Buy Home Magazine | Cyprus Property #3

CYPRUS PROPERTY

INVESTING IN CYPRUS New Marinas, Golf Resorts, Hotels, Casinos and High-Rise Towers

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NEW REAL ESTATE MARKET REPORT RESIDENTIAL, COMMERCIAL & INVESTMENT PROPERTIES buyhome.com buyhome.com | 1

7777 88 00 (Cyprus) +357 24 20 88 00 (International) • buyhome.com

Above All

Larnaka Office: Athinon Avenue 45, Finikoudes | Limassol Office: Georgiou A 65A, Germasogeia

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7777 88 00 (Cyprus) +357 24 20 88 00 (International) • FarosSeaResidence.com Larnaka Office: Athinon Avenue 45, Finikoudes | Limassol Office: Georgiou A 65A, Germasogeia

contents | buy home

Contents 08

09 34 28 41

1 0 REASONS TO HIRE A REAL ESTATE AGENT

11

NEWS IN BRIEF: CYPRUS ECONOMY

14

HOW TO SELL YOUR HOUSE AT THE HIGHEST POSSIBLE PRICE

16

INTERVIEW: LAKIS APOSTOLOU

18

KPMG: CYPRUS REAL ESTATE MARKET REPORT

22

CYPRUS PASSPORT INVESTMENT SCHEME

24

INTERVIEW: ANDREAS V. ZACHARIOU

26

INTRODUCTION: INVESTING IN CYPRUS

36

LARNAKA TOWER FINIKOUDES

42

10 TIPS TO FIND GOOD PROPERTY RENTAL DEALS

CYPRUS PROPERTY LISTINGS LIMASSOL

LARNAKA

NICOSIA

AGIA NAPA/PROTARAS

PAPHOS

47

69

98

99

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editor’s note | buy home

Editor’s Note SALES OFFICES: Limassol Office 67A, Georgiou A, Germasogeia Larnaka Office 45, Athinon Avenue, Finikoudes Website: www.buyhome.com Facebook: @BuyHomeEstateAgency Instagram: @BuyHomeAgency

CONTACT US: Telephones: 7777 88 00 (Local calls) +357 24 20 88 00 (International calls) Fax: +357 24 62 00 88 Email: buyhome@buyhome.com

BUY HOME MAGAZINE: Publishing: Buy Home Media Ltd Design & Production: Antonis Yiallouros Distribution: Buy Home Media Ltd Printing: Printco Cassoulides Ltd Advertising: design@buyhome.com Copyright: No part of this publication may be reproduced or transmitted in any form or by any means without prior permission of Buy Home Media Ltd Issue #03A

Disclaimer: Photography and material in this publication may not be reproduced in any form without the permission of Buy Home Estate Agency (LNP) Ltd. All properties featured in this publication are subject to prior sale, change or withdrawal without notice. All details featured in this publication were correct at the time of press. Buy Home Estate Agency (LNP) Ltd. believes all material and editorial to be correct, but assumes no legal responsibility for accuracy. Sources: KPMG Cyprus, Cyprus Profile, Cyprus Property News, In-Cyprus, CyStat, Department of Lands and Surveys, Visit Cyprus

SERGEY POTAPENKO Managing Director BUY HOME ESTATE AGENCY

Welcome to the Third Edition of the Buy Home Magazine. It has been mostly good news for Cyprus’ economy this year, with growth returning across all sectors of the economy. Construction and Real Estate market delivers record levels of performance. The island nation’s economy is on track to grow by 3.5 percent in 2019, double the European Union average. The good news is that Cyprus government has signed $9.4 billion agreement with USbased Noble Energy, Royal Dutch Shell and Israel’s Delek for the development of the Aphrodite gas-field. It is expected to bring $520 million per year as state revenue for the agreed 18-year contract duration. The latest discoveries of hydrocarbons in the Eastern Mediterranean, will play a significant role to the geopolitical structure of the region’s shipping routes and investments. Strong efforts have been made to develop Cyprus as a regional fuel hub. Cyprus continues to push forward with several major projects to upgrade and expand its tourism offer. One of the most exciting developments is Cyprus’ firstever integrated €550-million luxury casino resort – branded ‘City of Dreams’ – started temporary operations in Limassol and other towns in 2018, with a fully operational Limassol resort expected in 2021. The project could increase tourist numbers by up to 500,000 and create thousands of job opportunities. Several new marinas are also planned in key coastal towns of Cyprus, with luxury marina complex Limassol Marina attracting record sales and the Ayia Napa Marina already under construction with significant Egyptian investment. The expansion of the tourism sector, the rapidly developing investment fund sector and favorable tax regime remain the keystones for investors looking to take advantage of the growing number of investment opportunities emerging in Cyprus.

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buy home | article

10 REASONS TO HIRE A REAL ESTATE AGENT If you are thinking about selling your home, don’t do it alone. Clients wonder (and rightfully so) if they couldn’t buy or sell a home through the Internet or regular marketing and advertising channels without representation, without a real estate agent. Some do fine on their own, but many don’t. Here are ten reasons why you might want to consider hiring a professional real estate agency. 1. Education and Experience

6. Professional Networking

You don’t need to know everything about buying and selling real estate if you hire a real estate professional who does. Henry Ford once said that when you hire people who are smarter than you are, it proves you are smarter than they are. The trick is to find the right person. Why not hire a person with more education and experience than you?

Real estate agents network with other professionals, many of whom provide services that you will need to buy or sell. Due to legal liability, many agents will hesitate to recommend a certain individual or company over another, but they do know which vendors have a reputation for efficiency, competency, and competitive pricing. Agents can, however, give you a list of references with whom they have worked and provide background information to help you make a wise selection.

2. Simplify the Process The real estate process has a lot of different components to it, your real estate agent with sit down with you and explain each document to you in a thoughtful and patient way. They will ensure you understand every step of the process and answer any questions you may have. Besides knowing a lot about real estate, another thing that agents do and that is very important is filtering.

3. Neighborhood Knowledge Agents either possess intimate knowledge, or they know where to find the industry buzz about your neighborhood. They can identify comparable sales and hand these facts to you, in addition to pointing you in the direction where you can find more data on schools, crime, or demographics.

4. Price Guidance Contrary to what some people believe, agents do not select prices for sellers or buyers. However, an agent will help to guide clients to make the right choices for themselves based on market supply, demand, and the conditions, the agent will devise a negotiation strategy.

5. Market Conditions Information Real estate agents can disclose market conditions, which will govern your selling or buying process. Many factors determine how you will proceed. Data such as the average per square meter of similar homes, median and average sales prices, average days on the market, among other criteria, will have a huge bearing on what you ultimately decide to do.

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7. Negotiation Skills and Confidentiality Top producing agents negotiate well because, unlike most buyers and sellers, they can remove themselves from the emotional aspects of the transaction and because they are skilled. It’s part of their job description. They are professionals who are trained to present their client’s case in the best light and agree to hold client information confidential from competing interests.

8. Handling Volumes of Paperwork One-page deposit receipts were prevalent in the early 1970s. Today’s purchase agreements run ten pages or more. One tiny mistake or omission could land you in court or cost you thousands.

9. Answer Questions After Closing Even the smoothest transactions that close without complications can come back to haunt. For example, taxing authorities that collect property tax assessments, doc stamps, or transfer tax can fall months behind and mix up invoices, but one call to your agent can straighten out the confusion.

10. Develop Relationships for Future Business The basis for an agent’s success and continued career in real estate is referrals. Few agents would survive if their livelihood were dependent on consistently drumming up a new business. This emphasis gives agents strong incentives to make certain clients are happy and satisfied.

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cyprus economy | news

NEWS IN BRIEF: CYPRUS ECONOMY

CYPRUS STRIKES $9 BILLION GAS DEAL Cyprus has struck a production-sharing deal for the Aphrodite gas reservoir worth over $9 billion over 18 years between the government and the Noble Energy, Delek and Shell joint venture (JV).

Based on the plan, the first gas output is expected between 2020 and 2025. The energy minister said this would be the biggest infrastructure project ever undertaken in the Republic of Cyprus, worth some €7.9bn.

Based on published reports, the agreed profit split is now about 57 per cent to Cyprus and 43 per cent to the JV. So the total profit would be $16.7billion. The development cost, including operations and maintenance, is reported to be $8 billion. This means that total revenue from selling the gas would be $24.7billion.

Natural Gas discoveries in Cyprus’ economic zone, combined with the island’s strategic position, provide the springboard for Cyprus’ transformation into a regional energy hub. The energy sector’s development will have a positive impact on the Cyprus economy and especially on job creation, foreign investment and GDP growth.

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news | cyprus economy

HOLLYWOOD MOVIES SHOOTING IN CYPRUS After “SOS - Survive or Sacrifice” with William Baldwin and “Jiu Jitsu” with Nicolas Cage, another deal was closed and a third Hollywood movie will be filmed in Cyprus. It was announced that an Academy Award-winning star will play and the budget will be €38 million, much higher than “Jiu Jitsu” €24 million. The shooting has been scheduled for January 2020. In September 2018, the government launched a scheme for the promotion of the film industry providing Cypriot and foreign producers with incentives, cash rebates and/or tax credits of up to 35% on qualifying production expenditures and also predicts tax allowances of 20% for investment in infrastructure and equipment. The scheme aims to allow inflows of capital from international productions to Cyprus and to support the local industry.

CYPRUS PROPERTY SALE CONTRACTS 2000-2019 The Department of Lands & Surveys has published official figures of Cyprus property sales since 2000. The table below shows the share of overseas sales versus domestic sales. Year

Overseas Sales

Domestic Sales

Overseas Sales

Total Sales

2000

450

12,214

3.60%

12,664

2001

1,207

12,849

8.60%

14,056

2002

2,548

14,111

15.30%

16,659

2003

3,981

15,294

20.70%

19,275

2004

5,384

11,947

31.10%

17,331

2005

6,485

10,106

39.10%

16,591

2006

8,355

8,598

49.30%

16,953

2007

11,281

9,964

53.10%

21,245

2008

6,636

8,031

45.20%

14,667

2009

1,761

6,409

21.60%

8,170

2010

2,030

6,568

23.60%

8,598

2011

1,652

5,366

23.50%

7,018

2012

1,476

4,793

23.50%

6,269

2013

1,017

2,750

27.00%

3,767

2014

1,193

3,334

26.40%

4,527

2015

1,349

3,603

27.20%

4,952

2016

1,813

5,250

25.70%

7,063

2017

2,406

6,328

27.50%

8,734

2018

4,367

4,875

47.30%

9,242

2019 (Jun)

2,482

3,078

44.60%

5,560

Totals

67,873

155,468

30.40%

223,341

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NEW 17-STOREY TOWER PLANNED IN LIMASSOL Company NIKHI GIOVANI has submitted a proposal to build a 17-storey tower in Ayios Tychonas, Limassol. According to the Environment Department, the proposed building, named “Tower 66,” will have 96 flats and will be 81 metres tall. Designed by Pinin Farina, the tower will offer its occupants a unique experience with Italian finesse and unparallel luxury. In a unique location, only 300 metres from the seafront, it offers a clear panoramic view of the sea and easy access to luxurious facilities. The property will have a land area of 12,247m2 and a total of 17 floors. With an unobstructed sea view in one of the most beautiful areas in Limassol, it offers a unique living style in all seasons and weather. It will feature swimming pool, gym, in-house spa facilities, a wellness centre, storage spaces, a bar, a restaurant, an underground parking lot with 125 parking spots and three shared spaces with greenery and plants.

cyprus economy | news

CYPRUS IN TOP 5 EUROPEAN GROWING ECONOMIES The Cyprus economy has been expanding rapidly, with robust growth rates averaging 4.4% in 2015-18.

LARNACA’S NEW SHOPPING MALL UNDER CONSTRUCTION

The island was among the top five Eurozone performers in 2018, with an impressive growth rate of 3.9%, compared with a Eurozone average of 1.9%. The European Commission

predicts a growth rate of 3.1% in 2019 and 2.7% in 2020. The growth is being driven by both strong private demand, spurred by growing employment, and an expanded and upgraded tourism sector after four successive years of record tourism arrivals.

Larnaca’s Metropolis Mall should be in operation by end of 2020 and will include brands available for the first time in Cyprus. South African development company Acsion Ltd is behind the 40,000m2 shopping centre. The location of the shopping centre – near the GSZ stadium – is probably its biggest advantage since it is in a residential area. This means that a significant number of visitors could go there by foot. The investment is viewed positively with expectations of double-digit returns.

CYPRUS: A GROWING INTERNATIONAL EDUCATION HUB The number of foreign students choosing Cyprus for their studies has almost tripled in the last five years proving that efforts to establish the island as a regional education hub are delivering results. Cyprus has rapidly established itself as a hub for quality higher education. Over the last decade, the sector has grown by more than 80% in student numbers, exceeding 44,000 total students during 2016-2017. In 2016 alone it is estimated to have contributed up to €900 million to the local economy and was responsible for approximately 9,500 jobs in the Higher Education sector and its supporting industries. By 2023 the sector’s economic contribution could grow by another 50%. Cyprus is also the safest country in the world for young people according to a list published by the World Health Organization which ranked 184 countries.

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article | how to sell your house

HOW TO SELL YOUR HOUSE AT THE HIGHEST POSSIBLE PRICE The ability to reap additional profits on the sale of your home can be accomplished easily enough if you make the right improvements. Making these changes early on can provide the prospective buyer with an enhanced feeling about your home, more space, more light, more rooms, closet space, privacy, warmth and security. Basic, simple and inexpensive improvements can provide an improved emotional appeal for a potential buyer.

For example, a crack in the wall can be (and should be) repaired with some simple plaster and touch-up paint. Though the feeling may not be conscious, it’s just as important that the buyer feel an overall desire to buy your home. Included in this report are several different ways you can make your home shine and sell for the best possible price. Decorate with pictures and mirrors to add style to the home. Mirrors can provide a greater sense of space when properly placed. Touch up the frames and then place the mirrors around your home. Be careful not to overdo it with too many mirrors. One of the biggest complaints heard from potential buyers that there isn’t enough closet space. Purchasing an inexpensive closet organizer and installing it in any or all of your closets can make all the difference. You can also try putting a rod across one corner of a bedroom for hanging clothes. The idea here is to be creative so that the “fake closet” looks as though it were part of the room.

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Wallpaper is inexpensive, quick, and simple. The right wallpaper can brighten the room or hallway and bring it back to life. Make sure to choose something with a neutral design or pattern. Remember, you are trying to sell the home and move out. Buyers are easily turned off by a nasty, dingy floor. Whether you have wax, wooden or tile floors, do whatever you can to make them shine again. For wax floors, either rent a floor machine or call a professional for an estimate and a description of what they will do to restore your floor. If you have carpeted floors, either steam clean them or have carpet samples available and explain to the buyers you will pay x amount for them to install the carpet of their choice. Having houseplants is not only healthy for you but creates a feeling of warmth around them. Many indoor plants are far less expensive than you might imagine. Attractive ceramic or brass pots can add a designer flair to your home.

how to sell your house | article

Give your bathroom a face-lift by adding a coat of fresh paint, some decorative moldings, tile grout, and maybe a new designer faucet and showerhead. Perhaps more important than anywhere else in the house, clean your bathrooms relentlessly. However, these simple dress-up tips are nice for quick and easy improvements, but there are other factors that will also affect your home’s resale value. These have much more to do with the legality and contracts and inspections that are necessary when selling a home. Each and every one is just as important as the overall appearance of the home. First of all, you must price your property correctly and at a competitive market value when you list it. The market is so competitive that even overpricing by a few thousand Euros can be the difference on selling or not. The problem with an overpriced home is that it can minimize the number of offers, lower the number of showings, lower agent response, limit financing, limit the number of qualified buyers, and net less money for the seller. You must make your home available for showings. Top agents will not show homes that they must search high and low for the key and access – they do not have time to rush around town all day chasing down and dropping off house keys. If you will be

home during a showing, then put on some soft music and take a walk when the potential buyers come through, letting the buyer be at ease and letting the real estate agent do his or her job. Selling your home quickly can be a benefit if you need to leave immediately, but can cost you thousands of Euros. A buyer sensing the seller is distressed will make a lower offer. This is why pricing correctly is important – you should know all there is to know about the market before listing and work hand in hand with your agent. Disclosing property flaws is vital in selling your home for the most possible money. Get professional assistance for all levels, from disclosing the flaw to fixing it. If you are unaware of a problem or attempt to cover it you, you risk losing the sale and finding yourself in court. Perhaps the most important aspect of selling your home is choosing the right agent for you. Choose your agent by asking questions of him or her. Find out how knowledgeable they are about houses currently for sale in your price range and also of houses that have recently sold. By aligning yourself with a top agent you ensure that all the important issues and important details are handled professionally.

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interview | kpmg limited

KPMG CYPRUS:

WHO WE ARE KPMG is a global network of professional firms providing Audit, Tax and Advisory Services. We operate in 153 countries and territories and have 207.000 people working in member firms around the world.

LAKIS APOSTOLOU

BOARD MEMBER, KPMG LIMITED

ABOUT KPMG LIMITED KPMG operates as a global network of independent member firms offering audit, tax and advisory services; working closely with clients, helping them to mitigate risks and grasp opportunities. Member firms’ clients include business corporations, governments and public sector agencies and not-for-profit organizations. They look to KPMG for a consistent standard of service based on high order professional capabilities, industry insight and local knowledge. KPMG member firms can be found in 155 countries. Collectively they employ more than 174,000 people across a range of disciplines.

KPMG Limited Millenium Lion House 1, G Aradippioti Street P.O.Box 40075 6300 - Larnaka, Cyprus Tel: +35724200220 Fax: +35724200200 Web: home.kpmg.com/cy

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The independent member firms of the KPMG network are affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity and operate in compliance with KPMG International’s values, quality standards and services. Each KPMG firm is a legally distinct and separate entity and describes itself as such. This enables the individual countries’ offices to develop a strong local presence, using both their local market knowledge and KPMG’s know-how and international information resources. KPMG operates in Cyprus since 1948 and today is one of the largest audit, tax and advisory organizations in the Cyprus market. It currently employs more than 900 persons in 6 offices (Nicosia, Limassol, Larnaka, Paralimni, Paphos and Polis Chrysochous). KPMG in Cyprus has close relationships with practices in other countries and provides its clients with the whole spectrum of KPMG International services. At KPMG we aim at creating sustainable, long-term economic growth for our people, our clients and the broader society. We seek to be leaders, making a difference in the communities in which we operate. KPMG delivers market leading, world-class professional services that are aligned with the changing needs of our clients and global markets.

OUR SERVICES We classify the services offered into six functions, each of which includes a wide range of specialized services aiming at providing our clients with the service that best suits their individual needs. For each one of these core functions, KPMG has specialized departments with highly skilled teams of professionals, headed by partners with extensive experience. These functions are: • • • • • •

Audit & Assurance Advisory Tax Advisory Indirect Tax Legal International Private Clients Tax Reporting & Strategy

Our industry specialisation in the following sectors, gives you the benefit of our in-depth industry knowledge and experience. • • • • • • • • • •

Banking Transportation & Logistics Energy Hospitality & Leisure Retail & Consumer Funds Real Estate & Construction CySEC Regulated Investment Firms Insurance Communication & Technology

cyprus | market report

CYPRUS REAL ESTATE MARKET: SIGNIFICANT FACTORS AND KEY DRIVERS Source: KPMG Cyprus - Cyprus Real Estate Market Report

ECONOMIC OVERVIEW

SALES ACTIVITY

Undoubtedly, one of the backbones of the Cypriot economy is the real estate sector. Overcoming the challenges of recent years, the economy continued to exhibit a solid growth and has maintained its status as one of the fastest growing economies in Europe with GDP exhibiting an annual 3,9% increase (twice the EU average).

Transactions activity remained strong, with the number of Contracts of Sale exhibiting an annual increase of 6%. New Building Permits for hotels have exhibited a growth of +122% in terms of m2 during 2018, when compared to 2017.

The Real Estate sector (including construction activities) has contributed 38,5% of the annual growth rate. Despite the fact that Real estate and construction only activities employ only 9% of the working population, they account for 16% of Cyprus Gross Value Added (GVA) in 2018.

BUILDING PERMITS

The increase in property transactions has been enhanced by improved economic conditions. The latter led to improved domestic confidence levels and to an increase in domestic demand. In addition, various Government incentives have also led to a surge in foreign demand; such measures include the abolition of immovable property taxes, schemes for permanent residency and naturalisation of investors by exception. Contracts of sale submitted to the Department of Lands and Surveys

The issuance of Building Permits continued its upward trend in 2018, both in terms of volume (+12% year-on-year) and value (+20% year-on-year).by a strong sector performance in 2017 which saw growth in transactions and price indices. The majority of building permits issued in 2018 is related to residential developments (70% of total volume) with a total value of â‚Ź1,3 billion.

No. of Building Permits vs Value

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Building Permits issued, by type of development - 2018

market report | cyprus

SALES BREAKDOWN

Geographical distribution of contracts of sale by nationality - 2018

In 2018, a total of 4.367 contracts of sale were submitted by non-nationals, accounting for 47% of total sales contracts. The highest share of contracts of sale by non-nationals was recorded in Paphos (40%), followed by Limassol (30%), Larnaka (16%), Famagusta (10%) and Nicosia (5%). Paphos and Limassol remain the preferred cities of choice by nonnationals, with Nicosia being the least preferable city. In terms of domestic demand, Limassol is leading with 43% of the market, followed by Nicosia with 28%. 2019 started on a similar trend, with an 11% increase in sales, compared to the corresponding 2018 period.

PRICE EVOLUTION

RICS Office, Retail & Industrial Properties Indices

According to RICS, commercial properties have moved along similar lines, with a negative trajectory from 2010 onwards and mild growth exhibited towards the end of 2016 - beginning of 2017 onwards, with offices displaying a sharper rise. At the same time, price indices for all property types are still much lower than the respective 2010 levels.

RENTAL PRICE EVOLUTION Rental prices in the residential sector exhibited significant increases across all cities in 2018. Commercial properties exhibited milder increases. Rental Prices Comparison between Q4 2018 & Q4 2017

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cyprus | market report

TOURISM Tourist arrivals have continued their strong growth over the past years. Tourist arrivals in 2018 exhibited an increase of 7,8%, compared to 2017. Revenues from tourism hit a doubledigit percentage increase in the previous two years (11,9% and 11,7% in 2016 and 2017 respectively). The growth was milder in 2018 (2,7%). Arrivals & Revenue Comparisons between 2017 and 2018

Arrivals (thousands)

Revenue (millions)

1.328 (+6%)

€980

(+3%)

784 (-5%)

€523

(-13%)

REAL ESTATE SECTOR CONTRIBUTION IN ECONOMY Real Estate and Construcion sectors contributed €2.78 billion in 2018. It is significantly higher than both Financial and Manufacturing sectors contributed. Despite the fact that Real Estate and Construction activities employ olny 9% of the working population, they account for 16% of the Cyprus Gross Value Added (GVA). Economic Contribution for 2018

€

Real Estate

€114

189 (0%)

(-25%)

€146

(0%)

0,97 B

€

Manufacturing

Employment by sector for 2018

154 (+12%)

€93

(+8%)

86 (+10%)

€66

(+13%)

1.065 (+30%)

€789

(+23%)

Airbnb Statistics & Daily Rate

37.862

36.528

27.564

21.069

Real Estate Sector

Manufacturing Sector

Financial & Insurance Sector

Hotels sector: Key facts

Bookings made (2018) +71% year-over-year

7,8%

73,1%

2,8

14

+

In the number of tourist arrivals for the year 2018

4.538

Active property listings (as at Feb 2019)

€

billion

Total revenue from tourism in 2018

Average Daily Rate (2018):

20

€123

€48

€65

€46

€81

Paphos

Larnaka

Limassol

Nicosia

Famagusta

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1,75 B

€

Financial & Insurance

233 (-11%)

2,78 B

87.081

Number of beds at 31/12/2018 in licensed establishments

Net bed occupancy rate in licensed establishments in 2018

new hotels

4.774 beds are expected to commence operations in 2019 and 2020

122%

+

In new hotel permits (m2) between 2017 and 2018

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cyprus | cyprus passport

CYPRUS PASSPORT Useful information & step by step guide

PROGRAM BENEFITS The Cypriot Investment Scheme currently offers the quickest route to citizenship within the EU from application submission in only 180 days. It is the only direct EU citizenship program offering such a simple and efficient way of obtaining dual citizenship without any residency requirements from minimum investment of â‚Ź2,150,000. Cyprus citizenship grants applicants and their families the freedom to live, work or study in any of the 28 European

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member states with unrestricted visa-free access to over 173 countries worldwide. Attaining a Cyprus passport is one of the most cost-effective options, as investors may significantly reduce their property investment amount to â‚Ź500,000 after 5 years from the citizenship being granted. Applicants have to make only one-time visit to Cyprus to provide biometrics for the PR Permit is required. And EU citizenship is valid for life as it is transferable to descendants.

cyprus passport | cyprus

NEW TERMS AND CONDITIONS IN PLACE

Have a clean criminal record

Hold a residence permit in Cyprus for at least 6 months

Hold a valid Schengen Visa

Possess a permanent, privately owned residence in Cyprus of at least €500.000

FINANCIAL CRITERIA Donations (both of the below are required): €75.000 donation to the Research and Innovation Foundation or a certified innovative enterprise or a certified social enterprise (the obligation is lifted in case the applicant has made an investment in the purchase, establishment or participation in Cypriot Companies or Businesses, as per below investment criterion)

€75.000 donation to the Cyprus Land Development Corporation

Investments (one of the below is required):

€2.000.000 in the construction or purchase of residential or commercial developments, infrastructure projects or land under development

€2.000.000 in the purchase, establishment or participation in Cypriot Companies or Businesses. The invested funds shall be used towards the financing of the Companies’ investment objectives exclusively in Cyprus

€2.000.000 investment in Alternative Investment Funds, Registered Alternative Investment Funds or financial assets of Cypriot companies or Cypriot organizations that are licensed by Cyprus Securities and Exchange Commission

Combination of the other three investment options with a minimum total investment of €2.000.000

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interview | andreas v. zachariou

AQUIRING CYPRUS PERMANENT RESIDENCE PERMIT THE PERMANENT RESIDENCE PERMIT – REGULATION 6 (2), REFERS TO INDIVIDUALS WHO HAVE FULLY AND FREELY AT THEIR DISPOSAL A SECURED ANNUAL INCOME, HIGH ENOUGH TO ALLOW A DECENT LIVING IN CYPRUS FOR THEM AND DEPENDENTS, WITHOUT HAVING TO ENGAGE IN ANY BUSINESS, TRADE OR PROFESSION.

ANDREAS V. ZACHARIOU LAWYER, SENIOR PARTNER

ABOUT ANDREAS V. ZACHARIOU & CO LLC Andreas V. Zachariou & Co LLC is recognized as one of the leading firms in Larnaka. The friendly and professional legal team of the firm and the close co-operation between the firm’s members and associates have led it to be considered as one of the most professional and trustworthy law offices in Cyprus. The firm’s work involves the provision of legal advice and the undertaking of cases in v various legal fields of Cyprus, European and International Law such as Banking and Finance Law, Family Law, Corporate Law, Civil Law, Criminal Law, Sports Law, Litigation, Immigration Law, Intellectual property Law, Trust Law and many other areas of legal interest. The firm also engages actively in the field of Conveyancing and in Citizenship matters and we assist our clients from all over the world to acquire immovable property in Cyprus and take advantage of the policies that apply from time to time in relation to obtaining Cyprus citizenship.

Andreas V. Zachariou & Co LLC 9 Archbishop Makarios Avenue Lazaros Centre, Office 105 6017 Larnaka, Cyprus Phone: +357 24 818 655 +357 24 818 654 Fax: +357 24 626 585 www.azlaw.com.cy

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Associated requirements Evidence of a steady income from abroad of at least €30,000, from sources other than employment in Cyprus i.e. certificates of dividends, certificates of fixed deposits, pension statements, rents or salary advice. Confirmation letter from a Cypriot Bank, showing deposits in a local account of a minimum capital of €30,000, from sources other than employment in Cyprus. The capital should have been transferred from an International Bank to a local Cypriot Bank and it should be pledged for a period of three years. The required minimum income, is increased by €5,000 for the spouse and for each child and by €8,000 for each parent of the main applicant and/or the spouse of the main applicant. Title deed or purchase agreement of a residential property, issued on the name of the applicant. The minimum purchase price of the property should be €300,000 (excluding VAT) and a payment for at least €200,000 (excluding VAT) must have been made prior to the application. A reduced VAT rate of 5%, is applied for first residences provided that certain conditions are met. The reduced rate of 5% VAT applies to the first 200 square metres of the residence’s buildable area as determined by the building coefficient of the property and anything above 200 square metres is subject to the standard rate of VAT. The relevant funds of the investment should have been transferred from an overseas bank to a Cyprus based bank.

Additional documentation that needs to be submitted to obtain Permanent Residence Permit: declaration regarding the income of the applicant, confirmation that the applicant does not intent to work or to be engaged in any form of business in Cyprus, apostil clean criminal record from country of origin, birth certificate, medical insurance certificate, CV, etc. Other important information •

Applicants should visit Cyprus at least once every two years

•

It takes approximately two months for the Permanent Residence Permit to be issued, from the date of submission of the required documentation

Application must be accompanied by: •

Title deed or Contract of Sale

•

The minimum market value of the above-mentioned property should be €300.000 (+VAT)

•

A proof of payment for at least €200.000 (+VAT) should be submitted

Eligible applicants: •

Applicants whose children are under 18 years old

•

Applicants whose unmarried children are between 18 to 25 years old and are students abroad for a study period of at least 6 months remaining from the application submitted date and are financially dependent on the applicant

•

Applicant’s parents and parents in law

citizenship bymarket investment report | | article cyprus

HOW CITIZENSHIP BY INVESTMENT PROGRAMS ALLOWS FOR BETTER LIFE A person’s nationality is a large part of their identity, and most people are proud to have the one they are born into and plan to live their entire lives in their home country. While others, although equally proud, would like to experience other countries and diversify for a multitude of reasons. Regardless of which category you fall under, having a dual citizenship has its benefits and can truly improve your standard of living. Having dual citizenship usually causes people to form a strong bond to both of their home countries. So, you don’t have to choose one over the other to call home. It is just a practical decision to increase your options and your sense of security. It is also a way to diversify your assets and possibly build wealth through investments and better business opportunities.

TRAVEL

EDUCATION

One of the most obvious benefits is the ability to travel visafree or obtain a visa in a much shorter time. Depending on the country you are from, holding a single passport can impose severe limitations on an individual’s ability to travel for business or pleasure. If your passport qualifies for a visa waiver, you can skip the long forms, standing in line at consulates, and waiting for months. You would simply head to the airport and board a plane. That can help when you want to plan exciting holidays for your family or when you need to fly for business meetings.

Anyone with a child would probably agree that other than health and safety, the next most important priority is education. Every parent wants their child to have the best education to help arm them with the tools to succeed in life. Having a second passport can grant access to some of the top schools in the world. Sometimes while also facilitating financing the education to citizens.

POLITICAL AND ECONOMIC INSTABILITY It’s hard to find a country who isn’t experiencing political, social or economic unrest these days. A second passport that allows you to travel anywhere or reestablish residency in another (more stable) country can ease your mind and help you sleep better at night knowing that you can whisk your family away to safety at a drop of a hat. That kind of peace of mind is priceless.

HEALTHCARE Healthcare differs from country to country. Citizens of a country that provides high standards of healthcare can have a significant impact on the lives of individuals who need medical attention, for them or a member of their family. If you are planning for retirement that is something you need to consider as well.

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investing | introduction

INTRODUCTION:

INVESTING IN CYPRUS Cyprus is going through exciting times of growth and development over the past few years and the Cypriot economy continues to surprise.

Cyprus’ GDP is expected to expand by a factor of 2.5%3.5%, 2 times more than average in European Union. Solid economic growth will translate into jobs. The combination of growing employment levels and wages means that household consumption will continue to be in the driving seat of economic growth.

called the Cyprus Investment Programme.

Confidence levels in real estate sector have been steadily rising the past 4 years showing strong market performance. Cyprus’ appeal has remained strong amongst international investors, thanks to its Mediterranean climate, high quality of life and safety, as well as its status as an EU member state conveniently located between three continents.

Cyprus experienced record numbers of tourist arrivals in 2018 and this, together with consumer expenditure, construction investment and business services have provided a very positive influence on the economy.

The introduction of new and attractive property tax incentives, increased demand from the domestic sector, as well as the programme for naturalisation of investors which attracted mainly non-EU buyers to invest in Cyprus property. This scheme, which was launched in 2013 to help stimulate economic recovery after the financial crisis, has since been amended to enforce more stringent requirements and limits on applicants and is now

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Cyprus has one of the lowest EU corporate tax rates at 12.5%. The island’s advantageous tax rate coupled with an extensive list of double tax treaties places it high on the list of preferred jurisdictions for international tax planners.

The predictions of the Central Bank of show that they expect significant investment in energy infrastructure, in tourism investment linked to casinos and marinas, in transport linked to shipping and lastly in the real estate sector linked to commercial investment as well as hotels. Looking ahead, with measures ongoing to reform public spending, accelerate initiatives to boost investment, develop the investment fund sector and a push forward with natural gas exploitation, Cyprus is ensuring that its prosperity endures.

introduction | investing

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investing | 4 marinas in cyprus

4 MARINAS IN CYPRUS Marinas offer interesting opportunities for investors interested in getting attractive returns with limited investment exposure. Following the success Of Limassol Marina, another three big projects were announced in Cyprus. Ayia Napa Marina will start

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operating next year. Larnaka Marina is the most ambitious project with 1,000 berths including space for super yachts and visiting cruise liners. Paralimni Marina is the most easterly of planned marinas on the south coast, the prevailing calm seas guarantee a popular reception for the 300 berths, hotel and residential complex once it’s built. Even though marinas are infrastructure investments, they are seen by investors as a “real estate” asset. This perception is driven by their high recurrent margins, with relatively low capital investments.

4 marinas in cyprus | investing

1

LIMASSOL MARINA

2

PARALIMNI MARINA

On September 7, a ceremony was held for the laying of the foundation stone of Limassol Marina, by his Excellency, the President of the Republic of Cyprus, Mr. Demetris Christofias.

Construction work has begun on the Paralimni marina, which is expected to be fully operational by mid-2021 and which will and will have a capacity of approximately 300 vessels.

Speaking on behalf of the Board of Directors he said “I wish to express our sense of honour, pride and responsibility at the fact that we have undertaken this groundbreaking project, a milestone for the Cyprus economy, with a total investment of close to 350 million euros.

The project will include administration buildings, residential and commercial developments. Based on the design, there will be 195 residential units – mostly luxury apartments – and 27 commercial spaces (restaurants, cafes, bars).

Limassol Marina is, to us and all those working with us, the practical implementation of our vision for the development of marine recreation and the island’s infrastructure as a whole.

3

AYIA NAPA MARINA

More than 55% of the residential properties in the Eastern Tower of the Ayia Napa marina €220 million project, have already been sold. The project, in which the Egyptian investor Naguib Sawiris’ Gemini Real Estate Ltd has an 80% stake and the Cyprus-based Caramondanis Group a 20% stake, is scheduled to be to be completely finished by 2021. The marina itself will be operating by the summer of 2019, the developers said in an announcement after the on-site presentation. The second phase includes the construction of 190 luxury one-to-four-bedroom apartments in two twisting-shaped towers of 25 and 26 floors.

The plans detail construction of 14,250m2 for residential buildings and 2500m2 will be for commercial buildings. The Paralimni Marina will have facilities for port police, customs and medical services. The marina is expected to be fully operational by mid-2021.

4

LARNAKA MARINA

The AMPA & Israeli Shipyards consortium has submitted a €1.2b bid for the redevelopment of Larnaka port and marina, including a commercial and residential development on 220,000 square metres of land around the port and marina. The consortium is proposing to develop the port so that it can service larger ships, to expand the piers and quays, to build a modern passenger terminal develop the marina and to construct residential and commercial areas. The proposed investment is estimated at €1.2b. The consortium –made up of Israeli and Cypriot companies – has set up a new company, Kition Ocean Holding, that will negotiate the bid with the state.

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investing | 4 new golf resorts

4 GOLF RESORTS IN CYPRUS Golf tourism is growing steadily in Cyprus. Four 18–hole golf resorts are in the pipeline now to establish the island as a yearround destination for golfers. Investors believe that the golf courses are a solution to the seasonality of the tourism product

because Europe’s golf courses are closed from October to March due to rainy weather. Europe has around 8 million golfers. Cyprus gives with the opportunity to enjoy a game of golf in scenic tranquility and in a favorable Mediterranean climate. Cyprus’ new golf courses will be part of leisure resorts, complete with on-site residential developments of villas, townhouses, and apartments. In short, these investments will make substantial returns.

1

EAGLE PINE GOLF RESORT

Eagle Pine Golf Resort is destined to attract golf players, luxury home buyers and residents, as well as quality visitors from around the world seeking to enjoy a wealth of first-class facilities laid out in a wonderful country-club environment by an experienced team of architects, designers and consultants. Designed over an impressive land area of over 1,700,000 square metres, the resort comprises an 18-hole golf course with an exclusive ultra-luxurious club house, an 80-room boutique hotel with various pools and a full spa, a wine-cellar themed grant restaurant, a mini commercial centre and a large residential development of over 676 individual plots for villas and 5 clusters of land or apartments and maisonettes.

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4 new golf resorts | investing

2

ELEA ESTATE GOLF CLUB

Elea Estate is an award winning integrated golf resort development next to the city of Paphos. Great location, stunning views, carefully planned luxurious residences, an exceptional golf course and top class hospitality services - in one perfectly designed development. Phase 1 is fully completed and operational since November 2010: golf course, club house with bar and restaurant, basic infrastructure, a show villa. The Elea Estate Golf Club offers a world-class golf experience in a stunning setting. The challenging course was designed by Sir Nick Faldo - currently the only signature course in Cyprus and is considered a ‘must play’ course in the Mediterranean region.

4

LIMASSOL GREENS GOLF RESORT

Limassol Greens Golf Resort is a fully integrated golf and real estate development within Limassol, Cyprus’s most cosmopolitan city and the country’s major business centre. The project will be developed on a 1.4 million sq.m. land area consisting luxury residential housing units, 728 units in total including villas (495 units) and integrated housing i.e. apartments (233 units). The resort comprises an 18-hole golf course including practice

3

CYPRUS LIMNI RESORTS & GOLFCOURSES

Limni Bay will be a stylish, sustainable, integrated resort, featuring two 18-hole Signature Golf Courses, a Jack Nicklaus Signature Golf Course and a Gary Player Signature Golf Course, an international 5-star luxury beachfront hotel and wellness centre, extensive leisure facilities and a collection of premium residences - all buildings designed by Foster & Partners. The majority of the freehold residential properties will be spacious villas on large individual plots with magnificent sea and/ or golf views Smaller unit sizes will also be available in communal parcels of land with shared amenities. The resort will be developed on 3.03 million sq.m. of freehold land, with a beachfront of 750m and a pier of 150m, located at the centre of Chrysochou Bay, near Polis, in the Paphos district.

facilities and a luxury clubhouse (1.700 sq.m.). Retail and Commercial facilities including shops, restaurants, bars, convenience stores (total area 2.850 sq.m.). Wellness and Sports Centre including indoor and outdoor pools, spa treatment facilities, tennis and squash courts (total area 1.000 sq.m.). It’s location will be adjacent to the upcoming first Casino Resort in Cyprus and in close proximity to the Limassol’s Port and Limassol Marina. Just 30 and 45 minutes’ drive from Paphos and Larnaka International Airports.

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investing | new 5*hotels in cyprus

NEW 5* HOTELS IN CYPRUS Cyprus tourism has been on a winning streak for four consecutive years, breaking historic records in both arrivals and revenue. Millions have been invested in upgrading tourism-related infrastructure and hotels, and in promoting the island as a year-round destination. These efforts are attracting more interest from visitors and

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investors. The hotel industry has seen large new investments across the island and many existing establishments have undergone upgrades and renovations to address the exacting demands of tourists from around the world. Tourism-related real estate and infrastructure continues to be one of the most attractive investment opportunities in Cyprus, with a number of foreign investors closing multi-million deals in the last five years and an influx of new five-star hotel projects set to materialize in the next few years.

new 5*hotels in cyprus | investing

1

SOFITEL RESORT & SPA HOTEL

Worldwide luxury hotel chain Sofitel is set to build a 5-star resort in Limassol investing some €300m in the island. The hotel, to the east of Limassol’s tourist area will span across some 100,000 square metres with 245 bedrooms. On the same plot of land, two tall buildings 20-floors high will be built with 105 apartments each. It will be named ‘Sofitel Resort & Spa Limassol’. According to reports, the works are set to begin this September while the whole project is expected to be completed in 2022. Sofitel in Limassol falls under the wing of a consortium between Oxley Holdings with Planetvision Properties.

2

SUN CITY SPA & RESORT HOTEL

The hotel will comprise of over 230 Luxury guest rooms all hotel rooms have balconies full-height glazed windows and sliding glass doors provide access to the areas inspiring sea views. All rooms will be finished using natural materials with clean contemporary and functional lines and luxurious furnishing and fittings. All the apartments will benefit from all the hotel services and amenities. In addition to standard guest rooms, sun city offers 40 apartments, each with a kitchenette for those long-stay guests who may, on occasion, want to self-cater. The 10 Private deluxe residences are located in front of the hotel with unobstructed sea views from within the villas and from the private terraces.

3

PARKLANE RESORT & SPA

This new hotel is coming to Limassol to take the place of the former Meridien hotel, and will be located on 10,000 sq.m. plot, surrounded with beautiful gardens, which meet the 300-metre long beach. The Parklane will host its guests in 53 exclusive suites. The suites are maisonette style and will have one, two, or three bedrooms, with private pools located in the hotel. The hotel has also turned its focus to families visiting the island, with its 3,000 sq.m. children’s area. The Parklane also has 11 conference rooms, five restaurants, two bars, a small football field, three tennis courts, and a gym. The hotel also features a spa, the Kalloni Spa, which is 3,000 sq.m. and has 17 rooms for therapies, three therapy suites, and five pools with seawater.

4

LARNAKA TOWER 5-STAR HOTEL

The 5-star hotel will boast a capacity of 100 rooms with 2 luxury restaurants, an indoor and an outdoor pool and a high-end spa, sure to satisfy the needs of even the most demanding customer. So, if you are looking to spend the night in Larnaka and want the best experience and service, the Larnaka Tower hotel is ideal for you! It’s location, design and quality make the Larnaka Tower an attractive property opportunity, whether you are looking for a high-end residence or a prestigious office space. If you want to wake up every morning to the sounds of waves crashing to the shore and in full view of the beautiful Mediterranean sea, if looking out to sea seems like the ideal workspace, then the Larnaka Tower is the solution for you!

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investing | 5 casinos in cyprus

5 CASINOS IN CYPRUS Cyprus Casinos have attracted over 880,000 visitors from across the globe in its locations since it has began operations one year ago on June, 2018 in Limassol, which houses the 24hour temporary casino until the grand resort ‘City of Dreams

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Mediterranean’ opens its doors in 2021. In Cyprus, the consortium formed between Melco International, Hard Rock International and Cyprus Phasouri (Zakaki) Limited has successfully obtained a 30-year license agreement to develop and operate an integrated resort and four satellite casinos. Melco Group was founded in 1910 and is a world leader in leisure and entertainment sector with operations in China, Philippines, Russia and Cyprus.

5 casinos in cyprus | investing

3

NICOSIA CASINO

Nicosia casino (C2 Nicosia) has opened its doors to the public. It is the first satellite casino following the launch of the first temporary casino – Cyprus Casinos Limassol (“C2 Limassol”) last June. C2 Nicosia is located on Neas Engomis Street No35, with a total area of 970 m2 and features five live tables and 50 slot machines. It is also home to another Columbia Bistro restaurant and bar. It boasts a similar interior design and identity as C2 Limassol.

1

LARNAKA CASINO

The Larnaka casino is located in two different spaces in the airport terminal, features 42 state-of-the-art slot machines in total. The first location in the departures area is accessible only to departing passengers, whilst the second in the arrivals area, is accessible to the general public. C2 Larnaka is open 24/7. Visitors must be 21 years of age and above to enter and observe the responsible gaming policies of C2 as posted at all locations and online.

4

LIMASSOL CASINO

Construction for the City of Dreams of Mediterranean, located in Zakaki, west of Limassol has been awarded to AvaxTerna J.V. Works began in May 2019 and is set to feature a 16-storey five-star hotel with 500 guest rooms and suites as well as MICE facilities comprising 9,600 sq. metres. The gaming area totals 7,500 sq. metres and will include over 100 tables and 1,000 gaming machines.

2

AYIA NAPA CASINO

The Ayia Napa casino is expected to open its doors to the public this summer, as the recruitment process has already begun. It will be located at Archiepiskopou Makariou III Avenue, next to the Faros Hotel, in the heart of Ayia Napa. The construction of C2 Ayia Napa is already well underway, on a land plot with a total area of 13,829m², of which the total building area comprises 367m². It will have more than 25 dedicated parking spaces for guests and customers.

5

PAPHOS CASINO

Paphos casino (“C2 Paphos”) is expected to open by the end of the year. It will be located in the bustling tourist area of Geroskipou, on the main beach road (at the end of Aphrodites Avenue) on a land plot with a total area of 2600m²; of which the building’s total area will comprise nearly 550m². C2 Paphos will also offer more than 25 dedicated car parking spaces for guests and customers.

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investing | high-rise towers in cyprus

HIGH-RISE TOWERS IN CYPRUS Cyprus is changing, and it will change even more in the next few years with new high rises and multi-storey buildings sprouting up, mainly along the island’s coastal front in Limassol, Larnaka and Paphos. The citizenship-by-investment scheme and other incentives approved in recent years have made Cyprus an attractive destination to attract both businesses and investors.

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Some of the buildings have been completed while most are at the stage of construction and pre-sale of apartments and offices. Others await approval from local authorities. However, the plans are there, and all – whether they are homes, offices or shops — offer luxury and comfort, to tenants and to the public. Larnaka is to see its fair share of new developments with several high-rise building projects being put forward from local and foreign investors. Once lagging behind other towns in Cyprus regarding development in the construction

high-rise towers in cyprus | investing

Top 50 high-rise buildings under construction in Cyprus Rank

sector, Larnaka is catching up with rebuilding the Larnaka Marina and a new shopping mall, while gaining height with property projects aiming to draw in mainly investors eyeing the Citizenship for Investment scheme. Some 25-30 residential developments and hotels ranging from 10 to 30 stories are in the pipeline with construction expected to begin over the coming years. To keep up with Cyprus investments, here is a list of the top 50 high-rise buildings that are under construction or that have been proposed and are planned to rise.

Building

City

Height (m)

Floors

1

Aura

Limassol

197

37

2

One

Limassol

170

38

3

Trilogy - West Tower

Limassol

161

39

4

Limassol NEO - T1 Riva

Limassol

≈ 160

39

5

Trilogy - North Tower

Limassol

148

37

6

Trilogy - East Tower

Limassol

148

36

7

360 Nicosia

Nicosia

135

34

8

Limassol Hotel & Residences

Limassol

132

33

9

Blue Marine - T1

Limassol

≈ 130

33

10

Limassol NEO - T2 Kaia

Limassol

≈ 130

33

11

The Icon

Limassol

125

21

12

The Gallery

Limassol

120

24

13

Larnaka Tower

Larnaka

110

30

14

Olympic Resort

Limassol

110

29

15

Limassol NEO - T3 Amia

Limassol

≈ 110

28

16

Santa Roza

Nicosia

≈ 110

29

17

Blue Marine - T2

Limassol

≈ 110

29

18

Marr Tower

Limassol

110

25

19

Infinity Tower A

Limassol

109,5

25

20

Limassol Del Mar Tower A

Limassol

107

27

21

Sofitel Residences - Tower 1

Limassol

105

22

22

Total Tower

Limassol

103

18

23

i100

Limassol

102

23

24

Ayia Napa Marina East Tower

Ayia Napa

100

27

25

Ayia Napa Marina West Tower

Ayia Napa

100

27

26

Dream Tower

Limassol

≈ 100

27

27

Limassol NEO - T4 Una

Limassol

≈ 100

25

28

Lord Byron

Nicosia

100

17

29

Sky Tower

Limassol

98

23

30

Sofitel Residences - Tower 2

Limassol

97

20

31

QN Kition

Larnaka

92

22

32

Labs Tower

Nicosia

90

22

33

Neocleous Tower

Limassol

84

22

34

Sixty6 Tower

Limassol

81

17

35

The Highgate

Limassol

78

15

36

Marina One Tower

Limassol

≈ 75

20

37

Infinity Tower B

Limassol

38

Soho Resort Tower A

39

73,5

16

Paphos

71

16

Limassol Del Mar Tower B

Limassol

68

18

40

Zaria Residences Sunset

Limassol

≈ 67

18

41

Metropolitan

Nicosia

≈ 67

17

42

Soho Resort Tower B

Paphos

≈ 66.5

15

43

Orion

Nicosia

64

16

44

City of Dreams Mediterranean

45

Cythera Tower

46

Limassol

≈ 64

16

Nicosia

≈ 63.5

17

Clelia Tower

Limassol

≈ 63.5

17

47

The Asteroid

Nicosia

≈ 63

16

48

Ion Tower

Larnaka

≈ 63

16

49

Zaria Residences Sunrise

Limassol

≈ 60

16

50

Executive Residency Zenon

Larnaka

≈ 60

16

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investing | larnaka tower finikoudes

STANDING AT AN IMPRESSIVE HEIGHT OF 110 M. AND COVERING A TOTAL AREA OF 60,000 SQ. M., THE LARNAKA TOWER ASPIRES TO BECOME A CITY LANDMARK AND ONE OF THE MOST TALKED ABOUT CONSTRUCTION PROJECTS IN CYPRUS.

The Larnaka Tower is massive in scope, as it includes a 100-room five star hotel, luxury residences, a “Class A” business centre and a designated parking area allowing for 440 spaces. The high-rise development received the green light from authorities and is expected to go into construction in April 2019. Located in the heart of the city of Larnaka, the famed Finikoudes beachfront promenade, Larnaka Tower has long been awaited, as it is expected to spark investor interest and will greatly enrich the surrounding area. The project also stands out for its modern design and innovative look, that is unique to the city of Larnaka.

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larnaka tower finikoudes | investing

KEY FIGURES: • Development of 60.000m2

• 148 Apartments

• Height 110 metres

• 5* Hotel - 100 rooms

• 30 Floors

• Business Centre

The Larnaka Tower is comprised of three parts; luxury residences, a state-of-the-art business centre and a prestigious five star hotel. The luxury residences overlook the Finikoudes promenade, with an unobstructed view of the city of Larnaka and the beach. A total of 148 apartments will be available for purchase, including three penthouses. It’s location, design and quality make the Larnaka Tower an attractive property opportunity, whether you are looking for a high-end residence or a prestigious office space. buyhome.com |

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investing | larnaka tower finikoudes

THE MODERN BUSINESS CENTRE WILL BE MADE AVAILABLE FOR COMPANIES THAT WISH TO DO BUSINESS IN A STATE-OF-THE-ART FACILITY, RIGHT IN THE HEART OF THE CITY, NEXT TO THE BUSY SEAFRONT PROMENADE AND OPPOSITE TO ONE OF THE MOST FAMOUS BEACHES ON THE ISLAND! The first 5-star hotel in Finikoudes with a capacity of 100 rooms, two luxury restaurants, an indoor and an outdoor pool and a high-end spa, sure to satisfy the needs of even the most demanding customer. So, if you are looking to spend the night in Larnaka and want the best experience and service, the Larnaka Tower hotel is ideal for you! It’s location, design and quality make the Larnaka Tower an attractive property opportunity, whether you are looking for a high-end residence or a prestigious office space. If you want to wake up every morning to the sound of waves crashing on the shore and in full view of the beautiful Mediterranean sea, if looking out to sea seems like the ideal workspace, then the Larnaka Tower is the solution for you!

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7777 88 00 (Cyprus) +357 24 20 88 00 (International) • LarnakaTower.net

buyhome.com |

Larnaka Office: Athinon Avenue 45, Finikoudes | Limassol Office: Georgiou A 65A, Germasogeia

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article | 10 tips for property rental

10 TIPS TO FIND GOOD PROPERTY RENTAL DEALS Looking to purchase and profit from a residential rental property? From the first decision to get into the landlord biz to actually buying a building, the idea may be daunting for the first-time investor. Real estate is a tough business so you need careful planning before putting down your money in rental properties. Finding good rental property deals can be a difficult task to accomplish. A bad rental property deal will make you no profit or even worse, it can lead to a financial loss. Therefore, as naive real estate investor, you should opt for buying off-market rental properties from turnkey real estate companies.

1. Focus on Your Return on Investment Invest in an area that will get a high return on investment. A cap rate of 5% or greater is ideal. You can find some amazing deals in locations that are transitioning or in gentrified areas. To obtain the highest return on investment (ROI), you will need to know the area and what houses are selling for in the neighborhood.

2. Screen Prospective Tenants Thoroughly Nothing kills an investor’s ROI on their first rental property like a bad tenant. Properly and thoroughly screening potential tenants is vital to making your first rental property a success.

3. Purchase a Property With Outdoor Space A huge percentage of prospective renters want to enjoy a cozy area where they can invite friends over or spend time on their

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own relaxing. Generally, most tenants aren’t picky about the type of outdoor area but want it to be private, usable and an area where they can put their personal touches on it with plants, furniture, and decorative lighting.

4. Buy a Property Near Apartment Buildings Buy in an area where there are a lot of apartment buildings. There’s a proven demand for rental properties in areas with apartment buildings since renters are always looking for a place to rent that is a move up from a typical apartment. You will be able to meet that demand and rent out your property without spending as much on advertising costs.

5. Get Advice From Other Landlords Finding and keeping good tenants is an art all its own. Join a local landlord association or ask someone who has been a

10 tips for property rental | article

landlord for a while and get advice on what to do and what to avoid. This type of information will help you avoid pitfalls that could ruin your first time. Happy renting starts with being well informed.

6. Buy a Rent-ready Property Try to find something that is more or less rent ready. Getting into the investing business doesn’t have to be complicated, but it can be if you buy something that is a total rehab. Unless you have experience renovating houses, find something that is turnkey and can cash flow out the gate. Otherwise, you could get way behind the 8-ball when it comes to renting the property. Never forget the purpose here is to get the thing to produce income.

7. Choose a Location Near Amenities Pick a location close to public transit and amenities. Rental properties near universities are ideal locations as most students will rent for the four years they are in university, and their parents will usually provide personal guarantees on the rent.

8. Know Your Inherited Tenants If the property is occupied when you purchase it, make sure there are trustworthy tenants living there. Ask the previous

property owner for his or her background checks, credit checks, and rental applications as well as the tenant’s rental payment history.

9. Obtain professional purchase assistance Great deals can certainly be had when buying foreign real estate directly from owners. Nevertheless, if you are unfamiliar with the foreign real estate market, then purchasing through a professional real estate agent or from a reputable property developer can provide useful guidance that can help you avoid many pitfalls when buying overseas property. Such professionals typically have an obligation to see that you are properly informed about the details of the purchase. They will also usually make an effort to complete the deal and assure your satisfaction with it.

10. A single-family home may do the trick Since it’s your first rental property, buying a single-family home often seems to be the best investment strategy. Single-family homes are much easier to maintain than other homes. This way, you don’t have to spend a lot trying to fix stuff when they become damaged. As you make more money, you can invest in multi-family homes.

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7777 88 00 (Cyprus) +357 24 20 88 00 (International) • FarosSeaResidence.com Larnaka Office: Athinon Avenue 45, Finikoudes | Limassol Office: Georgiou A 65A, Germasogeia

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featured property | limassol

Private Detached Villa in Pareklisia Pareklisia, Limassol

ID: LIM40504

5

Bedrooms

300

m2 Covered Area

2676 m

2

Plot Area

â‚Ź

1,650,000

Buy Home is pleased to present a very well built private detached villa, situated in Pareklisia, a charming village (exit n° 21 on the motorway). Pareklisia itself boasts a host of amenities including a large pharmacy, bakery, great tavernas and takeaways, 2 supermarkets, garden centre, D.I.Y. shops, a football stadium, garage with workshop, hairdresser, nurseries, schools, horse riding club, nearby golf club. 10 minutes to the sea and 15 minutes into the town of Limassol - 30 minutes to Larnaka airport - 50 minutes to Paphos airport. Set in a rural environment with magnificent views on all sides, this idyllic, quiet villa was built by an English builder for personal occupation so the quality of the build is excellent. Premium materials and design, modern and efficient drainage. Large swimming pool 12m x 5m, filled by its own water well, which also irrigates the beautiful gardens and plentiful fruit trees, including 20 olive trees. Title deeds are available.

7777 8800 (LOCAL CALLS)

+357 24 20 8800 (INTERNATIONAL CALLS)

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47

limassol | houses

Luxury Mountain House

Villa In Agios Athanasios

Dierona, Limassol

ID: LIM39311

3 Beds

€

240m Covered Area 2

350,000

Detached Luxury Family Mansion ID: LIM39254

5 Beds 1200m Covered Area

ID: LIM39878

4 Beds

€

230m2 Covered Area

795,000

2 Bedroom House In Moniatis

Agios Athanasios, Limassol

2

Ag. Athanasios, Limassol

€

6,000,000

Moniatis, Limassol

ID: LIM40508

2 Beds

€

85m2 Covered Area

175,000

Luxury Villa In Mesovounia Kalogyroi, Limassol

ID: LIM40359

5 Beds 495m2 Covered Area

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€

2,200,000

houses | limassol

Bungalow In Moni

Exclusive Villa In Pyrgos

Moni, Limassol

ID: LIM40368

4 Beds 230m Covered Area 2

€

900,000

Lovely Villa In Pera Pedi ID: LIM40477

5 Beds 250m Covered Area

€

550,000

Luxury 3 Bedroom Townhouse

6 Beds 250m2 Covered Area

€

1,500,000

Potamos Germasogeias, Limassol

ID: LIM40373

3 Beds

€

130m2 Covered Area

365,000

Luxury Waterfront Villa with Berth

Potamos Germasogeias, Limassol

ID: LIM39733

3 Beds 153m2 Covered Area

ID: LIM39879

Townhouse In Tourist Area

Pera Pedi, Limassol

2

Pyrgos, Limassol

€

715,000

Limassol Marina, Limassol

ID: LIM39214

3 Beds 239m2 Covered Area

€

3,250,000 buyhome.com |

49

limassol | featured properties

Pyrgos, Limassol

ID: LIM40466

200

m2 Covered Area

New Detached Villa With Sea View

350 m

2

Plot Area

€

950,000

BuyHome are pleased to present to the market this detached classically designed villa. Internal the villa offers buyers contemporary features with well thought out lay outs. The ground floor is an open plan space with clearly defined areas and fantastic natural light to provide a seamless outdoor/indoor living space. The first floor has four bedrooms, one en-suite and a separate family bathroom.

Pyrgos, Limassol

ID: LIM40428

206

m2 Covered Area

Luxury Villa in Prime Location

372 m

2

Plot Area

€

995,000

BuyHome are pleased to present to the market this prime location villa. The villa is situated just a short walk from the beaches and allows buyers convenient access to the main road and highway. Internally the villas offer comfortable living and modern finishes. Externally the gardens wraps around the house and allows for a private swimming pool.

Pyrgos, Limassol

ID: LIM40465

247

m2 Covered Area

Brand New Villa Sea View 50

| buyhome.com

350 m

2

Plot Area

€

1,195,000

BuyHome are pleased to present to the market a private detached villa in gated community. The villa is situated in the St Raphael Marina area and allows for sea views from both floors. If you are looking for a modern family villa with private gardens and pool this will suit you perfectly. The price represents good value for this location and they are priced to sell. Set across two floors the villa has four bedrooms and open plan living with lots of space.

featured properties | limassol

Great Investment Opportunity Pyrgos, Limassol

ID: LIM40468

3

Villas

200

m From Sea

5

% Rent Rate

â‚Ź

2,750,000

3 Newly-built private villas in Limassol. Prime Location. Villas are ready to move in. The property’s presents a yield at 5% annually. High specifications including private pools, gardens, under floor central heating, air-conditioning, water pressure system and solar water heating system. With private gated entrance and road. Situated near the exclusive Parklane Hotel Resort. Close to a sandy beach and Yachting Marina.

7777 8800 (LOCAL CALLS)

+357 24 20 8800 (INTERNATIONAL CALLS)

buyhome.com |

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limassol | houses

Asgata Family House

4 Bedroom Detached Family House For Sale

Asgata, Limassol

ID: LIM40501

4 Beds 400m Covered Area 2

€

585,000

Modern Villa ID: LIM40382

4 Beds 299m Covered Area

ID: LIM39601

4 Beds

€

165m2 Covered Area

565,000

Cosy Bungalow In Apesia

Agios Athanasios, Limassol

2

Asgata, Limassol

€

730,000

Apesia, Limassol

ID: LIM39881

3 Beds

€

150m2 Covered Area

395,000

Family House In Germasogeia Germasogeia, Limassol

ID: LIM39832

4 Beds 280m2 Covered Area

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€

1,050,000

houses | limassol

Brand New Family Home in Moni

Family Residency In Kalogyroi

Moni, Limassol

ID: LIM39350

5 Beds

€

350m Covered Area 2

700,000

Modern Home with Views and Land

ID: LIM40451

4 Beds 231m2 Covered Area

€

1,500,000

Modern House with Dam View

Agia Fyla, Limassol

ID: LIM39352

4 Beds

€

290m Covered Area 2

850,000

Exclusive Beach Front Property

Finikaria, Limassol

ID: LIM39417

4 Beds 280m2 Covered Area

€

1,000,000

Luxury Villa In Mesovounia

Agios Tychonas, Limassol

ID: LIM39623

5 Beds 240m2 Covered Area

Kalogyroi, Limassol

€

2,100,000

Mesovounia, Limassol

ID: LIM40359

5 Beds 495m2 Covered Area

€

2,200,000 buyhome.com |

53

limassol | houses

Large Family House

Luxury Villa in Kalogyroi

Ypsonas, Limassol

ID: LIM39853

5 Beds

€

237m Covered Area 2

420,000

Villa In Limassol Marina ID: LIM39891

3 Beds 243m Covered Area

5 Beds 650m2 Covered Area

€

3,400,000

Brand New Detached House

Limassol Marina, Limassol

2

Kalogyroi, Limassol

€

4,800,000

Agios Athanasios, Limassol

ID: LIM40384

4 Beds

€

280m2 Covered Area

665,000

Private Detached House Pareklissia Pareklissia, Limassol

ID: LIM40504

5 Beds 300m2 Covered Area

54

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€

1,650,000

houses | limassol

3 Bedroom House In Germasogeia

Villa With Splendid Views

Germasogeia, Limassol

ID: LIM40510

3 Beds

€

121m Covered Area 2

399,000

Luxury Five Bedroom Villa

ID: LIM40498

4 Beds

€

240m2 Covered Area

725,000

Four Bedroom Villa Near The Sea

Kalo Chorio, Limassol

ID: LIM39691

5 Beds

€

450m Covered Area 2

950,000

Luxury Mansion In Exclusive Area

Germasogeia, Limassol

ID: LIM40464

4 Beds 240m2 Covered Area

€

1,500,000

Family House In Pyrgos

Agios Tychonas, Limassol

ID: LIM39707

6 Beds 550m2 Covered Area

Monagri, Limassol

€

5,500,000

Pyrgos, Limassol

ID: LIM40458

4 Beds 240m2 Covered Area

€

395,000

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55

limassol | apartments

3 Bedroom Penthouse With Sea View

Penthouse In Columbia

Agios Athanasios, Limassol

Columbia, Limassol

ID: LIM39524

3 Beds 163m2 Covered Area

3 Beds

€ 780,000

3 Bedroom Apartment Mesa Geitonia, Limassol

200m2 Covered Area

Germasogeia, Limassol

54m2 Covered Area

2 Bedroom Apartment with Seaview

2 Bedroom Apartment

Agios Tychonas, Limassol

Potamos Germasogeias, Limassol

ID: LIM39594

2 Beds 70m2 Covered Area

€ 777,000

136m2 Covered Area

€ 430,000

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Potamos Germasogeias, Limassol

ID: LIM40483

103m2 Covered Area

€ 650,000

Agios Tychonas, Limassol

ID: LIM40366

2 Beds

€ 410,000

127m2 Covered Area

€ 700,000

Luxury Penthouse With A Pool ID: LIM39896

3 Beds 127m2 Covered Area

€ 600,000

Top Floor Apartment ID: LIM39838

Penthouse In Prime Location Potamos Germasogeias, Limassol

108m2 Covered Area

2 Beds

2 Beds

€ 565,000

ID: LIM39885

Modern 2 Bedroom Apartments ID: LIM39892

1 Beds

€ 255,000

Neapolis, Limassol 3 Beds

Luxury Apartment ID: LIM40352

3 Beds 140m2 Covered Area

New Apartment In Neapolis ID: LIM39877

Germasogeia, Limassol

ID: LIM39797

3 Beds

€ 730,000

204m2 Covered Area

€ 850,000

apartments | limassol

Modern 2 Bedroom Apartment

Apartments For Sale In Ekali

Agios Athanasios, Limassol

ID: LIM40506

2 Beds

€ 275,000

Contemporary Apartment ID: LIM40328

3 Beds

€ 395,000

ID: LIM39629

2 Beds

€ 215,000

Mouttagiaka, Limassol

ID: LIM40320

€ 400,000

148m2 Covered Area

€ 2,020,000

3 Bedroom Apartment With A Sea View

Beach Front Exclusive 4 Bedroom Apt

Agios Tychonas, Limassol

Agios Tychonas, Limassol

ID: LIM39483

115m2 Covered Area

ID: LIM39650

4 Beds

€ 250,000

510m2 Covered Area

€ 4,150,000

Modern Apartment Near town Centre ID: LIM40486

2 Beds 105m2 Covered Area

€ 1,500,000

107m2 Covered Area

2 Beds

3 Beds

Cozy 2 Bedroom Apartment Tsirio, Limassol

146m2 Covered Area

ID: LIM40318

Excellent Apartment Opportunity ID: LIM39628

3 Beds

Stunning Seaview 2Bed Apartment

106m2 Covered Area

€ 265,000

115m2 Covered Area

Panthea, Limassol

Limassol Marina, Limassol 2 Beds

Stunning Seaview 3Bed Apartment

Mesa Geitonia, Limassol

Panthea, Limassol

ID: LIM39806

3 Beds

80m2 Covered Area

138m2 Covered Area

Marina Flat With Stunning Views

Ekali, Limassol

Neapolis, Limassol

ID: LIM39273

2 Beds

€ 209,000

120m2 Covered Area

€ 1,800,000 buyhome.com |

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buyhome.com |

59

limassol | apartments

Luxury Top Floor Apartment Germasogeia, Limassol

The Luxury Apartments ID: LIM40343

3 Beds 157m2 Covered Area

€ 1,190,000

€ 800,000

ID: LIM40331

2 Beds 100m2 Covered Area

€ 1,600,000

Potamos Germasogeias, Limassol

170m2 Covered Area

€ 729,000

60m2 Covered Area

3 Bedroom Apartment

Omonia, Limassol

Tsirio, Limassol

1061m2 Covered Area

Neapolis, Limassol

ID: LIM39694

100m2 Covered Area

€ 1,100,000

ID: LIM39680

€ 210,000

ID: LIM40394

3 Beds

€ 1,850,000

120m2 Covered Area

€ 178,000

Flat With Roof Garden ID: LIM40332

2 Beds

| buyhome.com

Mouttagiaka, Limassol

Whole Building At Commercial Avenue

Apartment In Prime Location

60

128m2 Covered Area

1 Beds

N/A Beds

€ 630,000

ID: LIM39477

Luxury Apartment Near The Beach ID: LIM39527

3 Beds

Modern 2 Bedroom Apartment Neapolis, Limassol

206m2 Covered Area

Potamos Germasogeias, Limassol 3 Beds

3 Bedroom Penthouse Near Sea ID: LIM39543

3 Beds 118m2 Covered Area

Luxury 3 bedroom Penthouses ID: LIM39482

3 Beds

3 Bedroom Duplex Apartment Potamos Germasogeias, Limassol

Enaerios, Limassol

Tsirio, Limassol

ID: LIM40334

2 Beds

€ 630,000

78m2 Covered Area

€ 235,000

apartments | limassol

Apartment Near The Sea Agios Tychonas, Limassol

Perfectly Located Apartment ID: LIM40335

1 Beds 50m2 Covered Area

€ 195,000

117m2 Covered Area

Agios Athanasios, Limassol

116m2 Covered Area

3 Bedroom Apartment Near The Sea

Modern 3 Bedroom Apartments

Potamos Germasogeias, Limassol

Potamos Germasogeias, Limassol

ID: LIM39873

3 Beds 140m2 Covered Area

€ 540,000

€ 200,000

50m2 Covered Area

Agios Tychonas, Limassol

ID: LIM40337

1 Beds

€ 280,000

50m2 Covered Area

€ 205,000

Modern Upper House ID: LIM40484

Mesa Geitonia, Limassol

ID: LIM39846

3 Beds

€ 850,000

140m2 Covered Area

€ 388,000

Contemporary 2 Bedroom Apartment ID: LIM39584

2 Beds 162m2 Covered Area

143m2 Covered Area

ID: LIM40336

Newly Renovated Apartment ID: LIM40445

3 Beds

Spacious Sea View Penthouse Agios Tychonas, Limassol

€ 350,000

2 Beds

€ 150,000

Agios Tychonas, Limassol 1 Beds

Penthouse Apartment ID: LIM40487

1 Beds 60m2 Covered Area

Apartment Near The Beach ID: LIM39842

3 Beds

Spacious 1 Bedroom Apartment Tsirio, Limassol

Mouttagiaka, Limassol

Potamos Germasogeias, Limassol

ID: LIM40479

2 Beds

€ 550,000

101m2 Covered Area

€ 650,000 buyhome.com |

61

limassol | land

Residential Land Behind Kean

Very Large Piece Of Land In Apesia

Agios Athanasios, Limassol

ID: LAR40491

805m2 Plot Area 80% Building Density

€ 1,100,000

Apesia, Limassol

ID: LIM39418

1673m2 Plot Area

15% Building Density

€ 165,000

Residential Plots In Agios Tychonas

€ 2,500,000

Residential Land Plot

Kato Polemidia, Limassol

Agios Nicolaos, Limassol

80% Building Density

9230m2 Plot Area

Potamos Germasogeias, Limassol

ID: LIM40496

45% Building Density

€ 395,000

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€ 250,000

120% Building Density

Asgata, Limassol

ID: LIM39403

5659m2 Plot Area

€ 1,650,000

€ 368,000

10% Building Density

Beautiful Buildable Land For Sale ID: LIM39402

6113m2 Plot Area 10% Building Density

ID: LIM39388

Plot of Land ID: LIM39886

Plot of Land Asgata, Limassol

€ 750,000

344m2 Plot Area

1027m2 Plot Area

€ 1,384,500

ID: LIM39865

30% Building Density

Large Residential Plot Kato Polemidia

Exclusive Plots In Tourist Area ID: LIM40509

Moutagiaka, Limassol 1000m2 Plot Area

2853m2 Plot Area

20% Building Density

20% Building Density

Amazing Plots In Moutagiaka ID: LAR39531

37000m2 Plot Area

Residential Land Apesia

Agios Tychonas, Limassol

Apesia, Limassol

Asgata, Limassol

ID: LIM39574

45000m2 Plot Area

€ 398,000

40% Building Density

€ 9,500,000

land | limassol

Amazing Sea View Plots in Paniotis Hill

Residential Building Plot

Paniotis Hill, Limassol

Agios Athanasios, Limassol

ID: LIM39544

1921m2 Plot Area 60% Building Density

1200m2 Plot Area

€ 1,920,000

40% Building Density

Large Sea View Plot Agios Tychonas

Prime Commercial Land

Agios Tychonas, Limassol

Agios Athanasios, Limassol

ID: LIM39882

10063m2 Plot Area 15% Building Density

€ 3,500,000

Apesia, Limassol

Agios Athanasios, Limassol

€ 2,500,000

80% Building Density

ID: LIM40429

€ 475,000

30% Building Density

Sea View Land Agios Tychonas ID: LIM39370

Agios Tychonas, Limassol

ID: LIM40417

693m2 Plot Area

€ 1,850,000

40% Building Density

€ 495,000

Agios Tychonas Plots ID: LIM39253

2417m2 Plot Area

Fantastic Development Opportunity

Agios Tychonas, Limassol

ID: LIM40316

3701m2 Plot Area

€ 2,600,000

30% Building Density

€ 1,100,000

Investment Opportunity ID: LIM39560

3734m2 Plot Area 50% Building Density

€ 540,000

Investment Opportunity ID: LIM39531

37000m2 Plot Area

Ayios Tychonas, Limassol

90% Building Density

Agios Tychonas, Limassol 959m2 Plot Area

2017m2 Plot Area

Very Large Piece of Land in Apesia

15% Building Density

Sea View Plot Agios Tychonas ID: LIM39293

Potamos Germasogeias, Limassol

ID: LIM39422

2214m2 Plot Area

€ 1,100,000

100% Building Density

€ 3,250,000 buyhome.com |

63

limassol | commercial

The Commercial Building Germasogeia, Limassol

ID: LIM39495

€ 7,000,000

Commercial Building that consists of a 3-floor modern, state of the art office structure just off the highway in the Germasogeia area of Limassol. With a penthouse residence sitting on top, this unique business space ensures that home is never far away!

Three Warehouses for Sale Agios Athanasios, Limassol

ID: LIM39264

€ 11,000,000

The warehouse offers buyers 3 separate spaces taking up 10,000m2 with modern features in the building. Included in the sale is a new 3mw Substation built at the cost of over a million euros. The owner is willing to sell and rent back the space.

Prime Industrial Land 2913m2 Agios Athanasios, Limassol

ID: LIM39369

€ 3,034,500

Situated in a very centralised area of Limassol with great road and highway connections, this plot falls within the commercial zones BD4 and EB5, building density 80% and 120%, coverage 60% and 50%, 2 and 3 floors, and 13.5 metres height.

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Very Large Piece Of Land In Apesia Apesia, Limassol

ID: LIM39531

€ 2,500,000

This very large piece of land and its Company owned. It can be used for many different types of projects depending on your needs. We also have plans for sport and leisure park. Private housing estate. Dry Ski Slope. Student Campus.

Whole Modern Building For Sale Panthea, Limassol

ID: LIM40389

€ 3,000,000

It consists of 3 three bedroom apartments. Each apartment takes a whole floor with all enriched with unobstructed sea views. They will be fully furnished with ac units throughout. Each apartment is 200 metres covered and with covered parking.

Landmark Commercial Development Town Centre, Limassol

ID: LIM39250

€ 1,815,000

This newly constructed development is an exceptional, hi-tech and ultramodern building, designed by award winning architects. It is centrally located in the heart of Limassol with panoramic views of the town and sea.

commercial | limassol

Business Centre For Sale Town Centre, Limassol

ID: LIM40426

€ 3,200,000

Buy Home have the pleasure to present an ultra modern 4-storey plus roof garden commercial building. Located in the most prestigious business area of Limassol near the District Court. 200 metres from the sea.

Whole Modern Building For Sale Panthea, Limassol

ID: LIM40389

€ 3,000,000

Buy Home are pleased to present a whole modern building for sale. It consists of 3 x 3 bedroom apartments. Each apartment takes a whole floor with all enriched with unobstructed sea views. They will be fully furnished with ac units throughout.

Licensed Farm For Sale Monagroulli, Limassol

ID: LIM39585

€ 1,100,000

35,101 sqm of land and 17 constructed buildings with concrete base. It comes with all government licenses for all types of livestock. Some buildings come with heaters and fans for special animal needs. Residential buildings to sleep 8-10 persons.

Luxury Development Mouttagiaka, Limassol

ID: LIM40323

€ 2,730,000

We are delighted to have the opporutnity to list to market three floors of apartments in a building which is completely sold out. The apartments comprise of the top floors which are the 14th, 15th and 16th floor. Wide array of styles and sizes available.

Traditional Hotel in Platres Platres, Limassol

ID: LIM39513

€ 1,800,000

Nestled into the mountains amongst the picturesque pinetrees on the southern slopes of the Troodos mountains. It is 1200m above sea level giving amazing humidity free cool air. The owners have been in this establishment for 22 years.

Beautiful Buildable Land on The Beach Agios Athanasios, Limassol

ID: LIM39555

€ 10,500,000

There is an established Bussiness which includes a huge restaurant seating approx 500 people and a conference room. 15 double rooms rented all year round above the restaurant. Beach bar with sunbeds. Bookings all year round for weddings. 15000m2

buyhome.com |

65

“Should have used them years ago”

“5 Star Plus”

After a few years of using a few different

I cannot rate Buy Home Estate Agency

agents we opted for BuyHome. What a

highly enough. The sale was handled very

difference. Suddenly we had viewers and

professionally right from the word go

not long the first offers were in. House has

but in a friendly and helpful manner. The

now sold and impressed with the help

whole team were superb in their attitude

during selling process. No hesitation in

and a pleasure to deal with.

recommending. Buy Home Estate Agency experienced by Kevin Sumbler

66

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Buy Home Estate Agency experienced by T. Bartley

trustpilot.com/review/www.buyhome.com

“Really professional company”

“Very professional and helpful”

Really professional people. They oversaw

The staff at Buy Home Cyprus are very

everything that was needed from all

helpful, professional, yet extremely friendly.

parties involved. Dealt with foreign

We have received a fantastic service

governments for documents with ease.

during and long after the purchase. We

I can highly recommend this company

would be very happy to recommend Buy

if you’re thinking of buying or selling in

Home Agency to anyone looking to buy a

Cyprus.

property in Cyprus!

Buy Home Estate Agency experienced by Teresa Jones

Buy Home Estate Agency experienced by Margaret

| 67 Rated “Excellent” by our buyhome.com customers

68

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featured property | larnaka

Detached Luxury Family House Mazotos, Larnaka

ID: LAR40282

5

Bedrooms

420

m2 Covered Area

2342 m

2

Plot Area

â‚Ź

1,450,000

If you are looking for peace and tranquility, this 5-bedroom, 5-bathroom property is exactly for you. This beautiful house sits on a plot of 2342 m2, with covered area of 420 m2 and is surrounded by a huge garden full of olive trees. The heated pool is a big advantage of this property, so you can enjoy swimming throughout the year. The property comes fully furnished, including a jacuzzi.

7777 8800 (LOCAL CALLS)

+357 24 20 8800 (INTERNATIONAL CALLS)

buyhome.com |

69

larnaka | houses

3 Bedroom House With A Pool

Lovely Home With Private Pool

Dhekelia Road, Larnaka

ID: LAR41005

3 Beds

€

147m Covered Area 2

360,000

4 Bedroom Unique Bungalow With Pool ID: LAR40253

4 Beds 350m Covered Area

ID: LAR40968

4 Beds 177m2 Covered Area

€

260,000

4 Bedroom Detached House

Pervolia, Larnaka

2

Pyla, Larnaka

€

1,275,000

Vergina, Larnaka

ID: LAR40754

4 Beds 220m2 Covered Area

€

320,000

Wonderful 3 Bedroom Bungalow Aradippou, Larnaka

ID: LAR41112

4 Beds 207m2 Covered Area

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€

680,000

houses | larnaka

Modern 4 Bedroom House With Pool

4 Bedroom House

Pervolia, Larnaka

ID: LAR41014

4 Beds

€

240m Covered Area 2

435,000

New Beachfront Villas ID: LAR41019

5 Beds 330m Covered Area

€

2,300,000

Stunning Villa With Private Pool

4 Beds 255m2 Covered Area

€

349,000

Pyla, Larnaka

ID: LAR40566

3 Beds 160m2 Covered Area

€

220,000

4 Bedroom Modern Houses

Oroklini, Larnaka

ID: LAR41085

5 Beds 330m2 Covered Area

ID: LAR39791

3 Bedroom House

Dhekelia Road, Larnaka

2

Oroklini, Larnaka

€

1,100,000

Kiti, Larnaka

ID: LAR41100

4 Beds 218m2 Covered Area

€

330,000

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71

larnaka | houses

6 Bedroom Villa

4 Bed Modern Luxury House

Faneromeni, Larnaka

ID: LAR40140

6 Beds 700m Covered Area 2

€

3,100,000

5 Bedroom Detached House With Pool ID: LAR41132

5 Beds 300m Covered Area

ID: LAR40623

4 Beds 400m2 Covered Area

€

850,000

3-4 Bed Houses 350m From The Beach

Ormideia, Larnaka

2

Aradippou, Larnaka

€

325,000

Dhekelia Road, Larnaka

ID: LAR40677

3 Beds 221m2 Covered Area

€

450,000

Modern House 300m From The Beach Dhekelia Road, Larnaka

ID: LAR41141

3 Beds 214m2 Covered Area

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€

600,000

featured properties | larnaka

Modern 3 Bedroom Beachfront House Dhekelia Road, Larnaka

ID: LAR40379

3

Bedrooms

171

m2 Covered Area

480 m

2

Plot Area

€ 2,000,000

Stunning property with mesmerizing sea views just steps away from the sandy beach creating a relaxed and healthy environment for waterfront living located in an idyllic position with easy reach of all amenities. Modern and contemporary finishes with wall to wall sliding doors offering natural sunlight and ensuring picturesque sea views from all areas of the property. One bedroom is situated downstairs while the other two bedrooms are on the first floor with access to veranda. The main bedroom offers ensuite shower. The property consists of sauna, pergola and has title deeds available. Additional Features: En-Suite Bathrooms, Guest W/C, Covered Parking, Verandas, 1st line from the beach, Attached to Green Area, Barbecue Area, Near College / University, N​ear Hotel, Near School, Pergola, ​Recently Renovated, ​Sauna, Title deeds, Water & electricity available, Water Pressure System and Softener.

4 Bedroom Detached House Mazotos, Larnaka

ID: LAR05162

4

Bedrooms

175

m2 Covered Area

285 m

2

Plot Area

€

250,000

Situated in the picturesque village of Mazotos, in the Larnaka district this exceptional 4 bedroom detached house must be seen to be appreciated. As you enter this charming home you are taken back by the openness and the brightness of each individual room, with more than enough windows, the sunlight floods each room. The ground floor comprises of the living room/ dining area, guest W/C and of course the kitchen, that offers plenty of work area and cupboard space. Upstairs, are four bright, large bedrooms with the master bedroom boasting en-suite, walk in wardrobe and a balcony looking out the back of the property with fantastic distant sea views. There is also an elegant family bathroom. Outside the property we have covered parking area for 2 cars (electric garage door) and exactly behind the house there is a green area. The neighborhood is quiet and the property is close to all amenities.

buyhome.com |

73

larnaka | houses

3 Bedroom House

3 Bed Bungalow With Swimming Pool

Kiti, Larnaka

ID: LAR41135

3 Beds 140m Covered Area 2

€

158,000

4 Bedroom House 550m From The Beach ID: LAR41253

4 Beds 145m Covered Area

ID: LAR41251

3 Beds 180m2 Covered Area

€

730,000

Modern Family Home

Dhekelia Road, Larnaka

2

Livadia, Larnaka

€

347,000

Aradippou, Larnaka

ID: LAR40866

4 Beds 293m2 Covered Area

€

450,000

4 Bedroom Detached House With Pool Aradippou, Larnaka

ID: LAR39909

4 Beds 330m2 Covered Area

74

| buyhome.com

€

590,000

houses | larnaka

4 Bedroom Linked Detached House

3 Bedroom Semi-Detached House

Vergina, Larnaka

ID: LAR41254

4 Beds 200m Covered Area 2

€

295,000

Kiti, Larnaka 3 Beds 116m2 Covered Area

4 Bedroom House & Pool 300m From The Beach

4 Bedroom House With Swimming Pool

Dhekelia Road, Larnaka

Alethriko, Larnaka

ID: LAR41031

4 Beds 179m Covered Area 2

€

650,000

Modern 4 Bedroom Houses - New Project

€

ID: LAR41277

4 Beds 166m2 Covered Area

170,000

€

230,000

New 3 Bedroom Modern House

Oroklini, Larnaka

ID: LAR41337

4 Beds 225m2 Covered Area

ID: LAR41263

€

350,000

Pyla, Larnaka

ID: LAR41037

3 Beds 141m2 Covered Area

€

260,000

buyhome.com |

75

larnaka | houses

3 Bedroom house

Detached Mountain Villa With Private Pool

Ayia Anna, Larnaka

ID: LAR39704

3 Beds 240m Covered Area 2

€

590,000

3 Bedroom Link-Detached House ID: LAR41391

3 Beds 160m Covered Area

€

200,000

3 Bedroom House With A Pool ID: LAR41398

3 Beds

76

| buyhome.com

4 Beds 250m2 Covered Area

€

750,000

Oroklini, Larnaka

ID: LAR40998

3 Beds 186m2 Covered Area

€

250,000

3 Bedroom Beach Residences

Oroklini, Larnaka

190m2 Covered Area

ID: LAR41383

Immaculate 3 Bedroom House

Vergina, Larnaka

2

Agia Anna, Larnaka

€

280,000

Pervolia, Larnaka

ID: LAR40725

3 Beds 127m2 Covered Area

€

650,000

featured properties | larnaka

Regal Gardens Investment Package Tersefanou, Larnaka

2

Bedrooms

97-105

m Covered Area 2

500-650

€ Rental Income

Price: €

270,000

Regal Gardens is located in the suburbs of Tersefanou Village in the Larnaka district of Cyprus. This is a lovely family complex. Tersefanou is a traditional Cypriot village that is attracting more and more tourists every year. It has a good connection to the highway network and is ideally situated only 8 km from Larnaka’s International Airport. Investment Package: • X1 Two Bedroom Penthouse with huge veranda • X2 Two Bedroom Apartments on the same floor Facilities: Gated complex, swimming pool, pool terrace, landscaped gardens, secure parkings. Apartments are air-conditioned with full-equipped kitchens.

7777 8800 (LOCAL CALLS)

+357 24 20 8800 (INTERNATIONAL CALLS)

buyhome.com |

77

larnaka | houses

3 Bedroom Town Houses

2 Bedroom House With Swimming Pool

Dhekelia Road, Larnaka

ID: LAR41405

3 Beds 100m Covered Area 2

€

280,000

Bungalow Villa With Private Pool ID: LAR40870

3 Beds 160m Covered Area

ID: LAR41431

2 Beds 90m2 Covered Area

€

220,000

4 Bedroom Semi Detached House

Oroklini, Larnaka

2

Pyla, Larnaka

€

370,000

Krasa, Larnaka

ID: LAR41433

4 Beds 177m2 Covered Area

€

199,950

Cozy Village House Anglisides, Larnaka

ID: LAR40764

3 Beds 90m2 Covered Area

78

| buyhome.com

€

139,000

houses | larnaka

4 Bedroom house with pool

4 Bedroom House

Pervolia, Larnaka

ID: LAR40311

4 Beds 221m Covered Area 2

€

495,000

4 Bedroom Detached house ID: LAR05162

4 Beds 175m Covered Area

€

250,000

2 Bedroom House in Oroklini

4 Beds 163m2 Covered Area

€

220,000

Aradippou, Larnaka

ID: LAR41283

3 Beds 236m2 Covered Area

€

420,000

Wonderful 3 Bedroom Bungalow

Oroklini, Larnaka

ID: LAR41444

2 Beds 108m2 Covered Area

ID: LAR41437

Wonderful Modern House

Mazotos, Larnaka

2

Vergina, Larnaka

€

175,000

Aradippou, Larnaka

ID: LAR41112

3 Beds 207m2 Covered Area

€

680,000

buyhome.com |

79

larnaka | houses

Modern House 300m From The Beach

5 Bedroom luxury beachfront villa

Dhekelia Road, Larnaka

ID: LAR41449

3 Beds

€

214m Covered Area 2

600,000

4 Bedroom house with mature gardens Pervolia, Larnaka

300m Covered Area 2

€

ID: LAR40211

5 Beds 600m2 Covered Area

€

5,300,000

Immaculate Coastal House ID: LAR40216

4 Beds

Pervolia, Larnaka

3,000,000

Pervolia, Larnaka

ID: LAR41454

2 Beds 80m2 Covered Area

€

260,000

Immaculate 3 Bedroom House Oroklini, Larnaka

ID: LAR40998

3 Beds 186m2 Covered Area

80

| buyhome.com

€

250,000

featured property | larnaka

8 Bedroom Luxury House Oroklini, Larnaka

ID: LAR40037

8

Bedrooms

1200

m2 Covered Area

1850 m

2

Plot Area

â‚Ź

2,500,000

A beautiful eight bedroom family home located in an elevated position in the traditional village of Oroklini. High specification materials have been used throughout both interior and exterior of this property for unique finishes. Extensive living areas with many areas for lounge/dining and seating areas. Separate fitted kitchen with island/bar, utility room. Bedroom situated on the ground floor with en-suite.

7777 8800 (LOCAL CALLS)

+357 24 20 8800 (INTERNATIONAL CALLS)

buyhome.com |

81

larnaka | apartments

2 Bedroom Penthouse Livadia, Larnaka

2 Bedroom Apartment ID: LAR16036

2 Beds 78m2 Covered Area

€ 125,000

€ 139,950

ID: LAR41282

3 Beds 119m2 Covered Area

€ 120,000

Kamares, Larnaka

78m2 Covered Area

€ 145,000

73m2 Covered Area

Brand New Apartments

Dhekelia Road, Larnaka

Droshia, Larnaka

34m2 Covered Area

Droshia, Larnaka

ID: LAR41286

103m2 Covered Area

€ 160,000

ID: LAR41257

€ 188,000

ID: LAR41021

2 Beds

€ 106,000

77m2 Covered Area

€ 150,000

1 Bedroom Modern Apartments ID: LAR41289

3 Beds

| buyhome.com

Mackenzie, Larnaka

1 Bedroom Apartment - Communal Pool

3 Bedroom Apartment

82

80m2 Covered Area

3 Beds

1 Beds

€ 249,999

ID: LAR41075

3 Bedroom Apartment - 250m From Sea ID: LAR41152

2 Beds

Immaculate 3 Bedroom Penthouse Droshia, Larnaka

76m2 Covered Area

Town Centre, Larnaka 2 Beds

Modern 2 Bedroom Apartment ID: LAR41089

2 Beds 104m2 Covered Area

2 Bedroom Modern Apartments ID: LAR40840

2 Beds

Luxury Penthouse Pyla, Larnaka

Faneromeni, Larnaka

Port, Larnaka

ID: LAR41291

1 Beds

€ 185,000

50m2 Covered Area

€ 110,000

apartments | larnaka

3 Bedroom city centre apartment Town Centre, Larnaka

3 Bedroom triplex apartment ID: LAR40499

3 Beds 127m2 Covered Area

€ 230,000

ID: LAR41335

3 Beds

€ 80,000

3 Bedroom Penthouse

Oroklini, Larnaka

Droshia, Larnaka

80m2 Covered Area

2 Bedroom Modern Apartments Faneromeni, Larnaka

2 Beds

ID: LAR41349

109m2 Covered Area

3 Bedroom Penthouse - Stunning Views

2 Bedroom Apartment

Town Centre, Larnaka

Dhekelia Road, Larnaka

ID: LAR41378

3 Beds

€ 105,000

ID: LAR41360

3 Beds

€ 110,000

€ 175,000

101m2 Covered Area

2 Bedroom Modern Penthouse ID: LAR41371

2 Beds

€ 200,000

ID: LAR41334

67m2 Covered Area

2 Bedroom Apartment In A Complex

Town Centre, Larnaka

142m2 Covered Area

€ 110,000

92m2 Covered Area

2 Bedroom New Modern Apartments ID: LAR41370

Livadia, Larnaka 2 Beds

2 Beds

87m2 Covered Area

77m2 Covered Area

2 Bedroom Apartment ID: LAR39633

3 Beds

3 Bedroom Apartment - Pool View Alethriko, Larnaka

Oroklini, Larnaka

Town Centre, Larnaka

ID: LAR41373

2 Beds

€ 165,000

72m2 Covered Area

€ 200,000

ID: LAR41406

2 Beds

€ 500,000

86m2 Covered Area

€ 230,000 buyhome.com |

83

larnaka | apartments

2 Bedroom Apartment Port, Larnaka

Spacious 1 Bedroom Apartment ID: LAR41408

2 Beds 76m2 Covered Area

€ 170,000

€ 115,000

54m2 Covered Area

Dhekelia Road, Larnaka

N/A Covered Area

ID: LAR39633

92m2 Covered Area

€ 110,000

2 Bedroom Modern Apartments ID: LAR41414

2 Beds

€ 210,000

Oroklini, Larnaka 3 Beds

2 Bedroom Ground Floor Apartment ID: LAR41413

2 Beds N/A Covered Area

ID: LAR41411

1 Beds

2 Bedroom Penthouse Near The Sea Dhekelia Road, Larnaka

3 Bedroom triplex apartment

Port, Larnaka

Town Centre, Larnaka

ID: LAR41075

2 Beds

€ 175,000

80m2 Covered Area

€ 155,000

2 Bed Modern Apt - 350m From The Beach

2 Bedroom Penthouse with Roof Garden

Top Floor Apartment - Sea View & Roof Garden

Mackenzie, Larnaka

Mazotos, Larnaka

Mackenzie, Larnaka

2 Beds

2 Beds

ID: LAR41080

2 Beds 85m2 Covered Area

€ 300,000

129m2 Covered Area

€ 110,000

Modern Apartment Near The Sea Mackenzie, Larnaka

84

| buyhome.com

€ 575,000

New 2 Bedroom Apartments ID: LAR41417

2 Beds 89m2 Covered Area

89m2 Covered Area

ID: LAR41416

Papadopoulos, Larnaka

ID: LAR41430

2 Beds

€ 300,000

100m2 Covered Area

€ 135,000

apartments | larnaka

2 Bedroom Apartment 550m From Beach

3 Bedroom luxury beachfront apartment

Top Floor Apartment With Roof Garden

Port, Larnaka

Finikoudes, Larnaka

Port, Larnaka

ID: LAR41440

2 Beds 75m2 Covered Area

3 Beds

€ 155,000

2 Bedroom Modern Apartments Town Centre, Larnaka

ID: LAR41452

2 Beds 77m2 Covered Area

€ 155,000

ID: LAR41460

2 Beds 75m2 Covered Area

€ 147,000

€ 290,000

95m2 Covered Area

2 Bedroom Apartment In Central Location

2 Bedroom Modern Apartments

Town Centre, Larnaka

Sotiros, Larnaka

ID: LAR41288

84m2 Covered Area

ID: LAR41447

2 Beds

€ 160,000

€ 135,000

75m2 Covered Area

2 Bedroom Ultra Modern Apartments

1 Bedroom Modern Apartments

Port, Larnaka

Town Centre, Larnaka

ID: LAR41130

94m2 Covered Area

ID: LAR41196

1 Beds

€ 500,000

48m2 Covered Area

€ 115,000

Apartment On A Complex ID: LAR41463

3 Beds 100m2 Covered Area

€ 1,325,000

2 Beds

3 Bedroom Ground Floor Apartment Oroklini, Larnaka

140m2 Covered Area

ID: LAR41442

3 Beds

2 Beds

2 Bedroom Apartment Port, Larnaka

ID: LAR39709

Oroklini, Larnaka

ID: LAR41400

1 Beds

€ 127,000

55m2 Covered Area

€ 85,000 buyhome.com |

85

larnaka | featured properties

Project For Sale in Prime Location Livadia, Larnaka

ID: LAR40595 Ready

Building Permit

N/A

m2 Covered Area

2349 m

2

Land Area

â‚Ź

1,500,000

A fantastic location of a land of 2349 m2 next to a green area in Livadia available for a retail and office centre. The scope of the Project is to offer 4 commercial shops of a total covered area 882 m2, premium office spaces of 243 m2 and 34 parking spaces. This is the ideal place and location for new business or business expansions, with a choice of shops & offices for Investment. The Project has a Planning Permission valid until 2019.

7777 8800 (LOCAL CALLS)

+357 24 20 8800 (INTERNATIONAL CALLS)

86

| buyhome.com

featured properties | larnaka

Beachfront Project Pervolia, Larnaka

ID: LAR41183

4500

m2 Covered Area

11000 m

2

Plot Area

€

4,000,000

Beachfront land in Pervolia in one of the most attractive and beautiful places to create a unique project with great sea views. The land has has easy access to beach, and enough frontage to develop. The land falls within the touristic planning zone T2E. Located only 19 km from Larnaka’s Town Centre and only 8 km from Larnaka’s International Airport. Pervolia is fast becoming a real estate & investment hotspot. With 4 km of tranquil, Sandy Beaches, a rich history & thriving food & drink scene, big brand, well respected names are already clambering for prime position.

Town Centre, Larnaka

ID: LAR40089

2000

m2 Covered Area

1001 m

2

Plot Area

€ 3,300,000

Great Investment opportunity in a main arterial Avenue in Larnaka. The plot has an area of 1001 m2, with an opportunity to demolish it and erect a high rise building or renovate the existing one and create a boutique hotel. The building located in a strategic location on the most commercial area of Larnaka. There is a license to build another two level’s on top making this a great opportunity for an investor to transform this building into a city boutique hotel. Part of the land falls within the commercial planning zone with building density 200%. For more information please contact us.

Commercial Building For A Boutique Hotel buyhome.com |

87

larnaka | land

Land Investment With Planning Permit

Residential Land

Maroni, Larnaka

Anglisides, Larnaka

ID: LAR00570

2513m2 Plot Area 10% Building Density

2676m2 Plot Area

€ 105,000

Faneromeni Plot Faneromeni, Larnaka

€ 260,000

Vergina, Larnaka

100% Building Density

Town Centre, Larnaka

180% Building Density

€ 375,000

88

| buyhome.com

Alethriko, Larnaka

ID: LAR39824

90% Building Density

€ 330,000

Oroklini, Larnaka

ID: LAR40069

569m2 Plot Area

€ 1,300,000

€ 98,000

90% Building Density

Agricultural Land Panayia Ambelion ID: LAR40149

4900m2 Plot Area 60% Building Density

€ 790,000

Plot Attached To Green Area ID: LAR39895

Residential Land Kiti Kiti, Larnaka

40% Building Density

8362m2 Plot Area

1070m2 Plot Area

€ 1,050,000

ID: LAR39644

Alethriko Residential Land ID: LAR39811

Investment Plots ID: LAR39894

1192m2 Plot Area 140% Building Density

€ 190,000

2769m2 Plot Area

Pyla Tourist Area PLots Pyla Tourist Area, Larnaka

60% Building Density

Zygi, Larnaka 9960m2 Plot Area

Vergina Residential Land ID: LAR39748

541m2 Plot Area 60% Building Density

Zygi Land Investment ID: LAR20654

Aradippou, Larnaka

ID: LAR40182

11056m2 Plot Area

€ 320,000

10% Building Density

€ 325,000

land | larnaka

Aradippou Plot Aradippou, Larnaka

Seaview Land With Building Permit ID: LAR40265

749m2 Plot Area 60% Building Density

€ 150,000

€ 1,600,000

€ 530,000

Oroklini, Larnaka

60% Building Density

120% Building Density

€ 3,300,000

Kiti, Larnaka

ID: LAR40386

14590m2 Plot Area

€ 795,000

45% Building Density

€ 1,900,000

Commercial Land ID: LAR40424

Aradippou, Larnaka

ID: LAR40449

7950m2 Plot Area

€ 93,000

140% Building Density

€ 1,500,000

Residential Land In Rizoelia ID: LAR40495

555m2 Plot Area 90% Building Density

140% Building Density

ID: LAR40366

Land By The Sea Side ID: LAR40385

598m2 Plot Area

4 X Plots Palace Dromolaxia, Larnaka

Aradippou, Larnaka

Unique Plot In Oroklini ID: LAR40404

651m2 Plot Area 120% Building Density

€ 850,000

1382m2 Plot Area

Commercial Plot Droshia, Larnaka

30% Building Density

Town Centre, Larnaka 3999m2 Plot Area

Commercial Plot Aradippou ID: LAR40369

1600m2 Plot Area 120% Building Density

Investment Opportunity ID: LAR40312

7358m2 Plot Area

Unique Opportunity Town Centre, Larnaka

Alaminos, Larnaka

Aradippou, Larnaka

ID: LAR40536

3596m2 Plot Area

€ 116,000

30% Building Density

€ 300,000 buyhome.com |

89

larnaka | land

Downtown Plot Town Centre, Larnaka

Commercial Plot ID: LAR40573

395m2 Plot Area 240% Building Density

€ 950,000

€ 114,000

Kiti, Larnaka

60% Building Density

Krasa, Larnaka

100% Building Density

€ 420,000

90

| buyhome.com

Agios Theodoros, Larnaka

ID: LAR40704

40% Building Density

€ 1,000,000

Kamares, Larnaka

ID: LAR40755

511m2 Plot Area

€ 450,000

120% Building Density

€ 157,000

Building Plot By The Sea ID: LAR40765

8500m2 Plot Area 20% Building Density

€ 2,500,000

Residential Corner Plot In Kamares ID: LAR40730

Beach Front Plot Pervolia, Larnaka

90% Building Density

13511m2 Plot Area

2500m2 Plot Area

€ 140,000

ID: LAR40622

Beachfront First Line Land ID: LAR40699

Krasa Residential Land ID: LAR40718

521m2 Plot Area 120% Building Density

€ 1,600,000

6021m2 Plot Area

Residential Plot Agioi Anargyroi, Larnaka

200% Building Density

Tersefanou, Larnaka 93211m2 Plot Area

Land With Permit For 7 Plots ID: LAR40679

586m2 Plot Area 90% Building Density

Industrial Land Tersefanou ID: LAR40616

700m2 Plot Area

Kiti Residential Plot Kiti, Larnaka

Town Centre, Larnaka

Dhekelia Road, Larnaka

ID: LAR40803

1142m2 Plot Area

€ 3,800,000

35% Building Density

€ 750,000

land | larnaka

Beach Front Land Pervolia, Larnaka

Great Location Land in Tourist Area ID: LAR40851

2250m2 Plot Area 20% Building Density

€ 1,350,000

2100m2 Plot Area

€ 1,500,000

€ 1,850,000

25% Building Density

Krasa, Larnaka

ID: LAR40857

€ 2,000,000

140% Building Density

Investment Land By Dhekelia Seaside ID: LAR40887

Dhekelia Road, Larnaka

ID: LAR40980

2289m2 Plot Area

€ 2,250,000

€ 840,000

30% Building Density

Building Plots With Sea View ID: LAR41053

13000m2 Plot Area 100% Building Density

Investment Plots With Sea View

Dhekelia Road, Larnaka

ID: LAR41054

1124m2 Plot Area

€ 3,700,000

60% Building Density

€ 470,000

Corner Plot With Sea View ID: LAR41055

2206m2 Plot Area 60% Building Density

Dhekelia Road, Larnaka

Investment Opportunity Krasa ID: LAR40985

120% Building Density

Dhekelia Road, Larnaka

€ 600,000

10000m2 Plot Area

Drosia Building Plot Droshia, Larnaka

25% Building Density

St. George, Larnaka 2647m2 Plot Area

Land Investment ID: LAR40871

702m2 Plot Area 180% Building Density

Investment Opportunity ID: LAR40852

3645m2 Plot Area

Unique Plot For Boutique Hotel Town Centre, Larnaka

Oroklini Tourist Area, Larnaka

Dhekelia Road, Larnaka

ID: LAR41056

560m2 Plot Area

€ 950,000

60% Building Density

€ 240,000 buyhome.com |

91

larnaka | land

Vergina Cul De Sac Plot Krasa, Larnaka

Faneromeni 10 X Plots ID: LAR41059

566m2 Plot Area 100% Building Density

€ 190,000

€ 2,000,000

Mazotos, Larnaka

45% Building Density

Krasa, Larnaka

100% Building Density

€ 4,400,000

92

| buyhome.com

Mazotos, Larnaka

ID: LAR41210

45% Building Density

€ 950,000

Aradippou, Larnaka

ID: LAR41231

523m2 Plot Area

€ 160,000

100% Building Density

€ 115,000

3 Plots By Dhekelia ID: LAR41280

22901m2 Plot Area 30% Building Density

€ 650,000

Plot In Aradippou ID: LAR41217

Land In Pascal Aradippou, Larnaka

140% Building Density

8174m2 Plot Area

547m2 Plot Area

€ 180,000

ID: LAR41150

8174m2 Mazotos Land ID: LAR41193

Corner Krasa Plot ID: LAR41214

650m2 Plot Area 90% Building Density

€ 1,040,000

25753m2 Plot Area

Package Of Two Plots Oroklini, Larnaka

120% Building Density

Aradippou, Larnaka 964m2 Plot Area

Land By The Seaside ID: LAR41182

800m2 Plot Area 200% Building Density

Commercial Land ID: LAR41063

1038m2 Plot Area

City Centre Plot Investment Town Centre, Larnaka

Faneromeni, Larnaka

Dhekelia Road, Larnaka

ID: LAR41305

739m2 Plot Area

€ 2,500,000

60% Building Density

€ 205,000

land | larnaka

Kamares Next To Park Area Kamares, Larnaka

Mazotos Land ID: LAR41310

677m2 Plot Area 120% Building Density

€ 270,000

€ 270,000

€ 150,000

Softades, Larnaka

45% Building Density

120% Building Density

€ 230,000

Sotiros, Larnaka

ID: LAR41376

306m2 Plot Area

€ 85,000

210% Building Density

€ 200,000

Port Corner Plot ID: LAR41394

Port, Larnaka

ID: LAR41395

517m2 Plot Area

€ 1,300,000

140% Building Density

€ 850,000

Aradippou Corner Plot ID: LAR41396

3221m2 Plot Area 180% Building Density

90% Building Density

ID: LAR41322

Old House As A Plot ID: LAR41356

16169m2 Plot Area

6 Plots Investment Sotiros, Larnaka

Kiti, Larnaka

Softades Land ID: LAR41377

245m2 Plot Area 120% Building Density

€ 390,000

560m2 Plot Area

An Old House As A Plot Chrysopolitissa, Larnaka

60% Building Density

Port, Larnaka 546m2 Plot Area

Kiti Corner Residential Plot ID: LAR41342

173m2 Plot Area 180% Building Density

Plot By Kathari ID: LAR41316

9365m2 Plot Area

Plot Near St. Lazarus Town Centre, Larnaka

Mazotos, Larnaka

€ 3,000,000

Aradippou, Larnaka

ID: LAR40808

670m2 Plot Area

€ 150,000

100% Building Density

buyhome.com |

93

larnaka | featured property

Unique Plot For Boutique Hotel Town Centre, Larnaka

ID: LAR40871

702 m

2

Plot Area

180% Density

€

1,500,000

A rare investment opportunity of a unique plot exactly in the middle of the centre of Larnaka and only few steps away distance from the Finikoudes Promenade. The plot is suitable for a Boutique Hotel, has design plans for 52 double rooms, spa & gym area, indoor/outdoor pool, entrance lobby, roof garden and covered parking areas. This investment opportunity has an area of 702 m2, and falls within the residential planning zone Πα6, with building density coefficient 180%, coverage coefficient 70%, over 3 floors and 10 metres height.

Hotel Apartments Building Port, Larnaka

ID: LAR15059

€ 9,000,000

The Building is located just 500 metres from the New Marina Investment in Larnaka. Has a swimming pool, it is a corner building. It is the only Business Hotel Apartments in the Avenue of Makariou, and the shops of the Hotel face on the commercial street.

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Boutique Hotel Spa Investment Lefkara, Larnaka

ID: LAR39654

€ 600,000

Areas: National Heritage Stone Building 300 m2 – needs full renovation. New Building to be build 700 m2. Land Area for Hotel 650 m2. Land Area for Parking 335 m2. Beds: 32 beds licensed (can be increase to 40 beds)

commercial | larnaka

Hotel for sale Great investment Platres, Limassol

ID: LIM39784

3075

m2 Covered Area

6000 m

2

â‚Ź

Plot Area

4,500,000

In need of renovation Hotel in Platres, Limassol. The Hotel located in the heart of the village and a breath away from amenities, coffee shops, restaurants and galleries. On this investment opportunity the investor has the possibility to turn out the hotel into 39 luxury apartments. A four storey building with private swimming pool, spa, conference room, concierge, bar and private parking is about to emerge on the foundations of one of the most renown and point of reference buildings in Cyprus. The breathtaking view is simply green.

7777 8800 (LOCAL CALLS)

+357 24 20 8800 (INTERNATIONAL CALLS)

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larnaka | commercial

Building For Sale Near Port Port, Larnaka

ID: LAR41403

1045

m2 Covered Area

679 m

2

Plot Area

€

1,800,000

Local amenities are within walking distance whilst the vibrant City Centre with its vast choice of shops, restaurants, leisure facilities and beach is just 5 minutes away. Each energy efficient apartment is designed and finished to an exceptionally high standard and has its own private covered balcony with the penthouse boasting a superb roof garden. Owners will be able to personalize their apartment from a wide range of finishes and materials including Italian fitted kitchens and granite worktops.

Building For Sale Near Port Port, Larnaka

ID: LAR41123

357

m2 Covered Area

480 m

2

Plot Area

€

610,000

Buy Home Estate Agency is pleased to offer onto the market this stunning residential building with shops in a prime location in Larnaka, walking distance to all amenities that a resident needs. The building consists: •

3 Shops: 60 m2, 37 m2 and 54 m2

•

2 bedroom apartment on the first floor with covered area of 97m2 and covered verandas 16.50 m2

•

3 bedroom apartment on the first floor with covered area of 109m2 and covered verandas 13.00 m2.

The plot falls within the planning zone Ka4 with building density 120%. Also, there is an additional 209m2 extra covered area and 2 floors extra plus roof garden.

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commercial | larnaka

Luxurious Residencial Building For Sale Port, Larnaka

ID: LAR41404

1665

m2 Covered Area

1196 m

2

Plot Area

€

POA

An iconic new development of 14 high quality 2 and 3 bedroom apartments positioned in a prime location within walking distance of the new marina and Larnaka’s vibrant city centre. The building offers a unique opportunity of luxury living and many of the apartments will enjoy uninterrupted views of the Mediterranean Sea from the spacious balcony. Each luxurious apartment comes complete with a GLC Mercedes Benz. Intelligent Design without comprise on the Quality. Equipped with Smart Technology. Spacious Layout. Within Walking Distance to the Larnaka Marina. Distance to the beach : 200m. Total Number of Apartments: 15. Completion estimated for 2020.

Great Investment Opportunity Port, Larnaka

ID: LAR41402

795

m2 Covered Area

530 m

2

Plot Area

€

1,500,000

This great residences offers amazing potential for foreign investors with this distinctive residential development, living at your best. This spectacular new development features 1 & 2 bedroom apartments positioned in a prime location within walking distance of Larnaka’s Marina and its vibrant City Centre. Each spacious apartment is finished to exact specifications. Homeowners are able to choose their own interior finishes. Being Class A energy efficient minimizes running costs for homeowners as well as contributing to the wellbeing of the environment.

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nicosia | residential properties

5 Bedroom Luxury Houses Archangelos, Nicosia

5 Bedroom Luxury Houses ID: NIC00006

5 Beds 637m Covered Area 2

Price On Application

153m Covered Area

335m2 Covered Area

Price On Application

2 Bedroom Apartments ID: NIC00008

3 Beds 2

ID: NIC00007

5 Beds

Town Centre Apartments Makarios Avenue, Nicosia

Dhali, Nicosia

Agious Omologites, Nicosia

ID: NIC00009

2 Beds

Price On Application

113m2 Covered Area

Price On Application

3 Bedroom Apartments Aglangia, Nicosia

ID: NIC00010

3 Beds 135m2 Covered Area

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Price On Application

featured property | ayia napa & protaras

Luxury Beach Front Villa Pernera, Famagusta

ID: FAM16720

5

Bedrooms

330

m2 Covered Area

758 m

2

Plot Area

â‚Ź

2,399,000

Fantastic opportunity to acquire this immaculate home for water front living. The property reaches to edge of the crystal clear sea. The property had been designed to offer practicality and comfort to premier building quality and great attention to detail. Accessed via a private road, the two-storey villas are surrounded by beautiful landscaped gardens and enjoy a private infinity edged swimming pool with uninterrupted views of the Mediterranean Sea.

7777 8800 (LOCAL CALLS)

+357 24 20 8800 (INTERNATIONAL CALLS)

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ayia napa & protaras | featured projects

Luxury Building Investment Kapparis, Famagusta

ID: FAM16713

405

m2 Covered Area

500 m

2

Plot Area

€

1,200,000

This luxury collection is conveniently positioned in a carefully selected, quiet and safe neighbourhood of the beautiful area of Kapparis (Protaras) offering stylish coastal living at its best. The high-end development offers the unforgettable experience of luxury and relaxation in a stylish and elegant community with deluxe indoor facilities. Each Apartment offers an open plan kitchen with a dining area and spacious main living area with an expansive bathroom. A supplementary guest WC is also available for two-bedroom apartments. Moreover, each apartments has its own large storage room with an allocated parking space on the ground floor. Each apartment enjoys high ceilings, top-quality finished and delivers breathtaking views of the Mediterranean Sea and its picturesque suburbs.

Prime Location Hotel Apartments Ayia Napa, Famagusta

ID: FAM16714

33

Bedrooms

1214

m2 Covered Area

519 m

2

Plot Area

€

3,500,000

Standing in the centre of Ayia Napa, this project is an authentic boutique, luxury, lifestyle hotel. Featuring modern simply décor, this property offers luxurious accommodation and top-class facilities of 29 Studio & 4 Family spacious rooms. Its perfect location allows to enjoy the goods of both worlds, relishing the relaxing quiet atmosphere near the beach and if you wish to party the clubs are just minutes away from you. • • • • • • • 100

Total Hotel Area 1214 sqm (incl. 145 sqm of parking area) Rooms Total 33, of which: 3 Studios – 18 sqm each 26 Studios – 22 sqm each 4 Suites – 2 of 40 sqm and 2 of 52 sqm Parking Slots 7 (plus the use of additional 7 slots is included) Fixed Net Yield 6% for 3 years (Management on owners side) | buyhome.com

featured project | paphos

Two Towers Next to the Sea Paphos

ID: PAP00092

16

Floors

Shopping Mall

Cafes & Restaurants

Price on application

Buy Home are very proud to introduce our latest listing which is two new towers, 15 and 16 floors that are expected to impress with their groundbreaking character and their simple, yet stunning design. With large glass windows to allow the sun to enter the building from all angles and prominent horizontal lines on the balconies, making it look like it’s constantly in motion, are guaranteed to make this a stunning project inside and out. The towers will be located right next to the sea, thus offering wonderful sea views and picture-perfect sunsets. The building complex will include a promising shopping mall with exceptional restaurants, as well as adjacent deluxe villas. The project is expected to upgrade the entire area and will be one of the first high-rise buildings in the Paphos region. It is one of the most innovative projects to ever take place in Paphos. Its innovative character and luxurious characteristics are guaranteed to win you over.

7777 8800 (LOCAL CALLS)

+357 24 20 8800 (INTERNATIONAL CALLS)

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paphos | houses

Modern Home with Sea View

Luxury Villas Konia

Tala, Paphos

ID: PAP00003

3 Beds

€

N/A Covered Area

580,000

Luxury Beachside Villa in Paphos ID: PAP000015

4 Beds 448m Covered Area

ID: PAP00001

3 Beds

€

127m2 Covered Area

500,000

Three Bedroom Modern Townhouse

Chloraka, Paphos

2

Konia, Paphos

€

3,300,000

Aphrodite Hills, Paphos

ID: PAP000066

3 Beds

€

250m2 Covered Area

625,000

Luxury Home Near the Sea Polis Chrysochous, Paphos

ID: PAP000025

4 Beds 360m2 Covered Area

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€

1,600,000

apartments | paphos

Two Bedroom Stylish Apartment Aphrodite Hills, Paphos

ID: PAP00067

2 Beds 120m2 Covered Area

€ 199,950

€ 1,100,000

€ 300,000

147m2 Covered Area

Konia, Paphos

88m2 Covered Area

200m2 Covered Area

€ 595,000

Apartment in Paphos ID: LIM39255

Universal, Paphos

ID: PAP000023

2 Beds

€ 495,000

52m2 Covered Area

€ 425,000

Luxury Apartments ID: PAP000030

Kato Paphos, Paphos

ID: PAP000031

3 Beds

€ 196,300

116m2 Covered Area

€ 310,000

Luxury Villas in Coral Bay ID: PAP000032

2 Beds 82m2 Covered Area

Tombs of The Kings, Paphos

2 Beds

Luxury Apartments Kato Paphos, Paphos

€ 530,000

Luxury Apartments ID: PAP000017

2 Beds 110m2 Covered Area

147m2 Covered Area

ID: PAP00069

3 Beds

3 Beds

Resort Style Apartment Kato Paphos, Paphos

Aphrodite Hills, Paphos

ID: PAP00050

Renovated Maisonette ID: PAP00057

4 Beds 230m2 Covered Area

Three Bedroom Golf Views Townhouses

Aphrodite Hills, Paphos 3 Beds

Four Bedroom Townhouse Aphrodite Hills, Paphos

Three Bedroom Golf Resort Apartment

Coral Bay, Paphos

ID: PAP000038

3 Beds

€ 302,000

167m2 Covered Area

€ 650,000 buyhome.com |

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“Buy Home were very professional”

“Excellent personnel”

I found the services provided by Buy

Excellent personnel. Professionalism,

Home were very professional and I would

eagerness to satisfy,politeness and above

recommend them to anyone looking to

all efficiency. Bravo!!

buy or sell their property. Buy Home Estate Agency experienced by Alice Nicolaou

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Buy Home Estate Agency experienced by Christos Petrou

trustpilot.com/review/www.buyhome.com

“Excellent service”

“Great Service”

Excellent service. Very professional with

Very helpful in finding my right property

high number of clients. I was able to find

the employees are professional, I

client for my property in a very short time.

recommend buy home to anyone looking to buy a property in Cyprus.

Buy Home Estate Agency experienced by Constantinides

Buy Home Estate Agency experienced by Mario Abou Jaoude

| 105 Rated “Excellent” by our buyhome.com customers

classifieds | editor’s choice

classifieds

Places to be.

Larnaka is currently the fastest growing city in Cyprus, with businesses, restaurants and other entertainment venues popping all over the place to cater to the increasingly demanding needs of the residents and business that choose to relocate their offices there. Working or living next to the sea is a privilege in itself but Larnaka is currently being transformed to meet all the criteria required by newly arrived residents, who are used to high-end amenities and the big city life. Gourmet restaurants, fresh fish taverns and cafes are popping all over town and offer a wide range of food options, from the light brunch to exquisite international cuisine and local delicacies. An excellent example is the Makenzie area, where one can find high end restaurants and clubs right on the beach. If eating sushi at a luxurious restaurant, while soaking your feet in the beach is a dream of yours, Larnaka is the place to be in Cyprus! This is not to say that the city lacks in any other entertainment area. In Larnaka one can also find chic and exclusive clubs,

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pubs, sports bars, chill out bars and any other entertainment venue one might need for a perfect night out. While improving on the services available is a private sector initiative, the public sector was soon to follow. Recognizing the need for revamping, the Larnaka municipality has completely remodeled the famed Finikoudes Promenade, a strip that goes down the Finikoudes beach and is filled with stores, restaurants and cafes. Finikoudes is he beating heart of Larnaka and the municipality frequently gives licenses for concerts, outdoor plays and any other cultural event to take place there. The most recent of the revamping projects in Larnaka is the Piale Pasa Avenue, a once narrow strip of road by the sea that is now widened and had a promenade added. Go out for a late lunch at one of the many restaurants in the area and then head for a walk down the idyllic promenade and watch the sunset over the sea! And to close a perfect day out, treat yourself to a delicious italian ice cream in one of the many gelaterias that opened along Piale Pasa!

editor’s choice | classifieds

VLACHOS Tavern

24 644 244

10 Kantaras Str., Larnaka, 7081

MAKOU Coffee and Ice Cream 47 Piale Pacha, Larnaka

24 400 701

One of Larnaka’s finest local taverns, styled in a traditional simplistic way, with a vast food menu and fine selection of local wines. Cyprus meze made of up to 25 dishes is a real value for money.

Fantastic “3-in-1” experience: freshly made vaflaki and artisan Da Vinci ice cream with a delicious cup of coffee from the experienced baristas of the Coffee Berry in a charming place right on the Makou beach.

NIPPON Japanese Restaurant

TAIPEI TOWN Chinese Restaurant

120 Stadiou Street, Larnaka, 6020

24 400 330 nipponjapanese.com

63 Arch. Makariou III, Larnaka, 6300

24 621 399 taipeitown.com

Any mention of Japanese food in Larnaka is met with recommendation to Nippon, which is repeatedly acclaimed for its authenticity.

Sophisticated Chinese atmopshere and over 100 gourmet and traditional Chinese recipes created by Chef Kuo Chen Feng.

MASALA Indian Restaurant

PSAROLIMANO

Ithakis 10, Dhekelia Road

24 644 950 masalasindianrestaurant.com

One of the best Indian restaurants on the Island. Fantastic food, fantastic service, fantastic venue. Reservation Advised.

Tasou Mitsopoulou 5, Larnaka

24 655 408

Psarolimano Tavern is situated in front of the small harbour which hosts many finishing boats in the Mackenzie area of Larnaka. We serve fresh local fish, with variety of special fish meze.

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classifieds | editor’s choice

ZEPHYROS Beach Tavern 37 Piale Pasa, Larnaka

24 657 198

Opened in the mid 1970s by Petros Nicolau, Zephyros Beach Tavern is still a family business. One of the best fish taverns in Cyprus, it is the first choice for seafood lovers in Larnaka.

BLEND Cafe Bar

Q City Centre, Shop 21, Larnaka

7000 26 16

BLAZER Residence

1 Armenikis Ekklisias, Larnaka, 6022

24 665 558 blazerresidence.com

Blazer Residence is conveniently located in the heart of Larnaka City Centre. This Residence consists of 46 Self-Catering Apartments that offer comfortable accommodation at affordable prices.

KRITIKOS CASH & CARRY Supermarket

Arch. Makariou III, Oroklini, 7040

24 644 440

Blend is a new stylish, cosily place situated in Larnaka at Q city centre. We serve Italian coffee, tasty snacks, our famous desserts by Debbie’s Cookies, cocktails, wines, beers and other alcoholic drinks.

Family run supermarket with a great assortment and offers of fresh meat, fish, fruits, vegetables and everyday supplies recently extended its surface due to the great popularity among the local community.

LIVADHIOTIS City Hotel

COSTANTIANA Beach Apts

St. Lazarus Square, 6021 Larnaka

24 626 222 livadhiotis.com

A city hotel, with 67 newly renovated rooms, located right in the heart of Larnaka and within 2 minutes’ walk from all the main attractions, the beach, shops, bars and restaurants.

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Piale Pashia Street 158, Larnaka, 6028

24 650 301 costantianahotel.com

These Beach Apartments are ideally located at the picturesque resort of Makenzy Beach in Larnaka, Cyprus and are surrounded by a wide selection of Restaurants, Bars, Cafes, Nightclubs and many more.

editor’s choice | classifieds

COFFEE ISLAND Dhekelia

Dhekelia Road, Kermya Apt., Shop 1, Larnaka, 7081

24 650 000

SINGING OWL Karaoke Bar

5 Afroditis Street, Dhekelia Road, Larnaka

99 290 234

Supplying green beans from the best farms in the world, creation of blends, constant checking and measurements… all are dealt with a scientific way and attention to detail.

Cozy karaoke bar in the heart of Larnaka tourist area. Offers a variety of songs in karaoke, cocktails from the bar and crazy dance till morning. Also you can catch weekly events and special offers.

AMORGOS Boutique Hotel

FRIXOS Suites Hotel Apts

11, D. Mitsi Street, Larnaka, 6307

24 621 900 amorgoshotel.com

Dhekelia Road, 3 Aphrodite Str., Oroklini, 7041

24 645 200 frixoshotel.com.cy

Conveniently located in Larnaka City Centre, this newly refurbished, modern style hotel offers an excellent standard of accommodation in a quiet and fashionable environment yet at affordable prices.

Located on the Larnaka Bay, just 100 m from the beautiful Yiannades beach, this family run hotel is ideal for family holidays, couples, business people and travellers who want to explore the region.

K&T BEST CAR WASH

MAQAM AL-SULTAN Restaurant

Kleovoulou Papakyriakou 28, Larnaka, 6018

24 661 100

At K&T Best Car Wash, you’ll receive all the services you need to keep your car looking at its absolute best. Trust the team at K&T to keep your car clean, fresh and attractive for years to come.

Agkiras 7, Finikoudes, 2026

24 400 665 maqamalsultan.com

At Maqam Al-Sultan they immensely love, enjoy, respect and appreciate their food. The restaurant’s Lebanese chefs cook the way Mama cooks at home.

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classifieds | editor’s choice

RE.BUKE Lounge

Tasou Mitsopoulou (Mackenzie), Larnaka

24 626 212 rebukelounge.com

ZHONG CAN Restaurant

Selinis 1, Oroklini Tourist Area, Larnaka

24 722 220

Situated on Mackenzie Beach with delicious culinary creations and cocktails, music, events and entertainment as well as warm friendly service will make your day at the beach memorable all year round.

Zhong Can Restaurant offers varieties of traditional Chinese cuisine with Asian twist served in casual, family-oriented atmosphere by their friendly staff.

THE ART OF WHISKY

DIPATO Art Cafe

79 B&C Ayias Faneromenis Avenue, Larnaka, 6025

99 446 825

1 Farou Street (Lighthouse), Pervolia, 7560

24 423 300

The Art of Whisky has dedicated themselves to providing an everevolving wide range of premium drinks, offering a comprehensive selection of whiskeys, vodkas, wines, beers, spirits and gifts.

Dipato Artcafe is located close to the lighthouse on the beach in Pervolia village. The restaurant serves great Greek and Mediterranean cuisine. The place offers stunning seafront views.

MAVROMATIS Mobile Centre - CYTA

24 400 444 30 Giannou Kranidioti (Alpha Mega Parking), Larnaka, 6045

SXIMA Hair Salon

Official CYTA Partner (pay monthly plans; mobile internet; Cytanet, Cytavision, account payments, etc). Mobile phones and fixed telephony accessories. Smartphone and tablet service centre.

Established in 1983, Sxima is committed to making hair healthy and beautiful. Eco interior design and wide range of organic and luxury hair care products create unique high end salon experience.

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7 Simou Menardou Str., Larnaka, 6015

24 626 080 sximahairdressing.com

editor’s choice | classifieds

EKO Michalis Kamberis Ltd

35 Makariou III Avenue, Larnaka, 6017

24 652 743 eko.com.cy

NISSAN CYPRUS Ltd Showroom 2 Argolidos Street, Larnaka, 7101

22 418 602 nissan.com.cy

Conveniently located on the main city street, it offers products and services distributed under EKO trade mark. Car hand-wash. Multilingual staff (English, Russian, Greek).

Being an important part of one of the leading dealers in the island, the Pilakoutas Group, NISSAN Cyprus offers excellent sales service and economic and reliable solutions for your car after sales maintenance.

CAVA & NUTS

KITCHENBAR Home Furniture

3 Nikolaou Rossou, Larnaka, 6021

24 650 524

62 Inomenon Ethon Street, Larnaka, 6042

24 252 500

Located in the heart of Larnaka, this traditional store offers a wide variety of Cypriot and Greek traditional pleasures of the table: wines, olive oil, nuts, herbs and spices, halloumi cheese and much more.

Combining innovation and comfort, Kitchenbar Home Furniture offers a comprehensive design service, creating flawlessly crafted interiors for discerning clients.

FITNESS POINT by Nicos Pieri

CAVAWAY

43 Nikou Dimitriou, Larnaka, 6031

99 750 967

A personal training studio located in the heart of the city of Larnaka. They are offering bespoke group & personal training services as well as personalised programmes and training schedules.

4 Dodekanisou, Livadia, Larnaka, 7060

24 818 588 cavaway.com

Retail store and warehouse with one of the widest range of wines, spirits and drinks. Exclusive selection of international and local brands. Business partnerships, bartending classes and private tasting events.

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classifieds | editor’s choice

THE GARDEN Restaurant & Lounge Bar

Potamos Germasogias, Georgiou A48, Limassol, 4047

25 101 212

THE WOODMAN Fine Food and Sports 73 Georgiou A, Germasogeia, Limassol, 4047

25 879 082 woodmancyprus.com

Eclectic cuisine with a unique blend of flavours from East and West. Authentic pizza oven, custom-designed sushi bar and walk-in wine cooler and soon Shiazo steam stones, never before seen in Cyprus.

Great location, simple and cosy décor. Great beer and food menu along with a cool atmosphere have made the Woodman a longstanding staple of the city pub and sporting events life.

MIRADAR Natural Dairy Products

BOTTLES Wine and Spirit

Vasileos Georgiou I, 105-105a, Germasogeia

25 109 650 miradar.com.cy

12 Panayiotis Tsangaris Str., Limassol, 4047

25 430 990 bottles.com.cy

From our childhood, each of us has an idea of how delicious milk, sour cream or kefir taste like. MIRADAR products have exactly “the same taste” which everyone remembers.

Unique concept store and wholesale company, with an outstanding portfolio of international wine and spirit brands and complete range of services from creating wine menus to yacht supplies.

NATALEX House of Diamonds

YIAMY Sweets & Cakes Studio

69, Georgiou’ A, Nina Court, Germasogeia, Limassol, 4047

25 324 220

Natalex House of Diamonds offers unique design jewelry. Certified South African diamonds. Swiss watches. Operating since 1985.

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75 Arch. Makariou III, Mesa Geitonia, Limassol, 4003

25 722 770 .yiamy.com

Located in the heart of the city, Yiamy® Studio’s Creative Director and Cake Designer introduces unique flavours and a dash of daring into her creations, that are as pleasing to the eye as to the taste buds.

editor’s choice | classifieds

PAPAS Hypermarket and Bakery 23 Panagioti Tsangari, Limassol, 4042

25 323 416

Rich assortment of food, beverages, fresh fruits and vegetables. Affiliated bakery offers a good choice of local bread and patisserie.

RUSSIAN MARKET

Vasileos Georgiou I, 31, 4040 Limassol, Cyprus

25 431 043

Welcome to Russian Foods supermarket. Selling wide variety of popular food products ranging from fresh diary products like kefir, smetana and tvorog to pelmeni, vareniki, caviar and many more.

GOURMET Russian Corner

14 Medousis, Larnaka, 6059 | 42 Amathounos, Limassol, 4532

A & H AUTO LAND

25 760 012 cyprusautoland.com

Tselal Bagiar Street, Limassol, 3042

Looking to buy or sell Porsche, Mercedes, Audi or Volvo or have your car serviced or repaired? Here they handle everything from the basics like car wash to complete service, major or minor repairs and more.

ANDREAS PETSAS & Sons Public Ltd

All major cities, Larnaka and Pafos airports

22 456 450 petsas.com.cy

A pioneer in car rental business since 1962. With a fleet of approximately 1200 vehicles, from economy to luxury, saloon, minibuses, cabrios, 4x4 jeeps, it covers almost every demand for car hire.

24 103 293 |

25 313 112

Two prime destinations for the Russian taste foods and drinks. Outstanding choice of specialties like pelmeni, tvorog and kefir, as well as world famous brands of vodka, champagne and other spirits. Fresh international press and books in Russian both for kids and adults.

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FAROS SEA RESIDENCE is a rare collection of top-class beachfront villas within a peaceful gated community stretched out on a secluded band of shoreline at Faros Bay. Surrounded by a lavish landscaped garden, each property is exemplary in finish, luxurious and unique in design, capacious and still very intimate. With spectacular view of the Mediterranean Sea and totally chilled experience, FAROS SEA RESIDENCE sets the standard for modern beachfront living.

7777 88 00 (Cyprus) +357 24 20 88 00 (International) • www.farossearesidence.com Sales Offices: 45, Athinon Avenue, Finikoudes, Larnaka, Cyprus | Georgiou A 65A Germasogeia, Limassol, Cyprus