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Cyprus Emerald
Blue Surf Properties Ltd
Keller WilliamsThe Global-Property.Investments online-platform offers 134 up-to-date offers so that you can buy a property in Protaras at favourable prices. Explore various ads in our catalogue of properties for sale in Protaras with convenient filters allowing you to choose accommodation by area, number of bedrooms, location and amenities. To get additional information about the overseas property you are interested in, reach out to the seller directly or leave your contacts on the website.
The final property prices in Protaras are influenced by the condition of the home, its area, the reputation of the place and how it is close to the sea. The cost of property in Protaras starts at €115586 and reaches €3.6 million.
The area varies from 45 to 5,500 m².
By investing in a property in Cyprus, foreign citizens and their family members can become the country’s residents. To get a residence permit, you need to buy an overseas property on the primary real estate market for over €300,000 + VAT.
Most of the local properties are villas, which can have balconies, swimming pools, BBQ areas and green gardens. The city offers a great variety of apartments with different layouts. Residential buildings are equipped with sports fields, swimming pools and parking lots.
Investors choose the city for the following reasons:
- It is one of the most popular resorts on the island, with a high rental income;
- A stable market and reasonable prices for real estate for sale in Protaras;
- A larger flow of freelancers moving to permanent residence;
- The holiday season lasts from April to November;
- Sandy beaches and azure waters of the Mediterranean Sea.
Properties in Protaras, Cyprus, are in high demand among tourists who prefer to relax in a quiet and cosy place. The season here lasts almost six months. Visitors rent apartments, houses and other property in Protaras for several weeks or a month. Freelancers who agree to a longer lease end up reading here permanently. The average yield in Cyprus varies from 6 to 8.5% per annum, and this figure may increase during the peak season.
Property for sale in Protaras
The attractive resort town is located on the island’s southeastern coast. It is famous for its beautiful beaches with clear water, which attract tourists from all over the world. This place provides broad opportunities for outdoor activities: water sports areas, hiking and cycling along scenic trails. There are several active Orthodox churches here, including the 14th-century Church of St. Elijah the Prophet and the cave chapel of the Forty Saints (Agioi Saranta). The city is famous for its exquisite restaurants, where you can taste traditional Mediterranean cuisine.
Buyers can choose from the following types of properties:
- 2- to 6-bedroom villas in Protaras in white colours. They feature panoramic windows, balconies, patios and pools in spacious gardens. The houses can be furnished and equipped with household appliances;
- 1- to 3-bedroom apartments with balconies, open-plan kitchens, bedrooms and one or more bathrooms. Modern residential complexes provide properties only for their residents: swimming pools, gyms, BBQ areas, playgrounds and parking lots.
You can discover a great deal of real estate in Protaras on the secondary real estate market. If you choose new buildings, pay attention to off-plan projects with such villas as Triangle Residences and Panorama Village. Luxurious off-plan property for sale in Protaras is available in the gated Sea Breeze Residences community with landscaped areas.
The price for buying real estate in Protaras is on average lower than in other prestigious resorts, including Limassol and Paphos. The most expensive places to live are located near Fig Tree Bay Beach and along the coast.
Reasons for investing in property in Protaras
Cyprus stands out as a top investment destination thanks to its steady economy, adaptable taxation laws, and strong real estate markets for both primary and secondary housing. Investment real estate in Protaras provides a unique opportunity to obtain a residence permit in the country for yourself and your family members. Statistics clearly illustrate the attractiveness of foreign nationals: 44.3% of sales in 2023 were made by foreigners.
Over 15,500 sales contracts were registered in 2023, which is 16% more than in 2022. There were 4,543 deals between January and March 2024 totalling €955.8 million.
Properties in Protaras for investment are available to foreigners who wish to rent out properties in this place. The city is perfect for those seeking a peaceful and relaxing holiday in Cyprus, wishing to appreciate the natural beauty and warm hospitality of the locals. The region is popular with freelancers who prefer to spend a lot of time at a seaside resort. This creates a demand for rent and provides opportunities for stable passive income.
Owners have the right to sell their properties and make a profit when prices rise. Purchasing a home in an off-plan project is more profitable, as the cost of such a housing unit is 10-30% lower, and it will increase by the time it is put into operation. The deal at the early stages of the launch of the complexes is especially attractive.
Buying real estate in Protaras
Global-Property.Investments is an aggregator that offers up-to-date ads of villas and apartments in Protaras from reliable developers and real estate agencies. If you want to find a cosy overseas property ideally suited to your requirements and budget, use the search filters by cost, location, size and amenities. There is a converter on the website that will easily convert the price into euros, dollars and other currencies. Leave your contacts, and a specialist will tell you about the details of the transaction and help you acquire the island’s home.