Plot of Land for Development in Cape Greco
€500,000
920 m²
plot
Land
property type
1 week ago
listed
The Habio take
AI summaryThis exceptional 920 m² plot in Cape Greco, Protaras, offers prime investment potential just 77 metres from the sea. Located in a highly desirable tourist zone, it presents flexible development options close to local amenities and beautiful beaches.
- investment
- luxury
- beach
- new build
Highlights
- 920 m² plot size
- 77 metres from the sea
- T1st1 classification for tourist development
- Potential for luxury villas or boutique hotel
- High demand for upscale accommodations
Worth knowing
- Development is subject to planning regulations
- Potential delays in obtaining necessary permits
Good fit for: Ideal for investors and developers seeking to capitalise on the thriving tourism market.
Lifestyle scores
- Beach
- 90
- Walkable
- 80
- Remote work
- 60
- Family
- 50
- Retirement
- 70
- Airport access
- 70
- Investment
- 85
- Luxury
- 75
- Value
- 65
About this place
This land for sale in Cape Greco, Protaras, presents a rare opportunity for investors and developers. With a size of 920 m², the plot is classified under T1st1 (Tourist Zone), allowing for diverse building potential. The density factor is 50%, with coverage at 25%, and a maximum height allowance of 13.5 metres.
Located just 77 metres from the sea, this plot benefits from unbeatable seaside proximity and is within walking distance of beaches, amenities, and hotels. Potential development options include building two private villas with luxury finishes, an apartment complex with roof gardens, or a boutique hotel. Given the high demand for luxury accommodations in the area, this is an outstanding investment opportunity in one of Protaras' most exclusive locations.
Where you’ll be
Protaras, Famagusta, Cyprus
Location is approximate — exact address is confirmed by the agent.
Open in Google MapsBuying property in Cyprus
The process of buying property in Cyprus requires careful planning and involves several legal steps. Foreign buyers should budget for associated costs such as stamp duty, legal fees, and transfer fees, which can vary based on the property's value and other conditions.
Foreign buyers must confirm details with a qualified local lawyer as there are differences based on citizenship, and laws can change.
Recent adjustments include the introduction of a 0.4% seller's fee for the Central Agency for Equal Distribution of Burdens.
Sources consulted (2026-07-27): - Purchasing Property - Ministry of Interior - Gov.cy: https://www.gov.cy/moi/en/purchasing-property/?utm_source=habio - Εργαλείο υπολογισμού Φ.Π.Α. 5% για αγορά/ανέγερση κατοικίας - Tax For All - Gov.cy: https://www.gov.cy/mof-tfa/documents/ergaleio-ypologismoy-f-p-a-gia-agora-anegersi-katoikias/?utm_source=habio
Always check the latest legal requirements and fees.
General guidance only — confirm specifics with a qualified local lawyer or tax adviser. Reference
