The project offers 15 detached villas. Each villa allows for the construction of a pool and a large garden on its land.
The villa territory is equipped with landscaped gardens and covered parking, a BBQ area with a marble bench. Each villa comes with an alarm system, full thermal insulation, energy-efficient slim aluminum cells, and a water pressure system.
Villas provide easy access to supermarkets, international schools, local restaurants, bars, shops, and highways. The famous Blue Flag beach, of the highest water quality, is just a 3-minute drive from the project.
Villa with a plot of at least 300 m²
Readiness
year 2024
Yield
ROI 5-7%
Housing type
Villas
Technologies
Landscaped garden
BBQ
Private parking
Easy access to supermarkets, international schools, local restaurants, bars, shops, and highways. The famous Blue Flag beach, denoting the highest water quality, is just a 3-minute drive from the project.
Proximity to urban infrastructure
King’s Avenue shopping center
Elea golf club
Rikkos beach
Greek cuisine restaurant
Waterpark
16 min
5 min
Paphos city center
6 min
9 min
11 min
3 min
Lot
(€)
Area
Rooms
Floor
The project offers 2 types of layouts with 3 bedrooms. In one layout, 1 bedroom is on the 1st floor and the other 2 on the 2nd floor. In another layout, all 3 bedrooms are situated on the 2nd floor. Each housing offers bedrooms, a spacious living room combined with a kitchen, as well as parking slots for 2 cars. A pool can be added to the package for an additional fee.
Layouts
Lot
(€)
Area
Rooms
Floor
The project offers 2 types of layouts with 3 bedrooms. In one layout, 1 bedroom is on the 1st floor and the other 2 on the 2nd floor. In another layout, all 3 bedrooms are situated on the 2nd floor. Each housing offers bedrooms, a spacious living room combined with a kitchen, as well as parking slots for 2 cars. A pool can be added to the package for an additional fee.
Layouts
Finishing options
Get a consultation as well as a brochure on the project
with photos, detailed descriptions, layouts, and prices
Morella Homes
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.
The villas stand in a developed area of Cyprus close to all necessary conveniences. The sea and nearest beaches are 2.2 kilometers away. The largest shopping center in Paphos, King’s Avenue Mall, is just an 11-minute drive away.
Surroundings
Rikkos Beach
Waterpark
The waterpark offers numerous entertainments for both adults and children.
Kings Avenue Mall
A conceptual shopping center located in the heart of Paphos. It is the most modern shopping center in Cyprus and undoubtedly the best place for shopping.
Aphrodite's Rock
A sea stack in Paphos. A combination of the area's beauty and its significance in Greek mythology as the birthplace of the goddess Aphrodite.
Coral Bay
A famous bay where magnificent resorts and hotels are located, with sea views and beaches with golden sand.
The nearest beach is just a 3-minute drive away. The beach has an international Blue Flag award, annually given to beaches and marinas meeting high water quality standards.
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 make a presentation on-site or online and will also provide consultations on other properties.
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.
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.