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.
The investor, or owner, rents out the property to tenants directly or through a management company for short or long-term periods. In return the investor earns regular rental payments, which can be from residential rentals, such as houses, condos or apartments, or from commercial rentals which can be offices or retail spaces.
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.
If looking for the best investments in luxury properties in Larnaca, investors can choose from a wide range of different types of investments in Larnaca, 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.
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
