Exclusive seafront living
PHASE A SOLD OUT

The citizenship by investment scheme and the permanent residency programme makes Cyprus very popular with international buyers due to the attractive package it offers as a destination. Cyprus can be reached with direct flights in just over four hours from London, Moscow and Dubai. The country also has a preferable time zone for business across the globe. Cyprus’ economy is growing at a faster rate than any of its EU partners, other than Ireland, and offers a lucrative investment opportunity to its buyers. The property market is in full recovery across Cyprus, with the recent quarterly index from RICS showing price increases in almost all cities across the country, with the largest increases seen in Limassol.

The minimum investment requirement to obtain EU citizenship in Cyprus has been recently reduced to €2 million. Fast track approval for EU citizenship or dual citizenship process for real estate buyers can happen in three months with a three years exit strategy. This scheme is appealing to global citizens who spend their time between various destinations, as it not only grants the buyer but also the option for the whole family to obtain the European passport and therefore travel to 157+ countries. Cyprus also benefits from zero inheritance, wealth, gift and immovable property taxes. Obtaining an EU passport is one of the reasons international buyers purchase property in Limassol, but certainly not the only reason. Buyers are also attracted to the Limassol lifestyle and the convenience of having a second home in the Mediterranean.

Limassol Del Mar's strong sales success has seen the luxury apartments of phase one sell out in ten months, which is testament to the project’s international appeal and indicates a rising demand for prime real estate in Cyprus. The sales triumph continues with the Signature Collection’s lower floors, selling faster than expected, with the higher floors to be released to market soon.