Location:
Situated in the historic village of Pyla, Cyprus
Bungalow Price:
€161,000 — €272,000
Annual Yield:
7–9%
Specifications:
- Property Cost: €161,000 — €272,000.
- Annual Yield: 7–9% Projected
- Management: Full professional property management is included.
- Object Stage: The property is “Ready” for immediate occupancy or rental.
- Ownership: Full ownership rights with all necessary permits.
- Taxes & Fees: Purchase taxes include 5% or 19% VAT, with a 0.2% state fee and 1% registration cost.
Premier Amenities:
- Total Area: 81 m² — 152 m².
- Bedrooms: 2 — 3 Bedrooms.
- Bathrooms: 2 — 3 Baths.
- Plot Area: 198 m² — 324 m².
- Parking: Covered parking spaces are available.
- Views: Beautiful views of the Mountains, City, Pool, and Garden.
This project is a modern, closed complex featuring seven three-story blocks of cozy apartments and twenty-seven spacious villas. Located in one of the oldest villages in Cyprus, the development offers a blend of historical charm and contemporary architecture. Residents can enjoy a high-quality lifestyle with access to a communal swimming pool, tennis court, and a fully equipped gym, all set within a secure and tranquil environment.
The Potential:
- Location: Situated in the historic village of Pyla, Cyprus.
- Sea: Located approximately 5 km from the coastline.
- Infrastructure: Essential amenities, cafes, and a mini-market are just 50 m away.
- Airport: Only 20 km away from the international airport.
- City Access: A peaceful life just 15 minutes by car from the center of Larnaca.
Why This Deal Stands Out:
This deal stands out because of its high projected yield of up to 9% and its strategic location in Pyla, home to the only British university in Cyprus. The region is a priority for tourism development, with plans for new coastal highways and promenades that will likely drive future property value. With “Ready” stage status and top-tier facilities like a Jacuzzi and on-site restaurant, this complex is an ideal choice for both permanent living and the high-demand UK tourist rental market.
Considerations:
As a completed project with all permits in place, this is a secure and immediate investment opportunity. While the project is located in a quiet village, the 15-minute proximity to Larnaca ensures you are never far from major urban centers. The variety of units from cozy apartments to large 3-bedroom villas provides flexible options to suit different investment budgets and family needs.
Expert Guidance on Your
Investment
I will provide a tailored strategy based on your specific financial goals and family requirements.