Reach Real Estate © 2024. All rights reserved.
Pyla Pearl
Larnaca, Cyprus
$163,188
Starting From
60 - 145
Area (sqm)
1-3
Bedrooms
1-3
Bathrooms
5 - 9 %
ROI
5 %
Appreciation Rate
PYLA PEARL: Where Joy becomes a lifestyle
At Reach Real Estate, we have developed our distinctive project PYLA PEARL in Larnaca – Cyprus, which consists of 6 buildings, each named after a type of pearl, the project includes 119 residential units distinguished by its strategic location near the beach and the British University of Central Lancashire, as well as a wide range of service facilities.
The residential units feature elegant interior designs that meet the needs of those seeking a modern lifestyle, with options ranging from 1 – 3 bedrooms.
The gated compound of PYLA PEARL ensures high levels of security and privacy for its residents and offers after-sales services such as facility management and rentals. Additionally, homeowners can benefit from flexible payment plans to suit all financial needs.
1-3 Bedrooms
1-3 Baths
(60 - 145) sqm
5 - 9% ROI
MABE
TAHITIAN
KESHI
AKOYA
BIWA
AQUA
MELO
Comfort and Luxury at the Heart of PYLA PEARL
PYLA PEARL is a project designed to meet the needs of its residents and provide the utmost comfort and luxury through comfortable interior designs, a serene atmosphere, and a variety of amenities and entertainment. These include swimming pools, a fitness center with a refreshing garden view, a kid’s play area, and dedicated parking lots.
Gated Compound
Energy-efficient project
Green Spaces
Garden View Gym
Balconies With Premium Views
Kid's Play Area
Swimming Pools
Dedicated Parking Lots
PYLA PEARL Investment Benefits
At PYLA PEARL, we offer you a unique investment opportunity that combines a rewarding return on investment (ROI) and safe stability, where you can invest in our project in the heart of Larnaca and enjoy the following advantages:
- Return on Investment between 5 – 9%.
- Future appreciation rate up to 5%.
- Obtaining permanent residency.
Project Location
Because the location of the project is considered a basic factor in decision-making, the location of our project “PYLA PEARL” was carefully chosen in Larnaca – Cyprus, one of Europe’s leading tourist destinations and the fifth safest country in the world. The project is strategically and conveniently located near entertainment and service facilities that meet all needs.
Flexible payment plan
In our PYLA PEARL project, we offer a variety of flexible payment plans that suit all clients, from the first down payment to convenient installments, allowing you to invest with ease and comfort. Here is one of the payment plans:
Investment value
150,000 EUR
Down payment
7,500 EUR
Flexible payment plan
Distributed over 19 installments
After-Sales Services
Facility Management
This will be operated by Reach Real Estate, we will be responsible for the maintenance, quality control, and security of your property.
Rentals Management
This will also be operated by Reach Real Estate, We will manage the leasing operations of your property, including but not limited to; leasing your apartment according to competitive market rates, and collecting rental payments from tenants to maximize your return and meet your objectives for the property.
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FAQs
Cyprus is considered a safe country, it is the fifth safest country in the world, and it is also characterized by its economic stability with an average annual appreciation growth of 5%, which is positively reflected in the strength of the GDP, which is estimated at 23.18% between 2024-2029.
Cyprus is also distinguished by its strategic location at the intersection of the three continents (Europe, Asia, and Africa), in addition to the advanced infrastructure and moderate climate throughout the year, which makes it an attractive tourist destination for many tourists, which increases the demand for real estate.
EU citizens can invest in real estate in Cyprus without any restrictions, Non-EU citizens can own up to two properties in Cyprus by establishing a company in Cyprus and owning the properties under the company’s name.
The cost of living in Cyprus compared to per capita income and other European countries is a great choice, and its tax system is one of the best and least expensive compared to other European countries.
Yes, according to a study issued by PWC in early 2024, Larnaca ranks second in the percentage of real estate ownership transactions for foreigners in Cyprus at 21%, due to the following reasons according to a study issued by KPMG:
- Larnaca is located in an economically stable country.
- GDP growth is higher than the Eurozone average.
- The unemployment rate is lower than the Eurozone average.
- The real estate sector has a positive impact on the economy of Cyprus.
- Residential property prices are rising according to the RICS index.
- Rising rental prices.
The minimum value of 5% represents the long-term return on investment on real estate investment in the project, while the maximum value of 9% is the short-term return on investment value associated with the tourism and holiday season in Cyprus, in addition to the end of the financial year when investors increase demand for real estate.
Yes, the investor can rent the property alone, and he can also benefit from this service through the specialized team at Reach Real Estate Investment Company.
Yes, you can get permanent residency in Cyprus.
Reach Real Estate Company was established in 2023, to become a leader in providing consultations to those interested in finding the best investment opportunities, helping investors wishing to obtain European residency through real estate investment, and guiding those looking for a new lifestyle.
