Apartments for sale in Larnaca

Apartments in Larnaca — comfort and perspectives

Larnaca is a quiet resort town that combines ancient history and modern architecture. It is the third largest city in Cyprus. It is the first air gateway in the country. It is the big transport hub of the island. And it is a tourist mecca and a haven for investment.

There is an active development of apartment complexes in Larnaca. The reason for this is not only the growing demand but also the innovative reconstruction of the city — the construction of a new technological marina and a large port. In connection with this, the marina and the waterfront area properties have skyrocketed in demand and price. Why is this happening? Why is it profitable to invest in Larnaca? And how to choose a property for life and business? Consider these questions below.

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Characteristic features of apartments: the distinctive features of Cyprus

Real estate in Cyprus is very similar to the Greek style — square houses with large panoramic windows and verandas, primarily white or sand-colored. Sometimes you can even find Greek white homes with blue window frames and shutters. But the main difference in Cypriot architecture is inside.

• Number of rooms.

Bedrooms count rooms in Cyprus. Therefore, a one-bedroom apartment on the island is a one-bedroom one, which also necessarily has a large living room, a kitchen and dining area, and a veranda or balcony.

• Area.

Apartments in Cyprus are predominantly large, and a one-bedroom apartment can occupy the same area as a four-bedroom.

• Tile.

When buying an apartment in Larnaca, you may notice that the floor in almost all rooms is covered with light tile — this is the traditional type of finish. However, you can change the flooring as you wish.

• Communal services.

There is no centralized heating or gas supply on the island. Therefore, you will not find batteries in your new dwelling. Rooms are usually heated by air conditioning and through climate control.

• Windows.

In Cyprus, the windows are large, often full-wall, and large glass doors are on the veranda and terrace. And what is remarkable is that they are all sliding. Everything is done so that nothing prevents you from admiring the beauty of nature and architecture.

There is also a special kind of apartment — penthouses. These are spacious apartments, most often occupying an entire floor, necessarily on the top floor of the building, and have access to the roof, where you can have your own private pool or jacuzzi, barbecue area, and landscaped garden.

When buying an apartment in Larnaca, you probably buy a home in a modern apartment complex. The complex is often serviced by a developed infrastructure: a common swimming pool, walking area, recreation and barbecue area, playground, stores, cafes, and gym. The more services the complex provides, the higher the price of purchase or lease and the higher the price of utility bills. However, the comfort is worth it.

The SPM Real Estate team will help you buy property in Cyprus, select objects from a catalog of the best properties, and take your hand from the beginning of the transaction to obtaining the right of ownership.

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The center or the waterfront: the peculiarities of the location when choosing an apartment

It is traditionally believed that the most expensive and profitable residential properties are located in the city center, where business centers and infrastructure are concentrated. However, in Cyprus, such an area of demand is the seafront — the closer the apartment is to the sea, the greater the need for it and the higher the price. This is due to the tourist emphasis of the island and the location of cultural sites, mainly in coastal areas. Since the coastal area is crowded and full of tourists, the infrastructure is developed — restaurants, stores, bars, boutiques, museums, etc.

The choice of location when buying apartments in Cyprus in Larnaca depends primarily on the purpose for which you acquire square meters:

• Location near the sea (port, marina, promenade, beaches) — this is a tourist area. It is noisier and has a clear emphasis on meeting the needs of the traveler, so accommodation in this location may be more suitable for investors with a subsequent lease of the apartment — demand will be great, as the flow of tourists to Larnaca does not subside during the entire beach season.
• Location in the center or closer to the outskirts — here live locals and infrastructure takes into account this factor: public and business centers, offices, shopping centers, schools, kindergartens, pharmacies, so for life with children may be more suitable than this location.

However, during the beach season, which lasts from April to October, at any location of your property, you will not have a decrease in demand for rent.

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How much is an apartment in Larnaca: prices for apartments

Larnaca is a developed family resort but a developing technological city. Therefore, real estate prices in Cyprus are somewhat lower than in the business hubs of Limassol and Nicosia. The potential is growing, so there is an opportunity to buy apartments in Larnaca cheaper, and over time expect an increase in its liquidity. This positive outlook shows statistics: over the past 3 years, the price of the real estate market is steadily growing by about 30% per year.

An apartment in Larnaca costs about 100,000 euros for a one-bedroom apartment or studio; the maximum price can reach several million euros. Also, you have an opportunity as an investment to buy an entire complex (building) with apartments for rent or resale after price increases.

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The question of seasonality: when it's better to buy an apartment in Larnaca

When buying property in Cyprus from the secondary market, you will face a problem — in the high season, all the residential space is occupied by tenants, so the objects are not offered for sale. In this situation, it is better to wait for the low season when the winter comes (from November to March) and then watch the options on the market.

SPM Real Estate offers you a catalog of new properties in Cyprus. And that means that it is not subject to seasonality. You can contact us to buy new apartments in Larnaca at any time of the year — and we will help you choose objects to suit your needs, consider the investment requirements and calculate a business model for each facility.

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Life with children: what to look for before buying an apartment

Larnaca is ideal for family life, raising children, and peaceful everyday life.

According to the UN, Cyprus is recognized as the fourth leader in the recommendation of life with children.

And the country and the city are very safe. There is almost zero crime. There are no homeless people because the state has eradicated homelessness. Here you will not see noisy drinking companies and will not be afraid to let your spouse for a walk in the evening.

Larnaca has a clean environment, as there is no air-polluting enterprise. The beaches, the sea, the soil, and the plants are all environmentally friendly.

And also, Cyprus has a high quality of education. For example, only in Larnaca are their many schools: Greek, English, Armenian, and Jewish schools.

However, when choosing an apartment or apartment for living with children, pay attention to the proximity of essentials to your objects: perhaps, for you, there must be a school and a pharmacy, maybe a hospital. Therefore, this is the only factor when choosing housing. Otherwise, the city is perfectly adapted for child development.

Notably, the island has a Fast-Track program for obtaining Cyprus permanent residency. Status is usually awarded after 2 months from the date of filing. A mandatory condition for the accelerated program — is an investment in real estate in Cyprus, as well as shares, business, and land, for 300 000 euros plus VAT. By buying an apartment of 300 thousand, you can get permanent residency in Cyprus for yourself, your family, and your children.

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Other types of residential real estate in Cyprus

Real estate for life in Cyprus is not represented by apartments alone. These are also:

• villas;
• semi-detached villas;
• townhouses.

The apartments themselves are divided into penthouses and duplexes. And while we talked about penthouses above, a duplex is a two-level apartment with a staircase inside, located on two floors simultaneously. It can be on any level of the building.

You may also be interested in investing in real estate in Cyprus. Commercial properties are represented by:

• office buildings and hubs;
• shopping centers and stores;
• clinics and health centers;
• food courts;
• schools and kindergartens.

When investing in real estate, SPM Real Estate specialists will conduct a full-scale analysis of the market and competitors, forecast, and create an individual business model for you.

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FAQ

Where is the Larnaca resort?

Larnaca is a resort city on the island of Cyprus located in the Republic of Cyprus. It is located on the southern coast of the island. It is the country's main gateway — the location of the largest airport and seaport. You can get to Larnaca by cab, rented car, or bus from the airport. You can get from Larnaca to any other city on the island in no more than 2 hours.

What to do in Larnaca in winter?

Larnaca is beautiful in winter. There are no crowds of tourists, which gives it a peaceful charm. If you are not afraid of the cold, you can swim in the sea even in winter because the water temperature does not drop below 18 degrees. Larnaca is very ancient. It is the oldest city in Cyprus. There are a lot of excavations, archaeological and historical sites, and museums — and winter is a great time to see it all. And not far from the city is the Salt Lake of Larnaca, also called the lake of flamingos — just in winter, these birds come to the lake, and there you can see them in large numbers.

When is the best time to rest in Larnaca?

Holidays in Larnaca usually occur during the beach season, which begins in early April and ends in late October. However, you can coordinate your vacation with the most comfortable months of May and September. During this time, the island is not too hot, the evenings please with a pleasant sea breeze, the sun leaves a contrasting tan, and the water is hot. Larnaca can be hot and dry in summer, especially in July and August.

What to see in Larnaca in the evening?

In the evening, you should stroll along the central promenade of Larnaca — Finikudes. The promenade stretches along the city and gathers almost all the main attractions of the ancient city. It is also the largest beach in the region. A row of tall palm trees is planted along the promenade, thanks to which the promenade got its name.

Turn to SPM Real Estate and buy property in Cyprus to make your dream of a beautiful life come true!

SPM Real Estate is your most valuable contact in Cyprus.

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