Real estate in Limassol is the most popular among foreign investors. It is the second largest city in Cyprus and is home to representatives of several nationalities. Including in Limassol there is a lot of foreign people.
The city has a thriving tourism and business sector. There is a wide range of properties for every taste and budget. You can buy inexpensive apartments in Limassol in a densely populated area of the city with a decent level of comfort. Also for you there are many proposals of luxury real estate in Limassol on picturesque plots overlooking the sea.
Estate of Cyprus agency will help you find and profitably buy real estate in Limassol. Our catalog contains a large number of objects in different areas of the city. We have real estate listings for Cyprus from the developer, as well as resale from verified sellers.
The city combines the first-class comfort of a Mediterranean resort with the fast pace of life. Here for everyone there is something to their liking: a large selection of entertainment (from children’s centers to bars and clubs), a developed business sector for businessmen, clean beaches with soft sand for lovers of passive relaxation. It is a modern city with a major tourist center. It has a well-developed infrastructure and quite a few vacancies with work.
Limassol has beautiful historical sites and sights, many restaurants and shops. This is one of the examples of cities where it is comfortable and pleasant not only to relax during the holidays, but also to live permanently.
Limassol is located 50 km from Larnaca airport and about the same distance from Paphos airport.Population
The population is mainly composed of Greeks, Turks and Russians. The people of Limassol are kind and open-minded; you will quickly have many acquaintances and friends here. Wherever you go, you will hear Russian speech everywhere and see signs in Russian. This makes life much easier for those who do not know English or Greek. Limassol is rightfully considered one of the most successful cities for moving.
Business in Limassol
The city is attractive not only for tourists, but also for businessmen. Here are the offices of major international companies. There is a large port on the island, receiving cargo and passenger ships. From here you can take a cruise to the Greek Islands or Egypt.
The most suitable and popular area where it is worth buying real estate in Limassol (apartment or house) is the east coast. The plots here are specially adapted for the housing stock: well-developed infrastructure, picturesque countryside, good transport accessibility. There is also a great demand for housing in the coastal villages: Pissouri, Germasogeia. The western part of the city is partially given over to industrial enterprises and the port. The area is popular for industrial and warehouse properties.
Real estate in Limassol
Real estate in Limassol is a profitable investment due to the high popularity of this area among tourists. Apartments or villas bought here will always be in demand. And due to the fact that housing in Limassol is represented by a wide variety of options, from luxury apartments to economy class, everyone can find a suitable type of real estate for themselves.
Why is better to buy property in Limassol
A profitable investment.
Limassol is the center of business, tourism and entertainment, with the most liquid real estate in Cyprus. Housing is located close to the sea, business centers – in the busiest districts of the city. Every year real estate here only grows in value, so in the future you will be able to profitably resell the object.
City of contrasts.
Limassol is very popular because it suits everyone. Here you can relax with your family, hang out in noisy places, raise your cultural level on excursions, and also enjoy all the delights of a beach holiday.
There is no industrial production in the city, there is always clean air.
Favorable conditions for the purchase.
But you can get a loan for a facility under construction or a secondary one, as well as for repairs. Bank rates are loyal – from 3.7% per annum. For the purchase of housing under construction, you can arrange an installment plan. In addition, there are cheap apartments in Limassol, which are an order of magnitude higher in terms of comfort than objects of the same price segment in other European countries.
Opportunity to relocate to Cyprus.
By purchasing real estate in Limassol in the amount of € 300,000 or more, you can apply for permanent residence. And after 7 years of stay in Cyprus – apply for local citizenship.
High rental income.
Apartments in Limassol bring income from 4 to 6% per annum. When using the services of a management company, you will be able to make a profit of up to 4% per annum. Apartments by the sea in Limassol are always in great demand among tourists, so you will not have problems finding tenants.
Wide property listing
Among the proposals for sale there are luxury real estate in Limassol: villas with sea views, luxury apartments in the center, luxury office buildings, penthouses. As well as budget housing options in noisy areas of the city or on its outskirts.
Good conditions for business.
The city has elite and modern business centers, representative offices of international organizations, high-quality hotels.
Limassol real estate: prices
Apartments are mainly sold in large complexes with developed infrastructure. The buildings may have their own swimming pool, gym, sports and playgrounds and spacious parking. In some cases, they even have their own stores. The larger the residential complex, the more expensive the housing is.
Also, the price depends on the following factors:
– object area, floor;
– quality of materials. which were used for construction;
– rental income;
– the year build, is it new built property or resale;
– stage of construction: a fully finished object with a fine finish or a building project.
Real estate in Limassol is the most expensive in Cyprus. But at the same time the most liquid and quickest payback. A small apartment in Limassol with an area of 35 m² costs 80,000 €, a size of 50 m² – 150,000 €. Near the sea, housing prices start from 250,000 €.
Apartments in Limassol cost from € 100,000.Prices for houses and townhouses start at 170,000 €. The cost of the villas is from 270,000 €.
Elite properties in the central districts of the city will cost more, their cost can reach several million. These are housing in the most prestigious residential complexes with an original design and all the conditions for a comfortable stay.
Real estate agency in Limassol
We will help you find a property for your budget. The catalog contains objects located in various districts of the city. Contact us by phone or chat on the website – we will make a selection of objects and arrange a preview.