I know many people who dream of buying a luxury property in Cyprus and calling it their home. But the cost can be more than they’re willing to pay – so I wanted to find out how much luxury properties in Cyprus cost, specifically the costs for a luxury apartment in Limassol. This article’s goal is to help you plan your shopping strategy before you go on your trip to Cyprus.
What is a Luxury Property in Cyprus?
Luxury property in Cyprus is a large and expensive house or estate. They are typically found on the island’s more affluent and prestigious coastlines. Properties range in size from small apartments to sprawling estates with hundreds of acres of land.
The Cost of a Luxury Property in Cyprus
When it comes to luxury real estate, Cyprus is a top destination. With stunning seaside scenery and plenty of luxurious properties for sale, this small island nation offers a wealth of choices for anyone looking to purchase a property of distinction. Go to Scala.cy for getting the details of a luxury property in Cyprus.
Pros and Cons of Living in Cyprus
Living in Cyprus can be a great option for those looking for a luxurious property without breaking the bank. With a cost of living that is lower than most other European countries, you can enjoy all the amenities and convenience of living in one of the world’s most popular tourist destinations without shelling out a fortune. However, there are also some cons to consider before making the move.
First and foremost, a luxury property in Cyprus is not cheap. Even if you purchase a property that is less expensive than those on the mainland. You will still likely have to pay upwards of 20% more in monthly costs due to the higher taxes levied on luxury homes here. Additionally, while Cypriot infrastructure may be up to par with many other European countries. It can be quite outdated and inconvenient. The island’s roads and public transportation are often in need of repair. There aren’t many Truly Premium options when it comes to restaurants or nightlife. Lastly, although Cyprus is a beautiful destination, it can be quite humid during the summer months which can be uncomfortable for those with allergies or asthma.
Where to Find Luxury Properties in Cyprus?
If you’re looking for a luxurious property in Cyprus, you’ll want to check out some of the island’s top real estate agencies. Here are a few to get you started:
- The Cyprus Real Estate Agency – This agency has a vast array of luxury properties available, from villas and penthouses to cottages and estates. They also have a wide range of prices, so you can find something that fits your budget.
- The Kerylos Group – Another top real estate agency in Cyprus, the Kerylos Group is known for its high-end properties and services. They’ve got everything from luxury villas to exclusive golf courses, so you’re sure to find what you’re looking for here.
- The Luxury Properties Team – If you’re looking for something a little more boutique, then the Luxury Properties Team might be the right choice for you. They focus on unique properties that are hard to find elsewhere. So if you have a specific idea in mind, they may be able to help you find it.
- Online search- you can also find a luxurious property by Online search. Scala.cy is a property portal in Cyprus where Real Estate agents, Property developers and owners can list their properties for free. There is also a Blog where our readers can find blog posts from the real estate market on the island
However, not all properties in Cyprus are luxury-level homes. There are several affordable properties available as well. Whether you’re looking for a vacation home or an investment property, Cyprus has something for everyone.