Estate Living Digital Publication Issue 7 July 2015 | Page 55

Coral Bay Villas Estate is the perfect location for
those wanting the creative freedom to build
the home of their dreams. The area of Coral
Bay is one of the most elite real estate areas in
the country and the estate is situated on the
edge of the best beach in Paphos. As well as
three, four and five-bedroom exclusive villas,
there are a number of plots available, with
permission already granted for the building
of residential properties. Plots measuring
between 500 m² and 750 m² can sell for
between €350k and €375k (R 4.7 million and R
5.1 million) respectively. Buyers must deal with
a reputable developer or construction firm that
possesses a membership card from the Cyprus
Land and Building Developers Association. The
land must have the relevant town planning
and building permits and buyers must strictly
adhere to the permitted building percentage
allocation in relation to the property size. A
stunning location, beautiful homes and the
safety and security of knowing your investment
in your family and future is a viable one – Cyprus
remains an attractive option for the growing
number of affluent families who continue to
seek alternative living and investment options
outside South Africa.

Kamares Villa

Kamares Villas

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ESTATES ABROAD

investors can expect a monthly rental income
of €1000 (R 13 650). Keen golfers should look
no further than Vikla Villas, which is situated
on a hilltop, and a stone’s throw from Stavros
is Mythis, which is an 18-hole championship
golf course. Offering a wonderful village
atmosphere and built around a communal
pool and clubhouse, this environmentally
friendly estate offers a selection of one and
two-bedroom apartments that sell for anything
from €145 000 (R1.9 million) and two, three
and four-bedroom villas, the latter of which can
set you back as little as €295 000 (R 4 million