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For Sale
Apartment
Completed

Limassol Del Mar

Limassol Del Mar, 28 October Avenue, Limassol 3107, Cyprus, Limassol, Cyprus
USD 2,500,000 - 30000000

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Overview

Bedrooms1-5
Bathrooms1-5
Area74-615 sqm
Year Built2020

A twin-tower luxury residential development on the Limassol seafront, featuring high-end shopping and dining at its podium level.

Building/Community Amenities

  • 24/7 Concierge
  • 24/7 Security
  • Clubhouse / Resident Lounge
  • Fitness Center / Gym
  • Parking
  • Pool
  • Spa / Wellness Center

Investment Insights

Investment Analysis

Investment Summary

Property Price:$2,500,000
Down Payment (30%):$750,000
Total Investment:$0
Monthly Rental Income:$0
Net Annual Rental Income:$0
Future Property Value:$0

Key Metrics

Cash-on-Cash Return:0.00%
Cap Rate:0.00%
Total ROI (over 10 years):0.00%
Annualized ROI:0.00%

Legal & Ownership

Legal & Ownership Information

Ownership Structure

Ownership Rights

Full ownership rights (Freehold)

Foreign Ownership

Foreigners can buy property in Cyprus, but there are some restrictions. Non-EU citizens are generally allowed to purchase up to two properties, typically one residential and one commercial unit.

Tax Considerations

Property Taxes

property tax landscape in Cyprus is investor-friendly, with a property transfer fee ranging from 3% to 8%, depending on the property value

Transfer Tax

transfer fee ranging from 3% to 8%, depending on the property value

Inheritance Tax

Capital gains tax is set at 20% but only applies to gains made from the sale of property

Important Considerations

Restrictions

  • Foreigners can buy property in Cyprus, but there are some restrictions. Non-EU citizens are generally allowed to purchase up to two properties, typically one residential and one commercial unit.

Required Documents

    Financing Options

    Financing Options

    Mortgage Calculator

    $750,000
    Loan Amount:$1,750,000
    Monthly Payment:$0
    Total Payment:$0
    Total Interest:$0

    Financing in Cyprus

    Cyprus offers a range of property financing options for foreign buyers, making it an attractive destination for real estate investment. Typically, banks in Cyprus provide loan-to-value ratios (LTV) of up to 70% for non-residents. This means that foreign buyers may need to provide a down payment of around 30%. The island's strategic location, pleasant climate, and favorable tax regime enhance its appeal for those seeking mortgage financing. Investors are drawn to Cyprus not just for its scenic beauty but also for its well-regulated property market and competitive interest rates, making it a viable option for international buyers seeking to expand their real estate portfolio.

    Requirements for Foreign Buyers
    • 1
      Valid passport
    • 2
      Proof of income (e.g., salary slips, tax returns)
    • 3
      Recent bank statements (usually 3-6 months)
    • 4
      Credit report from the home country (if required)
    • 5
      Property valuation report
    • 6
      Completed mortgage application form
    • 7
      Proof of deposit availability
    Popular Lenders

    Contact Information

    Leptos & D. Zavos

    Leptos & D. Zavos

    Property Developer

    Verified

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    info@zavos.com

    zavos.com

    Contact Developer

    Mention property ID: Limassol Del Mar when contacting.

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