16
03.2023
When it comes to buying property in Cyprus, choosing between a new or resale property can be a difficult decision.
However, there are many compelling reasons why purchasing a new property may be the better option.
In this article, we will describe the main reasons why it is more profitable to buy a new property in Cyprus.
➡️ Modern design and latest construction technologies
One of the primary advantages of buying a new property in Cyprus is the modern design and amenities that come with it. New properties are typically built with the latest technology and high-quality materials, making them not only more comfortable to live in but also increasing their resale value.
➡️ Layout and design according to your tastes
Another benefit of buying a new property is the ability to customize it to your preferences. With a new property, you have the option to choose your own finishes and fixtures, allowing you to create a space that truly reflects your personal style and taste.
➡️ Opportunity to save on utility bills
New properties in Cyprus are built with the latest energy-efficient technologies, which can help reduce your energy bills and minimize your carbon footprint. By choosing a new property, you’ll be able to enjoy these benefits and save money on utility costs.
➡️ Savings in communication maintenance
In addition to the aesthetic benefits, new properties in Cyprus require less maintenance than resale properties. This is because they have new plumbing, electrical, and HVAC systems, which means you won’t have to worry about expensive repairs for many years to come.
➡️ Bonuses and guarantees from developers
Furthermore, new properties often come with better financing options, as developers may offer incentives like lower interest rates to encourage buyers to purchase their properties. Additionally, new properties come with guarantees and warranties from the developer, which provides you with peace of mind and protects your investment in the property.
➡️ Cyprus permanent residence for the whole family
If you buy a new property in Cyprus for the amount of 300 thousand euros, you will have the opportunity to apply for permanent residence in Cyprus for the whole family through a simplified procedure. However, you are not subject to the requirements for permanent residence in Cyprus.
CONCLUSION
Buying a new property in Cyprus offers numerous advantages over buying a resale property. With modern design and amenities, customization options, reduced maintenance costs, improved financing options, guarantees and warranties, and energy efficiency, it's clear that purchasing a new property is the smarter choice.
Contact us
For enquiries please fill in the form below. Our consultants will contact you with the details.
Griva Digeni 49, Chrystalla Court 1st Floor Office 11, 6036 Larnaca, Cyprus
11B Lyuteranska St., off. 23, 01024
