3-bed penthouse
3-bedroom penthouse with private rooftop pool, Germasogeia · Ref. SC-P3
€1,100,000Developer direct. No VAT added
photos & priceBedrooms 3Area 146 m²To the sea 300 mBuilt 2020
A holiday home that earns its keep
A holiday home by the sea that earns while you are away
Your own rooftop pool in summer, a tenant the rest of the year. Two finished homes in Germasogeia, a short walk from the beach, sold directly by the developer.
Two homes, one developer. When they are sold, they are gone.
The problem with holidays
Hotels every summer, and nothing to show for it afterwards.
A holiday home that sits empty eleven months a year is a cost, not an asset.
Flying out to fix problems is the last thing you want on holiday.
Best fit: 3-bed penthouse
The penthouse is the holiday-home dream: a private pool, garden and outdoor kitchen on the roof. The 1-bed is the easy one to rent out when you are not there.
Also fits
1-bed apartment
1-bedroom apartment, Potamos Germasogeia · Ref. SC-A1
€420,000Developer direct. No VAT added
photos & priceBedrooms 1Area 73 m²To the sea 150 mBuilt 2022
Why buy from the developer
Your own pool on the roof
The penthouse terrace has a private swimming pool, a garden and an outdoor kitchen with views to the sea.
Rented out the rest of the year
Long-term tenants in winter or holiday lets with a tourism licence. We show what each would earn.
Lock and leave
Gated complexes, alarms and local managers who handle cleaning, guests and repairs.
Easy to reach
Under an hour’s flight from Tel Aviv, about 4.5 hours from London, 45 minutes from Larnaca airport.
300+
sunny days a year in Cyprus
<1 h
flight from Tel Aviv
150 m
from the 1-bed to the beach
From your door to the sea
Scroll to walk the route. The map is to scale; distances are measured to the beach.
Penthouse with rooftop pool
300m4 min on foot
1-bed apartment
150m2 min on foot
Schematic map: distances to scale, streets simplified.
1-bed apartmentPenthouse with rooftop pool
SeaBeach100 mYou are on the beachHow the purchase works
Buying a finished home from the developer usually takes four to eight weeks.
Day 1
Video tour and property pack
Floor plans, title status, every cost and a rent forecast on your WhatsApp.
No payment, no obligation
Week 1–2
Viewing in person
We meet you at the airport and show both homes and the area in one day.
Still no payment
Week 2–3
Your lawyer checks everything
Title deed, charges, permits and the contract, by a lawyer you choose.
Deposit only after the check
Week 3–4
Contract signed and deposited
The lawyer deposits the contract at the Land Registry.
Your right to the home is registered
Week 3–8
Permission to acquire
Non-EU buyers apply after signing; your lawyer files it.
Handled by your lawyer
Week 4–8
Transfer and keys
Balance paid, title transferred, keys in your hand.
Ownership in your name
Why it makes sense to look now
+7.5%
Cyprus house prices in a year to Q1 2026
Central Bank of Cyprus
≈ +€31,500
what that pace would add to €420,000 in a year
Illustration of past growth, not a forecast
12,047
sale contracts Jan–Jul 2026, up 14%
Land Registry data
2
homes for sale. When they are sold, they are gone
Developer-direct, no new stock
Facts, not sales pressure. Buying before spring means the home is ready to rent out for the 2027 summer season.
What you get in your holiday-home pack
- Your weeks vs rental weeks, on one page
- Income forecast for the weeks you are away
- Introductions to holiday-let managers
- Video of the rooftop and the walk to the beach
Show me my weeks vs rental incomeAsk the developer on WhatsApp
Free, no obligation. Only the developer’s team sees your details.
Our four promises
- Every number in writing
- Price, transfer fee, lawyer, communal fees, running costs. No surprises after you commit.
- Your lawyer, not ours
- We give you a shortlist of independent lawyers. You choose; they work only for you.
- No pressure
- We will never invent a deadline. The only limit is real: there are two homes.
- Straight answers
- If something is a weakness, we say it first and in writing. For example, if a sale does not meet the €300,000 residency conditions, you hear it from us before your lawyer finds it.
A holiday home in Limassol that pays its way
A holiday home works best when it is easy to reach, easy to look after and earns when you are not there. Germasogeia ticks all three: under an hour’s flight from Tel Aviv, about four and a half hours from London, a short walk to the beach, and steady demand from holidaymakers and long-stay guests.
Choosing between the two homes
The penthouse is the stronger holiday home: three bedrooms for family and friends, a covered veranda for long dinners and a private pool on the upper terrace, about 300 m from the sea. The 1-bedroom apartment is the low-effort option for couples: 150 m from the beach, a communal pool, and lower running costs.
How the year splits
Many owners use their home at Easter, in early summer and in October, when the sea is still warm and the town is quieter. Letting covers July and August, when holiday rates are highest, plus long-stay guests in winter. The forecast in the property pack shows your weeks against the income you would earn by letting them.
Letting rules and management
Short-term letting in Cyprus needs a licence from the Deputy Ministry of Tourism. Most owners hand the home to a local management company that handles the licence paperwork, listings, cleaning, linen and guest messages for a share of revenue, typically 15–25%. We can introduce companies that already manage homes in Germasogeia.
Running costs to expect
Budget for communal fees, utilities, insurance, internet, cleaning between stays and, for the penthouse, weekly pool care. Cyprus has no annual property tax. All of these are listed in the property pack, so you can compare the home with a hotel budget for the same weeks.
Arriving and leaving
Larnaca airport is about 45 minutes by motorway, Paphos about 50. Both homes are furnished and never lived in, so the first trip can be a holiday rather than a shopping list. A management company can stock the fridge before you land.
What you are buying
- A finished home, no construction risk, keys in four to eight weeks
- Furniture included, sold as it stands
- Developer-direct price, no agent commission
- No VAT added; transfer fee at the reduced rate
- A short walk to the beach, restaurants and cafés
Insurance, security and peace of mind
A home you use a few months a year needs a few simple habits: a building insurance policy that covers periods of absence, an alarm (the apartment already has one), and someone local with a key. A management company can check the home every two weeks, air it, run the taps and send you photos. In a new building with energy class A and modern systems, problems are rare, but it is good to know someone will see them early.
A note on the numbers
Holiday income in Limassol varies with the season, the year and how well the home is presented and managed. We give you three scenarios rather than one optimistic figure, with every cost deducted. If the numbers only work in the best case, we will say so.
Questions buyers ask
Can I rent it out short-term?
Yes. Holiday lets need a licence from the Deputy Ministry of Tourism; long-term lets do not. We show both scenarios.
Who looks after it when we are not there?
Local managers handle cleaning, guests, repairs and bills for a share of the income. We introduce you.
How far is the beach?
About 150 m from the 1-bed and about 300 m from the penthouse, close to Dasoudi beach and park.
What does it cost to own each year?
Communal fees, utilities and insurance. Cyprus has no annual property tax; it was abolished in 2017.
Is the price negotiable?
Prices are set to the market. Serious offers after a viewing are discussed directly with the developer, without a middleman.
What if my lawyer finds a problem?
You will know before you pay a deposit, because the check comes first. You decide whether to proceed.
Is it safe to pay from abroad?
Payments are made by bank transfer, usually through your lawyer, and the contract is deposited at the Land Registry. A currency specialist can save you money on the exchange rate.
See how much the home can earn while you are away
Tell us which weeks you want to use it. We send a calendar plan and an income forecast for the rest of the year.
- Your weeks vs rental weeks, on one page
- Income forecast for the weeks you are away
- Introductions to holiday-let managers
- Video of the rooftop and the walk to the beach
