New builds in Protaras
City on the map
Protaras is a small resort village on the shores of the Mediterranean Sea in the southeast of the island of Cyprus.
Why is it profitable to buy an apartment in a new build for sale of Protaras?
This is a new resort in the tourist area of the island between the famous party resort of Ayia Napa and the small village of Paralimni, which has become a quiet haven for those who like to relax away from the hustle and bustle. Sandy beaches, picturesque rocky coves, clear sea, small restaurants located along the coastline - all this you can find in a small cozy Protaras.
Since only the south-western side of the island has such white sand (which is also called silver sand) the main purpose of development here was to create a world-class tourist mecca. The long beach line is now lined with hotels. Both private villas and apartments are being built. Developers from all over the world are striving here to obtain building permits.
The climate here is Mediterranean, the main feature of which is comfortable weather all year round. The off-season is short, spring begins in February, summer lasts until November, in winter the above zero temperature is not lower than 10-15 fifteen degrees Celsius.
The town has a well-developed infrastructure: shops, restaurants, cafes, medical facilities, city and intercity buses run regularly. Of course, this is not a busy Limassol and not a fun Ayia Napa, but real estate prices here are much lower for real estate in even more comfortable natural conditions.
The real estate market in Protaras is represented to a greater extent by villas for several apartments, which are purchased for investment purposes. Multi-storey residential complexes are not being built in Protaras. Apartments in Protaras from the developers are in great demand during the season. Investing in real estate in the new homes makes it possible to obtain a Cyprus passport or residence permit for the whole family of the investor within a few months. The acquired real estate can also be considered simply as an investment in order to generate income from renting or resale.
New homes for sale from the developers are being built on time, completed using the latest technologies and in compliance with standards. Feedback from home buyers confirms the good quality of the facilities being built. The sale of apartments from developers is carried out at different stages of repair: black frame or turnkey condition.
You can buy an apartment from a developer in Protaras at a reasonable price (considering EU standards and taking into account the resort component of the town). The minimum price per square meter of turnkey area (according to the information of the real estate search engine GEOLN.COM) is 3,485$.
Purchase of apartments by foreigners
Foreigners can buy apartments without restrictions.
Highlights of the city and its surroundings
- Church of Agios Elmas;
- Church of St. Ilias;
- oceanarium;
- musical show Singing Fountains;
- Cape of Capo Greco;
- Paralimni village;
- the village of Liopetri.
Purchasing an apartment in a new development in Protaras is an investment in a popular resort town that reasonably assumes a high passive rental income or resale. Investing in the construction of a villa with several apartments also provides an opportunity to apply for citizenship, acquire a residence permit, work and live on the coast of a clean sea under the blue flag of the Foundation for Environmental Education (FEE).