Larnaca, close to many other major cities in Cyprus suchas Limassol, Nicosia, and Ayia Napa, is a coastal city situated on the southern coast of Cyprus, east of Limassol and south of Nicosia.
As the third-largest city in Cyprus, Larnaca has the benefit of having the island's main international airport, Larnaca International Airport (LCA), which makes it the primary entry point for most visitors to Cyprus.
Larnaca has a rich history, as well as modern real estate developments, making it both a cultural hub and a fast-growing real estate destination with international buyers focussed on luxury properties and investment in Real Estate in Larnaca Cyprus.
Property in Larnaca can increase in value over time
As the property increases in value over time, often used in growing markets (albeit there can be periods of decline) but overall property values do increase, and can then be sold at a profit.
Investors may be able to deduct expenses such as mortgage interest, property taxes, insurance, and depreciation adding to the value of ownership.
Investors can choose from a wide range of different types of cheap investment property from residential homes, condos, duplexes, or apartments, to commercial offices, retail stores, or industrial buildings leased to businesses.
Also there are mixed-use properties combining residential and commercial elements as an option, plus land, with or without planning permission, that can be developed on or sold again for future real estate development.
FEATURED CYPRUS LISTING
Location : Germasogia, Limassol
Property Type: For Sale By Owner FSBOProperty Terms: For SaleLocal Currency Price: Price in USD: $935,000
Larnaca generally has a very stable property market and purchasing or selling properties is done in a transparent manner. Larnaca is well-regulated, with strong legal protections for ownership, and relatively low political risk provides peace of mid to investors and private buyers looking for real estate opportunities.
In sought-after cities and tourist destinations, property values have shown consistent long-term growth-especially in areas with at times limited supply.
Real Estate Agents and Property Developers in Cyprus
