Luxury Residential Developments in Cyprus

CYPRUS Location : Paphos, Property Type: Luxury Resort Development Property Terms: For Sale Local Currency Price: Price in USD: Contact For Price

Luxury residential developments come in various types, each designed to offer high-end living experiences tailored to different tastes, lifestyles, and preferences.

Luxury high-rise condominium buildings with panoramic views of city scapes or natural landscapes, to luxury villas, often located in private, gated communities or resort-style developments.

Gated communities provide neighborhoods that offer a range of property types from single-family homes, townhouses, to condos typically with shared amenities, privacy, security, and often located in suburban or semi-rural locations.

Resort-style developments, geared to mimic typical vacation resort, and often located in destinations known for their scenic beauty or recreational opportunities, can comprise of estate homes, luxury villas and apartments.

Penthouses are ultra-luxurious, built for ultra-wealthy individuals, who like top-floor residences in high-rise buildings that offer maximum privacy and stunning views of the city.

Eco-luxury developments are built for buyers who want to combine luxury with sustainability, green roofs, sustainable building materials, water conservation systems, and smart home technology.

Mansion-style estates encompass opulent homes often set on vast estates, combining grandeur with ultimate privacy and security, and offer the ultimate in privacy, space, and luxury living.

Why Buy or Invest in New Real Estate Developments in Cyprus.

Cyprus has one of the most competitive tax regimes in the European Union. The corporate tax rate is low (12.5%), and there are tax incentives for individuals, including a non-domicile regime that offers tax exemptions on worldwide income, making it attractive for both business owners and expatriates.

Cyprus's real estate market has shown steady growth for gated communities and particularly for luxury resorts in the major cities like Nicosia, Limassol, and Paphos. The demand for quality luxury residential developments properties has been on the rise, particularly from foreign buyers, which helps sustain value growth.

Cyprus offers a residency-by-investment program, which allows investors to obtain residency through real estate purchases. Though the criteria have evolved, a significant investment in property still provides a route to residency and possibly citizenship, which can be a major draw for investors looking for international mobility.

Cyprus is a major tourist destination, attracting millions of visitors each year. This creates a lucrative opportunity for short-term rental investments (e.g., Airbnb), especially in popular tourist areas.

Cyprus offers a combination of tax incentives, growth potential, and a high quality of life that can make it a smart choice for long-term investors.

Luxury Residential Development in Cyprus