Olive Residences A и B
Olive Residences
Apartment complex in Latsia, Nicosia.
from
Cost
108
from
to
291 000 €
146
sq.m
Area:
The complex is built in compliance with manufacturing quality standards, the Class A energy certificate provides a high level of comfort with low energy consumption and costs thanks to photovoltaic panels installed on the roof of the building and an individual solar water heater.
The apartments are equipped with kitchen countertops made of technogranite, wooden floors and an armored door for maximum security. A video surveillance camera is installed at the entrance to the building.
The residential complex consists of four floors with eight apartments with landscaped grounds and high-quality finishes.
Two blocks with apartments in the center of Latsia district
Readiness
2024 year
Yield
ROI 5-7%
Housing type
Apartments
Alarm system
Landscaped gardens
Manufacturability
Private parking
Olive Residences (blocks A and B) is located in the heart of the area behind the Sklavenitis supermarket. The building is ideal for families and individuals who want to live in a beautiful residential area, close to schools, shops and services, minutes from the Mall of Cyprus and with easy access to the Nicosia-Limassol highway.
Living in a quiet area near the center
Lidl Supermarket
shopping centre
5 min
10 min
The main hospital of Nicosia
National Park
7 min
14 min
the center of Nicosia
pharmacy
13 min
20 min
The project offers 2 apartment buildings. There is one two-bedroom apartment and one three-bedroom apartment on each floor. All apartments have spacious bedrooms, comfortable interiors and large terraces with wonderful views.
Layouts
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Rooms
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Lot
(€)
Area
Rooms
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Lot
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Area
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Finishing options
Get a consultation as well as a brochure on the project
with photos, detailed descriptions, layouts, and prices
Olive Residences A и B
Nicosia is the capital of Cyprus, the business and financial center and the most expensive city on the island. Developed infrastructure: private schools, hospitals, shopping malls. 90% of people speak English. There is no sea in Nicosia, it is more than 100 kilometers away, and there are significantly fewer tourists than in coastal cities.
The residence is located in the center of Latsia district, there is a new general hospital of Nicosia, the Stadium of the Gymnastics Association "Pancypria" and the shopping center of Cyprus.
Surroundings
Shopping centre
There is a large shopping center next to the complex, where a huge number of shops are represented.
The Botanical Garden
A well-maintained area for walking and cycling. There is an outdoor playground and a small coffee shop on site.
Restaurants
There are restaurants in the city that specialize in cooking Greek cuisine.
Private schools
There are a large number of private schools in Nicosia (Greek, English, French and Russian).
40%
During construction
50%
Upon receiving the keys
The apartment can be paid for through installments, a 100% payment, or by using a credit program.
Payment schedule
10%
Upon reservation
The project broker will conduct a presentation on-site or online and will also provide consultations on other properties.
Oksana Kogut
Head of Sales in Cyprus
One of the leading developers, general contractors and construction groups in Cyprus. It was founded in 1990 and operates in all areas of the construction industry: land development, contracting for public and private infrastructure projects, production and trade of specialized building materials, as well as energy production.
Developer
Cyfield Group
Konia Greens
from
380 000 €
Cyprus, Paphos
Villas
See also
Ruby Residences
from
400 000 €
from
Cyprus, Paphos
Minthis
840 000 €
Cyprus, Paphos
Apartments and villas
Apartments
Answering questions about permanent residency (PR) in Cyprus
Cyprus' investment program allows obtaining permanent residency by purchasing real estate worth €300,000 or more.
An investor with a legal income of €50,000 per year, over 18 years old, without criminal records, sanctions, restrictions, and bans on entering EU and UK countries, with health insurance. PR is issued for the entire family of the applicant, including the spouse, children up to 25 years old, and the parents of the main applicant and spouse.
PR is issued for life, provided the conditions are met.
Preliminary check and consultation with immigration specialists; inspection and purchase of real estate; preparation of documents; application submission to the Cyprus Immigration Service; consideration of the application; after reviewing the application and making a positive decision, the applicant receives an immigration certificate.
The investment property must be new housing directly from the developer. The purchase of secondary real estate is not allowed. PR can be obtained by buying several properties, not just one.
PR holders without tax residency do not need to pay taxes on foreign income, including dividends. Taxes are only paid on income earned in Cyprus. Additionally, Cyprus has no inheritance tax, low income, and property tax rates.
Yes, all investments can be returned after the expiration of the PR term or upon obtaining citizenship.
It is necessary to visit the country once to submit biometric data. The investor must annually provide proof that he maintains investments and all his family members have health insurance. Every three years, adult family members must provide certificates of no criminal record.
The requirements are simple, just visit at least once every two years.
The possibility to obtain Cyprus citizenship after 5 years; the possibility to open an account in a local bank; the possibility to obtain a loan; visa-free entry to EU countries; the possibility for children to study in local schools; the possibility to obtain health insurance.
In addition to the main expenses, including payment for real estate and VAT, the investor bears additional expenses: state and registration fees, payment for legal and consulting services.
The status of a resident of Cyprus can be obtained in just 6 months.
The property must be owned until the end of the PR term or upon obtaining citizenship. If the investor sells the property, he must buy another object at the same or higher price.
Resident status allows for the application for Cyprus citizenship after 5 years, under all necessary conditions, and travel visa-free to 170+ countries around the world, including the European Union.
All information presented on the website is not a public offer
Olive Residences A и B
User agreement
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Order a call
The project broker will answer questions about the project and will also provide consultations on other properties
By filling out the form, you consent to the processing of personal data
Olive Residences A и B presentation
The project broker will send a brochure
and conduct a presentation on-site or online
and conduct a presentation on-site or online
By filling out the form, you consent to the processing of personal data
Consultation
on PR in Cyprus
on PR in Cyprus
An immigration expert will answer all questions in detail and offer the best solution for your tasks.