Cyprus is known for its beautiful beaches, crystal clear waters, and world-famous resorts. With all of these wonderful attractions, it’s no wonder that many people are interested in investing in real estate on the island. However, if you’re looking to purchase a property in Cyprus that will both impress your friends and save you money at the same time, be sure to check out our list of the most luxurious and economical properties in Cyprus!
What are the best areas to live in in Cyprus?
Well, you could either live in one of the most luxurious areas on the island, or in an area that is both luxurious and economical.
The most luxurious and expensive areas to live in Cyprus are undoubtedly the coastal towns of Limassol and Pafos. These areas are known for their stunning beaches and crystal-clear waters, as well as their luxury hotels, villas, and apartments. Other popular areas for luxury living include Nicosia and Kyrenia, which are both situated on the north coast of the island.
While some people may prefer to live in more exclusive neighborhoods, others may be more interested in living in areas that are both luxurious and affordable. One such area is Girdimas, which is located in the southeast of the island and is home to several budget-friendly apartments and villas. Additionally, many people choose to live in villages on the island – such as Ayia Napa – because they offer a more authentic experience than larger towns, while still being within easy reach of all the amenities that Cyprus has to offer.
How much does it cost to purchase a property in Cyprus?
It can be expensive to purchase a property in Cyprus, but there are some great deals available if you know where to look. Here are a few luxury and cheap property in Cyprus:
- The Palazzo Resort is located in the heart of Pafos and features stunning views of the Mediterranean Sea. The property is priced at just €6,995 per month, making it one of the more affordable options on the island.
- The Golden Sands Resort is another great option if you’re looking for a luxurious property in Cyprus. This resort offers breathtaking views of the Mediterranean Sea and the White Desert, as well as an array of amenities including a spa, a gym, and a children’s pool. Prices start at just €8,495 per month.
- Villa Laguna is another great choice if you’re looking for an economical property in Cyprus. This villa offers stunning views of the Mediterranean Sea and access to all of the amenities that Pafos has to offer, including restaurants, shopping, and nightlife. Prices start at just €2,995 per month.
What are the most luxurious and economic properties in Cyprus?
When it comes to finding luxury properties in Cyprus, there are plenty of options to choose from. Whether you’re looking for a seaside getaway or a luxurious property within the city, Cyprus has something for everyone. Here are the top five most luxurious and economical properties in Cyprus:
- Latchi Palace – This palace is located on the outskirts of the town of Latchi and offers stunning views of the Mediterranean Sea. The palace itself is comprised of nine bedrooms and nine bathrooms, as well as a pool and tennis court. It is also one of the only properties in Cyprus that offer a Michelin-starred restaurant. The monthly rent for this property ranges from €15,000 to €25,000.
- Santorini House – This property is located on Santorini, one of the most popular islands in Greece. It offers stunning views of the Aegean Sea and can accommodate up to 16 people. The house has four bedrooms and four bathrooms, as well as an outdoor pool and Jacuzzi. The monthly rent for this property ranges from €40,000 to €50,000.
- Villa Kalogeras – This villa is located on the outskirts of the town of Limassol and offers stunning views of the Mediterranean Sea. The villa itself has six bedrooms, six bathrooms, a pool, and a tennis court. The monthly rent for this property ranges from €35,000 to €45,000.
- Villa Mnagada – This villa is located in the town of Pafos and offers stunning views of the Mediterranean Sea. The villa has four bedrooms, four bathrooms, a pool, and a tennis court. The monthly rent for this property ranges from €30,000 to €40,000.
- Villa Gaia – This villa is located in the city of Limassol and offers stunning views of the Mediterranean Sea. The villa has six bedrooms, six bathrooms, a pool, and a tennis court. The monthly rent for this property ranges from €35,000 to €45,000.
How much does it cost to maintain a property in Cyprus?
When considering a property in Cyprus, one must consider not only the price of the property but also the cost of maintenance and upkeep.
According to The Economist, maintaining a property in Cyprus can be relatively expensive. For instance, an annual average of $5,873 is spent on maintenance and utilities on properties in the country. Additionally, property taxes in Cyprus are high at 12%.
Conclusion
Our team of experts has put together a list of the most luxurious and economical properties in Cyprus, perfect for those who are looking to live a high-class lifestyle without breaking the bank. From private estates to villas and cottages, our selection includes properties that fall into all budget ranges and can accommodate any size family or group of friends. So whether you’re looking for an unforgettable vacation spot or something more permanent, make sure to check out our list and find the perfect property for you!
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