Location : Paphos,
Property Type: Luxury Resort DevelopmentProperty Terms: For SaleLocal Currency Price: Price in USD: Contact For Price
Mixed-use developments combine multiple types of spaces within one development, typically blending residential, commercial, and office areas.
Vertical mixed-use developments combine different uses of space stacked on top of each other in a multi-story building. Retail spaces might be on the ground floor, office spaces on the second and third floors, and residential units above.
Horizontal mixed-use developments are spread out over a larger area, typically in a low-rise configuration, often where a shopping mall is adjacent to residential houses, or an office park with restaurants and cafes nearby.
Live/Work developments are where people can live and work in the same building, often ideal for individuals with small businesses, artists, or entrepreneurs who prefer a short commute.
Retail-centric mixed-use developments are a mix of residential and office space, that can be shopping malls with residential units or offices located on upper floors, or mixed-use developments with a strong emphasis on entertainment and dining.
Commercial and residential integration aims to create effective work-life balance in a single location, allowing for a flexible living environment, and are often found in urban or suburban areas.
Mixed-use developments can take many forms, depending on the location, goals, and needs of the community, but they all share the common goal of creating dynamic spaces that foster interaction, reduce the reliance on cars, and enhance the quality of life for residents and visitors alike.
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.
