Luxury properties are popular among many people across the world, but finding the right luxury property in Cyprus can be difficult. In this article, you will learn about the best luxury property in Cyprus.
Introduction
Luxury properties in Cyprus have become increasingly popular over the past few years as the island has seen an influx of wealthy international visitors. Whether you’re looking for a relaxing getaway or a luxurious base from which to explore the island’s many attractions, there are plenty of properties to choose from. In this article, we’ll discuss some of the best luxury properties in Cyprus and give you tips on how to find them.
List of the Best Luxury Properties in Cyprus
Here are some Luxury Properties in Cyprus
1. Blue Lagoon Resort
This 5-star property is located on the southeast coast of Cyprus and offers stunning views of the Mediterranean Sea. The resort features an infinity pool, a spa, and a golf course.
2. Latchi Seaside Resort
This 4-star property is located on the southwest coast of Cyprus and offers stunning views of the Mediterranean Sea. The resort features an infinity pool, a spa, and a golf course.
3. Krasos Palace
This 5-star property is located in the heart of Limassol and offers stunning views of the Gulf of Limassol. The palace features an indoor pool, a fitness center, and a spa.
4. Coral Bay Resort & Spa
This 5-star property is located on the north coast of Cyprus and offers stunning views of the Mediterranean Sea. The resort features an indoor pool, a spa, and a tennis court.
5. Porto Plaza Resort & Spa
This 5-star property is located on the northwest coast of Cyprus and offers stunning views of the Mediterranean Sea. The resort features an indoor pool, a spa, and a tennis court.
Potential Pros and Cons of a Luxury Property in Cyprus
There are many potential pros and cons to owning a luxury property in Cyprus. Here are some of the more notable benefits and drawbacks of this type of investment:
Benefits:
Cyprus has a number of beautiful luxury resorts that offer stunning views and luxurious amenities. Properties here can be expensive, but they offer a unique opportunity to live in one of the most popular tourist destinations in the world without having to worry about the hustle and bustle of city life.
Some people also enjoy the feeling of exclusivity that comes with living in a luxury property. Owning a property here can give you bragging rights, as well as an opportunity to make connections with other wealthy individuals.
Drawbacks:
One downside to buying a luxury property in Cyprus is that prices are often high. This means that it may not be feasible for someone who is not wealthy to own one. Additionally, Cypriots have been struggling economically recently, so it’s possible that a luxury property could become devalued if the market continues to decline.
A Look at the Cost of Living in Cyprus
When it comes to luxury real estate in Cyprus, you’ll be hard-pressed to find a more picturesque location than this Mediterranean island nation. With world-class resorts and stunning coastal towns, Cyprus is a popular tourist destination for those seeking a peaceful getaway. But what does it cost to live here?
Compared to other European countries, the cost of living in Cyprus is relatively low. The country has a relatively small population and thus limited housing availability, which keeps housing prices comparatively lower. Additionally, taxes in Cyprus are also among the lowest in the EU, making it an affordable place to live and work.
However, while the cost of living is low on an absolute basis. The cost of purchasing a luxury home can be quite high. In fact, according to The Real Estate Market Review 2018 by Knight Frank (a London-based real estate company). The average price per square meter for luxury property in Cyprus is €2,505 ($2,915). This makes it one of the most expensive places in Europe to buy a luxury home. Nonetheless, if you’re looking for an exclusive location with spectacular views and plenty of amenities (including excellent schools and hospitals), Cyprus is worth considering as a luxury real estate destination
Conclusion
If you’re interested in finding a property in Cyprus that meets your specific needs and budget, our team at The Luxury Collection can help. Our experienced real estate agents are passionate about luxury properties and will go above and beyond to ensure that you find the perfect property for your needs. Contact us today to learn more about our services or to schedule a consultation!
