Property in Protaras
If you are seeking a resort lifestyle and looking for property in Cyprus in a beautiful location, then you should consider real estate in Protaras.
Protaras is a picturesque resort town on the east coast of the island, attracting tourists with its well-maintained beaches and stunning sea views. It is a popular destination to buy real estate, offering a high level of comfort and quality of life.
Properties in Protaras, Cyprus are diverse and offered both on the secondary market and in new buildings. Here you can find various types of real estate, from apartments to villas. New residential developments often have excellent internal infrastructure and modern design, meeting the highest standards. By choosing a property in new projects, buyers can access all facilities within the territory, such as swimming pools, fitness centres, spas, etc.
One of the main advantages of owning property in Protaras is its favourable geographical location. Near the town are the most beautiful beaches of Cyprus, including the famous coast of Fig Tree Bay. This is an ideal place for sea lovers.
Protaras also offers a wide range of restaurants, bars, shops, and cafes, where you can enjoy culinary delights. The urban area, packed with tourist facilities, has a mellow atmosphere, ideal for holidays and relaxation.
Due to the location’s popularity among travellers and wealthy migrants, buying investment property in Protaras opens up the opportunity to generate income from short- and long-term rentals.
Compared to other resort areas in Cyprus, property cost in Protaras is lower, which allows a wider range of people to become owners here, including investors and families looking for both luxury villas and budget-friendly apartments in Cyprus.
Properties prices in Protaras
Real estate in the town costs an average of €4,197 per 1 m². You can buy property in Protaras starting at €159,000. This amount will get you a 50 m² one-bedroom apartment in a new residential development with a well-thought-out infrastructure.
If you have liked certain options and want to know the current property prices in Protaras, feel free to contact our specialist.
Investment property
This popular tourist destination attracts many holidaymakers, which creates a stable demand for short- and long-term rentals. By investing in local real estate, you can expect a steady income.
Protaras is actively developing. New projects are being built here, offering modern apartments and villas that meet the highest standards of comfort and quality. Investing in real estate in Protaras will generate income from both rental and resale in the future.
Over time, the cost of property increases. For example, over the past 12 months, house prices in the town have increased by 90%. This growth is due to limited supply, which will also contribute to the appreciation of real estate in the future.
Another reason why investing in local property is advantageous is that you become eligible for a long-term residence visa. This makes Protaras an attractive location for investors looking for new business expansion opportunities.
Buying property in Protaras
You can find property in Protaras for investments and living and villas in Cyprus in other popular and promising cities and towns on Cyprus-Real.Estate. Search by key parameters to select properties yourself or leave a request on the website for personal assistance from a specialist.