Location : Pericleous str., 7560, Pervolia, Larnaca
Project : 8 two-bedroom apartments
Title deeds : Yes
Completion : 2002
Area : 600 sq.m.
Location : Ilia Papakyriakou str., 7560, Pervolia, Larnaca
Project : 10 one/two/three-bedroom apartments
Title deeds : Yes
Completion : 2004
Area : 750 sq.m.
Location : Agiou Andronikou str., 7560, Pervolia, Larnaca
Project : 2 four-bedroom houses
Title deeds : Yes
Completion : 2019
Area : 440 sq.m.
Location : Christoforou Papanikolaou str., 7560, Pervolia, Larnaca
Project : 2 three-bedroom houses
Title deeds : Yes
Completion : 2010
Area : 340 sq.m.
Location : Sampson kai Dalidas str., 7560, Pervolia, Larnaca
Project : 9 two/three-bedroom houses with communal swimming pool
Title deeds : Yes
Completion : 2006
Area : 1200 sq.m.
Location : Corner of Odyssea Elyti and Aphroditis str., 7560, Pervolia, Larnaca
Project : 10 two-bedroom townhouses with communal swimming pool
Title deeds : Yes
Completion : 2008
Area : 1100 sq.m.
Location : Rigainis str., 7560, Pervolia, Larnaca
Project : 5 two/three-bedroom houses with communal swimming pool
Title deeds : Yes
Completion : 2008
Area : 650 sq.m.
Gelfanco 8 Court is a new residential project in Kiti by GELFANCO LTD Property Developers and it consists of 6 apartments.
Located at Samos street in a quiet area in Kiti, is characterized by its immediate access to the Softades beach, Careta beach, and the Faros beach at Pervolia, which is awarded with a blue flag by the EU for its clean waters.
The project is shy of a kilometer away from the Kiti square and very close to the Kiti shopping streets, the supermarkets, and the schools. It is a 5-minute drive from Larnaca’s airport and has immediate access to the highway towards Nicosia and Limassol.
The project consists of 6 spacious apartments: 4 two-bedroom apartments and 2 three-bedroom ones. There will be 1 apartment on the ground floor, 3 on the first, and 2 apartments on the second floor.
Each apartment will benefit from a dedicated parking bay as well as a storage room on the ground floor.
The project construction has started and is expected to be completed and delivered by June 2023.
| Apartment No. | Price | Bedrooms | Total Covered Area (㎡) | Uncovered Area (㎡) | Parking Area (㎡) | Total Area (㎡) | Storage |
|---|---|---|---|---|---|---|---|
| 001 | SOLD | 2 | 82 | 46 | 18 | 146 | YES |
| 101 | SOLD | 3 | 112 | --- | 20 | 132 | YES |
| 102 | SOLD | 2 | 82 | --- | 16 | 98 | YES |
| 103 | SOLD | 2 | 82 | --- | 16 | 98 | YES |
| 201 | SOLD | 3 | 112 | 60 | 16 | 188 | YES |
| 202 | SOLD | 2 | 98 | 47 | 16 | 161 | YES |
As a great means of investing, many people choose to buy off-plan properties or under construction ones. To buy such a property, a small amount of money is usually paid up-front, as a deposit, while the property is under construction and the rest of the payment is paid in stages (as agreed) until the completion of the construction.
At the early stage of construction, the prices are greatly cheaper and a lot more competitive, so an investment like this is a great idea if you are looking to increase your capital in the short term, while simultaneously minimizing the initial price.
The buyer gets the property at a discounted price, which can be later sold for a profit, either after of before its completion.
Another reason why investments in off-plan properties are successful is because only 30% is paid and the remaining 70% is given as a loan from our company-associated bank, with the property mortgaged.
When you purchase an off-plan property you are not only getting your dream home, but we are also giving you the opportunity to style your property the way you had envisioned it.
Our team is always there, willing to discuss your investment needs, and help you make the right investment.
Commercial banks in Cyprus are authorized to offer help in the purchase of an off-plan property with a mortgage loan to Cypriot or foreign applicants.
The loan can be granted in euros or a foreign currency (e.g. USD, GBP, etc.).
For a loan, with the property under mortgage, the maximum repayment period can be 25 years.
The maximum loan amount is 70% of the value of the bought property.
The loan is repaid with monthly installments.
The financial institutions may require the following information:
35 % With the sale agreement - signing of the contract
10 % With the completion of the excavation works and start of the project
20 % With the completion of the framework of the building
15 % With the completion of the brickwork of the apartment
10 % With the completion of the floor tiling of the apartment
10 % With the completion and delivery of the apartment
The standard VAT rate in Cyprus is 19%.
First-time buyers who purchase a property for their own use, as a permanent residence or a vacation house, are eligible to a lower VAT rate of 5% (subject to approval by the Cyprus VAT office).
We reserve the right to change prices, or not sell a property without prior notice.
These particulars (including prices, areas, description of property) shall not form any part of any offer or contract.
Every precaution is taken to ensure that the information contained in this analysis is correct at the date of publication but no warranty either expressed or implied is given to this effect. This analysis is intended to be used as a guide only.
The publisher and owner shall not be liable to contract or in tort for any loss or damage caused to the customer or buyer, its employees or its agents arising out of the use of information contained and/or analysis contained within this study.
The Information represents our view as of the date hereof and is subject to change and/or withdrawal at any time without notice.
The above calculations are only estimates.
The prices may change (increase or decrease) in the future.
Gelfanco 9 Homes is a new and modern residential project of 2 modern houses on Rizokarpasou Street in KITI, by GELFANCO LTD Property Developers.
The project is located in a very quiet area in Kiti, less than 3 km from the beaches of softades, kareta beach and the lighthouse/faros beach in Pervolia - one of the cleanest seas in Cyprus, awarded a blue flag by the European Union. The project is located 600m from Kiti Square, very close to the commercial streets of Kiti, to the supermarkets, to the schools. Restaurants and cafés are only 200 m away. Also 4 km away is Larnaca airport, with direct access to the highway to Nicosia and Limassol.
On the ground floor there is an open-plan kitchen / dining room / living room, w/c while on the first floor there are 3 bedrooms, w/c and bathroom.
More special features:
| House No. | Price | Bedrooms | Plot Area (㎡) | Interior Covered Area (㎡) | Covered Parking Area (㎡) | Covered Verandas (㎡) | Storage (㎡) | Total Covered Area (㎡) |
|---|---|---|---|---|---|---|---|---|
| 01 | SOLD | 3 | 302 | 165 | 25 | 36 | 3 | 229 |
| 02 | SOLD | 3 | 302 | 165 | 25 | 36 | 3 | 229 |
As a great means of investing, many people choose to buy off-plan properties or under construction ones. To buy such a property, a small amount of money is usually paid up-front, as a deposit, while the property is under construction and the rest of the payment is paid in stages (as agreed) until the completion of the construction.
At the early stage of construction, the prices are greatly cheaper and a lot more competitive, so an investment like this is a great idea if you are looking to increase your capital in the short term, while simultaneously minimizing the initial price.
The buyer gets the property at a discounted price, which can be later sold for a profit, either after of before its completion.
Another reason why investments in off-plan properties are successful is because only 30% is paid and the remaining 70% is given as a loan from our company-associated bank, with the property mortgaged.
When you purchase an off-plan property you are not only getting your dream home, but we are also giving you the opportunity to style your property the way you had envisioned it.
Our team is always there, willing to discuss your investment needs, and help you make the right investment.
Commercial banks in Cyprus are authorized to offer help in the purchase of an off-plan property with a mortgage loan to Cypriot or foreign applicants.
The loan can be granted in euros or a foreign currency (e.g. USD, GBP, etc.).
For a loan, with the property under mortgage, the maximum repayment period can be 25 years.
The maximum loan amount is 70% of the value of the bought property.
The loan is repaid with monthly installments.
The financial institutions may require the following information:
25 % With the sale agreement - signing of the contract
10 % With the completion of the excavation works and start of the project
20 % With the completion of the framework of the building
15 % With the completion of the brickwork of the property
20 % With the completion of the floor tiling of the property
10 % With the completion and delivery of the property
The standard VAT rate in Cyprus is 19%.
First-time buyers who purchase a property for their own use, as a permanent residence or a vacation house, are eligible to a lower VAT rate of 5% (subject to approval by the Cyprus VAT office).
We reserve the right to change prices, or not sell a property without prior notice.
These particulars (including prices, areas, description of property) shall not form any part of any offer or contract.
Every precaution is taken to ensure that the information contained in this analysis is correct at the date of publication but no warranty either expressed or implied is given to this effect. This analysis is intended to be used as a guide only.
The publisher and owner shall not be liable to contract or in tort for any loss or damage caused to the customer or buyer, its employees or its agents arising out of the use of information contained and/or analysis contained within this study.
The Information represents our view as of the date hereof and is subject to change and/or withdrawal at any time without notice.
The above calculations are only estimates.
The prices may change (increase or decrease) in the future.
Gelfanco 10 Court is yet another new project by GELFANCO LTD Property Developers. A modern residential project of 8 apartments in KITI.
The project is located at the corner of 15 Athanassiou Diakos and Dionysios Solomos Street, in a very quiet area in Kiti, 100 meters from the Church of the Virgin Mary Angeloktistis and only 300m from Kiti Square. It's very close to the shops, supermarkets, schools, and only 5 kilometers away from Larnaca airport, with direct access to the highway to Nicosia and Limassol. At a distance of less than 3 kilometers are the beaches of the area (Softades, Caretta Caretta and the faros beach in Pervolia, a clean coast with the most pristine waters in Cyprus, awarded with a blue flag by the European Union).
3 km
5 km
500 m - 1 km
100 m
200 m
200 m
300 m
300 m
The project has 8 Apartments, four 1-Bedroom and four 2-Bedroom ones. The Apartments Feature:
Technical specifications:
Construction of the project has started with expected delivery of October 2024.
| Apartment No. | Price | Bedrooms | Inside Covered Area (㎡) | Covered Balconies (㎡) | Uncovered Area (㎡) | Parking Area (㎡) | Storage Area (㎡) | Common Areas (㎡) | Total Area (㎡) |
|---|---|---|---|---|---|---|---|---|---|
| 101 | 2 | 80 | 15 | 46 | 16 | 3 | 9 | 169 | |
| 102 | 1 | 43 | 6 | -- | 16 | 3 | 5 | 73 | |
| 103 | 2 | 80 | 14 | 32 | 16 | 3 | 9 | 154 | |
| 104 | 1 | 40 | 5 | -- | 16 | 3 | 5 | 69 | |
| 201 | 2 | 80 | 15 | 80 | 16 | 3 | 9 | 203 | |
| 202 | 1 | 43 | 6 | -- | 16 | 3 | 5 | 73 | |
| 203 | 2 | 80 | 14 | 38 | 16 | 3 | 9 | 160 | |
| 204 | 1 | 40 | 5 | -- | 16 | 3 | 5 | 69 |
As a great means of investing, many people choose to buy off-plan properties or under construction ones. To buy such a property, a small amount of money is usually paid up-front, as a deposit, while the property is under construction and the rest of the payment is paid in stages (as agreed) until the completion of the construction.
At the early stage of construction, the prices are greatly cheaper and a lot more competitive, so an investment like this is a great idea if you are looking to increase your capital in the short term, while simultaneously minimizing the initial price.
The buyer gets the property at a discounted price, which can be later sold for a profit, either after of before its completion.
Another reason why investments in off-plan properties are successful is because only 30% is paid and the remaining 70% is given as a loan from our company-associated bank, with the property mortgaged.
When you purchase an off-plan property you are not only getting your dream home, but we are also giving you the opportunity to style your property the way you had always envisioned it.
Our team is always there, willing to discuss your investment needs, and help you make the right investment.
Commercial banks in Cyprus are authorized to offer help in the purchase of an off-plan property with a mortgage loan to Cypriot or foreign applicants.
The loan can be granted in euros or a foreign currency (e.g. USD, GBP, etc.).
For a loan, with the property under mortgage, the maximum repayment period can be 25 years.
The maximum loan amount is 70% of the value of the bought property.
The loan is repaid with monthly installments.
The financial institutions may require the following information:
35 % With the sale agreement - signing of the contract
10 % With the completion of the excavation works and start of the project
20 % With the completion of the framework of the building
15 % With the completion of the brickwork of the apartment
10 % With the completion of the floor tiling of the apartment
10 % With the completion and delivery of the apartment
The standard VAT rate in Cyprus is 19%.
First-time buyers who purchase a property for their own use, as a permanent residence or a vacation house, are eligible to a lower VAT rate of 5% (subject to approval by the Cyprus VAT office).
We reserve the right to change prices, or not sell a property without prior notice. These particulars (including prices, areas, description of property) shall not form any part of any offer or contract. Every precaution is taken to ensure that the information contained in this analysis is correct at the date of publication but no warranty either expressed or implied is given to this effect. This analysis is intended to be used as a guide only. The publisher and owner shall not be liable to contract or in tort for any loss or damage caused to the customer or buyer, its employees or its agents arising out of the use of information contained and/or analysis contained within this study. The Information represents our view as of the date hereof and is subject to change and/or withdrawal at any time without notice. The above calculations are only estimates. The prices may change (increase or decrease) in the future.
Gelfanco 11 Court is yet another new project by GELFANCO LTD Property Developers. A modern residential building of six 2-Bedroom apartments in KITI.
The project is located at Tersefanou Avenue, 300 meters from the Church of the Virgin Mary Angeloktistis and only 400m from Kiti Square. It's very close to the shops, supermarkets, schools, and only 5 kilometers away from Larnaca airport, with direct access to the highway to Nicosia and Limassol. At a distance of less than 3 kilometers are the beaches of the area (Softades, Caretta Caretta and the faros beach in Pervolia, a clean coast with the most pristine waters in Cyprus, awarded with a blue flag by the European Union).
3 km
5 km
500 m - 1 km
300 m
300 m
200 m
400 m
300 m
The project has 6 2-Bedroom apartments. The Apartments Feature:
Technical specifications:
Construction of the project has started and the expected delivery is the spring of 2025.
| Apartment No. | Price | Bedrooms | Inside Covered Area (㎡) | Covered Balconies (㎡) | Roof Garden (㎡) | Parking Area (㎡) | Storage Area (㎡) | Common Areas (㎡) | Total Area (㎡) |
|---|---|---|---|---|---|---|---|---|---|
| 101 | 2 | 75 | 10 | -- | 12 | 3 | 8 | 108 | |
| 102 | 2 | 75 | 10 | -- | 12 | 3 | 8 | 108 | |
| 103 | 2 | 75 | 10 | -- | 12 | 3 | 8 | 108 | |
| 201 | 2 | 75 | 10 | 80 | 12 | 3 | 8 | 188 | |
| 202 | 2 | 75 | 10 | 50 | 12 | 3 | 8 | 158 | |
| 203 | 2 | 75 | 10 | 55 | 12 | 3 | 8 | 163 |
As a great means of investing, many people choose to buy off-plan properties or under construction ones. To buy such a property, a small amount of money is usually paid up-front, as a deposit, while the property is under construction and the rest of the payment is paid in stages (as agreed) until the completion of the construction.
At the early stage of construction, the prices are greatly cheaper and a lot more competitive, so an investment like this is a great idea if you are looking to increase your capital in the short term, while simultaneously minimizing the initial price.
The buyer gets the property at a discounted price, which can be later sold for a profit, either after of before its completion.
Another reason why investments in off-plan properties are successful is because only 30% is paid and the remaining 70% is given as a loan from our company-associated bank, with the property mortgaged.
When you purchase an off-plan property you are not only getting your dream home, but we are also giving you the opportunity to style your property the way you had always envisioned it.
Our team is always there, willing to discuss your investment needs, and help you make the right investment.
Commercial banks in Cyprus are authorized to offer help in the purchase of an off-plan property with a mortgage loan to Cypriot or foreign applicants.
The loan can be granted in euros or a foreign currency (e.g. USD, GBP, etc.).
For a loan, with the property under mortgage, the maximum repayment period can be 25 years.
The maximum loan amount is 70% of the value of the bought property.
The loan is repaid with monthly installments.
The financial institutions may require the following information:
5 % With the Reservation
30 % With the sale agreement - signing of the contract
10 % With the completion of the excavation works and start of the project
20 % With the completion of the framework of the building
15 % With the completion of the brickwork of the apartment
10 % With the completion of the floor tiling of the apartment
10 % With the completion and delivery of the apartment
The standard VAT rate in Cyprus is 19%.
First-time buyers who purchase a property for their own use, as a permanent residence or a vacation house, are eligible to a lower VAT rate of 5% (subject to approval by the Cyprus VAT office).
We reserve the right to change prices, or not sell a property without prior notice. These particulars (including prices, areas, description of property) shall not form any part of any offer or contract. Every precaution is taken to ensure that the information contained in this analysis is correct at the date of publication but no warranty either expressed or implied is given to this effect. This analysis is intended to be used as a guide only. The publisher and owner shall not be liable to contract or in tort for any loss or damage caused to the customer or buyer, its employees or its agents arising out of the use of information contained and/or analysis contained within this study. The Information represents our view as of the date hereof and is subject to change and/or withdrawal at any time without notice. The above calculations are only estimates. The prices may change (increase or decrease) in the future.
Gelfanco 12 Court is yet another new project by GELFANCO LTD Property Developers. A modern residential building of twelve apartments in Oroklini.
The project is located at Aretis Street, 300 meters from the Church of Profitis Elias. It's very close to the shops, supermarkets, schools, and only 20 kilometers away from Larnaca airport, with direct access to the highway to Nicosia and Limassol. At a distance of 2 kilometers are the beaches of the area (Blue wave, Lebay beach).
2 km
20 km
500 m
300 m
100 m
100 m
1.5 km
5 km
The project has four 2-Bedroom and eight 1-Bedroom apartments. The Apartments Feature:
Technical specifications:
Construction of the project is expected to begin in early 2024 with expected delivery in the summer of 2025.
| Apartment No. | Price | Bedrooms | Inside Covered Area (㎡) | Covered Balconies (㎡) | Roof Garden (㎡) | Parking Area (㎡) | Storage Area (㎡) | Common Areas (㎡) | Total Area (㎡) |
|---|---|---|---|---|---|---|---|---|---|
| 101 | 1 | 45 | 6 | -- | 12 | 3 | 6 | 72 | |
| 102 | 2 | 70 | 10 | -- | 12 | 3 | 8 | 103 | |
| 103 | 1 | 45 | 6 | -- | 12 | 3 | 6 | 72 | |
| 104 | 1 | 45 | 6 | -- | 12 | 3 | 6 | 72 | |
| 105 | 2 | 70 | 10 | -- | 12 | 3 | 8 | 103 | |
| 106 | 1 | 45 | 6 | -- | 12 | 3 | 6 | 72 | |
| 201 | 1 | 45 | 6 | 45 | 12 | 3 | 6 | 117 | |
| 202 | 2 | 70 | 10 | 70 | 12 | 3 | 8 | 173 | |
| 203 | 1 | 45 | 6 | 25 | 12 | 3 | 6 | 97 | |
| 204 | 1 | 45 | 6 | 25 | 12 | 3 | 6 | 97 | |
| 205 | 2 | 70 | 10 | 35 | 12 | 3 | 8 | 138 | |
| 206 | 1 | 45 | 6 | 20 | 12 | 3 | 6 | 92 |
As a great means of investing, many people choose to buy off-plan properties or under construction ones. To buy such a property, a small amount of money is usually paid up-front, as a deposit, while the property is under construction and the rest of the payment is paid in stages (as agreed) until the completion of the construction.
At the early stage of construction, the prices are greatly cheaper and a lot more competitive, so an investment like this is a great idea if you are looking to increase your capital in the short term, while simultaneously minimizing the initial price.
The buyer gets the property at a discounted price, which can be later sold for a profit, either after of before its completion.
Another reason why investments in off-plan properties are successful is because only 30% is paid and the remaining 70% is given as a loan from our company-associated bank, with the property mortgaged.
When you purchase an off-plan property you are not only getting your dream home, but we are also giving you the opportunity to style your property the way you had always envisioned it.
Our team is always there, willing to discuss your investment needs, and help you make the right investment.
Commercial banks in Cyprus are authorized to offer help in the purchase of an off-plan property with a mortgage loan to Cypriot or foreign applicants.
The loan can be granted in euros or a foreign currency (e.g. USD, GBP, etc.).
For a loan, with the property under mortgage, the maximum repayment period can be 25 years.
The maximum loan amount is 70% of the value of the bought property.
The loan is repaid with monthly installments.
The financial institutions may require the following information:
5 % With the Reservation
30 % With the sale agreement - signing of the contract
10 % With the completion of the excavation works and start of the project
20 % With the completion of the framework of the building
15 % With the completion of the brickwork of the apartment
10 % With the completion of the floor tiling of the apartment
10 % With the completion and delivery of the apartment
The standard VAT rate in Cyprus is 19%.
First-time buyers who purchase a property for their own use, as a permanent residence or a vacation house, are eligible to a lower VAT rate of 5% (subject to approval by the Cyprus VAT office).
We reserve the right to change prices, or not sell a property without prior notice. These particulars (including prices, areas, description of property) shall not form any part of any offer or contract. Every precaution is taken to ensure that the information contained in this analysis is correct at the date of publication but no warranty either expressed or implied is given to this effect. This analysis is intended to be used as a guide only. The publisher and owner shall not be liable to contract or in tort for any loss or damage caused to the customer or buyer, its employees or its agents arising out of the use of information contained and/or analysis contained within this study. The Information represents our view as of the date hereof and is subject to change and/or withdrawal at any time without notice. The above calculations are only estimates. The prices may change (increase or decrease) in the future.
Gelfanco 13 Court is yet another new project by GELFANCO LTD Property Developers. A modern residential building of eight apartments in KITI.
The project is located at Davlou Street, 300 meters from the Church of the Virgin Mary Angeloktistis and only 200m from Kiti Square. It's very close to the shops, supermarkets, schools, and only 5 kilometers away from Larnaca airport, with direct access to the highway to Nicosia and Limassol. At a distance of less than 3 kilometers are the beaches of the area (Softades, Caretta Caretta and the faros beach in Pervolia, a clean coast with the most pristine waters in Cyprus, awarded with a blue flag by the European Union).
3 km
5 km
300 m
300 m
200 m
100 m
200 m
300 m
The project has four 2-Bedroom and four 1-Bedroom Apartments. The Apartments Feature:
Technical specifications:
Construction of the project is expected to begin in early 2024 with expected delivery in the summer of 2025.
| Apartment No. | Price | Bedrooms | Inside Covered Area (㎡) | Covered Balconies (㎡) | Roof Garden (㎡) | Parking Area (㎡) | Storage Area (㎡) | Common Areas (㎡) | Total Area (㎡) |
|---|---|---|---|---|---|---|---|---|---|
| 101 | 2 | 75 | 9 | 25 | 12 | 2 | 8 | 131 | |
| 102 | 2 | 75 | 9 | 25 | 12 | 2 | 8 | 131 | |
| 103 | 1 | 45 | 7 | -- | 12 | 2 | 6 | 72 | |
| 104 | 1 | 45 | 7 | -- | 12 | 2 | 6 | 72 | |
| 201 | 2 | 75 | 9 | 40 | 12 | 3 | 8 | 147 | |
| 202 | 2 | 75 | 9 | 40 | 12 | 2 | 8 | 146 | |
| 203 | 1 | 45 | 7 | 25 | 12 | 2 | 6 | 97 | |
| 204 | 1 | 45 | 7 | 30 | 12 | 2 | 6 | 102 |
As a great means of investing, many people choose to buy off-plan properties or under construction ones. To buy such a property, a small amount of money is usually paid up-front, as a deposit, while the property is under construction and the rest of the payment is paid in stages (as agreed) until the completion of the construction.
At the early stage of construction, the prices are greatly cheaper and a lot more competitive, so an investment like this is a great idea if you are looking to increase your capital in the short term, while simultaneously minimizing the initial price.
The buyer gets the property at a discounted price, which can be later sold for a profit, either after of before its completion.
Another reason why investments in off-plan properties are successful is because only 30% is paid and the remaining 70% is given as a loan from our company-associated bank, with the property mortgaged.
When you purchase an off-plan property you are not only getting your dream home, but we are also giving you the opportunity to style your property the way you had always envisioned it.
Our team is always there, willing to discuss your investment needs, and help you make the right investment.
Commercial banks in Cyprus are authorized to offer help in the purchase of an off-plan property with a mortgage loan to Cypriot or foreign applicants.
The loan can be granted in euros or a foreign currency (e.g. USD, GBP, etc.).
For a loan, with the property under mortgage, the maximum repayment period can be 25 years.
The maximum loan amount is 70% of the value of the bought property.
The loan is repaid with monthly installments.
The financial institutions may require the following information:
5 % With the Reservation
30 % With the sale agreement - signing of the contract
10 % With the completion of the excavation works and start of the project
20 % With the completion of the framework of the building
15 % With the completion of the brickwork of the apartment
10 % With the completion of the floor tiling of the apartment
10 % With the completion and delivery of the apartment
The standard VAT rate in Cyprus is 19%.
First-time buyers who purchase a property for their own use, as a permanent residence or a vacation house, are eligible to a lower VAT rate of 5% (subject to approval by the Cyprus VAT office).
We reserve the right to change prices, or not sell a property without prior notice. These particulars (including prices, areas, description of property) shall not form any part of any offer or contract. Every precaution is taken to ensure that the information contained in this analysis is correct at the date of publication but no warranty either expressed or implied is given to this effect. This analysis is intended to be used as a guide only. The publisher and owner shall not be liable to contract or in tort for any loss or damage caused to the customer or buyer, its employees or its agents arising out of the use of information contained and/or analysis contained within this study. The Information represents our view as of the date hereof and is subject to change and/or withdrawal at any time without notice. The above calculations are only estimates. The prices may change (increase or decrease) in the future.
Gelfanco 14 Court is a new residential project in Oroklini Larnaca by GELFANCO LTD Property Developers. A modern residential building of fourteen apartments.
The project is located at Archagelou Michael Street, opposite of Archagelos Michael church and 400 meters from the Church of Profitis Elias. It's very close to the shops, supermarkets, schools, and only 20 kilometers away from Larnaca airport, with direct access to the highway to Nicosia and Limassol. At a distance of 2 kilometers are the beaches of the area (Blue wave, Lebay beach).
2 km
20 km
500 m
400 m
100 m
100 m
5 km
8 km
The project has six 2-Bedroom and eight 1-Bedroom apartments. The Apartments Feature:
Technical specifications:
Construction of the project is expected to begin in early 2025 with expected delivery in the summer of 2026.
| Apartment No. | Price | Bedrooms | Inside Covered Area (㎡) | Covered Balconies (㎡) | Roof Garden (㎡) | Parking Area (㎡) | Storage Area (㎡) | Common Areas (㎡) | Total Area (㎡) |
|---|---|---|---|---|---|---|---|---|---|
| 101 | 2 | 72 | 8 | -- | 12 | 2 | 8 | 102 | |
| 102 | 2 | 74 | 9 | -- | 12 | 2 | 8 | 105 | |
| 103 | 1 | 44 | 5 | -- | 12 | 2 | 5 | 68 | |
| 104 | 1 | 44 | 5 | -- | 12 | 2 | 5 | 68 | |
| 105 | 2 | 74 | 8 | -- | 12 | 3 | 8 | 105 | |
| 106 | 1 | 45 | 6 | -- | 12 | 3 | 5 | 71 | |
| 107 | 1 | 45 | 5 | -- | 12 | 3 | 5 | 70 | |
| 201 | 2 | 72 | 8 | 40 | 12 | 3 | 8 | 143 | |
| 202 | 2 | 74 | 9 | 40 | 12 | 3 | 8 | 143 | |
| 203 | 1 | 44 | 5 | 25 | 12 | 2 | 5 | 93 | |
| 204 | 1 | 44 | 5 | 25 | 12 | 2 | 5 | 94 | |
| 205 | 2 | 74 | 8 | 40 | 12 | 3 | 5 | 102 | |
| 206 | 1 | 45 | 6 | 32 | 12 | 2 | 5 | 102 | |
| 207 | 1 | 45 | 6 | 25 | 12 | 2 | 5 | 95 |
As a great means of investing, many people choose to buy off-plan properties or under construction ones. To buy such a property, a small amount of money is usually paid up-front, as a deposit, while the property is under construction and the rest of the payment is paid in stages (as agreed) until the completion of the construction.
At the early stage of construction, the prices are greatly cheaper and a lot more competitive, so an investment like this is a great idea if you are looking to increase your capital in the short term, while simultaneously minimizing the initial price.
The buyer gets the property at a discounted price, which can be later sold for a profit, either after of before its completion.
Another reason why investments in off-plan properties are successful is because only 30% is paid and the remaining 70% is given as a loan from our company-associated bank, with the property mortgaged.
When you purchase an off-plan property you are not only getting your dream home, but we are also giving you the opportunity to style your property the way you had always envisioned it.
Our team is always there, willing to discuss your investment needs, and help you make the right investment.
Commercial banks in Cyprus are authorized to offer help in the purchase of an off-plan property with a mortgage loan to Cypriot or foreign applicants.
The loan can be granted in euros or a foreign currency (e.g. USD, GBP, etc.).
For a loan, with the property under mortgage, the maximum repayment period can be 25 years.
The maximum loan amount is 70% of the value of the bought property.
The loan is repaid with monthly installments.
The financial institutions may require the following information:
5 % With the Reservation
30 % With the sale agreement - signing of the contract
10 % With the completion of the excavation works and start of the project
20 % With the completion of the framework of the building
15 % With the completion of the brickwork of the apartment
10 % With the completion of the floor tiling of the apartment
10 % With the completion and delivery of the apartment
The standard VAT rate in Cyprus is 19%.
First-time buyers who purchase a property for their own use, as a permanent residence or a vacation house, are eligible to a lower VAT rate of 5% (subject to approval by the Cyprus VAT office).
We reserve the right to change prices, or not sell a property without prior notice. These particulars (including prices, areas, description of property) shall not form any part of any offer or contract. Every precaution is taken to ensure that the information contained in this analysis is correct at the date of publication but no warranty either expressed or implied is given to this effect. This analysis is intended to be used as a guide only. The publisher and owner shall not be liable to contract or in tort for any loss or damage caused to the customer or buyer, its employees or its agents arising out of the use of information contained and/or analysis contained within this study. The Information represents our view as of the date hereof and is subject to change and/or withdrawal at any time without notice. The above calculations are only estimates. The prices may change (increase or decrease) in the future.
