IPC Developers

New Homes vs Resale Homes: A Worthwhile Investment in Cyprus"

Discover why investing in new homes might be a smarter choice in the current Cyprus real estate market.

While older properties are priced at around €200,000, you can secure a brand-new apartment for just €250,000 - a €50,000 difference that offers immense value. New homes boast cutting-edge design, efficient appliances, and smart home systems, maximizing comfort and convenience. The ability to customize layouts, materials, and finishes caters to individual preferences, adding a personal touch.

Maintenance costs for newer properties are significantly lower compared to resale homes, resulting in long-term savings. Energy-efficient Class A homes can save homeowners approximately €80 per month on energy expenses, making new homes even more cost-effective.

What's more, builders and developers offer warranties and guarantees, providing coverage for any potential flaws or structural issues. This added security ensures peace of mind for investors and homeowners alike.

Don't miss out on investment opportunities in the thriving Cyprus property market.
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According to a recent report by PwC, the demand for residential properties within the €100k - €300k range has remained strong and continues to soar! 🚀

In 2022 alone, there were a staggering 7,600 residential properties transacted in this price range, representing a remarkable 19% year-on-year growth and an impressive 41% increase compared to the pre-pandemic levels in 2019. Wow!

In terms of transaction value, this segment accounted for approximately €1.3 billion during 2022, comprising 25% of the total value of transactions in the year. That's a substantial contribution indeed! 💵

The positive trend in the Cyprus real estate market is further underscored by the growth in residential property index prices. In 2021, prices experienced a healthy 3% increase compared to the previous year. And the good news doesn't stop there!

📊 Latest available information from Q3 2022 indicates that index prices have continued to climb, marking an impressive 6% year-on-year increase, as well as a solid 5% increase compared to Q4 of 2021. This sustained growth demonstrates the appeal and robustness of the Larnaca property market. 📈

If you're looking to invest or find your dream home in Larnaca, now is the perfect time! Don't miss out on this fantastic opportunity to make your property dreams a reality.
Get in touch with us today and let us guide you towards your dream property!

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Due to their high return on investment, villas in Larnaca are highly sought after for property investment. Locals prefer long-term rentals while tourists seek short-term villa rentals. If you are looking for a profitable investment, purchasing a villa in Larnaca is highly recommended. These villas are typically located on the outskirts of the district, offering benefits such as reduced pollution, privacy, and enhanced security.
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KAMARES VIEW RESIDENCE 2" located next to the beautiful 18th century Kamares aqueduct in Larnaca City.
Prices starting from €135,000 euro plus vat - 1 bedroom & €195.000 - 2 bedroom apartments.
✅Smart home technology
✅9 luxury apartments (6 x 2 beds & 3 x 1 beds)
✅Salt Lake views & front facing green area
✅Near to the First mall in Larnaca, Metropolis Mall & New Hospital
✅Next to supermarket, bakery, shops and Gym

The tourism industry in Larnaca is experiencing steady growth, attracting a significant number of annually. The city's status as a popular tourist destination creates numerous opportunities for businesses in the hospitality, leisure, and entertainment sectors.

By offering a diverse range of services and experiences tailored to the needs and preferences of tourists, entrepreneurs in these industries can capitalize on the increasing demand. Larnaca provides an ideal environment for businesses to flourish and contribute to the thriving tourism sector, thanks to its consistent influx of visitors.

Furthermore, the local administration in Larnaca actively promotes tourism through strategic advertising campaigns, participation in international travel expos, and collaborations with industry stakeholders. This commitment to tourism development fosters an environment where companies can thrive and collaborate with relevant authorities to establish sustainable tourism practices. With its dedication to the growth of the tourism industry, coupled with its stunning natural landscapes and captivating cultural attractions, Larnaca has become a sought-after destination for both leisure travelers and business professionals seeking to benefit from the tourism boom.

Larnaca is a popular tourist destination, with long tourist seasons that extend beyond the summer months. This makes it an ideal location for investment, as there is a high demand for rental properties.

Contemporary apartments in the city center and luxury villas on the outskirts of the city are particularly easy to rent out, as tourists are often looking for lavish accommodations. In addition, Larnaca is seeing an influx of foreign businesses, which means there is also a high demand for housing among employees.

The city has an exceptionally low crime rate, making it one of the safest in the world. This means that any property you invest in will be very secure. In fact, Cyprus is ranked as the 5th safest country in the world.

As a result, Larnaca property investment is a safe and lucrative option. With its strong tourism industry and growing business sector, the demand for housing in Larnaca is only likely to increase in the years to come.

Here are some additional benefits of in property in Larnaca:

The city is located in a strategic location, with easy access to other major cities in and the Middle East.
The cost of living in Larnaca is relatively low, making it an affordable investment.
The Cyprus government offers a number of incentives for foreign investors, including residency and citizenship programs.

If you are looking for a safe and profitable , then Larnaca property investment is a great option. With its strong tourism industry, growing sector, and low crime rate, is a city with a bright future.

Larnaca property investment is thriving; there is high foreign demand as well as local interest. With the various property types available to invest in, it is no wonder investors are interested in Larnaca. The landscape of the city provides opportunities to purchase luxury seafront villas and contemporary inner-city apartments. The Mediterranean climate, low crime rates and, well-developed sectors including foreign business, maritime and financial services make stand out.

✅6 x 2-bedroom luxury apartments & 3 x 1 bedroom luxury apartments with amazing Views of Kamares Aqueduct
✅Each apartment has one parking bay and storeroom
✅close to all amenities and with a spectacular view of the l8th century Kamares Aqueduct
✅Superb location next to 18th century Kamares Aqueduct
✅Salt Lake views & front facing green area
✅Ideal for Families
✅Affordable Prices
✅Near to the First mall in Larnaca: Metropolis Mall Hospitals, Educational
Institutions and Local Amenities

For inquiries Visit the Link below:
https://www.ipcdevelopers.com/inquiries/

IPC DEVELOPERS specializes in the development of commercial and residential property offering a wide range of properties in Cyprus.

More about us :
https://www.ipcdevelopers.com/about-us/

✅8 luxury & spacious high end apartments
Close to the New American University, Educational Institutions and Local Amenities
✅Sea View
✅500 meters to the beach
✅Close to Larnaca City Centre
✅Near the new & largest Marina in Cyprus
✅Excellent rental opportunities with a high return on investment

Explore Mirna Residence By IPC developers

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Invest in a New Student Accommodation gated compound next to a British University in

✅ UP to 130 studios to be constructed
✅100 meters from the British University UCLAN
✅High demand
✅Immediate GUARANTEED income, 9% p.a for 5 years i
✅ Study Library
✅Restaurant
✅Cafeteria
✅Games room
✅Gym facility
✅Mini market
✅Secured Compound with 24/7 security
✅Concierge
✅10 minutes to the centre of Larnaca

Send us for a professional consultation to discuss the investment opportunity.

IPC is proud to present its new residential project "JASMINE RESIDENCE" located close to the Centre of .
7 luxury & high end
Near the new & largest Marina in
Biggest Investment area in Larnaca with foreign investments
Excellent rental opportunities with a high return on investment
Close to the New American University, Educational Institutions and Local Amenities

For more contact us