Second Home in Cyprus: How to make your vacation home in Free areas of Famagusta a reliable source of income

Buying real estate in Cyprus has long gone beyond the simple concept of a "summer house by the sea." More and more foreigners are choosing resort residences as a place to relax, recharge, and enjoy privacy.

Such housing can make life more pleasant and be a profitable investment. This is especially true for properties in the southeastern part of the island. Let's look at what a holiday home in Cyprus is, why you should consider buying one in the free areas of Famagusta, and how to make it generate a stable income even when you are away from the island.

What is a vacation home, and why do you need one?

A holiday home is a second home that people buy mostly for fun during the summer or winter. It is usually located near the sea, in a tourist-friendly region with a mild climate, developed infrastructure, and high rental potential.

In Cyprus, these are usually villas located in the areas of Protaras, Kapparis, Paralimni, Pernera, and Agia Triada. The owner lives in the villa for a few weeks each year and rents it out to tourists for short stays during the rest of the year. This allows you to:

1. Cover some or all of the costs of maintaining the property.
2. Get a steady paycheck in euros.
3. Put your money into something that will increase in value.
4. You can have your own cozy space on the Mediterranean whenever you want.

If you're looking to buy a holiday home in Cyprus, the best place to look is in the free areas of Famagusta

The free areas of Famagusta have beautiful beaches and clear water. They are popular with tourists and have many restaurants and stores. During the high season, it is common for people to rent their homes or rooms for short periods of time. Why is this a great place to invest?

1. The best beaches in Cyprus (Nissi Beach, Fig Tree Bay) are all here.
2. Many tourists from Europe, the Middle East, and the CIS visit the region.
3. The rental season is from April to November.
4. The area's infrastructure is improving quickly. New restaurants, shops, and entertainment venues are opening all the time.
5. There are many different properties to choose from, including affordable studios and luxury villas.

The free areas of Famagusta have been the most popular vacation spots in Cyprus for several years. According to analytical platforms such as AirDNA and Booking.com, the occupancy rate here exceeds 85% in summer. People really want detached villas with swimming pools and views of the sea. On average, you can rent out your property and earn €3,000 to €6,000 per month. The exact amount depends on the location and how comfortable the property is.

TOP 5 areas in Free areas of of Famagusta that you should consider

The most popular areas for investing in holiday homes in the south-eastern part of Cyprus are:

1. Protaras is one of the most popular and prestigious resorts in Cyprus. It has beautiful blue flag beaches, cozy bays, and many tourists visit from July to August. Prolaras has great amenities and is a great place for families with kids and for people who like to be active.
2. Kapparis is a small area where you can relax in peace. It is especially popular with Europeans who prefer a quiet, relaxed pace and distance from the tourist crowds. At the same time, the area is being developed with modern apartment buildings. It has cozy bays, low-rise buildings, and the property values are expected to grow.
3. Paralimni is the administrative center of the region, where local life is always happening, even in winter. It's a great place to buy property to rent out. It's a good option for tourists and digital nomads.
4. Perenera is a very popular place with tourists. It has a combination of nature and new housing complexes. We are building modern, high-quality residences here that are very comfortable. This is one of the fastest-growing places on the coast.
5. Agia Triada is the perfect place for a leisurely vacation. The area has a low number of buildings, a family-friendly atmosphere, and is close to the sea. Tourists who prefer stability and comfort often return here. Agia Triada is a great place for people who want to relax, enjoy their family, and have access to nice facilities.

Why is it better to invest in villas rather than apartments?

While apartments in Cyprus are usually cheaper, villas offer the best return on rental. The reasons are obvious:

1. Tourists and families prefer to be alone, have their own pool and garden, and be private.
2. People usually book villas for long periods, especially during high season.
3. Renting a detached house costs more, but the maintenance costs are moderate.

Also, more people want villas, and this interest has grown a lot since the pandemic. Renters today are a more diverse group than in the past. Classic tourists from Europe, Israel, and the Persian Gulf have been joined by:

1. People who work remotely and prefer the Mediterranean climate.
2. Families with children looking for large villas with a kitchen and their own private outdoor space.
3. Winter visitors from the CIS and Europe who book accommodations for two to three months during the off-season.

Holiday homes are becoming a popular option for different types of tenants, no matter the season.

Here are some profitable options for investing in a holiday home

Below are some great villa options in the free areas of Famagusta. They are ideal for both vacationing and short-term rentals, especially during periods when the property is not being used. These properties are located in the most popular coastal areas and have high investment potential because they are always in demand from potential tenants.

New 4 -bedroom villa in Protaras

This property is more than just a house by the sea; it's a complete vacation home with the potential to be rented out at high rates. The villa's location and features make it a great place to rent out to guests during the busy season. The villa and location have these advantages:

1. It is only a five-minute drive to Fig Tree Bay, one of the best beaches in Cyprus, and it has the Blue Flag award.
2. Modern architecture features clean lines, white walls, natural stone, and wood, which blend in with nature.
3. You can see for miles — the villa is on a hill, so you can see the coastline.
4. A private pool, terraces, and a landscaped garden make every day feel like a vacation.
5. Only 10 villas in the complex provide seclusion, privacy, and a premium lifestyle.
6. The apartment has covered parking and a roof terrace, which make it more comfortable and functional.

Price: 950,000 euros plus VAT.

New 4-bedroom villa for sale in Agia Triada

This stylish villa in Agia Triada is a great option for people looking for a property that will make money. It is also close to the beach. The mansion is part of an exclusive residential complex of 10 private residences for those who appreciate comfort, beauty, and a prestigious location.

The project is scheduled for completion in 2027, but you can already invest in one of the most promising properties in the region. The villa and location have these advantages:

1. It is just 100 meters from the beautiful blue sea.
2. The property has an elegant infinity pool with mosaic or ceramic tiles that make it look like a resort.
3. There is a large barbecue area and a poolside shower with hot and cold water.
4. There is a beautiful garden on the roof of the building. From there, you can see the sea and the sunset.
5. The building is made of strong concrete, it has a pressurized water supply system, and it has high-quality plumbing. Everything has been carefully designed.
6. The option of installing video surveillance and an alarm system, as well as energy efficiency class A, ensures safety, convenience, and savings.
7. The inside of the project will be designed in a modern Mediterranean style: light colors, natural materials, spaciousness, and plenty of light. All rooms are designed to make life comfortable for the people who own them and their guests.

Price: 1.5 million euros plus VAT

New four-bedroom villa in Kapparis

A unique villa in the Kapparis area with direct sea views is a great example of how style, comfort, and profitability can be combined in one property. This mansion is located just 30 minutes from the coast and could be your second home or a source of high income.

On the first floor, you'll find a large, bright area with an open kitchen, dining area, and cozy living room. The floor-to-ceiling panoramic aluminum doors are insulated to keep the heat and noise inside, and they offer stunning views of the private infinity pool. It's a place where you want to stay, relax, and enjoy the Cypriot sun. The second floor has four large bedrooms. The rooftop garden with its stunning views of the Mediterranean Sea is a true oasis of tranquility, where the daily beauty of sunrises and sunsets becomes a daily ceremony. You could also expand the house by adding a basement.

Price: €800,000 plus VAT

New 4-bedroom villa in Pernera

The villa is located just 800 meters from the pristine Blue Flag beaches. It is part of a gated complex of 12 modern residences. Each residence is designed with comfort, aesthetics, and privacy in mind. At the same time, the resort town of Kaparis is only a 2-minute drive away, and the legendary Ayia Napa with its active resort life is 10 minutes away.

This villa is great for your own use and for renting out to guests. During the peak season, you can make up to €650 per day. This is because there is a high demand for big, beachy houses in Cyprus.

The project has a modern minimalist style, with clean lines, light facades, well-thought-out layouts, and high-quality materials. The house has big bedrooms, a bright living area, and an open kitchen. Everything in the house has been carefully designed. The villa has a private pool and an optional rooftop terrace with a BBQ area, which makes it particularly attractive to renters looking for comfort and privacy. When you choose this villa, you are not just buying a property, but a valuable asset that has a great location, beautiful architecture, and the potential to generate reliable rental income.

Price: €650,000 plus VAT

New 4-bedroom villa in Kapparis

Another unique gem in the heart of Kapparis is a luxurious four-bedroom villa in a prestigious complex of five private residences. The house is located just 200 meters from a beautiful beach and has everything you need for a comfortable life and successful rental. It has spacious interiors and private relaxation areas. You can rent it out for a day at a time, which is great for investors looking for a way to make money quickly. Here are some of the most important features of this villa:

1. There is a large living area with an open kitchen, dining room, and living room.
2. There are three bedrooms with double beds and closets, and one more bedroom.
3. The house also has a stylish family bathroom and a separate guest toilet.
4. There is a large roof terrace with seating and a great view of the sea.
5. There is a private infinity pool with a shower and a barbecue area.
6. The basement could be used as a gym, storage room, or movie theater.
7. It has a garden and covered parking, and it is energy-efficient.
8. The house has high-quality insulation and double glazed windows. It also has modern engineering solutions.
9. It is within walking distance of shops and cafes.

Price: 650,000 euros plus VAT

New 4-bedroom villa in Agia Napa

This property by the sea is a great investment. It's beautiful and will make money for you. This new villa in the center of Ayia Napa is a great choice. It is in a group of 36 modern apartments that follow the latest architectural trends.

The complex is only 500 meters from the blue coast, and it's within walking distance of beaches, shops, restaurants, and everything that travelers from all over the world appreciate so much about Ayia Napa. The villa is in a lively location, so it is perfect for people who want to live there or rent it as a holiday home. This investment has the following benefits:

1. It has an elegant and modern architectural style.
2. It is in a great spot in the tourist center of the free areas of Famagusta.
3. The design is modern and the layout is well thought out.
4. There is a private area with a garden. You could put in a swimming pool and a relaxation area.

There is a lot of potential for making money renting out this property because Ayia Napa is a very popular place with tourists.

Each of the 36 villas in the complex is a combination of beauty, practicality, and comfort, created for living without compromise. If you invest in this project during construction, you'll get a great price and the chance to become a property owner in one of the most popular areas of Cyprus.

Price: €620,000 plus VAT

New 3-bedroom villa in Pernera

This villa is perfect for those who like modern architecture and natural beauty, who love simple designs that are also comfortable and practical. The house has three big bedrooms, each with its own bathroom and closets. This makes it great for comfortable living and relaxation. The large living room, along with the kitchen and dining area, creates a bright, open space that serves as the heart of family life. The villa has a private pool, a garden with a design plan, a roof terrace with great views, and an outdoor seating area.

The complex is in a great spot, just two minutes from the new Paralimni marina and within walking distance of popular beaches and stores. This is a place where you can enjoy peace and privacy without missing out on the fun and excitement of the region's resort lifestyle. This is more than just a house by the sea; it's a complete lifestyle in Cyprus. Here, style, comfort, and rental income are perfectly balanced.

Price: €617,000 plus VAT

How to rent out your property while you are outside Cyprus?

You can rent out your property on a short-term basis and earn a stable income even when you are outside the island. You don't have to be personally involved in the process. There are management companies in Cyprus that focus on renting out real estate. They handle everything related to the property. This includes meeting guests, cleaning, maintaining the villa or apartment, and updating listings on platforms such as Airbnb and Booking. This frees you up to focus on other things and lets you keep your property's rating high.

You can also install video surveillance, a smart home system, and remote access control for complete peace of mind. You can track bookings, control prices, and receive reports through special apps.

It's easy to rent out a holiday home in Cyprus remotely. The most important thing is to choose a reliable partner and set up the processes correctly. Your home will work for you, even when you are thousands of miles away.

Read also:

1. How do you move elderly parents to Cyprus?
2. What documents are required to sell a property in Cyprus?
3. Interview with Maryna Komarnytska - Head of DOM Real Estate Office in Famagusta
4. How to divide real estate during divorce in Cyprus: rules and subtleties
5. Overview of Free Areas in Famagusta: Where Is Best Place to Buy Real Estate?