The complex is built in compliance with high standards of manufacturing quality, the class A energy certificate provides a high level of comfort with low energy consumption and costs thanks to solar water heaters for each apartment and complete thermal insulation.
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. And the smart home system allows you to enjoy your stay to the fullest.
The building, built on 4 levels, is characterized by abundant natural light and a layout designed for comfortable living and entertainment.
4-storey building in a green area
Readiness
2024 year
Yield
ROI 5-7%
Housing type
Apartments
Technologies
Technologies
Manufacturability
Private parking
The project is located in close proximity to schools, business centers and shops, with easy access to all areas of the city.
Living in a quiet area near the center
private hospital
supermarket
6 min
3 min
King's Avenue Shopping Center
private British school
5 min
10 min
beach and harbor
restaurants
6 min
5 min
The project offers apartments with 2 bedrooms, a spacious living room combined with an open kitchen and dining area, a bathroom, a balcony, storage rooms. On the top floor of the building there are two penthouses with 2 bedrooms and beautiful views.
Layouts
Lot
(€)
Area
Rooms
Floor
Finishing options
Get a consultation as well as a brochure on the project
with photos, detailed descriptions, layouts, and prices
Myrto Residences
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 near the city center, surrounded by a large park, and the necessary amenities can be reached on foot in 5-10 minutes. The nearest beach is in Larnaca, a 45—minute drive away.
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.
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.
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.