3% of transactions in 2023 were carried out by foreigners.
Moreover, customers can choose off-plan projects priced between 10-30% less than completed ones. Homeowners have the option to sell their housing units, which is advantageous, particularly when the cost of investment real estate in Tersefanou are on the rise.
Buying real estate in Tersefanou
Global Properties is a website where you can select flats and villas in Tersefanou directly from reliable developers and real estate agencies. The collection features projects in the most city’s upscale areas. Use convenient filters to browse various properties in Tersefanou for investment by accommodation type, number of bedrooms, size and extra amenities. The included converter makes it simple to convert the price into euros, dollars and other currencies. Complete the contact form on the website and you will get in touch with a specialist. The manager will help you purchase or invest in local housing units that aligns with your goals and financial abilities to ensure successful investments.