1st Floor

3 Bedroom with French balconies and built-in wardrobes
Master bedroom with bathroom and wardrobe room
Common bathroom with big walk-in shower
Balcony
Separately washing machine cabinet

Location of the project

The project is located within walking distance to newly built Near East College, Bedis beach and Salamis ruins park

Popular Area Attractions:
Ancient park Salamis
St. Barnabas church and his grave
Salamis Beach
Picnic area
Children play yard

Travel Times to Amenities:

Ercan airport  -  30 min drive 

Larnaca airport - 45 min drive

Local village shops & restaurant - 3 minute walk away

 Markets, supermarkets, and malls in the town of Famagusta - 5 minute drive

 Salamis park, beach, and picnic area - 3 minute walk away

Near East College - 2 minutes walk away

Eastern Mediterranean University - 5 minute drive

Famagusta city central hospital - 5 minute drive

Near East private hospital - 2 minutes walk away

Local veterinary - 2 min walk away 

 Investing in Cyprus: A Look at Project Property

Cyprus is a small island country situated in the eastern Mediterranean region. Over the years, it has been recognized as one of the top destinations for investment in real estate. There are various investment opportunities in Cyprus, such as project properties. Project properties refer to the development of real estate projects in the country, such as commercial and residential spaces. Investing in project property in Cyprus provides investors with a wide scope of opportunities to buy and sell property for a profit. This essay will explore investment in Cyprus and how it pertains to real estate, buying and selling property two to three times.

Investment in Cyprus

Cyprus has favourable laws and tax regulations, making it an attractive destination for foreign investors. The country has a pro-business environment with a low corporate tax rate of 12.5%. Additionally, the country has implemented measures to simplify the investment process, such as acquiring permits and licenses. The Cypriot government actively encourages foreign direct investment (FDI) and permits 100% foreign ownership of property, including project property.

Real Estate in Cyprus

Real estate is a thriving industry in Cyprus, and there is no shortage of investment opportunities. Over the years, the demand for property in Cyprus has increased, and this trend is expected to continue. Investors can choose from various types of property, such as apartments, villas, townhouses, and commercial spaces. Project property is a popular investment option in Cyprus as it allows investors to diversify their portfolio, making it stable and sustainable.

Buying Property in Cyprus

Buying property in Cyprus is a straightforward process, and foreigners do not require any special permits or licenses. With the assistance of a real estate agent or lawyer, investors can complete the transaction process within a few weeks. The prices of property in Cyprus are relatively low compared to other European cities, and the rental yields are high.

Selling Property in Cyprus

Investing in project property in Cyprus allows investors to sell their property two to three times, generating a significant profit. Once the development of the project is completed, investors can sell the property at a higher price than the purchase price. The appreciation of property in Cyprus is high, meaning that the value of the property increases with time. If investors decide to hold on to the property for an extended period, they can also generate income through rental yields.

Conclusion

Investing in project property in Cyprus provides investors with an ideal opportunity to diversify their portfolio and earn high returns. The government's pro-business environment, coupled with low tax rates and incentives, make Cyprus a favourable destination for foreign investors. The appreciation of property in Cyprus, coupled with the high rental yields, is an attractive investment for those looking for long-term investment opportunities.