Island Life

YOUR GUIDE TO OUR SERVICES AND CYPRUS

I S L A N D

A

B A S E

L I F E

P U B L I C A T I O N

Cyprus

DISCOVER YOUR CUSTOM DREAM LUXURY HOME

Roomzly Ltd 353, 28th October Street, Olympic Residences, Shop 10, 3107 Limassol, Cyprus.

Roomzly is a turnkey design & build company that combines style and functionality to create and deliver projects from concept to reality. We are a full-service business; offering holistic design & build services, interior design and home decoration.

PHONE +357 25 366 303 EMAIL info@roomzly.com

Dear Friends,

Hello...

I am delighted to welcome you to this issue of The Base

is simple: we are all united by love. A love for the most

Magazine. This publication is designed to be your useful

beautiful sunsets, the glorious climate, the clear sea, as well

guide to the life in Cyprus and the possibilities of buying a

as the island's ancient culture. But apart from the emotional

property and moving here.

connection, there are many other pleasant advantages to

At Cyprus Sotheby's International Realty we are 100% convinced that Cyprus is one of the best places on the planet to fully experience the pleasures of seaside living, as we live here ourselves.

We know from experience, that discovering new places and changing life can be exciting and challenging at the same time. Each of us strives to ensure that all of our clients who choose to move to Cyprus are taken care of from the very beginning of their journey and that every stage of their move is pleasant and stress-free.

Cyprus changes every year to be even more attractive to tourists and permanent residents alike. The island has

As in all industries, there are leaders and followers.

If you’re reading this you’ve chosen to work with a leader in the real estate market.

The process of presenting a property and taking a client through the steps that result in a successful transaction is complex.

living on the island. In particular, it has the most favourable taxation system in Europe, transparent conditions for the

MEET THE TEAM

When handled well and by those with great connections and a deep knowledge of what is required, it shows.

purchase of real estate, and simple guidelines for obtaining

STEVEN COLLINGE Founder & CEO

The home and the feeling of home has never been more treasured... it is our Base.

ANNA COLLINGE Company Director

We all need a Base... an anchor... somewhere to call our own. It defines an ownership of a particular space that we can return to when we need to rest and be safe.

temporary and permanent residence permits.

The team at Cyprus Sotheby's International Realty is here to help you make your dream of moving to Cyprus come true. You can count on us in any matters related to buying and registering property and expect the high standards of service that the global brand Sotheby's International Realty traditionally provides to its clients.

See you in sunny Cyprus, an enchanted island that will stay in your heart forever!

developed a remarkably friendly, cosmopolitan environment

Anastasia Yianni,

that you won't find elsewhere in the world. The explanation

CEO & Partner Cyprus Sotheby's International Realty

MATT BUSBY Chief Development Officer

These days the home can not only be our refuge but can be our place of work. We now ask more of our home than we ever have.

AIDAN PARR Operations Director DAVID FARROW Strategy & Operations Manager RICHARD SPITERI Senior Partnerships Manager

In this publication, we take pride in presenting the company and its people. In showcasing their services and their successes.

We take equal pride in sharing the details of competent companies who stand ready to assist you in creating your home, a new Base.

HELEN O’HARE Head of Design

Whether you’re buying or selling, relocating or investing, we wish you much success and hope that any part of this most recent experience leads you to your desired space.

Safe travels,

Steven

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The publisher of this magazine does not endorse, recommend or guarantee the performance of any advertised product or service. Neither does the publisher verify the accuracy of any claim contained in any advertisement. The publisher merely provides a medium for advertisers to notify potential customers of the products and services offered. Hence, the publisher bears no responsibility for any cost, damage, expense or liability arising from any advertisement contained in this magazine.

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ISLAND LIFE | CYPRUS

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48 Cyprus Living: Your Guide to Home Building and Architecture 54 Cyprus Living: Interior Design Tips for Your New Island Home 60 Buying Big, Buying Smart: Legal, Insurance and Financial Considerations for High-Value Properties 66 Island Living: Renovating, Remodeling and Preserving Historical Architecture 72 Your Guide to Island-Friendly Outdoor Living Spaces and Landscaping 78 Tee Off at the Best Golf Resorts in Cyprus

Cyprus

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73

18 04 Welcome to Island Life 08

An Introduction to Cyprus

10

Brand Heritage

12

Specialty Services

14

Advantages of working with us

16

Our Communities

30

Medical Centers

32

Schools

36 What are the taxes when buying property in Cyprus?

40

Process of buying Property in Cyprus

46

Our Offices & Locations

82

Our Partners

71

Cyprus

Introduction WELCOME TO TH E AN CI EN T LAN D WI TH COSMOPOLI TAN WAY OF LI FE Cyprus is an ancient land famous for its archaeological sites and beautiful beaches. Lying at the crossroads of three continents, it is a beguiling mix of east and west boasting mountain peaks and deserted beaches and blending untamed beauty with cosmopolitan city life.

Cyprus is a small European island country located in the northeastern corner of the Mediterranean Sea. With a total area of 9251 km2, Cyprus is the third largest island in the Mediterranean. It enjoys a prime location, benefiting from a wide network of air-routes from both scheduled and lowcost airlines that connect it with Europe, Africa and Asia. This, combined with its ideal climate and excellent tax and financial benefits, make it a location of choice for many affluent business-minded individuals and companies.

Cyprus is endowed with golden beaches boasting clear blue waters, pinescented forests and a superb climate. It is the sunniest country in Europe with over 300 days of sun annually. The environment is one of the healthiest in the world according to the World Health Organization and is relatively unspoiled by industrialization.

Cyprus is one of the few places in the Mediterranean where sea turtles come ashore to breed on the island’s sandy beaches and are strictly protected, as is the elusive mouflon, a rare wild mountain sheep roaming the Troodos mountain sides.

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ISLAND LIFE | CYPRUS

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Brand Heritage

GLOBAL N ETWORK

LOCAL ADVERTI SI N G

The Sotheby’s International Realty® global network

While our advertising strategy exposes our properties

encompasses 81 countries and territories, with 1,000

worldwide, we believe that it is equally important to have

offices and 25,000 sales associates worldwide. This

a dominant media presence in our local market. Our

exclusive association of high-quality residential brokerage

listings are consistently featured in key local publications.

®

companies connects the Sotheby’s International Realty

The combination of both global and local advertising

network to facilitate the thousands of referrals that occur

ensures that your property will be exposed to the most

annually among our offices.

qualified homebuyers.

GLOBAL MEDI A PARTN ERSH I PS The Sotheby’s International Realty® brand marketing strategy is to develop quality content, across multiple platforms, in order to create and maintain global brand recognition and drive consumers to view our listings.

With an emphasis on brand exclusivity, cutting-edge advertising technologies, strategic positioning, social traffic drivers and video content integration, the company utilizes media powerhouses whose innovation, experience and international impact allow our brand to connect with a global consumer.

E-GALLERY The Sotheby’s International Realty® eGallery is displayed on high-definition screens in Sotheby’s International Realty® and Sotheby’s auction house locations around

The Sotheby’s International Realty brand harnesses the worldwide recognition and ®

prestige of the Sotheby’s name. Auctioneers since 1744 with a fine tradition of marketing the world’s most cherished possessions, Sotheby’s is now an innovative global art

the world. It is an exclusive, real-time, dynamic property

SOCI AL MEDI A

slideshow designed to provide worldwide reach for the

Social media is a vital tool for luxury brands to provide

properties represented by our network.

content to their loyal following, as well as to attract new

PROPERTY DI STRI BUTI ON

connections. Influential, well-connected buyers like to

Strategic placement and unique positioning of your

photos, videos and articles with the ability to respond

home’s best features are critical in securing the right

and share the content. We are not simply posting on

audience, to not only preview your home online, but to

social media, we are nurturing a highly engaged group

take the next step in their home search. The Sotheby’s

of opinion-makers with exclusive content on Facebook,

International Realty® brand partners with and distributes

YouTube, Twitter, Instagram, LinkedIn, and Pinterest.

properties to the most significant media companies and real estate-focused websites in the world in order to increase exposure of our listings.

engage directly with their favorite brands – looking at

N ATI ON AL & I N TERN ATI ON AL ADVERTI SI N G

business serving the most discerning clientele. Sotheby’s International Realty® benefits

To increase exposure for your home, we have partnered

from this tradition and innovation through equity in the Sotheby’s brand name and

with and distribute properties to the most influential

marketing collaboration.

publications in the world, including The Wall Street Journal, Financial Times, Ocean Home, Bloomberg Markets, Robb Report, Sotheby’s Art & Home, Sotheby’s Preferred and more.

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ISLAND LIFE | CYPRUS

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Lifestyles

MOUN TAI N

ECO-FRI EN DLY

BEACH LAK EFRO NT

G OLF

SKI

FLY-IN

M ETROP OL ITA N

HISTO R IC

FARM & RAN CH

WATERFRON T

PRI VATE I SLAN D

WI N E & VI N EYARD

NOTH IN G CO MPARES.

EQUESTR IA N

RETI REMEN T

Advantages of working with us FULLY LI CEN SED REAL ESTATE ADVI SORS Company Reg. No.: 1013 | License No: 517/E. Our agents are local employees with financial and legal expertise in the field of investments and guaranteed profitability.

EXPERTS I N REAL ESTATE TRAN SACTI ON S We offer the knowledge of highly qualified experts working with any type of real estate – residential and commercial, as well as immigration planning.

COMPLETE RAN GE OF SERVI CES We offer a full range of services related to the purchase or sale of real estate, including a detailed analysis of the client's request and selection of the best options available.

I N TERN ATI ON AL RULES AN D STAN DARDS Our clients can be sure that working with us they have all the aspects of managing their real estate portfolio fully undertaken.

ADVAN TAGES OF TH E SOTH EBY 'S BRAN D Cyprus Sotheby's lnternational Realty has access to closed databases inaccessible to the general public. lnternational Standards and Best Real Estate Practices.

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ISLAND LIFE | CYPRUS

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LI MASSOL Limassol is the business capital of Cyprus and the city of skyscrapers, it is here that people mostly buy modern apartments. During the centuries of its existence, the city experienced many falls and tough times, but it always came back to life with renewed vigour. The history of Limassol goes hand in hand with the history of Cyprus as a whole - Limassol was once an independent Greek city-state, then in turn fell under the rule of the Romans, Crusaders, Byzantines, Venetians,

Choose Your Location

Ottomans and British. All this is reflected not only in the cultural atmosphere of the city, but also left its mark in its architectural features. Today the city offers plenty of options for any lifestyle - elite penthouses with a rooftop terrace and pool, small studios for students in the heart of the city, apartments in a gated complex for the whole family and other types of properties.

Limassol real estate: Life style and investment benefits

YOU R LO CAT IO N

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The city is famous for its cosmopolitan way of life – here the social life is bustling both on sun-soaked days and

PA FOS

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and hotels;

Pafos is famous for its rich cultural heritage, extraordinary local character, historical beauty and a

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Three of them carry the European Blue flag

and fantastic sunsets. This small, low-rise Cyprus town

awards (Neo Chorio, Peyia and Yeroskipou);

rent or buy property in Pafos, both for short vacations

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ranges, from luxury mansions to affordable homes.

Pafos Real Estate: Life style and investment benefits •

Airport for easy international connections;

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All the necessary amenities for a comfortable life;

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English curriculum international schools the perfect place for modern high standard education;

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modern medical centres and much more; •

number of the luxury penthouses in Cyprus; •

properties for permanent residency or renting for the duration of practices and tournaments.

The real estate in Limassol is represented by luxury villas and a wide variety of apartments. Limassol has the biggest

Golf courses loved and appreciated by golfers from all over the world, who choose golf

Limassol has a rich infrastructure - huge business centres, shopping and entertainment complexes, shopping malls,

accommodation;

villas; here one can find Cyprus villas in different price

European high level education, including English curriculum schools;

Low level of noise, crime and air pollution, with a high level of services and quality of

and permanent living. Pafos can be called a town of

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Small but cozy beaches nestled among rocks.

truly clean environment. It has gorgeous landscapes is especially loved by Europeans, who often choose to

star studded nights;

Large selection of Cyprus seafront properties

Rich cultural life with a wide variety of events (the most popular being the Limassol Carnival);

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The amazing Limassol promenade, which runs along the

Mediterranean Pafos makes you fall in love with it at

entire city and is an ideal place for walking or jogging in

first sight - it offers travelers exciting tours and sailing

any season;

trips, modern shopping or relaxing holidays on the beach, unrivaled flavors of local cuisine and much more. According to Greek mythology, Pafos is the birthplace of the goddess of love and beauty Aphrodite.

A picturesque little harbour with restaurants,

The city has many well preserved historical sites and

shops and information stands which offer exciting

monuments, and since 1980 it has been listed as a

excursions and boat trips to the guests and

UNESCO World Heritage Site.

Being the business center of Cyprus, it should be noted that apartments in Limassol make up one of the most expensive real estate markets on the island.

residents of the island;

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ISLAND LIFE | CYPRUS

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LARN ACA

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people and families with children. The properties have

Larnaca, the third largest city in Cyprus located in the South

heat and sound insulation, spacious balconies and

East of the island, is one of the oldest towns in the country. It

terraces, private and communal swimming pools, covered

attracts tourists from all over the world with its ancient history

parking and garages. At the same time, prices in Larnaca

and amazing sights. In ancient times there was a majestic city

are significantly lower than prices for similar properties

of Kiti where Larnaca now lays, which, as the legend says, was

in Limassol or Pafos;

founded by one of Noah’s grandsons. In the Middle Ages the city was called Salina because of major salt extraction and word “Larnax” (sarcophagus) because of over 3 000 ancient

beautiful fountain, small cosy streets with traditional

tombs discovered in the area. The city is developing rapidly

restaurants and coffee shops, the McKenzie Beach with

and today it is an attractive place for real estate investment.

non-stop music, the famous Finikoudes palm seafront

Sea port and international airport (the largest in Cyprus) for a modern busy life style (the trip from the airport to your home in Cyprus can be as little as 10 minutes);

YOU R LO CAT IO N

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lot to offer to the connoisseurs of history, culture

villas in different price range. A lot of properties in Ayia

and natural resources. Must-sees: Venetian

Napa are located directly on the sea front or in close

Monastery, Museum of the Sea, Lovers’ Bridge

proximity to the sea.

and Luna Park;

sports and educational institutions, bars and restaurants, shopping and entertainment centres, playgrounds and much more; •

The residential Cyprys real estate in Ayia Napa is known for its comfort and quality, with thoroughly planned interiors and modern design;

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Castle deserves a separate mention. This medieval fortress, built in the XIV century, served as an important point of defence

Favourable location on the island - between the capital

for the island’s southern coast. Today, it is a public museum

Nicosia and the tourist centers of Ayia Napa and Protaras;

with three exhibition halls and a great place to explore the

All the amenities in close proximity;

ancient Cyprus history.

A large number of attractions - Ayia Napa has a

is represented by comfortable apartments and luxury

The city has all the necessary amenities: medical,

Among the numerous historical sights of the city, the Larnaca

Konnos Beach and Lanta;

pristine beaches and resorts, as well as the most

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pleasant stay in Larnaca.

Makronissos Beach, Glyki Nero, Agia Thekla,

all over the world. Here you will find hospitable locals,

Ayia Napa real estate: Life style and investment benefits

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promenade - everyone will find a favourite place for a

popular beaches in Ayia Napa are: Nissi Beach,

Ayia Napa is a cosy little town, loved by tourists from

delicious fish dishes. Modern real estate in Ayia Napa

The ancient church of St. Lazarus, the salt lake, the ancient sights of Larnaca, the Europe Square with its

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and all the necessary tourist amenities. The most

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production. The modern name of the city comes from the Greek

Larnaca real estate: Life style and investment benefits

AY IA N A PA

Modern real estate in Larnaca is suitable both for young

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All kinds of water sports - paragliding, windsurfing, parasailing, water skiing, yachting and diving.

The latter is especially popular, because there is a divers’ attraction not far off the shores of Ayia Napa - a sunk British ship. All the equipment for practicing any kind of water sports can be easily rented from the service providers.

Ayia Napa is the perfect place for a healthy lifestyle, free from stress and traffic jams, where the fresh Mediterranean air and healthy delicious cuisine, as

High liquidity of investments – good rental income

well as amazing places for hiking, jogging and cycling

in Ayia Napa can be achieved almost all year round;

contribute to the overall feeling of wellbeing and

The best beaches in Cyprus with a smooth

happiness.

entrance to the water, warm crystal clear sea

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ISLAND LIFE | CYPRUS

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NICOS IA Nicosia is the colourful capital of the European island state, which captivates you with its flavor, as well as the opportunity to do business and invest in affordable real estate. Cyprus is a relatively small country and a significant part of the business is concentrated here. Its central streets are home to hundreds of international companies’ headquarters that conduct business around the world with minimal taxation. There are especially many IT companies in Nicosia, as Cyprus offers preferential tax treatment for them.

Nicosia real estate: Life style and investment benefits •

Friendly locals. Nicosia is a very calm and peaceful city, which is not surprising since Cyprus as a whole is the country with the lowest crime rate in Europe;

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Mild climate and amazing nature. Mediterranean air is very comfortable for life and good for health. The city is located in a beautiful valley between the two mountain ranges of

YOU R LO CAT IO N

Troodos and Kyrenia, so the sea breeze is complemented by mountain notes; •

Affordable property prices. Nicosia offers a wide range of residential properties in a wide variety of types and prices. If

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you are planning to buy real estate in Nicosia, our specialists

P ROTARAS

will help you choose the best option in accordance with your

Protaras is a cozy town in the south-eastern part of Cyprus.

requirements and available budget;

Real estate in this area will especially appeal to families with

Good infrastructure. Entertainment complexes, shopping centers, shops, restaurants, bars - all this is available to residents and tourists of the city throughout the year;

children, as well as everyone who wants to escape from the

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so there is always nice calm weather. The sea warms up quickly,

arts museum) and Orthodox shrines (St. John’s Cathedral

cools down slowly - you can swim in Protaras even in October.

Real estate in Protaras: benefits for living and investment •

in the atmosphere of the last century and taste traditional cuisine in numerous restaurants and cafes of the quarter; •

The capital of Cyprus is famous for its interesting souvenirs ceramics, carpets and jewelry are some of the traditional ones.

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Comfortable property. Protaras offers investors a large houses and villas on the Mediterranean coast.

fascinating museums (archaeological, artistic and decorative

locals and tourists, where you can fully immerse yourself

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sea and well-groomed beaches will make sure that life is calm conditions for a beach holiday, as the place is located in a bay,

Laiki Geitonia Quarter in the old town is a favorite spot for

to visit this amazing place any time.

selection of real estate - spacious apartments, small studios,

Nicosia has a number of unique attractions, including

is one of the main temples of the city);

residents and guests of Protaras have a unique opportunity

hustle and bustle of big cities. Picturesque surroundings, warm and measured, yet comfortable and fun. Protaras offers the best

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as hiking and cycling trails and horseback riding. Thus, the

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Peaceful lifestyle. A measured pace of life reigns in Protaras.

The locals are not disturbed by noisy discos and busy nightlife. Infrastructure. Despite the fact that Protaras is a small city, residents have access to all the necessary amenities for a comfortable stay.

Attractive prices. Since Protaras is a small town, here you

If you decide to buy real estate in Protaras, you can be sure that

can buy a home for a lower price than similar real estate

all types of properties here meet the highest quality standards.

in Limassol or Pafos.

Our experts will help you choose real estate in Protaras, which you

Unique opportunities for an unforgettable holiday. Within

can buy both for your family life and for a profitable investment.

just 7 kilometers from the town lies the famous Cape Greco - a natural park with a huge number of orchids, crocuses,

Nicosia is a colorful combination of Greek and Turkish culture with

irises and unique rocks. This place attracts many romantics

European service. All this makes it a very special place to live and

and nature lovers. You can go for a picnic there, as there

a profitable place to invest in real estate in Cyprus.

are special picnic spots for this purpose in the park, as well

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PA RA L I M N I Paralimni is a small but very beautiful place in Cyprus. There is no coast here, so for a day on the beach you will need to head to the nearest coastal towns or villages (like Ayia Napa or Protaras, where properties meet all the requirements for a comfortable stay on the island), however, as a place of residence or a tourist route , Paralimni is a great choice.

Life in Paralimni is quiet and comfortable, and nothing drastic ever happens in this tiny town.

Cyprus real estate in Paralimni: Benefits for Living •

Location. Paralimni is the center of the eastern part of the island of Cyprus. The town is located 3 km from the coastline on a small hill, on the shore of a dried-up lake, and the name of the town itself, translated from Greek, means “by the lake”. The most popular beaches in Paralimni area are Fig Tree Bay and Green Bay.

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Atmosphere. The streets of the city are clean and well-groomed,

YOU R LO CAT IO N

with a lot of greenery - trees and bushes, though fewer flower beds. In the daytime, the streets of Paralimni are never crowded, and there is no such thing as traffic jams. The town comes to life in the late afternoon - it is at this time that children’s laughter, songs and casual conversations of adults are heard everywhere.

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Cyprus real estate in Paralimni. There are many villas in the town, as well as two- and three-story townhouses, but there are practically no multi-storey buildings. Real estate here is very comfortable and has everything you need for a good holiday.

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Infrastructure. In Paralimni you can find good sports shops, pizzerias, many children’s institutions and playgrounds. The numerous restaurants and taverns will spoil you with their delicious meals.

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Spirituality. There are many churches in Paralimni, bearing the names of saints - the Church of St. George, Demetrius, Virgin Mary and others. It is interesting to know that Paralimni is called the town of five churches in Cyprus, and the town center is called the Church square since it is here that the three main church buildings are located.

If you are planning to buy real estate in this part, you can be assured that almost all signs on the island are in two languages - Greek and English, so you will have no problem communicating and finding your way around.

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ISLAND LIFE | CYPRUS

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YOU R LIFEST YLE

Choose Your Lifestyle SE A F RO N T PRO PE RT I ES A villa on the sea front can be good both for your finances and your health.

Finally, that’s one thing to impress your guests with and make

as well as clinics, entertainment spots and shopping venues.

health. Not to mention the stunning uninterrupted sea

friends jealous by sending them selfies of yourself sipping

Having most government and business centres within close

views that sooth your eyes and enhance your dreams.

coffee on your sea view veranda))

reach would definitely help you grow your business easier and

CI TY CEN TER PROPERTI ES

faster or have better employment opportunities.

Architects know the importance of this, which is why

Beachfront villas in Cyprus, everyone’s picture like

so many beachfront villas in Cyprus feature open plan

dream, always have a high market value compared to

living areas and floor to ceiling windows.

other real estate. Their value tends to be stable even when the market is volatile. Moreover, the demand is

PANO RAM IC V IEWS

One of the undoubted benefits of living in the city centre

APARTMEN TS

in Cyprus is that you find yourself close to all the urban

Whether for reasons of affordability, location or amenities, if

amenities, the best medical and educational facilities in the

you choose to buy an apartment in Cyprus, it can be a perfect home or investment asset for you.

higher than supply because the Cyprus beachfront

Cyprus is famous for its stunning views! Whether it’s

country, enjoying a variety of live events and some fine dining

space is limited, meaning the resale value of these

the ever changing vastness of the Mediterranean, the

options. So if you are ambitious, like to be in the centre of

properties is incomparable.

misty velvet hills or the pine covered mountains, the

everything, enjoy the energy flow, want business opportunities

quaint little villages or the city scape, there is always

or better family care, this might be the option for you.

Again, because of the limited number of such

To start with, many residential complexes in Cyprus, especially in seaside towns and suburbs, will have a communal swimming pool, a playground, a gym and other amenities to enjoy, while

properties, beachfront houses in Cyprus are easy

plenty of properties that will sooth your eyes with

to rent both short term and long term at high prices.

amazing panoramic views. They can be both villas and

Cyprus beachfront property can always assure you

apartments, in either one of the island’s main cities,

of a steady rental income. That is, if you will not be

their picturesque suburbs or slightly more remote

tourist attractions, city dwellings will always have a steady

living there yourself or coming for frequent vacations,

locations.

demand for long-term and short-term rentals, and good resale

Additional safety would be another factor to consider when

which is a high probability because you will simply

Imagine opening your windows instead of turning

value. Colleges and universities, concentrated in city centres,

choosing an apartment in Cyprus. Most recently built

on a TV and admiring a view you chose as your

bring a good inflow of students looking for accommodation,

complexes have either a gated entrance, or a guard, or video

The advantages of sea front homes in Cyprus are not

backdrop picture. In a few weeks you would notice

and the employees of centrally located head offices and

surveillance, or a combination of a few, plus, a neighbor’s

limited to just profit, the environment itself also offers

your mood improving, your sleep getting better, the

corporations will always be looking to rent or buy city center

watchful eye is always an extra help.

plenty of health benefits. The effect of swimming in

overall disposition more happy and content. There

the sea or in your own pool, jogging along the coastal

are studies that panoramic nature views improve a

If you are buying for personal use, then family and business

plan, which means spacious, airy layouts combining the

path, sunbathing, breathing in the salty sea air and

person’s physical and mental health and are even

reasons would be at the top of your priorities list, as the city would

kitchen area with living and dining rooms. Balconies are

feeling relaxed to the sound of the waves can’t be

used in some rehabilitation programs.

be able to provide the best schools, colleges and Universities,

normally large, to allow the residents to enjoy the views and

love the lifestyle.

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overestimated for one’s mental, emotional and physical

ISLAND LIFE | CYPRUS

Investment wise, the city properties in Cyprus might not bring you such a high edge as some other options but it will sure be a secure investment. Unlike seasonal occupancy of

apartments in Cyprus.

some of the modern luxury towers and apartment complexes in Cyprus would take that to a whole new level and offer restaurants, spa, boutiques, concierge services and more.

With a very few exceptions, Cyprus apartments are open

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the outdoor Mediterranean lifestyle, as well as give an extra storage

Your future Cyprus villa can be a free standing home with its own

space if that is needed. Having said that, most apartment blocks

unique style or belong to a complex of houses, which also has its

in Cyprus would have an allocated storage on the ground floor for

advantages, such as additional safety and security, communal

each apartment. Parking is never an issue, as each flat will have at

amenities, property management etc.

least one free parking lot on the ground floor or underground level.

More often than not, your villa in Cyprus will have a private swimming

Apartment rental market is Cyprus is always active, so your

pool, a BBQ area and plenty of outdoor terraces to enjoy the warm

investment will always bring you good return if you don’t plan to

Cyprus evenings entertaining your guests or relaxing on your own.

live there yourself.

Needless to say, that villas in Cyprus are always in high demand in the

V ILLAS

rental market, both short term and long term, so not only can it be

A villa on a Mediterranean island is, probably, a dream for many. And Cyprus doesn’t disappoint. Unlike many overpopulated countries with mostly urban developments, the country has plenty of land for private villas in different locations.

your home under the sun but also a wise and profitable investment.

CO NT EM P O RARY ST YLE For decades the architecture in Cyprus was quite traditional, with a mixture of classical and Mediterranean features. However, recently

You could select premium villas in Cyprus, where you could enjoy

the property market has changed significantly both in quality and

uninterrupted sea views, generous plots, swimming pool, landscaped

style. The developers are inviting world renowned architects and

garden and other luxuries, or go more on a budget but still live

engineers to design a new generation of island homes and the

comfortably in your own little heaven in a southern country. In

local design geniuses follow the trend as well. The contemporary

terms of location and style, there is a vast variety of options – from

properties in Cyprus are characterized by the use of natural materials

luxury sea front beauties to quaint country houses, from mountain

like stone, concrete, wood and glass, huge windows that allow for

chalets to suburban practical homes, from traditional design to

maximum views and blend the interior with the outer areas, clear

contemporary and ultra modern.

modern architectural lines, often asymmetrical shapes etc. Needless to say, the quality standards have stepped up as well and are in line with European guidelines.

GATED COMMUN I TY

GOLF PROPERTI ES

what they want and are prepared to pay for it, the standards of the

One of the primary reasons people choose to live in a gated community

It is a common belief that golf resort properties are mostly loved and

Cyprus real estate market have improved drastically. Yesterday’s

in Cyprus is for safety and security. Only residents and verified

chosen by golfers. However, it is not always the case and you don’t

luxury is today’s standard.

guests can enter through the guarded or electric security gates,

have to be a golfer to enjoy the benefits of a golf course property

providing for safety, accountability, and privacy. There would also

as it is a great investment opportunity.

With the inflow of HNWI international buyers on the island, who know

Contemporary homes in Cyprys create and maintain a harmonious balance between design, structural efficiency and overall aesthetic value. They utilize space as efficiently as possible and bring harmony to the entire structure. This includes maximizing airflow and minimizing transitional spaces, extending the indoor space into the surrounding environment, giving extra attention to natural light levels. A good contemporary home design will consider space both in and around the house and the local environment.

Moreover, in modern homes energy and environmental efficiency often comes as top priority. This means smart usage of materials,

normally be CCTV cameras for 24/7 surveillance, electronic fences, intercom systems and so on. Extra privacy is equally important. As the community only gives access to residents and invited guests, you can have your own space away from any hustle, intruders or

an edge over other properties in the market.

Residential golf course properties in Cyprus generally have eco-

about the outside world.

friendly and modern master planning and flawless design, as well

Usually gated community in Cyprus provides access to amenities such as golf course or tennis courts, as well as swimming pools and gyms, restaurants and mini-markets etc.

insulation, air conditioning, air flow, recycling energy wherever

Families with children especially benefit from living in Cyprus gated

possible and so on. These major aspects of a home design can save

community. Since there are no open roads with moving traffic, it is

you money and, in the long run, help the planet.

safer to allow your kids to play outdoors; you wouldn’t have to worry set for the kids to play, it is also easier for parents to monitor them.

ISLAND LIFE | CYPRUS

property is a smart investment. The exclusivity and prestige give it

trespassers and go about your daily life without having to worry

about them bumping into strangers either. With communal areas

26

Considering the long term benefits, investing in a residential golf

as immaculate quality attached to the prestige of this real estate niche. If you ever decide to put your home up for sale, you may find that the resale value is excellent, because homes within golf course communities in Cyprus are highly sought after. The value holds strong because of the view, the amenities, and the overall atmosphere.

It may seem that residential golf properties in Cyprus are highly overpriced, but this is actually not true considering the multiple advantages, including both the value and the lifestyle. Golf resorts residents are generally happy to have paid a small premium to live in

27

such a spectacular environment and have a far healthier and happier lifestyle. Moreover, you are guaranteed stunning views, immaculate greens and fresh air all year round.

COU NT RY LIV ING Rural areas are havens for those looking to live in a private and safe environment.

And of course, if you are indeed a keen golfer, then investing in a Cyprus golf property would be the best decision ever. Property owners always have preferential rates and times over normal club members and players, and a lot of courses offer good discounts for family

Cyprus, with its mild winters and available infrastructure, steady inflow of tourists and well established construction sector is a perfect place for developing golf industry and can already offer some amazing golf properties.

HIGH R ISE

interior solutions from world-famous designers, high-level technical

infrastructure in most rural areas, so you would not be left without

equipment, and, most importantly, they give their owners privacy.

electricity, Internet or food supplies. Plus, considering the size of the island, all locations are not far between and a short drive will

Being away from the city means you enjoy pollution-free

take you to the nearby town for more amenities and wider shopping

environment, fresh air, quiet atmosphere, safety and hospitality

opportunities.

of the neighbours.

Overall crime is significantly lower in the villages than in cities

members and guests as well.

Unlike many other countries, Cyprus has a well developed

and the people are generally more happy and friendly (which is no wonder, considering that they live in such peaceful and healthy conditions).

PEN TH OUSES The penthouses in Cyprus are not just uppermost floor apartments in high rise buildings, but also apartments located on the top floors of 5-6-storey buildings. They offer marvelous panoramic views of the mountain or the Mediterranean Sea, or city panorama.

Another advantage is the affordability of the country properties

Such apartments have all qualities of penthouses in the classic

in Cyprus. If you are happy with the lifestyle and want to enjoy

sense like first-line location by the sea, roof gardens and pools,

The Cyprus penthouses are mostly accumulated in Limassol, however there are also very interesting projects in Nicosia, less in Larnaca and Pafos. The penthouses of Cyprus are famous for their unforgettable panoramic views, no matter where they are actually situated. To select the best penthouse in Cyprus, you should consider the preferred view, the infrastructure, and also the security level. Walking distance to the sea or sea front is always a huge benefit on the island, even though distance to shopping and leisure centers, schools, clinics, kindergartens and other facilities are equally important.

the benefits of living out of town, you are more likely to have a

The major advantage of living in a high-rise tower is that it gives you

more comfortable and spacious housing to yourself than you

unobstructed scenic views. And, in case of Cyprus, these scenic views

could have ever afforded in the city.

are often uninterrupted sea views. Imagine that!

Apart from the views, apartments on higher floors in Cyprus often have a more open and airy feel, with plenty of sunlight, providing excellent natural ventilation and fresh air.

Location wise it is also quite advantageous, because Cyprus high-rises are usually located in prestigious neighbourhoods that offer good connectivity and security. Moreover, the towers usually represent gated communities equipped with modern security features and an array of amenities. They would definitely have a communal swimming pool with a nice relaxation area, often located on the roof, a gym, often a SPA and even resident’s only clubs, lounges and other facilities.

Some complexes would have public plazas and commercial areas on the ground floor with restaurants and boutiques.

As for seismic and fire safety, most tall buildings in Cyprus are able to withstand earthquakes of up to 5 on the Richter scale. The government is extremely strict about it and no high rise building would have received the building permit without having the necessary safety provisions and evacuation procedures in place, both for seismic and fire regulations. And this can only be achieved by serious reputable developers that employ the best specialists to perform such a project.

So there is nothing to worry about.

The Cyprus high rise tower is the synonym of luxury. Therefore, you are guaranteed to have the neighbours that are of the equal status and the level of services you can expect from a luxury residential complex or a 5* hotel.

28

ISLAND LIFE | CYPRUS

29

Vavilova Medical Center

Blue Cross Medical Center

Louki Akrita 8, office 202 and,

51, Demokratias, Avenue,

Louki Akrita 9, Limassol 3030, Cyprus

Pafos, 8062, Cyprus

vavilovaclinics.com | +357 25 344 454

bluecross.com.cy | +357 26 221 111

Aretaeio Hospital

Ygia Polyclinic Outpatient Services Center

55-57 Andrea Avraamides,

Vasilieos Georgiou II, Pafos 8010, Cyprus

Strovolos, Nicosia, 2024

ygiapolyclinic.com | +357 26 821 500

aretaeio.com | +357 22 200 300

Agapinoros 68, Pafos 8049, Cyprus

20, Lefkotheou Avenue,

elpis.com.cy | +357 26 953 000

Strovolos, Nicosia, 2054 apollonion.com | +357 22 469 000 Hippocrateon Private Hospital 10 Psaron Street, Engomi, Nicosia, 2408 hippocrateon.com | +357 22 502 000 Nicosia Polyclinic 22 Achaion Street, Nicosia, 1101 nicosiapolyclinic.com | +357 22 780 780

Medical Facilities

Elpis Medical Centre

Apollonion Private Hospital

American Medical Center 215,Spyrou Kyprianou Avenue, Strovolos, Nicosia, 2047 amc.com.cy | +357 22 476 777 Evangelistria Medical Center 1 Michael Giorgalla, Nicosia, 1095

Santa Marina Ayia Napa Medical Center

Michaelides Medical Center

evangelistria.eu | +357 22 410 100

katalymaton 14, Ayia Napa 5330, Cyprus

53 Konstantinou Paleologou, Avenue Kassianos court

Ledra Clinic

santa-marina.com.cy | +357 23 811 999

No.3, Flat 202, Larnaca 6036, Cyprus

19 Pindarou Street,

Saveco Health Centre

michaelidesclinic.com | +357 24 254 055

Agios Antonios, Nicosia, 1060

Nissi Avenue 26, Ayia Napa, Cyprus

Limassol Children’s

ledraclinic.com | +357 22 816 600

savecohealth.com | +357 23 816 512

Medical Center - LCMC

ISIS clinic

St. Raphael Private Hospital

Georgiou Griva Digeni 91,

6 Ioannis Clerides Street,

25 Gordiou Desmou,

Limassol 3101, Cyprus

Nicosia, 1070

Larnaca, 6045

+357 25 345 755

isisclinic.com | +357 25 576 000

st-raphaelhospital.com | +357 24 840 840

Mediterranean Hospital of Cyprus

Iasis Hospital

ScalaMed Medical Center

Stigos 9, Limassol, 3117

8 Voriou Ipirou Street,

Nicou Demetriou 36, Larnaca, Cyprus

medihospital.com.cy | +357 25 200 000

Pafos, 8069

+357 24 505 600

Iaso Medical Centre

iasishospital.com | +357 26 848 484

Vasili Michaelidi 13, Limassol, Cyprus

Evangelismos Kings Medical Centre

iasoivf.com | +357 25 345 550

Tombs of the Kings Avenue, Pafos, Cyprus

Saint George Private Hospital 29, Eleftheriou Venizelou, Pafos, Cyprus stgeorge-hospital.com | +357 26 947 000 Pafos General Hospital Achepans, Pafos 8026, Cyprus shso.org.cy | +357 26 803 100 Pafos Medical 24 Poseidonos Avenue, Avanti Village, Shop 9, Kato Pafos, 8042, Cyprus pafosmedical24.com | +357 26 960 020 Santa Marina Taki Sofocleous 5, Paralimni, Cyprus santa-marina.com.cy | +357 23 811 999 Amochostos General Hospital Ippokratous, Paralimni shso.org.cy | +357 23 200 000 Santa Marina Protaras Medical Center Pernera 89, Protaras, Cyprus, Paralimni 5291, Cyprus santa-marina.com.cy | +357 23 811 999 Limni Medical Center Limni Medical Centre, Soteras Avenue 6, Paralimni 5286, Cyprus +357 23 829 999 Lito Private Hospital Avenue, Soteras Avenue 8, Paralimni 5312, Cyprus litohospital.org.cy | +357 23 811 111

evangelismos.com.cy | +357 26 222 222

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ISLAND LIFE | CYPRUS

31

I N TERN ATI ON AL SCH OOLS

Education For those with children or those planning to start a family, choosing the right school is an essential consideration.

With such variance in education, you naturally want to make sure your child is getting the right experience, the best one for helping them to grow and succeed. Cyrus has numerous public and private schools that makes picking hard…only because there are many great options! Below is a selection of schools ranging from state to private international schools to help you begin your search.

32

ISLAND LIFE | CYPRUS

The International

Logos School of English Education

Xenion Education

School Of Pafos

Gialousas, Limassol, Cyprus

Avenue, 1st April 55,

Aristoteli Savva 100,

logos.ac.cy

Paralimni 5281, Cyprus

Pafos 8060, Cyprus

+357 25 336 061

xenion.ac.cy

Pafosinternationalschool.com

American Academy Limassol

+357 23 811 080

+357 26 821 700

Despoinas Pattichi 24,

Waldorf School of

American International

Limassol 3071, Cyprus

Limassol - Primary school

School in Cyprus

americanacademy.ac.cy

Lefkas 7 3070,

Kasou, Nicosia, Cyprus

+357 25 337 054

Limassol, Cyprus

aisc.ac.cy

The English School

waldorfcyprus.org

+357 22 316 345

Presidential Palace Road

+357 96 116 120

The Heritage Private School

and Kyriacou Matsi Strovolos

The Grammar School, Limassol

Palodia 4549, Cyprus

1082 Nicosia Cyprus

Limassol, Cyprus

heritageschool.ac.cy

englishschool.ac.cy

grammarschool.com.cy

+357 25 367 018

+357 22 799 300

+357 25 727 933

The American Academy

IMS Private School

Franco-Cypriot School

Nicosia Cyprus

Ioannou Tsirou 1,

Konstantinou Kavafi 20,

3A Michael Parides Street,

Limassol 3021, Cyprus

Aglantzia 2121, Cyprus

Nicosia, Cyprus

ims-edu.com

efcn.info

aan.ac.cy

+357 25 333 003

+357 22 665 318

+357 22 664 266

Med High Private English School

TLC Private School

Silverline Private School

Kilkis 10, Larnaca 6015, Cyprus

St Georges Road Peyia,

Griva Digeni,

medhigh.com

Pafos 8560, Cyprus

Trachoni, Cyprus

+357 24 664 733

tlccyprus.com

silverlineschool.com

Aspire Private British School

+357 26 910 226

+357 25 716 361

Tombs of the Kings Avenue,

Pascal English School

The Falcon School, Cyprus

Pafos 8046, Cyprus

Polytechniou Street, 2,

Iroon 2, Strovolos, Cyprus

aspireschool.ac.cy

Aradippou 7103, Cyprus

falconschool.ac.cy

+357 26 623 606

pascal.ac.cy

+357 22 424 781

The English School of Kyrenia

+357 22 509 300

Foley’s School

Bilim Sokak, Beylerbeyi 99320

The Grammar School, Nicosia

Nikis Avenue 2,

englishschoolkyrenia.com

Deftera, Cyprus

Limassol 4108, Cyprus

+90 392 444 03 75

grammarschool.ac.cy

foleysschool.com

+357 22 695 695

+357 25 887 777

33

UNIVE RSITIES A N D CO L L EGES University of Cyprus

Neapolis University Pafos

Kallipoleos 75, Nicosia 1678, Cyprus

2 Danais Avenue,

ucy.ac.cy/el

Pafos 8042, Cyprus

+357 22 894 000

nup.ac.cy

Cyprus University of Technology

+357 26 843 300

Archiepiskopou Kyprianou 30,

Cyprus College

Limassol 3036, Cyprus

Diogenous 6, Egkomi 2404, Cyprus

cut.ac.cy

+357 22 713 000

+357 25 002 500

The Cyprus Institute

University of Nicosia

20 Konstantinou Kavafi Street, 2121,

46 Makedonitissas Avenue, CY-2417

Aglantzia, Cyprus

P.O. Box 24005, CY-1700

cyi.ac.cy

Whether you’re looking for new adventures

By consulting the experts and taking a few

Nicosia, Cyprus

+357 22 208 700

or want to cash in on your investment,

easy steps, you can make this a seamless

unic.ac.cy

Open University of Cyprus

selling a house is serious business. It can

process and ensure you get the best price

+357 22 841 500

Giannou Kranidioti 33,

be a challenging process that takes time,

for your property.

European University Cyprus

Latsia 2220, Cyprus

energy and a diligent eye on the whole affair.

Diogenis Str 6 Nicosia, 2404, Cyprus

ouc.ac.cy

Euc.ac.cy/en/

+357 22 411 600

+357 22 713 000

The Cyprus Institute

UNLOCK THE POTENTIAL IN YOUR PROPERTY BY SCANNING

Cyprus International University

of Marketing - Nicosia

THE QR CODE TO FIND OUT MORE TODAY!

99258 Nicosia, North Cyprus

Filiou Zannetou 25,

ciu.edu.tr/en

Nicosia, Cyprus

+90 392 671 1111

cima.ac.cy

Frederick University

+357 22 778 475

Limassol, Cyprus

Cyprus International Institute

Mariou Agathaggelou 18, Limassol

of Management

3080, Cyprus

3-5, Chaidariou Street,

frederick.ac.cy

Limassol, 3020, Cyprus

+357 25 730 975

ciim.ac.cy

Sell Your Property W I TH TH E E X PE RTS

+357 25 878 782 University of Central Lancashire University Ave 12-14, Pyla 7080 uclancyprus.ac.cy +357 24 694 000

34

ISLAND LIFE | CYPRUS

35

YOU R LO CAT IO N

What are the taxes when buying property in Cyprus?

VALUE O F THE P RO P E RTY ( €)

RATE ( %)

€5.000

0

€5.001-€170.000

0,15

More than €170.000

2

VAT PAYABLE ON PROPERTY Since Cyprus’ EU accession in 2004, a standard VAT rate of 19% is required to be paid when buying a new property.

However, following a recent VAT Amendment Law, a reduced VAT rate, starting from 5%, is applicable for the acquisition of new residential properties.

For the reduced rate to be in effect, certain terms and conditions must be met: 1. The property must be used as the primary and permanent residence of the applicant (for the next ten years).

2. The applicant has not acquired any other residence in Cyprus with a reduced VAT rate.

3. The applicant must be an individual, over 18 years old, thus Cyprus has proved to be an increasingly popular destination by foreigners for the acquisition of real estate

The reduced VAT rate of 5% is applied on the first 200 square

relatively low cost of living, the high quality of lifestyle, the favourable policy to obtain a permanent residence

meters of the property as per the architectural plans submitted

through the acquisition of real estate and the fact that Cyprus is one of the top destinations for retirement.

to the Authorities. On the remaining square meters, the

The taxes levied for purchasing immovable property in Cyprus are very low compared to other comparable

standard rate of 19% is imposed.

jurisdictions and are as follows:

36

legal entities are excluded.

for a plethora of reasons. The continuing demand for property is attributed to many factors, including the

ISLAND LIFE | CYPRUS

*The above law is valid at the time of compilation

37

Capital Gains Tax On any financial gains from disposal/sale of Immovable Property situated in Cyprus, Capital

AN NUA L P ROP E RT Y TA X ES & F E ES IN CYPRUS

The transfer fees are due for payment when the transfer of the Title Deed in the name of the Purchaser takes place. The Purchaser is solely responsible for the payment of the Transfer

Immovable Property Tax

Fees. The rates are on a graduated scale.

There is no immovable property tax. The tax is abolished from the 1st if January 2017.

Local Authority Fees

between €85 – €500 per annum for regular refuse collection, street lighting, sewerage and similar community services.

Communal Services fees are payable to the local municipal authority, where the property is situated.

Sewerage Tax The registered owner of the property is required to pay an annual Sewerage Tax, calculated on the market value of the property as at 1st of January 2013. Rates vary – on average around 150 – 200 per annum. Sewerage taxes are payable annually to the local sewerage board, where the property is situated.

Transfer Fees Transfer Fees are imposed by the Land Registry Office in order to transfer freehold ownership to the name of the Purchaser.

disposal of agricultural land by the farmer are exempted (subject to certain conditions).

Gains Tax will be imposed at the rate of 20% with

The first €85,430.10 of gains arising from the

the first €17,086 being exempt for each person.

disposal of a house used by the owner for his/her

The gain is the difference between the sales proceeds and the original cost of the property. In the

own habitation are exempted (subject to certain conditions).

case of a property which was purchased before 1st

The above allowances are not available separately

If the property is in joint names, then the purchase value is

January 1980, the gains are the difference between

and an individual claiming a combination of the

divided into two parts which results in reduced Transfer Fees.

the sales proceeds and the market value of the

above allowances is only allowed a maximum

property as of 1st January 1980.

lifetime allowance of € 85,430.10

The Seller is entitled to a further allowance regarding

Cyprus residents and companies registered in

the Transfer Fees paid, Inflation Rate per year and

Cyprus are subject to Capital Gains Tax when

the cost of any additions made to the house.

disposing their property, wherever it is, in Cyprus

So to give you an example:

Depending on the size of the property, local authorities charge

The first €25,629.02 of gains arising from the

If an individual or a couple buys in their joint names a house for €700,000, the taxes will be as follows: If buying as an individual: •

Transfer taxes will be: €24,600

•

Stamp Duty: €1,308

•

Total : €25,908

If the couple is buying on joint names then: •

Transfer taxes will be : €21,200

•

Stamp Duty: €1,308

•

Total: €22,508

There is no transfer fees in case property was bought with VAT.

Gains from the disposal/sale of a private residence/ dwelling house are exempt up to €85,430 in total if the owner resides in it continuously for at least five years prior to disposal/sale.

Capital Gains tax is levied at the rate of 20% on gains arising from the disposal of immovable property or the disposal of shares of companies the assets

1.5%

original cost of the property. Interest on payments paid for the acquisition, additions to the property

Capital gains tax as a whole has minimal effect, following allowances and inflation, tend to leave

2.5% Individuals are entitled to the following lifetime

from 170,001 and over

4%

The following categories of immovable property disposals are exempted from the Capital Gains Tax:

2. Gifts between relatives up to third

difference between the sales proceeds and the

little excess. from 85,001 to 170,000

through a Cyprus registered company.

As a general rule, the gain is calculated as the

since the appreciation of values, coupled with the up to 85,000

the purchase of the immovable property is effected

1. Transfers by reason of death

Government, are deducted form fees.

T RAN S FER FEE RAT E (% )

Capital Gains Tax can be reduced significantly if

of which consist mainly on immovable property.

and inflation rate, as published yearly by the

VALUE O F T HE P RO P E RTY ( € )

or overseas. However, under certain conditions,

degree of kindred 3. Gifts to limited liability companies when, at the time of transfer and for a period of five years following the transfer, all the shareholders of the company are members of the family of the donor 4. Gifts by family companies to their members, but only in cases where the property transferred, was obtained by the company as a gift 5. Exchanges of immovable properties

allowances on Capital Gains Tax:

6. Compulsory acquisitions

The first €17,086.00 of gains arising from the

7. Gifts to charitable institutions

disposal of any property are exempted.

8. Gifts to charitable institutions or the Republic of Cyprus

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ISLAND LIFE | CYPRUS

39

Process of buying Property in Cyprus Important Note:

Non-EU citizens are given permission to buy only one apartment or one house or a building plot or land. In the

Cypriots & EU citizens living in Cyprus

case of EU citizens the property size can be unlimited

STEP 1

STEP 3

Your Homework

Prepare for Your Visit to Cyprus

Understand your needs and make your homework prior to visiting the island. We recommend to use licensed real estate brokers who have full knowledge of the market and can guide you to find best property that fit your requirements.

•

What is the approximate budget allocated for your purchase?

•

How many bedrooms do you need?

EU citizens are treated as equal to Cypriot citizens,

•

What is the desired type of property - apartment, townhouse or villa?

regardless of their residential status.

offices and is obtained when a person resides in Cyprus for a total period of 185 days per year or more.

•

below) and the property has been registered in the name of the purchaser, there are no other restrictions

EU citizens not permanently living in Cyprus & Non

for foreigners who are the owners of immovable property

EU citizens

in Cyprus. They may sell or dispose of the property as they wish. The foreigner owner of an immovable property

Cyprus on visa-free travel shall apply (either on their own the Embassy of the Republic of Cyprus in their country to

square meters (the equivalent of three donums)

After the permission has been obtained (see point 3

Nationals of the countries that have no agreement with

a number of questions:

origin as well as EU citizens who have their permanent

The residential status is ascertained by the District

Make inquiries whether you will need a visa to visit Cyprus.

or through a tour operator) to the consular department of

and in the case of non-EU citizens it can be up to 4,014

without any restrictions.

Visa

Your purchase process will be a lot easier if you answer

Under Cyprus Law, Cypriots or persons of Cypriot residence in Cyprus are allowed to acquire any property

or Online Appointment

•

•

Do you have any preferences for the region

single or multiple visa.

Hotel Reservation We are ready to assist you in hotel reservation in Cyprus at our preferential corporate rates.

STEP 4

of Cyprus?

Viewing & Selecting Properties in Cyprus

Where do you want to live - in the city, in the suburbs

On your arrival you will meet your Personal Property

or in the countryside?

Expert. In the course of communication your

What is the purpose of property acquisition -

can sell it and buy another and as any bona fide repeat

permanent residence in Cyprus, holidaymaking

purchaser will be granted a subsequent permit.

or investment?

•

obtain a visa. You could also visit Cyprus by a Schengen

Do you need proximity to urban infrastructure?

For example, will your children go to school? Or will you work in the city, in the office?

STEP 2 KYC Documents

requirements towards property will become more specific and will be more thoroughly discussed and opinions will be exchanged. Your Property Expert will show you those properties that have been discussed at previous stages.

STEP 5 Hire a Local Registered Lawyer We always recommend to use a local Cyprus Bar Association registered Lawyer. Your legal adviser will

Check that you can obtain required documents for

guide you through the legal process and help you avoid

the bank

any potential pitfalls.

All property transaction fall under AML directives and banks, lawyers and property brokers are required by law to make KYC procedures. You will be required to provide source of funds documents in order to purchase property in Cyprus. Source of funds documents examples are tax returnes, company financial statements, salary slips, etc.

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ISLAND LIFE | CYPRUS

41

ST E P 6

ST EP 7

STEP 9

•

The customer takes bank mortgage

Reserving a Property

Signing Sale Agreement

Delivery of the Property

•

The property is under construction

A customer pays a deposit for the selected property.

In a month’s time the customer receives information from the

Right after that the customer enters into ownership of his/

•

The customer buys resale property which is not subject

Normally the deposit comprises some percentage

lawyer that the contract is ready and the transaction has been

her property and receives the key. The phase of property

of property value (on average 5.000 – 10.000 Euro).

approved. The customer either arrives in Cyprus to sign the

equipping begins.

Upon payment the property will be withdrawn from the

Sales Agreement, the Customer can sign in the his country

market and reserved for the customer for approximately

or the Lawyer can sign based on the Power of Attorney.

one month.

ST EP 8

Simultaneously the customer will enter into a contract with a Cyprus lawyer for legal support of the transaction. The customer will issue the required Powers of Attorney to the lawyer as well. Thereafter the customer returns home.

As a rule property is reserved for a customer for a month’s time. During that month the lawyer performs the following actions:

Land Registry

Checks the documents for the property

•

Exempts the property from encumbrances, if any

•

Drafts Property Sales Agreement and has it approved

for the property after an overall inspection of the built

•

The customer signs the Sales agreement not in Cyprus but abroad (he receives it by speed post, signs it and sends back also by speed post).

property.

- Once Title Deed is obtained the customer pays Transfer fee and becomes a registered home owner.

After the signing of the sale agreement the Customer makes

The above scheme may vary depending on the specific

first payment towards the purchase price. For new properties,

conditions. Adjustments should be made if, for example:

first payment is around 30-40%. Upon payment the lawyer carries out the following: •

•

by the parties to the transaction.

First payment, stamp duty and registration in the

- Governmental body – Land Committee – issues Title Deed

to VAT

Stamping the Sales Agreement with simultaneous payment of Stamp Duty

•

Depositing the Agreement with Land District Office

•

Right after depositing the Agreement the lawyer carries two more actions: - The lawyer sends a request to obtain permission from the Council of Ministers of Cyprus for property acquisition. Essentially this is a mere formality. Only two points are checked – the customer shall have no problems with the Law (his/her name shall not appear in Interpol lists) and the purchased property shall be the first (for nationals of the countries that are not members of the EU) - The lawyer prepares application for reduced VAT rate (5%)

•

Once the application for 5% VAT is approved, the customer transfers the balance money to the developer

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ISLAND LIFE | CYPRUS

43

Cyprus

Incomparable exposure CYP RUS

CYPRUS -SOT HEBYS R EALT Y.CO M

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ISLAND LIFE | CYPRUS

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Cyprus Living

CY PRUS LI VI N G:

Your Guide to Home Building and Architecture Cyprus is the land of the sun and the land of love. Year-

Whether you plan to call the bustling capital city of Nicosia

round, those living on the island are greeted by bright rays

your home or you are inclined toward the tranquility of the

of sunshine, the perfect accompaniment for taking part in

waters of Famagusta, there is something for any flavor on

the wealth of outdoor activities on this Mediterranean gem.

this beautiful island.

Whether strolling along the pristine beachline or hiking a nearby nature trail, Cyprus calls people from around the globe, inviting them to come, relax, and stay a while.

As you consider building your dream island home in Cyprus, you’ll be faced with decisions about your location, property design, and architectural style. Let’s take a look at how

Not only does the natural beauty of Cyprus entice visitors

you can navigate the sparkling waters of home building

to consider a long-term stay, but the incredibly rich culture

in Cyprus.

and cuisine of the island are reasons enough to purchase a rolling estate or luxury condo here. The constant hub of events and activities makes it easy to fill your calendar with memorable moments.

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ISLAND LIFE | CYPRUS

49

LOCATION BY L I F EST YL E Building a new home in Cyprus allows you the opportunity to construct the home precisely as you want. You will not be constrained by existing structural requirements or limitations.

Rather, you can dream as big or as small as you wish with every dream turned into reality.

Getting to know each region can help you decide which area

What you should consider when renovating or

features the lifestyle you prefer. While walls can be knocked

remodeling your home.

down and landscaping rearranged, the area you choose will become the most permanent feature of your new home. Plan

There is, in fact, only one thing you cannot change about

to schedule a tour through each region, getting to know the

your new home — the location of your property. For this

vibe, energy and amenities.

reason, location is one of the most important aspects to

Before beginning any project, you should have a clear understanding of your needs and budget. Keep a realistic timeline as everything takes a bit longer in Cyprus.

A SPACE TO REFLECT TH E BEAUTY OF CY PRUS

Assess the property's condition in order to determine

lifestyle preferences. Do you prefer strolling in the countryside,

As you design your island home in Cyprus, you have the

manager who understands the processes, authority

swimming in the ocean waters or taking part in an event at

perfect opportunity to create a space that reflects the

requirements, and certificates you'll need, and who can

a nearby art gallery?

elements of the island you love the most. Many of the area’s

handle the day-to-day flow of construction (suppliers,

most stunning properties are constructed to showcase the

deliveries, schedule).

consider when constructing a new building. Choosing the right region to purchase property in all comes down to personal

The island of Cyprus features five distinct regions: •

Pafos

•

Lemesos

•

Nicosia

•

Larnaca

•

Famagusta

incredible beauty of the island.

the amount of work needed. Next, hire a project

Make sure that everything is built or installed according

There are numerous ways in which you can implement

to the design team's instructions. In order to achieve

Cyprus into your design. To begin with, ask your construction

the desired outcome, follow all specifications and

team about materials that are native to Cyprus. For example,

technical drawings provided by them.

red brick has long been a popular choice for local homes.

You can also look into stones, woods, and shell rocks to customize your home to become harmonious with surrounding landscapes.

Next, consider what outdoor elements will add to the Cyprus feel of your home. For landscapes along the ocean, large windows that overlook the water will showcase what makes your home’s location unique. For rolling estates, incorporating the stunning local flora and fauna can add a unique island appeal. Small condos and apartments can be

It is imperative that your design team is knowledgeable about all the structural, mechanical, and electrical implications of your property, so there are no problems during the construction phase.

In order to avoid delays and ensure the quality of the work, it is advisable to follow the recommended teams that have been appointed by the designer since they have the necessary relationships to deal with any delays.

designed to feature patios and rooftops with local stonework

Whenever hiring a design team, we also recommend

and open space concepts that invite guests to enjoy views

you read their reviews or testimonials, and seek

of the island.

references from previous clients.

The overall goal of your design should be to reflect what

Roomzly Cyprus | 00357.2536.6303

makes Cyprus unique while adding all the premium amenities

roomzly.com

you love.

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ISLAND LIFE | CYPRUS

51

Greek Neoclassic Stately lines, stunning bright white exteriors and beautiful domes resting atop flat open space rooftops all come together to create the globally recognizable Greek Neoclassic architectural style. This style is a wonderful accompaniment to Cyprus, with a focus on creating a structure in harmony with nature.

Why It’s Popular?

Sophisticated elegance pairs with a focus on making the most of the wonderful climate of Cyprus with Greek Neoclassic style homes. This design is a popular choice, with the lovely blend of blues mimicking the waters of the sea. Often featuring expansive rooftop spaces, a Greek-style home is a natural fit

P OPUL A R CY P RUS LUXU RY H O M E ST YLES When it comes to choosing the architectural style for your build on Cyprus, there are no limits to what you can envision.

for an island focused on time spent under the sun.

Modern Minimalist

Working with a local, experienced team can afford you the chance to blend multiple styles together or stick to your own

Old World charm may have dominated the homes of the island

personal favorite. The following are some of the popular options for Cyprus.

for years, but today, there’s a new style emerging. The modern

Mediterranean Charm

Why It’s Popular?

minimalist design is focused on simplicity, allowing the natural

Perhaps one of the most common and widely chosen styles

With the location of Cyprus, Mediterranean-style homes are

Homes featuring a modern style use clean lines, open layouts

of luxury homes in Cyprus is the Mediterranean. Heavily

an easy fit. This style is particularly popular for large estates

and a simplistic approach to detailing.

influenced by Spain and Italy, Mediterranean homes are

on the island. The harmonious blend of interior and exterior

designed to bring all the charm of the Old World into the

design creates a sun-soaked, seaside vibe that matches the

modern day. This rustic style of architecture features intricate

spirit of Cyprus.

beauty of the island to become the focal point of the design.

Why It’s Popular?

The modern minimalist style of home is increasing in popularity

tiling, stunning wood accents, and a huge focus on the

in Cyprus due to the design’s focus on letting the light of

blending of indoor and outdoor living spaces.

the sunshine-laden island into the home. These homes are equipped with the latest and best in amenities while remaining selective in design elements. The result is a bright space that focuses on the beauty of Cyprus rather than relying on ornamental design.

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ISLAND LIFE | CYPRUS

53

Living on the island of Cyprus is a truly unique experience. The rich culture of the island, paired with the stunning natural beauty of the land, creates a lifestyle unlike any other. Whether you are settling into a home in a bustling city center or along the coastline of the seaside, residing in

Cyprus

Cyprus offers you the chance to embrace a luxury form of living unique to this Mediterranean gem.

With the unique elements of living in Cyprus, many homes in the area are specifically constructed to showcase the best of the island. From floor-to-ceiling windows overlooking sparkling waters to rooftop patios boasting the energy of the town, the homes here are designed to blend indoor and outdoor living in a unique way. The goal is to allow for the ultimate enjoyment of what makes the island unique.

In addition to the exterior design of your home, the style of your interior will play a vital role in connecting you to the local land. Each element resting in your home will add or detract from the island’s energy. If you are interested in revamping your Cyprus dream home, check out our top tips for incorporating the beauty of the island into your home’s interior design.

CYPRUS L I V I N G:

Interior Design Tips for Your New Island Home

Living

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ISLAND LIFE | CYPRUS

55

C HO OS ING YOU R P ERSO NAL FLAIR Walk into a condo in the city or a rolling estate in the countryside of Cyprus, and you’ll quickly notice that the style of each property is a clear reflection of what the residents love most about their island home. When you are considering an upgrade to your Cyprus home’s interior, make sure to think about what style will reflect your own personal flair.

This is the perfect opportunity to reflect on what brought you to Cyprus. Was it the beautiful blues of the ocean water? Did the mouth-watering cuisine featuring local ingredients draw you to the island lifestyle? These elements can become a part of the style you decide on for your interior design.

As you feel your own inspiration and creativity growing, use the following ideas as jumping-off points for your Cyprus home.

M O DER N M INIM ALIS M FO CUS ED O N OU T DO O R B EAU T Y Look around the homes in Cyprus, and you’ll notice a common design theme emerge — modern minimalism. This interior decor style is all about using less to create more. Open-concept homes and condos are the perfect fit for this style. This is the perfect pick if your love of Cyprus is focused on clean living, simplicity and the beauty of nature.

Think calming blues and muted earth tones paired with natural materials and a lack of clutter.

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ISLAND LIFE | CYPRUS

RUSTIC CHA R M FO CUS E D O N FAM ILY A ND F R IEN DS If you are the lucky owner of a sprawling Mediterraneanstyle estate, this is a perfect interior design to consider.

Rustic designs use earthy elements to create a rich,

When possible, source your furniture locally. Cyprus is home to an array of incredible artisans, and local pieces will feature high-quality craftsmanship. This will also add to the unique appeal of your Cyprus home, showcasing the island’s style and natural elements.

Instead of the clean lines of minimalism, rustic homes

I M PLEM ENT ING T HE R IG HT A M OU NT O F DECO R

in Cyprus use the rugged beauty of natural elements to

Once your furniture is in place, it’s time to choose

create eye-catching designs. Large wooden tables for

accent pieces for walls, floors and shelving. Make sure

hosting family and friends and cozy outdoor seating

that the decor you choose fits the space. For a modern

combine to create a home focused on others. This is

open space floor plan, focusing on a handful of premium

the ideal pick if your love of Cyprus is about community

decorative pieces is enough. For a rustic Mediterranean

and a slowed-down approach to living.

home, choosing hand-carved pieces and embroidered

ECLECTIC E L E M E N TS FO CUS E D ON LOCA L A RTIS I N A RY

rugs will elevate the space.

inviting space. Think warm colors and organic materials.

Cyprus Harmony, Unity Of Form And Content

The Architecture in Cyprus was influenced by various eras and stages of the development of the island, unique ancient and medieval buildings, many

buildings of the colonial stage have been partially preserved. Historically, modern architecture has been heavily influenced by British architectural traditions. All these techniques are, of course, justified where it was climatically advisable to keep the heat from fireplaces and stoves in a small room and get

If you spend your evenings strolling through art galleries

BR I NG INDO O R AND OU TDO O R TO G ET HER

and sampling locally sourced cuisine, an eclectic

Perhaps one of the most valuable aspects of living

interior design might be the perfect way to showcase

in Cyprus is the incredible beauty of the nature of

We have decided to move away from the accepted “standards” and offer our

what you love about Cyprus. These home interiors

the island. For this reason, transform your home by

customers something more than just a standard project. The Le Grand Chalet

manage to take unique elements and pull them together

creating harmony between indoor and outdoor living

introduce you to the example of the Chalet Style Home. Mountains and the

into a cohesive design. Think large ornamental rugs,

spaces. Melding the two into a singular design can

sea are two elements, completely different, but on our island inseparably

one-of-a-kind artwork and bold, colorful accents.

help showcase what makes your island home unique.

neighbouring and interacting.

A DD ING F UR NITU R E TO R E F L ECT STYL E

Implement greenery in your home’s interior by lining

This new home will be located in just such a place and designed in the style of

hallways with native plants. Expand your interior design

an Alpine chalet with “Cypriot amendments”. The façade windows of the living

into courtyards to meld the overall design together.

room allow the owner to enjoy the view of the pine forest and provide light

Whatever design you decide on for the inside of your

access to an open two-level space ten meters high. An interesting technique

home should be carried on to the exterior of your

can be called the use of a large amount of wood for chalet decoration, which

home. A modern minimalist style home should feature

is not typical for Cyprus, but is very appropriate for this type of dwelling.

Once you know what style of interior design matches your love for Cyprus, it is time to source furniture for your home. The right furniture can help add to the style of the space, while the wrong furniture can detract from the rest of your design.

As you consider your furniture options, think first about the materials used in the construction of the piece. You want to ensure that your furniture is not only durable but acts as a complement to the rest of the space. For example, in a rustic-style home, a large, handcrafted dining table is a much better choice than a sleek, black dining set.

simplistic, clean outdoor living spaces. A cozy rustic home should embody the countryside in exterior patio spaces.

For inspiration, take a slow walk through your home.

How does it feel to enter and exit your home? Is there a natural flow between all spaces? Aim for a cohesive approach to redesign, updating elements inside and outside simultaneously. Finally, be sure to add local pieces to outdoor living spaces, promoting the custom artistry of Cyprus.

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the maximum amount of sunlight, so rare for the inhabitants of the UK, but they are not justified on an island where 360 days a year the sun shines and the temperature on the cost rarely drops below 10 decrees C.!

Living

Written by Irina Charalambous Master in Interior Design

Elite Interiors Limassol | 00357.2532.1600 | interiorselite.com

Buying Big

buying smart LEGAL, I N SURAN CE AN D FI N AN CI AL CON SI DERATI ON S FOR H I GH -VALUE PROPERTI ES

When you’re a person breathing the rarefied air of high-value property ownership, the world may feel literally spread out beneath your feet. As you walk through your luxury home, the feeling of having “crossed the finish line” of some intangible race can be overwhelming. After all, there around you is your prize.

You’ve worked hard, you’ve played it smart, and in the end, you’re sitting in a house that’s the envy of just about everybody. Well done: It’s time to rest on your laurels and enjoy what you’ve earned, right?

If only it were that easy!

To paraphrase that old Spider-Man saying, with high-value property ownership comes great responsibility.

Because now you have a very important asset that will not be able to take care of itself. Like all other investments, it requires protection, maintenance, care and — let’s face it — a lot of love.

It’s a wild world out there, and there’s never a guarantee that calamity won’t come to your doorstep.

Accidents will inevitably happen. Litigation can come unexpectedly knocking on the door. And money is always a consideration, even for the wealthy. Scratch that — especially for the wealthy. One does not accumulate wealth without being vigilant and prudent.

OK, so what does all this philosophizing really mean to the high-value property owner? In a nutshell, it’s about being prepared in the same way your already-achieved success proves you are accustomed to being. Being wealthy doesn’t just happen. It’s the result of hard work and hard thinking.

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Big

TH E LEGAL: KN OWI N G TH E LAW AN D USI N G I T

target in litigation, cause your overall net worth to rise or

When we think of purchasing a property, even one of high

Fortunately, the law offers many tools to protect you and

value, we see the same scenario over and over again. You

your home. For example, there are a number of strategies

hunt down your desired asset, you make the offer, you

to protect your asset — and your high-value home is one

come to an agreement, and you lay the cash on the table.

of your most important assets. This is why you should

It’s a simple, equitable exchange, right? Well,

consider hiring an asset protection lawyer to help set up

not exactly.

fall and be vulnerable to other forces.

an asset protection plan.

This isn’t like buying a fancy dinner

These professionals help you protect yourself, your family

or a custom-tailored suit. It’s

and your business against legal challenges related to your

a permanent structure

investment properties. For example, they could assist you

that imbues long-term

in titling your property under a business entity. Such a

value in every way, from

move affords your home all manner of legal protections

basic shelter to wealth

it would not otherwise have. That’s just one example of

management impact. As such, it can become a

what asset protection lawyers can do. Having one on your side is invaluable.

Smart

Continuing in that tradition means keeping on top of the forces that can affect your luxury home. Three key elements require your attention: legal, insurance and financial considerations.

And if you can hold an even keel on them, you can rest easy that you will be able to enjoy your home with peace of mind.

Does this feel like a lot? Well, in a way, it is, but it’s also what you’re already a rock star at doing. It’s taking care of business.

It’s wielding the right tools to get the job done. It’s being in charge and ready for what challenges may come.

And you’re already that person. What we’ll do now is offer up a primer so that you can take that first step into preparedness for succeeding in the awesome responsibility of owning a high-value property like the rock star you are.

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INSU RANC E: T HE S HIELD T HAT SU R ROU NDS YOU R INV EST M ENT You may be thinking that it’s pretty much a no-brainer that you would insure your home. In fact, there are many reasons which you may be compelled to, whether it’s attached to your mortgage or required by a municipality. But not all properties are alike, and not all insurance considerations are alike. First, prepare to see a higher premium — which makes sense. After all, you’re protecting something that’s worth more.

Also, because your high-value home likely has a lot more space and features, that means more liability. Features like pools, extended property lines, easements, and separate structures can become targets of “nuisance” litigation by neighbors or community members. And then there’s just the numbers game.

More infrastructure like electrical, plumbing and basic

Buying property in Cyprus?

structural features means more stuff can break down or succumb to “acts of god.” Oh, and don’t forget that valuable items in your home are vulnerable to theft! Bottom line: Don’t go shopping for insurance on your own. Engage a seasoned high-value property insurance agent who knows the lay of the land and will make sure all your bases are covered.

When buying property abroad, securing the best exchange rate makes a huge

FINANC IAL: T HE M O NEY LAID INTO T HE FOU NDAT IO N We’ve already talked about how your high-value property is a

you receive. Our FX experts provide personal guidance and support and the best exchange rates, guaranteed to beat

critical investment. Now let’s really drive the point home. Not only does this luxury home represent a significant portion of your overall wealth, but it can also make your wealth increase or decrease. To state the obvious, always be sure to invest in your investment. Maintain your property and improve it.

Stay in touch with real estate agents and understand what will retain and augment value, be it updating the exterior, improved landscaping, or bespoke features.

Also, understand that you can use your high-value home

See how much you can save

to leverage other assets and purchases. Lenders will offer favorable rates on large loans leveraged against your highvalue home. That will allow you to make big moves more easily, be it business development or additional investments in other areas. In short, your home isn’t just “made of money”; it can also help make you more money when you use it wisely.

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Rated Excellent

Contact Fiona Parsley Country Manager +357 26 813 613 +44 (0)207 740 0002 Cyprus | London

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I S L A N D LIV ING

Renovating, Remodeling and Preserving Historical Architecture When it comes to island living, Cyprus ranks up there as one of the most beautiful destinations on the planet. This is a land of sun-soaked, sandy beaches, intriguing culture, mythology and lavish culinary feasts.

Those fortunate enough to call Cyprus home are inextricably linked to the island’s past, either living in homes that have been around for a long time or renovating and remodeling in a way that preserves that sense of history.

Homeowners look to renovate and remodel in such a way that the existing beauty and charm of a home is upheld while modern touches are implemented. In this guide, we’ll take a look at how you can go about creating a Cyprus home that you love while paying homage to the rich history of your island home.

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“During your remodel of this space and the home in general, consider having most of the house positioned on the sunny side, which reduces your dependence on electricity for lighting, air conditioning and space heating...”

TA K E A PAG E F RO M H I STO RY

ADDI N G A MODERN TOUCH

Beautiful Cyprus wooed most conquerors who were looking

In traditional Cypriot villages, which have rules about preserving

Many Cyprus island homes are being redesigned with the

If you’re adding bedrooms, the traditional Cypriot style

for new lands to call their own. This avid interest in the island

historic architecture, you’ll find homes lining narrow lanes, old

latest and best in home technology and luxury amenities,

is such that each bedroom is its own separate oasis with

stone buildings, impressive wood carvings, limestone and

all without sacrificing the beauty and existing structure

its own bathroom. Consider adding a balcony or veranda

terracotta roofs. Throughout the island, you’ll see natural stone,

of the home.

to bedrooms, or to the main living area, as most people

means a tumultuous past and the marks of numerous cultures and civilizations, from Neolithic dwellings to Phoenician tombs, Roman mosaics to Byzantine churches. You’ll find architecture styles from the Lusignan, Venetian and Ottoman periods, too.

One of the most stunning and notable aspects of many Cypriot homes is their use of local materials paired with materials shipped in from distant locations. This uncommon blend of materials often sets these homes apart from many of their mainland counterparts.

brick, marble slabs and ceramic. Later homes may incorporate steel, wood and reinforced concrete frames. Laminate and parquet, set off by plastered and painted walls give a sense of coolness, especially welcome in this warm climate. Wallpaper isn’t widely used, as it’s too humid.

If possible, pull these materials forward into your remodel. This

The entrance of Cypriot homes leads directly into an open floorplan with a hall, kitchen, dining room and living room. During your remodel of this space and the home

like to spend the day in the fresh air. Spacious verandas and balconies provide space for dining furniture — most locals will have their lunch or dinner alfresco.

in general, consider having most of the house positioned on the sunny side, which reduces your dependence on electricity for lighting, air conditioning and space heating.

will not only continue to maintain the integrity of the unique aspects of your Cyprus island home, but it can also create a perfect symbiosis with the land on which your home rests.

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ADDING T HE EXT RAS Go one step further in your remodel and consider a swimming pool. Typically, Cypriot homes with pools also include a separate wooden gazebo with changing areas and a place to lounge in the shade when the sun becomes overbearing.

Another addition to consider: Solar panels installed on the roof and the necessary equipment for heating

GATH ERI N G I DEAS

REN OVATI N G BY TH E RULES

but thanks to the sunny, clear weather much of the

Another excellent option for remodeling without detracting

When renovating a historical island home, one of the first

year, solar energy works efficiently.

from the historical beauty of your home is to look for

things you’ll need to do is ensure you understand what

examples of similar styles of properties in Cyprus that

approvals and permits you’ll need to have in hand before

have already undergone renovations. Your design team and

work can begin. Cypriot villages have their own regulations

trusted real estate professional will be a great asset during

regarding the remodeling of historical properties. The age

this search. They can help point you to properties that have

of your home will also dictate a lot about what you are and

been renovated with a careful approach to preserving the

aren’t allowed to do during renovations.

water. There is no central hot water supply in Cyprus,

You can also work to make the most of the property’s landscaping, implementing beautiful natural elements native to the island to increase the appeal of your outdoor living space.

As you prioritize what you want to upgrade, look for

past. Looking over these remodeled homes can be the

ways to incorporate a modern touch with minimal

perfect way to inspire your own ideas about how to bring

impact on the overall style of the home. The key is

your historical home forward into today.

to update in strategic ways without tearing down the larger elements that give your home its one-of-a-kind appeal. Work with a designer who understands how to take a conservative approach to changes without limiting the upgraded comfort of your home.

The good news is that when you work with a professional team, including a certified builder and designer, you’ll be able to tap into a wealth of knowledge about Cypriot renovations.

During your search, you’ll be able to see what you like

Builders will know how to access the necessary permits,

and don’t like, what you must have and what you want to

and designers can help you work around any regulations

avoid. For example, a stone-built village house might be

that are in place.

updated with floor-to-ceiling, double-glazed sliding doors on the upper floor, which open to a veranda to enjoy the summer weather.

While many who purchase a Cyprus home consider investing in a brand-new build, there is a truly unique allure to renovating an existing luxury home. These homes are

Look for places where old Mediterranean stone house design

rich with rare, traditional design elements that are often

fuses with state-of-the-art living features. Consider elements

impossible to find today. They frequently blend styles

like a dedicated laundry room, an open-plan breakfast

together in an exclusive way that reflects a singular time

bar, floor and wall heating and more, all coming together

and place.

seamlessly for the sense of a tranquil village home but with all the creature comforts you crave.

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d n a l s I 72

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: g n i v i L YOUR GUI DE TO I SLAN D- FRI EN DLY OUTDOOR LI VI N G SPACES AN D LAN DSCAPI N G

If you’re dreaming of island living, consider Cyprus,

Known for fantastic beaches and vineyard- and

the jewel of the Mediterranean that is revered for

orchard-lined valleys, Cyprus draws both families

its breathtaking beauty, rich culture and history,

and retirees to its blissful shores. No matter where

delicious cuisine and distinctive architecture. For

you choose to live in Cyprus, you’ll be spoiled with

those fortunate enough to call this paradise home,

choice for outdoor activity, whether that’s horseback

they’ll enjoy about 320 days of sunshine per year

riding, bird watching, or sunbathing on a beach.

and the warmest climate in the European Union.

However, everyone needs a lazy day sometimes.

Cypriots know how to take full advantage of these

Island residents make their homes their own personal

sun-splashed days, with open layouts in their homes

retreats, to enjoy the Cypriot sun from their own

and exterior colors that reflect those bright rays

property. Here are some transformation ideas for

of sunshine.

making the most out of your outdoor living space.

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MA K ING A S PL AS H

living space to the outdoors, where you can spend

While there is no lack of beaches from which to choose,

more time together under the island skies.

personal swimming pools elevate the Cypriot alfresco

Cypriot homes might have incredible outdoor

lifestyle. Sometimes it’s just too much effort to go

kitchens, with built-in barbeques and outdoor ovens,

more than a few steps for a refreshing dip, particularly

bar space, refrigerators and even brick ovens. For a

early in the morning or under the stars at night. Not

more traditional option, some homes will incorporate

only does a pool, jacuzzi tub and/or sauna increase home value, but it also elevates the standard of living.

an outdoor kleftiko oven as an alternative to the barbeque. It’s usually used to cook lamb, potatoes

E NTE RTA I N I N G F R I E N DS A ND FA M I LY

and onion without oil by wrapping it in foil and cooking

In Cyprus, even extended family is considered

living space when you can cook and entertain outside!

immediate family. Social circles are rich and congenial,

Dedicated outdoor dining spaces invite guests to

leading to festive family gatherings and celebrations.

linger longer over a glass of wine as they share stories

And that’s just another reason to extend an indoor

around the table.

it overnight over wood. No need to heat up the indoor

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g n i v Li

LAN DSCAPI N G FOR LUXURY There’s a distinctive Mediterranean flair to residential landscaping in Cyprus, which gives an immediate sense of place, whether a home is on a large lot by the sea or a small parcel of land in a historic village. Expect winding stone pathways, manicured flowerbeds, small ponds, green hedges and more that reflect the Cypriot ambiance.

There are approximately 140 species of flora that are endemic

d n a l s I

to Cyprus, and most homeowners will try to incorporate

these within their landscaping, including Cypriot tulip, cedar,

cypress, pistachio, thyme and more. Look for hydrangeas, rhododendrons, azaleas, chrysanthemums and orchids, all of which can withstand the Cyprus temperatures.

G OING ONE ST E P F U RT H E R When just about every day is a beautiful day, why

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Thoughtful landscaping and outdoor living design is a nod to the past

not go one step further and make an outdoor living

in Cyprus, when the wealthiest residents planted vast gardens and

space that feels more like paradise than just simply a

stands of trees. Even the most modern properties on the island today

home? Some Cypriot homeowners will include ambient

work hard to ensure they blend harmoniously with the local landscape.

lighting with external electrical outlets that allow for

In fact, life on an island is all about blending the beauty of the outdoors

working outside or watching movies in the open air.

into daily activity. By creating an inviting outdoor living space complete

Plus, there’s always the choice to put in a basic tennis

with a stunning array of plant life and comfortable spaces for lounging

court or basketball court for your own private use!

and dining, you can take a holistic approach to island living.

ISLAND LIFE | CYPRUS

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APH RODI TE H I LLS — PGA N ATI ON AL CY PRUS

MI N TH I S GOLF CLUB

This cliff-top course in Pafos was designed by the world-

Mackenzie & Ebert, this unique course is set in the midst of

renowned Cabell B. Robinson and continues to rank in the

the velvety hills featuring a 12th-century monastery. From its

top 100 courses in Europe. It is the first and only course in

elevated perch to the north of Pafos, the par-72 course enjoys

Cyprus to carry the esteemed recognition of PGA National

cool sea breezes and idyllic views. Play past ancient vineyards,

Cyprus. You’ll find yourself among indigenous olive and carob

along natural undulations and through olive groves and fruit

trees and natural vegetation, playing along naturally undulating

orchards. The real highlight here is the par-3, 15th hole, where

terrain and navigating strategic hazards.

the tee shot is played to the only island green in Cyprus.

SECRET VALLEY

LI MASSOL GREEN S

Set within a valley by Petra tou Romiou with vistas toward

Nestled in the largest masterplan community development

mountains and sea, Secret Valley takes you on an obstacle

in Cyprus, The Limassol Greens golf course is one of the

course of rocky outcrops and clusters of trees. Secret Valley

loveliest and most scenic links in the Mediterranean. Master

is known for being one of the toughest courses in the Pafos

golf architect Cabell Robinson has created a stunning 18-hole

area, so accuracy is key, but it’s also one of the most unique

Championship Course alongside a breathtaking salt lake with

challenges you can have in your golfing career. Find tee locations

holes five and six set in natural wetlands. The residences and

set into the steep hillside terrain, with far-reaching views toward

resorts have amazing amenities to enjoy before and after you’ve

the valley and the sea.

taken on the impressive course and all of its natural beauty.

ELÉA GOLF CLUB

For the most ideal Cyprus golfing weather, time your vacation

Sir Nick Faldo is the brainchild behind this high-class golf course

Originally designed by Donald Steel, and refurbished by

sometime between September and early summer.

that proudly sits on the Europe top-100 list. We’re smitten with the stunning views and the design features, which incorporate the limestone cliffs of the Cyprus coastline. The par-71 course, set within the prestigious Eléa Estate, requires thoughtful rather than big-hitting play, but it’s manageable for both the best players in the world as well as social golfers.

AT T H E BEST GO L F R ESO RTS IN CYP RUS Where can a golfer go that practically guarantees dreamy weather and outstanding views as you make your way around the course? Enter fabulous Cyprus, which is emerging as one of Europe’s leading golfing destinations. Not only can you tee off on incredible fairways designed by some of the best in the business, but you can also immerse yourself in a rich culture and some pretty incredible cuisine. Hospitality is on point in Cyprus, so you can also rest assured that you’ll feel welcomed and celebrated while you’re here.

Choose from these top-notch golf resorts for some of the finest games you’ll ever play.

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Inspiring a Lifetime of Rare Experiences We are Soneva, creators of luxurious and sustainable resorts. We are a thriving community working hand in hand with the environment to craft beautiful, beyond bespoke experiences where discovery is a way of life.

When Eva and Sonu Shivdasani built Soneva Fushi as well as their home on the deserted island of Kunfunadhoo in the Maldives in 1995 they had no idea that their intensely personal vision of a locally crafted villa and environmentally responsible lifestyle would form the basis of a successful collection of world-class hotels, resorts and spas. But that's exactly what happened. Soneva Fushi was the first 'castaway' resort in the Maldives, pioneering a trend for back-to-nature luxury holidays.

From a desert island hideaway in the Maldives, with spacious luxury villas hidden among dense foliage, to pristine Thai beaches and untamed jungle, our unique collection of resorts are inspired by nature’s magnitude, mystery and enchanting beauty. Located in tropical rainforest, on an unspoiled island with some of the best beaches in Thailand, Soneva Kiri offers an unparalleled blend of luxury and eco-friendly design. This extraordinary island hideaway comprises 34 expansive one to six bedroom pool villas that blend seamlessly with the island’s natural beauty.

Today the Sonevas have many imitators, but no equals.

Each Soneva – and a yachting experience, Soneva in Aqua – impresses on a wide range of levels.

Breathtaking 'remote but accessible' natural locations, effortlessly chic accommodation, incredible food, truly memorable activities, an inspiring ethos of sustainability and service that is uncannily intuitive.

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Elite Interiors Limassol Interior Designer 00357.2532.1600 interiorselite.com

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