Balsa Green Residences
Balsa Green
Residences
Residential complex in the area of the Royal Tombs, Paphos.
Cost
From
355 000 €
Area:
98
sq.m
There is a terrace, landscaped gardens and private parking for each apartment. The complex is built with energy efficiency class A, assuming low operating costs.
The apartments have recreation areas and the possibility of living outdoors on spacious balconies, which allows residents to enjoy a pleasant climate. The penthouse apartments offer additional amenities — an exclusive private terrace with a garden.
The project includes four 2-bedroom apartments and an exclusive 2-bedroom penthouse.
Apartments with premium finishes
Readiness
2024 year
Yield
ROI 5-7%
Housing type
Apartments
Technologies
Landscaped garden
Barbecue
Private parking
The apartment is located in a popular area in the area of the Tombs of the Kings in Paphos. Beaches, harbour restaurants, British private school are less than a 10-minute walk away. Due to its convenient location, the complex is a good investment both for permanent residence and for long-term and short-term rental.
Proximity to the harbor and the city 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
Comfort and adaptability
All apartments are rented with built-in wardrobes and a kitchen with a countertop made of technogranite or ceramics. All rooms have high—quality Italian floors, and the bedrooms have laminate flooring. The bathrooms are equipped with a shower cabin and wall-mounted toilets.
Penthouse with turnkey finishing
The apartments are equipped with innovative technologies, including a hidden VRV system for cooling in each area of the apartment, heated water floors, alarm system throughout the territory and an intercom on the front door, a gate for electric vehicles and a charger for electric vehicles.
Innovative technologies
The project offers apartments with 2 bedrooms, a spacious living room, a balcony, a seating area and a bathroom.
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
Balsa Green Residences
The city of Paphos, located on the western side of the island, is considered the pearl of Cyprus. The mild climate, vibrant atmosphere, variety of landscape and historical sites that define the region form the attractiveness of Paphos.
The penthouse is located in a popular area of Paphos close to necessary amenities including shops, schools, pharmacies, restaurants. The popular British school is an 8—minute walk away. A large shopping center is 5 minutes away by car, and a clean beach is a 10—minute walk away.
Surroundings
Kings Avenue Mall
A conceptual shopping mall located in the heart of Paphos. It is the most modern shopping mall in the whole of Cyprus and by far the best place to shop.
The British School
Aspire School offers the British National Curriculum to children aged four and over, which allows them to obtain GCSE, IGCSE and international A-level qualifications.
Beach
It is well equipped, has everything for a comfortable stay. The beach is clean and has the blue flag of the European Union.
Restaurants
Paphos offers a diverse modern culture. The city has everything you want, whether you want to relax or do various activities.
The center of Paphos
One of the most beautiful and ancient cities in Cyprus. Restaurants, shops, shopping malls, museums and theaters are located in the center.
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
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
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
Balsa Green Residences
User agreement
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
Balsa Green Residences
presentation
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.