With the onset of spring, Cyprus continues to surprise and attract investors and buyers with a variety of new-build properties.
The island's property market is booming, offering more and more opportunities for living, vacationing, and investing.
In this digest, we take a look at the key new-build properties that will appeal to both locals and foreign buyers.
Cyprus is not only beautiful beaches and picturesque mountains but also a place where you can find properties to suit all tastes and wallets. Spring 2024 brought several interesting projects in different regions of the island. This time Nicosia, Larnaca, and Paphos are leading the list.
At the same time, the port of Limassol continues to be the center of attraction for lovers of luxury. Complexes with panoramic sea views are popping up here, offering not only comfortable accommodation but also thoughtful services such as fitness facilities, spas, and 24-hour security. However, in terms of novelties, we suggest taking a closer look at the next town.
Paphos, famous for its archaeological monuments, is not lagging in the construction of new residential complexes, ideal for families. Here great attention is paid to creating green and safe spaces for living. Most of the projects are designed to maximize relaxation and truly enjoy the Mediterranean lifestyle.
Chora
In the Chloraka neighborhood of Paphos, the new residential project Chora is rising. The elegant two-bedroom apartments promise comfort and style on three levels. The units range in size from 77m2 to 82m2 and are just 800 meters from the sea - an ideal distance for morning and evening walks along the shore.
Completion is scheduled for June 2025. Each flat is equipped with the latest technology, with a choice of technical equipment and furniture at an additional cost. This project is characterized by a high energy efficiency class A, providing significant savings on utility bills.
Located in convenient proximity to local schools and supermarkets, these apartments are priced between €210k and €240k (excluding VAT), making them an attractive choice for those looking for a new home or investment property in Paphos.
All properties available for purchase in Chora
Gioia
In the prestigious Universal neighborhood of Paphos is the exclusive Gioia residential complex. This gated complex, complete with a swimming pool, offers one and two-bedroom apartments ranging from 50 to 85m2. Located 1500 meters from the seaside, the flats combine the convenience of coastal proximity with the tranquillity of a remote retreat.
The complex is scheduled for completion in 2024. Each flat is made using modern technology and materials, which guarantees an energy efficiency class A, ensuring high energy savings. This makes Gioia not only an ideal place to live but also a favorable investment proposition.
Prices for the apartments range from 260 to 525 thousand euros (excluding VAT) offering a variety of options for both individual buyers and families looking for cosiness and comfort in one of the most picturesque corners of Paphos.
All properties available for purchase at Gioia
Dolce
Located in the historic Tombs of Kings, Dolce is the perfect combination of luxury and comfort. This modern residential complex, located just a five-minute walk from the sea, offers apartments with 1 to 3 bedrooms, ranging from 55 to 120 m2. The windows offer magnificent views of the sea coast, and residents have access to a communal pool and a children's playground. Completion of the construction is scheduled for 2025. Thanks to the high energy efficiency class A, Dolce promises significant energy savings, making these apartments not only comfortable to live in, but also profitable for investment. Housing prices range from 330 to 580 thousand euros (excluding VAT), providing ideal conditions for acquiring first-class real estate in Paphos.
All properties available for purchase at Dolce
The King Residences
Located in the historic Tombs of Kings, The King Residences is the perfect combination of luxury and comfort. This exclusive gated complex is just 700 meters from the beach and covers an area of 9,100 m2. Its spacious covered terraces offer picturesque views and residents can enjoy a large communal swimming pool, a separate pool for children, a gym, a lobby bar, and a spa center.
The complex offers one, two- and three-bedroom apartments ranging from 51 to 108 m2, made with high-quality materials and provided with energy efficiency class A, which guarantees high energy savings. Green lawns and beautifully landscaped park areas create an atmosphere of comfort and tranquillity.
Apartments range in price from €290 to €625 (excluding VAT), making The King Residences a great choice for investors and those looking for the perfect place to live. Concierge services and the option to choose heating and furniture set at an additional cost make this complex a truly unique and desirable property in the Paphos property market.
All properties available for purchase at The King Residences
Libra
In the Chloraka area of Paphos, being also one of the most picturesque corners of Paphos, there is Libra - an exclusive gated villa development. This project attracts attention with its magnificent panoramic views of the town and the sea, which is only 2000 meters away. The villas, with either 2 or 3 bedrooms, offer spacious areas ranging from 91 to 145 m2, each with high-quality finishes.
Libra provides a high level of security and privacy, so residents can enjoy peace and cosiness. Although furniture and appliances are available at an additional cost, each villa is equipped with everything you need for a comfortable stay. An optional swimming pool or rooftop garden can be added for added sophistication and exclusivity.
Prices for the villas range from 320 to 510 thousand euros (excluding VAT), making Libra an attractive choice for investors and those looking for the perfect place to live permanently or holiday in Paphos.
All properties available for purchase in Libra
DownTown Residences
Nicosia, the capital of the island, is not left out of the property trends. New office and residential buildings are springing up, targeting the business community and providing amenities for international companies and their employees.
DownTown Residences in Nicosia is the epitome of sophistication and historical harmony in the heart of the capital. The new 20-story residential complex in the Old Town neighborhood is an architectural splendor combining classic and modern. Rising 81 meters high, it becomes one of Nicosia's most prominent buildings, adding elegance and dynamism to the cityscape.
DownTown Residences offers 34 exclusive two and three-bedroom flats, each characterized by luxury and attention to detail. Located near shops and restaurants, this complex provides its residents with the convenience of city life combined with privacy and comfort.
The windows and balconies offer mesmerizing views of the city that can be enjoyed every day. Amenities such as a state-of-the-art gymnasium, 24-hour concierge services, and private underground parking are available to residents. The interior of each apartment is designed with high-quality materials such as natural marble or parquet flooring to choose from, premium kitchens, spacious bedrooms, and underfloor heating, making life here truly comfortable and luxurious. Purchase prices range from €493,000 to €845,000 (excluding VAT).
All available properties in DownTown Residense project
Villa in the area of Ayia Omologites
In the heart of Nicosia, in the neighborhood of Ayia Omologites near the Greek Embassy, a new project of a luxury 6-bedroom villa is being constructed. It is a part of an exclusive residential complex. The property is priced at €3.7 million and includes an expansive 555m2 of land with covered and open terraces, a spacious 350m2 garden, a swimming pool, and a three-car car park. The villa features a unique design and architecture focusing on eco-friendly and energy-efficient solutions, including photovoltaic panels, automation systems, and thermal windows.
The complex offers high-end amenities such as a gym, playground, concierge service, and charging stations for electric vehicles. Residents can also enjoy a sauna, yoga lawns, walking and cycling paths. The interior of the villa is decorated with branded materials, including an Arclinea kitchen and exquisite bathroom fixtures, making this home an ideal choice for comfortable and stylish city center living.
Carolina Park
Located in the picturesque area of Latcha, just five kilometers from the center of Nicosia, Carolina Park is a luxury development from a trusted developer. This exclusive ensemble of villas combines elegance and functionality, offering spacious 3 or 4-bedroom homes ranging in size from 144 to 431m2.
The villas are constructed using high-quality building materials that comply with European standards, which guarantee excellent noise, heat, and sound insulation. This not only increases the comfort of living but also contributes to significant energy savings due to the energy efficiency of class A.
Carolina Park is more than just housing, it is an opportunity to live in a top location with comfort and style, making each villa an ideal choice for those who value quality and convenience. Prices for villas start from €580,000 to €2.3 million, providing a variety of choices for potential homeowners.
All properties available for purchase in Carolina Park
Larnaca is a city with a rich historical heritage, which is also actively included in the list of attractive places to buy property in Cyprus. In the spring of 2024, the construction of several new residential complexes will begin here, offering comfortable apartments with views of the Mediterranean Sea. These projects are aimed at different categories of buyers, from young professionals to retirees looking for a cozy place to live. An important feature of Larnaca is its strategic location, convenient transport accessibility, and well-developed infrastructure, making life in this city as comfortable and enjoyable as possible.
Kyraldino
Located in the quiet neighborhood of Kamares in Larnaca, Kyraldino is a new development that combines comfort and functionality. The two-bedroom, two-bathroom flats offer spacious layouts with an open-plan kitchen that flows harmoniously into the expansive living room.
Each flat features a 23m2 covered veranda, providing the perfect space for outdoor relaxation. Energy efficiency is ensured through aluminum double glazing and solar panels, helping to reduce energy costs. High-quality finishes add a sense of elegance and style to each residence.
Additional amenities include a covered car park and storage room, enhancing the comfort of living. With a distance to the sea of only 3500 meters, Kyraldino 1 offers ideal accommodation for those seeking tranquillity and privacy. Flat prices range from €185,000 to €255,000 (excluding VAT), making this complex an affordable and attractive choice in Larnaca.
All properties available for purchase in Kyraldino
Ideal Living 8
Located in the quiet neighborhood of Aradippou in Larnaca is Ideal Living 8, a new residential complex offering modern one or two-bedroom apartments. The location of the complex is ideal: close to a green park and close to Metropolis Mall and the main transport arteries, providing excellent accessibility to the city's amenities.
The apartments range from 50 to 84 m2 and are equipped with modern amenities including open-plan kitchens with granite worktops, built-in furniture, spacious living areas for comfortable living, and double aluminum double-glazed windows that provide excellent sound and thermal insulation. Each flat is equipped with a covered veranda, solar panels for water heating, water pressure, and air conditioning, as well as a covered car park with an electric car charger and storage room.
Prices start from €140,000 to €350,000 (excluding VAT), making Ideal Living 8 an affordable and attractive option for both personal living and investment. It is an ideal location for those who value convenience, quality, and proximity to nature and urban infrastructure.
All properties available for purchase in Ideal Living 8
Stylianou Court 11
One of Larnaca's up-and-coming neighborhoods, Vergina hosts the Stylianou Court 11, which offers modern two and three-bedroom apartments. These apartments are characterized by a cleverly designed open-plan kitchen with granite worktops and a spacious living room, creating an ideal space for family living and entertaining.
The apartment is equipped with modern amenities including fitted furniture in the kitchen and bedrooms, air conditioning, and double aluminum double glazing for comfort and energy efficiency. The 22m2 covered veranda offers additional space for outdoor relaxation. Solar panels for water heating and a photovoltaic system in the common areas reduce running costs, making living even more economical.
Each flat at Stylianou Court 11 also includes a covered car park, storage room, and video intercom, providing security and convenience for residents. The apartments range in price from €195,000 to €310,000, making them an affordable choice for those looking for quality accommodation in Larnaca with easy access to major transport links and proximity to essential infrastructure.
All properties available for purchase at Stylianou Court 11
Armonia Larnaca
In the Vergina neighborhood of Larnaca, Armonia Larnaca is a new residential development offering spacious apartments with modern design and high-quality materials. The apartments range in size from 91 to 107 m2 and include an open-plan kitchen, a wide living room, three exquisite bedrooms, and three bathrooms, providing ample space for comfortable living.
Each flat is equipped with a 20 m2 covered veranda and a 5 m2 balcony, offering views of the cityscape. To improve energy efficiency, double glazing is used in the windows and balcony doors, and solar panels are installed on the roof. These technologies not only reduce energy costs but also contribute to environmentally friendly housing.
The complex also provides a covered car park and storage room for each flat. The Vergina neighborhood has a well-developed infrastructure and all necessary amenities including shops, schools, and entertainment facilities are within walking distance. Prices for the apartments range from €265,000 to €325,000 (excluding VAT), making Armonia Larnaca an ideal choice for those looking for quality accommodation in one of Larnaca's most popular neighborhoods.
All properties available for purchase in Armonia
It should be added that when choosing a property in Cyprus, it is worth considering not only the location and quality of construction but also the legal integrity of the transaction. The Cyprus market is known for its transparency, but it is always recommended to conduct transactions with verified developers and through reliable agencies.
The Cyprus property market in spring 2024 offers many attractive opportunities for investment and comfortable living. Thanks to the variety of new buildings everyone can find their dream home here - whether it is an apartment overlooking the sea or a modern urban complex. Investing in Cypriot property remains a lucrative and promising venture, especially in light of current trends and infrastructure developments.
This digest will help you navigate the spring market offers and make the right choice based on your current and future needs.
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