Advantages of Buying Off-Plan vs Ready Properties for sale in Cyprus

The Cyprus property market is very active and before projects are completed, most of the units have been sold already.

Buying a new property 'off-plan', (i.e. when a property is still at the planning stage and has yet to be built) is the way most expatriates and locals buy property in Cyprus.

• Capital Gains: Leverage the natural increase in property values, targeting gains of about 30% in prime locations as the project progresses.
• High return on investment (ROI): Expect returns of 7% to 12% after key handover, depending on the property's value.

Purchasing properties off-plan can offer significant benefits to an investor, therefore if a project has many new properties on offer it probably has a major problem, either with construction quality or with design.

The resale market in Cyprus mainly offers low-quality properties. The building codes have been updated in recent years, in energy efficiency standards, in fresh designs and new ways of building.

Their rental returns and also capital appreciation tend to be lower than their off-plan equivalents. Usually for units to remain unsold it means they have not been wanted by buyers, for a variety of reasons, therefore the leftovers are not what we call ‘Prime Property’.

Resales are charged transfer fees at 4%, Off-plan properties carry a reduced rate of 5% so there is not much difference in cost between them.

1. Fast-Track to Permanent Cyprus Residency

Secure your future with permanent Cyprus residency through Square One’s off-plan properties. Take advantage of Cyprus’s residency by investment program, allowing swift and seamless residency approval.

• Quick Residency: Obtain permanent residency within two months with a €300,000 investment in a qualifying off-plan property.
• Comprehensive Family Coverage: Includes residency for your spouse, children (up to age 25), and parents, ensuring your entire family benefits.

2. Competitive Prices in Prime Locations

Maximize your investment potential with Square One’s competitively priced off-plan properties in prime Cyprus locations.

• Lower Entry Costs: Enjoy significant savings with off-plan pricing, often 10-20% cheaper than completed properties.
• Strategic Locations: Invest in high-demand areas such as Paphos, Limassol, and Nicosia, ensuring strong appreciation and rental potential.

Statistic: Off-plan properties in Cyprus have shown an average annual appreciation of 25% over the last five years.

3. Guaranteed Monthly Rental Income

Secure a reliable income stream with Square One’s guaranteed rental income programs, making your investment both safe and lucrative.

• Steady Cash Flow: Enjoy monthly rental income guaranteed from day one, providing financial stability and peace of mind.
• High Yield Potential: Benefit from rental yields of up to 6-8%, outperforming many traditional investment options.

4. Turn-Key Properties with Award-Winning Designs

Experience excellence with Square One’s turn-key properties that combine convenience with award-winning architectural designs.

• Ready-to-Move-In: Turn-key solutions mean your property is fully furnished and ready for immediate occupancy, saving you time and additional setup costs.
• Design Excellence: Live in a home crafted by top architects, blending functionality with aesthetic appeal. Many Square One properties have won architectural awards for their innovative designs.

5. High Investment Returns

Capitalize on robust investment returns through strategic off-plan purchases with Square One.

• Significant Capital Appreciation: Off-plan properties typically appreciate by 20-30% from the pre-construction phase to completion.
• Growing Market: Cyprus’s real estate market is projected to grow by 5-7% annually, driven by increasing foreign investment and economic stability.

Statistic: Off-plan investments in Cyprus have delivered average returns of 15-20% over the past decade.

6. Flexible Payment Options

Manage your investment with ease through Square One’s flexible payment plans tailored to your financial needs.

• Staged Payments: Payments are tied to construction milestones, allowing you to spread out your financial commitment over time.
• Financing Flexibility: Benefit from favorable financing terms, including lower down payments and extended schedules.

7. Customization and Personalization

Tailor your new property to your preferences with customization options available through Square One.

• Personalized Design: Influence the design elements such as finishes, fixtures, and layouts to suit your taste.
• Modern Amenities: Ensure your property is equipped with modern, energy-efficient materials, enhancing its market appeal and sustainability.

Investing in off-plan properties through Square One provides exceptional benefits, from fast-tracked Cyprus residency to competitive pricing and high yield potential.

With guaranteed rental income and award-winning designs, Square One stands as a premier choice for savvy investors.

Embrace the advantages of buying off-plan and secure a prosperous future in Cyprus’s vibrant real estate market.