Description

Are you looking for the perfect real estate investment in Cyprus?

Relax Properties is exclusively offering for sale a modern 3-bedroom apartment currently under construction in the sought-after location of Paralimni, near the popular resort town of Protaras. This new-construction property is the ideal choice for clients seeking comfortable seaside living or a promising investment with high potential for future appreciation.

Newly built apartments in Cyprus are subject to 19% VAT (applies to investment purchases or rentals). However, if you are purchasing the property for personal ownership as your primary and permanent residence, you can apply for a reduced rate of 5% (applicable to properties up to 130 m² and priced up to €350,000). When purchasing a new-construction property subject to VAT, you’ll also save on land registry fees, as you’re fully exempt from so-called “transfer fees.”

Why Invest in Real Estate in Paralimni?

Paralimni is one of the most sought-after locations on Cyprus’s east coast. It offers excellent amenities, a pleasant atmosphere, and easy access to the beautiful beaches of Protaras. Thanks to the combination of peaceful living and proximity to tourist centers, this location is ideal for year-round living as well as for investment purposes.

Property Specifications:

Location: Paralimni, Cyprus

Type: 3-room apartment / 2 bedrooms

Total area: Interior area 76 m²

Condition: Under construction, modern design, building with an elevator

Features: 2 spacious bedrooms, 2 modern bathrooms, high-quality finishes, large windows providing ample natural light.

Completion date: 2027.

Investment opportunity with returns:

Return: Stable potential for value appreciation during construction and attractive returns from subsequent rental.

Flexibility: The apartment is ideal for permanent residence, vacation stays, or as an investment for short- or long-term rentals. The modern layout and attractive location ensure a wide range of uses.

About the complex and location:

The apartment is located in a modern four-story building with an elevator, designed with an emphasis on comfort and functionality. The residential complex will feature a communal pool designed for rest and relaxation. The location offers excellent access to a full range of services, shops, restaurants, and beautiful beaches, making Paralimni one of the most popular places to live and invest in Cyprus.

Why Buy Real Estate with Relax Properties?

Relax Properties is your trusted partner for buying real estate in Cyprus. We provide a complete “turnkey” service to ensure your purchase is safe, simple, and hassle-free. The price of the property is the same as if you were buying it directly through a local real estate agency in Cyprus.

Are you interested in this offer?

Invest safely in overseas real estate. Contact Relax Properties today to learn more about this modern investment apartment in Paralimni.