Olea Residence
Olea Residence
Villa complex in popular Sea Caves, Paphos.
Cost
From
980 000 €
Area:
310
sq.m
The project offers 18 villas on a 21,000 m² area. Villas are sold fully finished and furnished. Villa territories feature landscaped gardens with an automatic irrigation system, covered parking, a BBQ area, and a pool.
Villas are equipped with underfloor heating, a security system, high ceilings, and a smart entry lock. Each area is equipped with a concealed air conditioning unit installed in the suspended ceiling, operating under a VRV system. Focusing on energy efficiency, villas have an A+ rating. The project also includes solar panels, external and internal blinds, and electric car gates.
All sanitary ware is from European brands and comes with all necessary nickel-plated accessories. Kitchen cabinets, produced at a local carpentry factory in Cyprus, are made of melamine on the inside and have a glossy finish on the outside. All colors and materials can be chosen by the client. Kitchen countertops are made of Corian.
Villa with a private plot of at least 430 m²
Readiness
year 2024
Yield
ROI 5-7%
Housing type
Villas
Technologies
Landscaped garden
Private pool
BBQ
Private parking
Laundry room
The complex offers quick access to supermarkets, international schools, local restaurants, bars, and shops. The famous Coral Bay, just 6 minutes away by car, boasts a Blue Flag certificate, indicating that the beach meets all standards, rules, and regulations.
Proximity to urban infrastructure:
Coral Bay
Restaurant
6 min
King's Avenue Mall
6 min
Sea caves
Beach
5 min
Paphos city center
24 min
22 min
20 min
Lot
(€)
Area
Rooms
Floor
The project offers villas with a spacious living room, dining room, and kitchen, as well as 3 or 4 bedrooms, including a primary bedroom, laundry/storage room, and a utility room.
Layouts
Finishing options
Get a consultation as well as a brochure on the project
with photos, detailed descriptions, layouts, and prices
Olea Residences
Paphos is one of the most beautiful and ancient cities of Cyprus. Wherever you go, you encounter its glorious history spanning thousands of years. The Geroskipou area is known for its charming rural atmosphere, traditional architecture, and beautiful surroundings.
Villas stand in a developed area of Paphos near the sea and sea caves. The sea and nearest beaches are only 3 kilometers away. The largest shopping center in Paphos, King’s Avenue Mall, is just a 22-minute drive away.
Surroundings
Kings Avenue Mall
A conceptual shopping center in the heart of Paphos, the most modern in Cyprus, undoubtedly the best place for shopping.
Coral Bay
Coral bay is a famous bay where magnificent resorts and hotels are located. It attracts people with its sea views and beaches with golden sand.
British School
Aspire School offers the British national curriculum for children from four years old, enabling them to achieve GCSE, IGCSE, and A-Level qualifications.
40%
During construction
50%
Upon receiving the keys
10%
Upon reservation
The apartment can be paid for through installments, a 100% payment, or by using a credit program.
Payment schedule
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
Oleas Homes is an elite private developer and A-class construction company based in Paphos. The company offers boutique services specializing in the development and construction of custom real estate properties.
Developer
Olias Homes
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
Villas
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
User agreement
Olea
Residences
Residences
By filling out the form, you consent to the processing of personal data
Olea Residences 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
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
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.