Penthouses in Cyprus
Penthouses are premium two-storey apartments on the top floor of a multi-unit complex. Sometimes there are one-storey penthouses taking up the entire upper floor or half of it. This type of apartment is in demand among those who prefer high-class housing or want to make a profitable investment in property in Cyprus.
Those planning to buy a penthouse in Cyprus for investment and living can choose from a wide range of offers available. There are both relatively budget-friendly options with small terraces and opulent residences with an area of up to 900 m², featuring thoughtful floor plans, excellent finishes, high ceilings, panoramic windows, and roomy terraces with views of the Mediterranean Sea and the island’s mountainous landscape. Foreign nationals can buy penthouses in full ownership. Such apartments in Cyprus can be sold, bequeathed, or rented out.
Lifestyle
Most of the luxury penthouses in Cyprus are in high-rise buildings in the resort city of Limassol. It is followed by Nicosia, the capital, with several high-rise developments with upmarket housing in the downtown. In popular cities such as Paphos, Larnaca, Famagusta, and Kyrenia, apartment buildings are usually mid- or low-rise, but the windows and balconies of upper-floor units also offer stunning sea and mountain views.
Today, developers in Cyprus are actively building new high-rise buildings, where you can buy off-plan penthouses with breathtaking views and modern high-quality finishes.
You can find truly premium residences in the island nation. They are part of high-end residential developments with amenities. Residents of such apartments have access to concierge service, outdoor swimming pools, saunas, private gardens, gyms, recreation areas, and much more. An important advantage of such developments is that sea beaches and promenades are a stone’s throw away.
Penthouses prices in Cyprus
The cost directly depends on:
distance of a development from the sea and infrastructure facilities (schools, shopping malls, health clinics);
views from the windows;
property area;
additional amenities and hotel services available to residents;
quality of finishes and included furnishings.
Real estate prices on the market vary greatly. For example, a small 57 m² 1-bedroom residence on the top floor of a low-rise residential complex in Kyrenia is for sale for €139,500. It has access to a spacious roof terrace, where there is a communal swimming pool and a green lawn.
You can also find a luxury 320 m² 2-bedroom residence in Limassol. The property, worth €2.38 million, is part of an exclusive residential complex with amenities close to the sea. There are ultra-premium options. For example, a 900 m² 5-bedroom penthouse in Larnaca costs €22.42 million. The property has premium finishes and is fully furnished.
Investment penthouses in Cyprus
Investing in a penthouse in the island nation is profitable for a number of reasons, including:
High liquidity of residences located in popular tourist regions.
Possibility to rent out an apartment and receive an annual income of 5% or more.
If you buy a penthouse in Cyprus, you can obtain permanent residency through a special programme. For this, you need to acquire real estate from the developer worth at least €300,000.
Buying penthouse in Cyprus
Our website’s catalogue offers a vast assortment of penthouses and villas in Cyprus at different price points. You can opt for a small residence or choose an opulent apartment with stunning finishes, full furnishing, and sea views. Use the convenient filter system to quickly browse potential properties by price, location, area, and other criteria. For your convenience, you can view prices in euros and dollars.