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Buying luxury apartments near yacht marinas in Cyprus

Home page » Useful information » Buying luxury apartments near yacht marinas in Cyprus
Yacht marinas in Cyprus, buying luxury apartments near the coast overlooking the sea.
Author of the article:
Anastasia
Northern Cyprus
Real Estate Specialist
Date:  13.10.2024
Updated: 10/14/2024
Reading time: 12 min.
Views:  1,049

Cyprus has long been a magnet for those who are looking for not just a place to live, but also an opportunity for profitable real estate investment. This sunny island attracts not only with its rich history and culture, but also with unique offers on the elite real estate market. One of the most attractive options are luxury apartments near yacht marinas in Cyprus, which offer not only comfort and luxury, but also a unique lifestyle associated with the sea and yachts.

In this article we will look at why buying a marina apartment in Cyprus is not just an investment, but an opportunity to become part of a special world full of beauty, tranquility and status.

Advantages of buying an apartment near a yacht marina in Cyprus

When I first visited Cyprus, I was struck by the atmosphere around the yacht marinas. Imagine: morning coffee overlooking the turquoise sea, with yachts bobbing on the waves, and peace and tranquility all around. This is not just a dream, but a reality for owners of luxury apartments near yacht marinas. Let's take a closer look at what makes such real estate especially attractive.

A unique way of life

Living by the sea is not just about beautiful views, it's a whole lifestyle. Every day you can enjoy strolls along the seafront, explore new restaurants and cafes, and at weekends you can go sailing on your own yacht. For water sports enthusiasts, the opportunities for diving, surfing and fishing are endless.

Direct access to premium infrastructure

Luxury apartments near yacht marinas not only provide you with access to the sea, but also open the door to a world of high-class infrastructure. The best restaurants, stores, sports clubs and spas are all within walking distance. For example, Ayia Napa has a chic seafood restaurant where the chef prepares dishes right in front of the guests.

Wide promenade overlooking the sea and city buildings in the background, sunny weather, cypress trees along the road.

Prestige and status of the property owner

Buying an apartment near the yacht marina means not only becoming a property owner, but also joining the circle of people who appreciate comfort and style. It is a status place where you will be surrounded by like-minded people. At one of the Limassol Marina events, I met several yacht owners who shared their stories and experiences. It was not only interesting but also useful: you have the opportunity to make useful acquaintances and broaden your horizons.

Calm atmosphere and high safety standards

One of the most valuable aspects of living near a yacht marina is peace of mind and security. These areas are usually guarded and provide a high level of security for their residents. This sense of security is very important, especially when you are considering buying property in Cyprus for foreigners.

Popular yacht marinas in Cyprus for luxury real estate investment

Now let's take a look at which yacht marinas in Cyprus are the most popular for luxury real estate investment.

Limasol Marina

Limassol Marina is the largest and most famous yacht marina in Cyprus. Not only yachts are concentrated here, but also many restaurants, stores and entertainment venues. The size of the marina is impressive with a capacity of over 600 yachts and a wide range of services for owners. The marina offers everything you need for a comfortable vacation and active life: from yacht rentals to professional yacht maintenance and storage.

In addition, Limassol Marina offers a unique lifestyle. Residents can enjoy morning jogs along the waterfront, evening walks with sunset views and a variety of cultural events that regularly take place in the area.

Pool in a villa by the sea with palm tree and lounge chairs, yachts against the blue sky.

Investing in real estate near Limassol Marina is not only comfortable, but also highly liquid. Apartments here are in high demand among both locals and foreign buyers. I have seen the interest in this neighborhood increase significantly over the past few years. Many investors see Limassol Marina as an ideal place to invest, as apartment prices are steadily increasing.

Ayia Napa Marina

Ayia Napa is a famous resort that has become home to a new project - Ayia Napa Marina. This project offers not only luxury apartments by the sea, but also a unique infrastructure, including stores, restaurants and entertainment venues. Here you will find everything you need for a comfortable life and active vacation. This is an ideal place for those who are looking not only for a place to live, but also for a lifestyle.

In addition, Ayia Napa is famous for its entertainment culture. The area is home to famous clubs, bars and restaurants where you can enjoy evening entertainment. I have visited local establishments more than once, and each time I was amazed by the variety of offerings, from exquisite local cuisine to international gastronomic masterpieces. This makes life in Ayia Napa rich and interesting.

Not to forget Ayia Napa's proximity to other popular tourist destinations in Cyprus, making it attractive to those who want to explore the whole island. Within a short drive are picturesque beaches, historical sites and picturesque villages where you can enjoy the authentic Cypriot atmosphere.

Marina in Larnaca

Marina in Larnaca is becoming increasingly popular with foreign investors. This region is actively developing and new opportunities for buying real estate are opening up here. Larnaca attracts with its atmosphere and proximity to the airport, which makes it convenient for those who travel frequently.

Larnaca offers a unique blend of traditional Cypriot culture and modern amenities. Walking along the seafront, you can enjoy picturesque sea views and historical landmarks such as St. Lazarus Church and Larnaca Fortress. These places create a special atmosphere that blends history and modernity

Modern hotel with pool and terrace with a backdrop of sunset and harbor buildings.

An equally important factor is the development of infrastructure. New residential complexes are being actively built in Larnaca, which creates additional opportunities for real estate investment. I have heard from local realtors that the demand for apartments in this area is growing and this only confirms its attractiveness. Investors can count on high rental income and stable growth in real estate prices in the future.

These yacht marinas offer excellent investment opportunities in the luxury real estate in Cyprusand each has its own unique features and benefits.

Legal and financial aspects of buying luxury real estate

When it comes to buying luxury apartments near yacht marinas in Cyprus, it is important to understand the legal and financial aspects of the transaction. This will help you avoid unpleasant surprises and make the buying process as easy and safe as possible.

AspectDescription
Purchase conditions for foreignersCyprus offers attractive conditions for foreign buyers. In order to buy an apartment from the marina, you must obtain a permit from the Cyprus Ministry of Interior. This is a standard procedure that usually does not take much time.
Need to engage a notary and a lawyerIt is recommended to engage a notary and a lawyer to support the transaction. These specialists will help you understand the legal intricacies, check all documents and make sure that there are no encumbrances or debts. Having an experienced lawyer ensures protection of your rights and confidence in a smooth transaction process.
Taxes on buying and owning real estateIt is important to consider the taxes associated with buying and owning property in Cyprus. When buying an apartment, a transfer tax is payable, which varies depending on the value of the property. Owners are also required to pay an annual property tax. Cyprus offers low tax rates compared to other European countries.
Financing options and mortgagesIf it is not possible to buy an apartment with cash, financing options can be considered. Many banks in Cyprus offer mortgages for foreign buyers with competitive interest rates. Investors report obtaining a mortgage with favorable terms, which simplifies the buying process.

How to choose a luxury apartment by marina: key criteria

Choosing the perfect apartment near a yacht marina is not only a matter of finances, but also a matter of personal preference. Let's take a look at the key criteria that will help you make the right choice.

View of the sea and yachts

The first thing you should pay attention to is the view from the window. Apartments with sea and yacht views will always be in high demand. I remember once visiting one of the apartments in Limassol Marina with a stunning panoramic view. Opening the balcony doors, you feel the fresh sea breeze filling the room and the breathtaking scenery unfolding in front of you. This feeling of freedom and connection with nature cannot be described in words!

Modern buildings and yachts against a sunset backdrop in an upscale coastal neighborhood.

Facilities in the complex

Pay attention to the amenities that the residential complex offers. Having swimming pools, fitness centers, security and private beaches are not just luxuries, but important aspects of comfortable living. This is the perfect place to relax and have fun with friends and family.

Architecture and design

An equally important criterion is the architecture and design of the apartment. Modern designs that emphasize status and prestige will always be in price. Many magnificent buildings that harmonize with the surrounding landscape and create a unique atmosphere. Choose those apartments that evoke positive emotions and inspire your life.

Opportunities to generate rental income

Buying a luxury apartment near a yacht marina in Cyprus can become not only your personal corner of paradise, but also a profitable investment project. The possibilities of earning income from rental property in Cyprus are very attractive, especially in popular tourist areas.

Attractiveness for short-term and long-term rentals

Luxury apartments by the sea are in high demand for both short and long term rentals. Tourists looking for comfort and luxury will be happy to stay in your accommodation, and yacht owners are often looking for temporary accommodation during their trips.

Modern villas by the sea with yachts on the horizon, sunset over the coast in a residential complex.

High demand from tourists and yacht owners

Cyprus is one of the most popular tourist destinations in Europe. Millions of tourists come here every year, and the demand for housing near yacht marinas is only growing. This is a great way not only to enjoy your own home, but also to earn money from it.

Example of calculating rental income from a luxury apartment in a yacht marina

To better understand what kind of rental income you can get, let's look at an example. Suppose you have purchased a luxury apartment near Limassol Marina for 500,000 euros. If you rent it out on a short-term basis at €200 per night and have 70% occupancy throughout the year, your annual income will be around €51,000. That's quite an attractive prospect, isn't it?

Prospects for real estate price growth at the marinas

When you are considering investing in luxury apartments near yacht marinas in Cyprus, it is important to understand the outlook for property prices. This will help you assess how profitable your investment will be in the long term.

Trends in the real estate market in Cyprus

The Cyprus real estate market has shown positive dynamics in recent years. According to various analysts, interest in real estate in Cyprus is growing, especially in the luxury segment. I remember seeing in one report that the prices of apartments near the marinas have increased by 10-15% over the last year. This shows that investing in real estate in Cyprus is becoming more and more attractive.

Yachts near picturesque Mediterranean villas on the shores of the turquoise sea under clear skies.

Why apartments near marinas are considered liquid investment properties

Apartments in marinas will always be in demand due to their unique location and high quality of life. They are liquid properties, which means they can be easily sold or rented out. I have spoken to several owners who have told me that their apartments were sold within just a few months of being put on the market. This confirms that such properties will always be in demand.

Expectations for price growth in the coming years

Experts predict that the prices of real estate in Cyprus will continue to grow in the coming years. With infrastructure development, increased tourist numbers and growing interest in real estate investment, we can expect to see marina apartments become even more valuable. Many people I have spoken to believe that now is a great time to invest and I fully agree with their views.

Conclusion

Buying luxury apartments near yacht marinas in Cyprus is not just a real estate investment, it is an opportunity to change your life for the better. You get access to a unique lifestyle, high security standards and quality infrastructure. In addition, you open up the prospect of citizenship and a stable rental income.

If you want to know more about buying real estate in Cyprus or get advice on this matter, do not hesitate to contact our company. We are ready to help you find the perfect apartment by the yacht marina and make your dream come true. Contact us by phone or through our website and let's make a step towards your new home in sunny Cyprus together!

Frequently Asked Questions

Buying an apartment near a yacht marina offers a unique lifestyle with beautiful sea views, direct access to yachts and luxury infrastructure such as restaurants, stores, sports clubs and private beaches. These properties also attract the attention of tenants, making them profitable investments.

 

The most popular yacht marinas for buying luxury real estate are located in Limassol, Ayia Napa and Larnaca. Limassol Marina is known for its developed infrastructure and prestige, Ayia Napa Marina attracts modern investors due to new projects, and Larnaca is actively developing, offering favorable conditions for investment.

 

Foreigners can buy property in Cyprus without restrictions, but it is important to make sure that the transaction is in full compliance with local laws. It is recommended to engage a notary and a lawyer to verify the documents, register the property and ensure the legal integrity of the transaction.

 

Renting a property near a yacht marina, especially in tourist areas, can generate high returns, especially during the peak tourist season. Expected returns can vary depending on location, property type and season, but marina apartments have a high demand for short-term rentals among tourists and yacht owners.

 

When buying property in Cyprus, you should take into account the property transfer tax (from 3% to 8% depending on the value) as well as the annual property tax. The purchase of luxury properties may also incur additional costs for the maintenance of common areas and amenities in residential complexes near the marina.

 

Although the citizenship by investment program in Cyprus has been suspended, property buyers can still take advantage of residence permit programs that allow them to live and travel in EU countries. For this purpose, the minimum value of the real estate investment must meet the requirements set by the state.

 

The price of apartments near the marina depends on several factors: proximity to the sea, views of yachts, quality of infrastructure in the residential complex, prestige of the area and popularity of the marina. Villas and apartments with panoramic sea views and direct access to yachts usually have a higher price.

 

Complexes near yacht marinas offer many amenities for residents, including secure yacht parking, fitness centers, swimming pools, spas, restaurants and upscale shopping. Some complexes also offer private beaches and 24-hour security.

 

Choosing a reliable developer is a key to a successful purchase. It is advisable to research the reputation of the developer, familiarize yourself with completed projects and get recommendations from other buyers. It is important to make sure that the project meets international quality standards and has the necessary permits.

 

What are the advantages of buying a luxury apartment near a yacht marina in Cyprus?

Buying an apartment near a yacht marina offers a unique lifestyle with beautiful sea views, direct access to yachts and luxury infrastructure such as restaurants, stores, sports clubs and private beaches. These properties also attract the attention of tenants, making them profitable investments.

 

Which areas of Cyprus have the most popular yacht marinas for buying property?

The most popular yacht marinas for buying luxury real estate are located in Limassol, Ayia Napa and Larnaca. Limassol Marina is known for its developed infrastructure and prestige, Ayia Napa Marina attracts modern investors due to new projects, and Larnaca is actively developing, offering favorable conditions for investment.

 

What are the legal aspects to consider when buying a property from a marina in Cyprus?

Foreigners can buy property in Cyprus without restrictions, but it is important to make sure that the transaction is in full compliance with local laws. It is recommended to engage a notary and a lawyer to verify the documents, register the property and ensure the legal integrity of the transaction.

 

What kind of return can I expect from renting a luxury apartment from marina?

Renting a property near a yacht marina, especially in tourist areas, can generate high returns, especially during the peak tourist season. Expected returns can vary depending on location, property type and season, but marina apartments have a high demand for short-term rentals among tourists and yacht owners.

 

What are the taxes and fees associated with buying luxury real estate in Cyprus?

When buying property in Cyprus, you should take into account the property transfer tax (from 3% to 8% depending on the value) as well as the annual property tax. The purchase of luxury properties may also incur additional costs for the maintenance of common areas and amenities in residential complexes near the marina.

 

Is it possible to obtain citizenship of Cyprus when buying luxury real estate?

Although the citizenship by investment program in Cyprus has been suspended, property buyers can still take advantage of residence permit programs that allow them to live and travel in EU countries. For this purpose, the minimum value of the real estate investment must meet the requirements set by the state.

 

What factors affect the price of luxury apartments near yacht marinas in Cyprus?

The price of apartments near the marina depends on several factors: proximity to the sea, views of yachts, quality of infrastructure in the residential complex, prestige of the area and popularity of the marina. Villas and apartments with panoramic sea views and direct access to yachts usually have a higher price.

 

What additional amenities are available in residential developments near yacht marinas?

Complexes near yacht marinas offer many amenities for residents, including secure yacht parking, fitness centers, swimming pools, spas, restaurants and upscale shopping. Some complexes also offer private beaches and 24-hour security.

 

How can you choose a reliable real estate developer when buying real estate from marina?

Choosing a reliable developer is a key to a successful purchase. It is advisable to research the reputation of the developer, familiarize yourself with completed projects and get recommendations from other buyers. It is important to make sure that the project meets international quality standards and has the necessary permits.

 

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