Location : Paphos,
Property Type: Luxury Resort DevelopmentProperty Terms: For SaleLocal Currency Price: Price in USD: Contact For Price
Buying off-plan developments properties that are sold before they are completed—offers several potential benefits for investors and buyers.
Properties are often priced lower compared to completed properties and buyers can lock in a price before the market value increases, potentially offering significant capital gains by the time the property is completed.
Capital appreciation can be advantageous as the project progresses, where property values in the area may increase, leading to higher market values by the time the property is ready.
New construction developments typically meet the latest building codes and energy efficiency standards, which can lead to lower maintenance costs and improved comfort.
Longer-term payment plans may be offered in installments throughout the construction process, which can ease the financial burden. The final payment is usually due upon completion, allowing time to save for the last portion of the cost.
If buying as an investor, especially with off-plan properties in growing areas can provide a strong rental yield once completed.
Warranty and Guarantees often come with new builds, which provide buyers with peace of mind regarding any defects or issues that may arise in the early years of ownership.
Some regions offer tax incentives, rebates, or other financial benefits for new developments, especially those under certain conditions (e.g., energy-efficient homes).
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.
