Location : Paphos,
Property Type: Luxury Resort DevelopmentProperty Terms: For SaleLocal Currency Price: Price in USD: Contact For Price
What is a beach front development.
A beachfront development in Cyprus refers to a construction project or real estate development located directly on or near the shore of a beach. This type of development typically includes residential, commercial, or mixed-use buildings designed to take advantage of scenic ocean or coastal views and easy beach access.
Beachfront developments in Cyprus often aim to cater to vacationers, tourists, or affluent buyers looking for properties with desirable beach front locations.
These developments can include luxury homes, hotels, resorts, condos, and recreational facilities, and they may involve various amenities like pools, restaurants, and shops to enhance the experience for residents or visitors.
Due to the proximity to the coast in Cyprus, these developments often face unique challenges related to environmental protection, sea-level rise, and coastal erosion.
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.
