Real estate в Лимассоле

Real estate in Limassol

Russians who wish to travel freely in the European Union face visa barriers. There are many ways to overcome these barriers, and one of them is to buy a property in one of the EU countries. It remains only to choose a country and a place. But it will not take long to decide on the choice: our compatriots among the many European countries have especially fallen in love with Cyprus. This country has conquered Russians with a mild climate (summer in this country lasts 360 days a year, and they know about snow only from TV stories about other states), excellent service and affordable prices. 

 Features of real estate acquisition in Limassol

But let's get back to the main thing – real estate, its cost and the features of acquisition. Real estate in Limassol is presented in different segments: commercial, residential and office property is available for purchase to the buyer.

 However, the price of Limassol real estate will be 20% more expensive than in other cities of Cyprus. Buying a one-room apartment in Limassol will cost an average of 120 thousand euros, and the prices of a villa with a sea view start from 500 thousand euros. 

Since several taxes and contributions will have to be paid during the transaction, there may not be enough cash. But in this case, the services of Cypriot banks will be useful, which will provide a loan for the missing amount. Moreover, the interest rate on such a loan will be strikingly different from the same parameter in Russian credit institutions – only 3% per annum.