Ready-to-let houses and apartments monopolize the interest of Cyprus buyers interested in investing in real estate.
According to real estate professionals, the pandemic and the changes it has brought to the lifestyle of citizens have contributed to the search for properties with more spacious interior spaces, courtyards, as well as outdoor terraces. This trend is also confirmed by the sales of the Land Registry, since this particular category of real estate continues to occupy a leading position in transactions.
Given the observed increased demand, Altamira Real Estate is presenting this week 11 ready-made houses and apartments located in some of the best residential areas in Cyprus.
The unique opportunities that we have chosen to present to you relate to properties that can be immediately occupied by either the buyer or the tenant, which makes them a very attractive investment option that brings a significant income to the potential owner. These are ready-made residential units that enable the buyer to avoid the laborious procedures required to build a new house/apartment, as well as the high construction costs currently seen on the market, which in many cases exceed 30%.
In addition, selected properties are VAT exempt, located close to a wide range of services and amenities, and available at prices significantly lower than new residential units. The fact that they are empty gives the potential buyer the opportunity to configure the interior as they wish, choosing colors, furniture and finishes to their liking.
Turnkey solutions from only €70,000
In the province of Nicosia, namely in Platy Aglantzias, near the busy Kyrenia Avenue, we have allocated a separate two-storey house with an estimated price of €550,000.
This is an area that consistently shows a high demand for the purchase of houses and apartments, while offering excellent access to the University of Cyprus, the center of the capital and the highway. The 340 m2 residence is in very good condition and consists of a living room, dining room, kitchen, laundry room, office and four bedrooms. Outside there is a yard, pantry, grill and covered parking. This property is considered an ideal choice for a large family.
In the same area, we also found a four-bed duplex apartment with an estimated price of €310,000. The property consists of a living room, dining room, bathrooms and terraces and has a separate title deed. The internal area of the apartment is 171 sq.m. and verandas of 113 sq.m.
Ground floor apartment, 162 sq.m. in an attractive and popular location in the municipality of Strovolos. The property, located close to Eleonon Avenue and Strovolos Town Hall, a very active area with a strong commercial and residential character, is for sale with an estimated price of 185,000 euros. It is located on the first floor of a three-story apartment building and consists of a living room, dining room, kitchen, two bedrooms and a bathroom, and outside it has a terrace, a grill and an area with exclusive use.
In the same block of flats, we also found a three-room apartment with an estimated price of €135,000. The apartment has an area of 155 sq.m. and additional 22 sq.m. – covered terrace.It has a separate title deed.
In addition, in Dali, close to Pera Horio Nisos Regional High School, we have allocated a two-bedroom apartment with an estimated price of €100,000. The property is corner-shaped and adjoins a green area, as well as Idaliados and Neo Livadi streets. It is in very good condition, has excellent access to the highway and neighboring municipalities and consists of a living room, dining room, kitchen, bathroom and covered terrace. The ground floor also has covered parking and a warehouse.
In a quiet area in the community of Kliros in the province of Nicosia, we have chosen an unfinished house on the ground floor, which is for sale at an estimated price of 115,000 euros and is located just a few meters from the center of the village. The property has a wooden structure, accommodates three bedrooms and has an unfinished pool. It has an internal area of about 180 sq.m. and terraces 56 sq.m. The fact that the residence is unfinished allows the potential buyer to vary the layout and decoration of the premises as they wish, choosing furniture and colors to their liking.
Of particular interest is also a ready to rent villa with a pool and sea views, in the village of Kouklion in the Paphos area, which is for sale at an estimated price of €290,000. Petra tou Romiou, beautiful countryside beaches, and Paphos Airport. It has comfortable and functional premises, consists of a living room, kitchen, three bedrooms, bathrooms and a large yard.
In the municipality of Paralimni, in the province of Famagusta, we have allocated a two-bedroom apartment on the ground floor, close to Kappari Avenue and the sea. The property, which is available at an estimated price of 70,000 euros, has excellent access to the beautiful beaches of the municipality, as well as to the tourist area “Protaras”. It consists of a living room, dining room, kitchen and bathroom and has an area of 65 sq.m., has a separate title deed and an open parking space.
Maisonette with three bedrooms in the municipality of Dherynia at an estimated price of 175,000 euros. The hotel is just a few meters from Famagusta General Hospital and the main road Derynia – Paralimniou. It is in good condition, consists of a kitchen, living room, bathroom and has an area of 129 sq.m.