• Advanced technologies and green standards – New projects in Cyprus are often built according to thermal insulation standards, energy saving and the use of environmentally friendly materials, which reduces maintenance costs and energy use over time.
• Contractor's liability – A structural warranty is usually provided for 2 to 5 years, which includes repairing defects and systemic malfunctions at no cost to the investor.
• Customization option – Buyers can choose finishes, kitchen, tiles and accessories according to their personal taste, which is not always possible in second-hand properties.
• Unique tax benefits – First-time home buyers in Cyprus have a reduced VAT (5%) on part of the property up to a certain area ceiling

The prices of new apartments vary depending on the city, proximity to the beach, and the specifications provided by the contractor.

• Limassol – Luxury apartments near the beach priced at €300,000–€520,000.
• Larnaca – New projects starting at €150,000 for 1-2 room apartments, new high-standard villas starting at NIS 520,000.
• Ayia Napa – Villas and vacation apartments around 115,000 – 650,000 euros.

The demand for short-term rentals (Airbnb) and long-term (local or foreign tenants) is always growing.

• Average return – 5%-10% per year, depending on the area, type of property and level of demand.
• Ayia Napa and Limassol Considered to be very popular rental markets during the tourist season. (Over 700,000 visitors to Ayia Napa during the season)

Yes, many of the new projects are sold in their planning phase.

• advantage – Reduced price compared to a finished apartment.
• disadvantage – There is a chance of delays, quality issues, and there could also be changes in the plan.
  The solution is to work with reputable entrepreneurs and have the agreement legally reviewed.

The purchasing process for customers from foreign countries in Cyprus includes, among other things:

1. Property selection And order it with a down payment (5%-10%).
2. Power of attorney for a local lawyer For the purpose of legal due diligence (taboos, obligations, permits).
3. Signing a purchase agreement and interim payments depending on the progress of construction.
4. Approval of the Council of Ministers For non-EU buyers – usually within 2 to 3 months.

• VAT – 19% on a new property (or 5% on the purchase of a first apartment).
• Stamp duty – 0.15% to 0.2% of the purchase price.
• Tabu registration – 3% to 8% (does not apply if VAT has been paid).
• Attorney's fees – Approximately 1% to 3% of the transaction.
• Related Expenses – Insurance, maintenance, municipal taxes.

The responsibility for most new projects in Cyprus is:

• Structural responsibility for the project between – 2 to 5 years.
• Responsibility for electrical and water systems – At least one year.
  The obligations appear in the purchase agreement and should be reviewed before signing.

• Check the history of projects completed on time.
• Read customer reviews.
• Work with a lawyer who knows the market.
• Avoid contracts with entrepreneurs without previous projects.
• The most important – Work with a company with experience and representation in Cyprus.

Yes, foreign investors can receive local financing!

• Scope of financing for investment – 70%-80% of the property value.
• Interest on financing – Around 3.5%–5.5% annually, depending on income and financial stability

• It is important to invest in attractive interior design that is suitable for short-term rentals.
• It is always important to use professional photography for advertising.
• The most important Hire a local management company to fully manage all maintenance and rental issues – we have management companies that we have been working with for over 20 years.