Description

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

Relax Properties is pleased to exclusively offer for sale a modern 1-bedroom apartment currently under construction in the popular area of Paralimni. This property is an excellent choice for investors seeking a seaside property with attractive rental returns and comfortable modern living.

A newly built apartment in Cyprus is subject to 19% VAT (applicable for investment purchases or rental purposes). However, if you are purchasing the property as your primary and permanent residence, you may apply for the reduced VAT rate of 5% (applicable up to 130 m² and a property value of €350,000). In addition, when purchasing a new-build property subject to VAT, you are fully exempt from Transfer Fees, resulting in significant savings.

Why invest in real estate in Paralimni?

Paralimni is one of the most sought-after and vibrant locations in Cyprus. With excellent local amenities, charming town squares, numerous shops, cafés, and services, it offers residents a relaxed Mediterranean lifestyle. Its close proximity to beautiful beaches ensures consistently strong demand for rental properties.

Property specifications:

Location: Paralimni, Cyprus Type: 1-bedroom apartment (top floor)

Total area: Internal area 55.24 m²

Status: Under construction, modern design, building with elevator

Features: Spacious bedroom, stylish bathroom, high-quality modern materials and technologies

Parking: Private parking space included 63 km AIRPORT (Larnaca International Airport) 2.5 km Sea

Investment opportunity with attractive returns

Return on investment: Stable and attractive annual rental income.

Flexibility: The apartment is ideal for both long-term and short-term holiday rentals. You can also enjoy the property for your own holidays while placing it in a rental management program for the remainder of the year, ensuring a steady rental income without any hassle.

About the development and location:

The apartment is situated in a well-designed modern residential building with an elevator, providing future owners with maximum comfort and privacy. Within close proximity, you will find everything you need, including beautiful beaches, restaurants, cafés, shops, and complete local amenities for both everyday living and relaxation.

Why buy a property with Relax Properties?

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

Interested in this property?

Invest in overseas real estate with confidence. Contact Relax Properties today to receive more information about this investment apartment in Paralimni.