Duplexes in Cyprus
Citizens of any country can buy duplexes in Cyprus for investment and living. The island allows private ownership of real estate for foreign nationals. They can also obtain a permanent residence permit in the country. To do this, you need to buy a new property from the developer, priced at €300,000 and more.
Duplexes are 2-level apartments. This type of property in Cyprus is classified as high-end. There is normally a limited number of these 2-storey units for sale, as this is an exclusive housing option.
Duplexes typically feature 1 or 2 roomy balconies, a modern layout with a spacious living room, an open kitchen, a bedroom with a built-in wardrobe, and several bathrooms. Most residences are sold fully finished and furnished. There are also off-plan properties. During the construction phase, duplexes are sold directly from the developer, who offers the best possible price and provides the option to pay for the purchase in interest-free instalments.
2-level apartments are an excellent real estate option for large families and those who prefer an opulent lifestyle. Residents of luxury duplexes in Cyprus will have access to numerous amenities of modern complexes. Such houses usually have outdoor swimming pools, terraces with sun loungers, gyms, play areas with attractions for children, and many other amenities to relax, do sports, and have a fun pastime.
The most popular cities in the island nation to buy an upmarket apartment are Nicosia, the capital, Limassol, and Larnaca. The country’s 3 largest cities have a number of high-rise developments offering a variety of apartment options, including 2-storey units. The coastal cities of Paphos, Famagusta, and Kyrenia are also very sought after by buyers of apartments in Cyprus.
Duplexes prices in Cyprus
The cost depends on a number of criteria, including:
- Location relative to the seacoast. Properties in popular areas that are within walking distance of the beach or promenade are valued the most.
- Views from the window. A residence with direct sea and mountain views will cost more.
- Total area, availability of balconies and terraces.
- Year of construction of the building. Although units in new developments are more expensive than resale properties, they are in high demand among overseas investors. Purchasing new duplexes allows foreigners to obtain permanent residency.
Today, you can find a 127 m² 3-bedroom duplex apartment for sale at a minimum price of €315,000. The property is in an off-plan residential development in the city of Larnaca.
Among the premium options, you can consider a luxurious 246 m² 3-bedroom apartment. The 2-level residence is in a multi-storey complex with amenities in the city of Limassol, within walking distance from the beach. The windows and balconies offer a breathtaking view of the seacoast. The cost of such a duplex is €6.78 million.
To get a better understanding of the island’s real estate market, visit our website’s catalogue. Here you can view the available 2-storey apartments and compare prices in euros and dollars for different properties.
Investment duplexes in Cyprus
Today, everyone has the opportunity to buy duplexes in Cyprus and thus make a sound investment. Purchasing high-end real estate is a reliable way to save your capital. Investors can acquire a residence in an off-plan development and use an instalment plan. You can also purchase fully furnished housing to rent.
The average annual income that rental properties can generate in the resort cities of Limassol, Nicosia, and Paphos is 5%.
Buying duplexes in Cyprus
Using our catalogue, which contains numerous listings of apartments and villas in Cyprus from developers and local real estate agencies, you can easily choose the best duplex to purchase. Explore the available market offers, compare prices, and pick the best offer from the available options. Thanks to convenient sorting by various parameters, you can select the most interesting properties for viewing and future purchase.