Villas in Protaras
For those planning to relocate to Cyprus permanently or considering buying property as an investment, our portal presents comfortable villas for sale in Protaras. It is one of the most popular resorts in the country, known for its pristine beaches. A developed tourist infrastructure ensures a high quality of life, and affordable property prices allow you to find the optimal option for any budget. You can find a ready-made villa in Protaras or a house in under-construction residential complexes.
Protaras is located in the eastern part of Cyprus and situated on the first line by the sea, practically on the border with Northern Cyprus. Despite the fact that the town is small, you can find everything necessary for living: shops, entertainment organizations, cafes, and restaurants. Most of Protaras' beaches are awarded the "Blue Flag" designation. It is a 10-minute drive from the major resort of Famagusta and one of the main tourist centers of Cyprus – Ayia Napa. You can reach the international airport within an hour.
The housing stock of the town consists of apartments and villas. Unlike most other Mediterranean resorts, Protaras' construction is modern and meets all the requirements for comfort. Property in Cyprus is suitable for permanent relocation. This is an affordable option with a convenient location and transport accessibility.
When purchasing housing worth more than €300,000, you can apply for a residence permit. If the investment amount exceeds €2 million, the owner has the right to apply for citizenship. You can also buy a villa in Protaras as an investment. Houses for sale in Protaras are steadily appreciating and are in demand.
You can buy villa in Protaras using your own funds or take advantage of mortgage lending. It is available for both ready-made and under-construction housing. Rates are variable and depend on the requirements of a particular bank. Many developers offer interest-free installments on under-construction housing. This is the most advantageous way to purchase a home without additional costs.
Investment house in Protaras
Foreigners are actively investing in local real estate for several reasons:
- comfortable climate allows you to enjoy the sun and sea for most of the year;
- a wide choice of properties to buy;
- high investment potential of housing;
- the ability to receive a stable income due to constant demand for property for rent.
Buying a villa in Cyprus allows you to preserve money from inflation and multiply it. You can buy a villa and later resell it at a higher price. Just in Q2 2023, houses in Cyprus increased in price by 2%. The purchase of under-construction housing remains the most advantageous. At the start of sales, it is offered at favorable prices. By the time of delivery, the cost automatically increases.
It is also profitable to buy an investment house in Protaras for subsequent rental. Foreign investors have equal rights along with local citizens, so they can manage their property at their discretion. The rent increases parallel to housing prices. For houses in the second quarter of 2023, this indicator was 6.2%. The profitability rate of real estate reaches 5% per year.
Villas prices in Protaras
The cost of villas in Protaras ranges from $200,000 (€182,000) to $4.38 million (€4 million). The average price is around $350,000 (€319,000). The final cost depends on:
- the area of the house and the number of bedrooms;
- the size of the land plot;
- the presence of a swimming pool and garden;
- proximity to the sea.
You can examine the villas prices in Protaras in detail on our website.
Buying house in Protaras
Advertisements for the sale of houses in Protaras for investment and living are published on the pages of the portal. Information from reliable developers and local real estate agencies contains current prices, and there are no hidden commission fees for buyers. The search system is equipped with filters, with which you can set the required parameters and choose a house or an apartment in Cyprus in the desired area. Calculations of prices in dollars and euros are available. If you decide to buy house in Protaras, the portal specialists will help you make the right choice and answer all your questions. Start the search for your dream home right now!