This prime residential plot is located in Paralimni, Cyprus, within a well-positioned and rapidly developing area that offers convenient access to everyday amenities, coastal attractions and key destinations across the Famagusta District. Combining excellent development potential with strategic positioning, the property represents a compelling opportunity for both developers and investors seeking to capitalize on the continued growth of the region.
Spanning a total plot area of 803 sqm, the property is offered with an existing building permit, allowing for a faster and more efficient development process. The approved plans provide for the construction of a contemporary three-storey residential building comprising a total of 9 apartments, thoughtfully designed to meet modern residential and investment demands.
The proposed development includes six spacious 3-bedroom apartments of approximately 100 sqm each, alongside three 1-bedroom apartments of approximately 55 sqm each, creating a balanced residential mix suitable for both permanent living and rental opportunities. The project has been carefully designed to combine functionality, comfort and contemporary living standards, while maximizing the development potential of the plot.
Each apartment benefits from provisions for its own dedicated parking space and private storage room, ensuring convenience and practicality for future residents. Further elevating the project’s appeal is the planned roof garden with a communal swimming pool, offering an exclusive lifestyle element that enhances both the residential experience and the investment attractiveness of the development.
Situated in one of the most promising residential areas of Paralimni, this property presents an outstanding opportunity for the development of a modern apartment project in a location that continues to experience strong residential demand and long-term growth potential. Combining approved planning, strategic location and a thoughtfully designed residential concept, this plot stands as an ideal option for developers seeking immediate project potential in the thriving eastern Cyprus property market.
Property eligibile for:
The Category F permanent residence permit is available to non-EU citizens with secure income from abroad, and while property investment isn’t required, buying a home is recommended for approval.
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