Golden Mediterranean Sunrises

Hello, amazing readers!

Welcome back to the L.N. Prestige blog! I am absolutely thrilled to unveil an incredible real estate opportunity right in the vibrant heart of Paphos, Cyprus! This captivating city, steeped in history and basking in the glorious Mediterranean sun, is eagerly awaiting your arrival to embrace a life of luxury and elegance!

Embrace the Mediterranean Lifestyle

Imagine waking up to the sound of gentle waves kissing the shore, with golden sunrises lighting up the ancient landscape. Paphos, the legendary birthplace of Aphrodite, offers a sublime blend of ancient charm and modern luxury. As you stroll through its picturesque harbour and medieval fort, you can almost hear the whispers of history. This city, once the ancient capital of Cyprus for over 600 years, is a UNESCO World Cultural Heritage site, where every corner tells a story.

Exclusive Development in the Heart of Paphos

In the heart of this magical city lies an exclusive development. These elegant and modern city apartments are situated just a stone’s throw from the new Tepak University, the district courthouse, and a vibrant mix of cafes, bars, and shops. Each unit in this development is a sanctuary of comfort and sophistication, designed with open floor plans and high-end finishes. Plus, with allocated parking for each apartment, convenience is always at your doorstep.

A Golden Investment Opportunity

This development is not merely a residence; it represents a prime investment opportunity. Consider the potential for substantial rental yields and significant value appreciation. Situated near business districts and the university, these properties are ideal for both short-term and long-term rentals. Envision a consistent income stream as you lease these luxurious apartments, each a treasure in the heart of Paphos.

Apartment Prices:

Studios: Priced from €203,000 to €213,150 (Net to 5% VAT)
One-Bedroom Apartments: Priced from €273,000 to €324,870 (Net to 19% VAT)
Two-Bedroom Apartments: Priced from €385,000 to €464,100 (Net to 19% VAT)

Short-Term Rental Projections:

Studio Apartments: Daily charge: €135, Occupancy: 70%, Yearly income: €34,493, Gross ROI: 16.99%
One-Bedroom Apartments: Daily charge: €165, Occupancy: 70%, Yearly income: €42,158, Gross ROI: 15.44%
Two-Bedroom Apartments: Daily charge: €230, Occupancy: 70%, Yearly income: €58,765, Gross ROI: 15.07%

The Paphos Lifestyle

Paphos is more than just a place to live; it's a lifestyle. Picture yourself enjoying stunning beaches, a vibrant nightlife, and a variety of cafes and restaurants that cater to every taste. Paphos is home to the Akamas National Park, where natural beauty and adventure await.

Pathway to Residency and Citizenship

For individuals aiming for a smooth transition to residing in this paradise, Cyprus provides appealing investment programs. Obtain residency through the Cyprus Golden Visa by investing a minimum of €300,000 in real estate, securities, or shares of local companies. This program not only facilitates living in this idyllic setting but also grants a lifetime permit with minimal residency obligations.

For grander ambitions, investors can obtain permanent residency through the Cyprus Golden Visa and apply for citizenship after 7 years of residency. By investing €2 million or more in Cypriot businesses and maintaining a real presence, you can unlock visa-free travel to approximately 175 destinations and enjoy the benefits of dual citizenship. While Cyprus permits dual citizenship, be mindful that your country of origin may have its own rules about holding multiple passports.

Historic Charm and Modern Convenience

The historic centre, just a 10-minute walk from the development, offers cobblestone streets and historic buildings that exude charm. The Town Hall and square are testaments to the rich heritage of Paphos, while the nearby Financial and Business centre, housing the District Court, Government offices, and Law firms, ensures you’re at the heart of the action.

Culinary Delights

This development’s location is also a gateway to culinary delights. Imagine dining in style at contemporary restaurants or savoring traditional Cypriot cuisine in a relaxed and welcoming atmosphere.

Educational Excellence

Educational excellence is just around the corner, with nearby private schools offering a top-tier education based on the English National Curriculum. Your family will thrive in an environment that values both academic and personal growth.

Make Your Dream a Reality

Visit www.lnprestige.com for more details and to get in touch with us. I’m Leana Nel, and I look forward to helping you find your perfect home or investment. Let's make your dreams come true.

Thank you for stopping by the L.N. Prestige blog. Stay tuned for more updates and exciting opportunities!

Warm regards,

Leana Nel

L.N. Prestige