Because of its location in the Southern part of Cyprus, Limassol’s bustling town tops most charts. It dominates the best place for work, vacation, and even investments. If you are wondering why houses for sale in Limassol have become very popular for overseas homebuyers, you’ve certainly come to the right place. You can view more reasons here as this article explores why many people invest in real estate in this part of the world.
It really shouldn’t come as a surprise because Limassol possesses a wonderful historic presence, panoramic vistas, long coastlines, and a dynamic culture like no other. You will find it a great place to call home with its strong education system. Besides, Cypriots showcase unbeatable hospitality to foreigners. Hence, you will undoubtedly feel right at home.
On top of that, you entrepreneurs find a robust market, making it a great place to establish a business. The tourism industry adds to the economy as it continually grows. Thus, if you’re house hunting for a “home away from home” in Cyprus, Limassol should be on the top of your list. Take a good look at why many foreign nationals keep an eye out on houses for sale in Limassol for their next big investment.
Purchasing Real Estate is Affordable and Easy
Cyprus is an island country divided into north and south. The northern area is considered Turkish and not part of the European Union. Meanwhile, the southern area, where you will find Limassol, is more Greek. Hence, it is considered a part of the EU. Because of this geographical consideration, the southern side has a lower risk. Thus, you will find it comfortable to invest in property here.
In contrast, both buyers and sellers find it extremely difficult to purchase and sell property in the north. For this reason, investors prefer to travel down south. Also, the houses for sale in Limassol have better and faster approval conditions.
Hence, buying property in the area turns out pleasurable and not stressful. Apart from that, the lower property rates make the house in Limassol enticing. After all, it clocks in cheaper compared to other parts of the world with the same environmental conditions.
Take Advantage of Amazing Locations
The houses for sale in Limassol look visually stunning. More so because they are set amid a beautiful backdrop. After all, living in this town means being in the heart of a historic city with amazing scenery. If you choose an interior area, you enjoy stunning cityscapes. Meanwhile, houses along the coastline have breathtaking water vistas and fresh ocean breeze. The beaches come lined with many quaint restaurants dishing up authentic cuisine that tickles your taste buds. Thus, it is no wonder why many visitors and residents alike love Limassol.
On top of that, the houses for sale in Limassol tickle the eyes as they are all aesthetically well designed to complement the amazing setting they’re situated in. You will enjoy the following:
- Great architectures
- Good workmanship
- Updated appliances
- Proximity to scenic spots
- Accessibility to good schools
Hence, whatever house you choose, you can rest easy. You will have a peaceful and beautiful environment for your family. These reasons make Limassol a favored location by both Cypriots and foreigners.
Provide a Gateway to the EU
Though it is a thriving town, Limassol retains its calm and serenity. You will enjoy a secure and quiet life, especially with its proximity to the EU. In fact, many foreigners adapt well to the locals. Foreigners usually come into town for the following reasons:
- Setting up their own business
- Pursuing further studies
- Being sent by work
- Going on holiday
Because many people come into town from all parts of the world, you will find a pretty diverse culture here. Thus, it becomes even more attractive for foreign investors. If you look at houses for sale in Limassol, you enjoy a significant advantage because it is a member of the EU. It definitely makes more sense to buy a property here than choosing one that’s isolated. Indeed, the centrality of Limassol makes it the perfect place to call home.
Attain Precious Permanent Residency Status or Citizenship Via Investment
The best thing about buying houses for sale in Limassol is an investment grants you and your family permanent residency or citizenship. Cyprus immigration laws state that investing at least 300,000 euros grants you legal residency for yourself and your immediate family members.
In addition, investing 2 million euros and more in real estate allows you to meet the conditions of the citizenship program. With residency or citizenship, you can live, study, and work in Cyprus with all your family members. Investing in Limassol not only gives you Cypriot residency or citizenship but gives you easy access to the rest of the European Union.
Provide a Great Value for Hard-Earned Money
You will find different types of houses for sale in Limassol. This includes rental villas, condos, and townhomes. Because of the idyllic location of these properties, you can enjoy tenancy for what you own. If you’re out of town, you can easily sublet it to others with the help of a management company. People love being in this town with its magnificent views and lovely lifestyle. A lot of people crave a relaxing environment.
As a result, you can enjoy passive income coming in every month with your newly bought property. With so many tourists and other transient visitors, rental properties are always in demand in Limassol. On top of that, you can command a good price for your property because it is a hot item.
Final Wrap Up Houses for Sale In Limassol
Investing in a home with a good location means you will not regret your decision. Whether it is a dream home or a second investment home, you must take your time in choosing. After all, you are making a big financial commitment.
A home in Limassol can provide you with everything you need. It is suitable and appealing because of its ideal location, along with all the other perks that come with it. You will find a lot of home designs and a broad range of prices, so you can undoubtedly find one that best fits your needs.