Villa 175 м² in Protaras, Cyprus

592 390 $

3 385 $ /м²

4OZe6

Villa 175m² in Cyprus, Protaras. Priced at 506800€ rent photo- #1

Villa 175m² in Cyprus, Protaras. Priced at 506800€ rent photo- #2

Villa 175m² in Cyprus, Protaras. Priced at 506800€ rent photo- #3

Villa 175m² in Cyprus, Protaras. Priced at 506800€ rent photo- #4

Villa 175m² in Cyprus, Protaras. Priced at 506800€ rent photo- #5

Villa 175m² in Cyprus, Protaras. Priced at 506800€ rent photo- #6

Area

175 м²

Bedrooms

Bathrooms

3 bedroom luxury villa for sale in Protaras, Famagusta area

A prestigious new development of 61 luxury villas, situated in a quiet location close to the beaches of Ayia Triada. These 3 bedroom villas combine traditional style and contemporary design and are built to the highest standards. Each villa is designed to maximize natural light and shade to provide bright and airy living spaces with spacious garden areas, which are ideal for making the most of Cyprus' sunny climate. Each property is offered with a variety of interior finishes and layouts to suit all individual tastes and offers the perfect balance of form and function. If the location, surroundings and style of the property are the qualities you are looking for in an investment in Cyprus, take note. It is an excellent choice for permanent residence or vacation investment as it is close to beautiful sandy beaches as well as the centers of Paralimni and Protaras offering a wide range of supermarkets, stores, tavernas and restaurants. Photos are shown in the show house. Completion: April 2021

Additional details

Property type

Elite

Object type

Villa

Price

592 390 $

FAQ

In Cyprus a residence permit is typically issued based on a minimum investment threshold. Applications are reviewed within 30–60 days in Protaras; you will need a passport, proof of funds, and the ownership documents. Hatamatata helps prepare and submit the paperwork.

Banks in Cyprus finance 50–70% of the property value for non-residents with rates of 3–5% for 20–30 years. A life insurance policy and a 30–40% down payment are usually required. Terms and programs vary by city and bank.

Expected expenses: transfer tax 0–15%, registration 0.5–2%, notary 0.5–1.5%, agent commission 0–3%. In total 2–20% on top of the purchase price. Exact rates depend on region, property type and programs.

A title search at the land registry of Cyprus takes 10–15 business days. You receive ownership, encumbrance and tax clearance certificates. Documents are translated and reviewed by a lawyer before signing.

Yes. Rental income tax is 5–25% depending on the regime. In Protaras short-term tourist rentals typically yield 5–8% per year. Municipal permission and income registration are usually required.

Yes. An inspection costs about 0.5–1% of the price (592 390 $) and covers structure, utilities and legal status. Hatamatata arranges a qualified engineer with an EN/RU report.

A typical transaction runs 30–90 days, averaging 45 in Protaras: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).