Investment Property in Cyprus
This islands nation has been the toast of the British investor for decades. Cyprus
is, indeed, an attractive country as well as a popular real estate investment destination
offering property for sale in Cyprus
to the many investors looking to acquire their own piece of Cyprus. With all year
round sunshine, Cyprus rocks to the tunes of visitors from all over the world flocking
in to this tiny Mediterranean island.
Moreover, there’s no such time as ‘lean period’ as regards to the
influx of tourists in the country is concerned. Miles and miles of pristine beaches
in the country ensure there is no shortage of activities to be indulged in by the
visitors at any time of the year. Overall, Cyprus is like a pocket-sized dynamo
for the real estate investors all across Europe.
Property Investment Opportunities in Cyprus
Since the country joined the European Union (EU) in 2004, the fortunes of
Cyprus real estate are on an upswing. Not only with holiday-seekers, but second
home buyers now are also flocking to the country mainly due to the excellent climate
and large English-speaking population.
Although Cypriot Greek is the preferred language here, the majority of people understand
and speak English with considerable ease and as a bonus they also drive on the same
side of the road as the UK.
Cyprus has no shortage of investment property
opportunities all across the country. However, the hottest regions from the property
investment point of view include property and areas like:
and many more regions including
Protaras, Kyrenia,
and Famagusta.
These places have witnessed maximum activity in terms of real estate transactions
over the past few years. Investors have shown tremendous faith in these areas due
to their potential to offer high returns.
Moreover, these are either tourist spots or in proximity to the hotspots of the
country. Therefore, you can easily expect a consistent rental income from vacation
properties in these towns.
The prices of real estate in Cyprus
are on a lower pedestal compared to the UK real estate prices.
Apartments in Larnaca are available from £100K, and a separate dwelling
(residential home) can be yours for £250K. The
Paphos region is comparatively cheaper than
Larnaca and
Northern Cyprus has properties well below £50K.
The range of properties available for investment purposes in Cyprus include villas,
mansions, residential homes, and holiday property. All of these properties are in
great demand from the domestic as well as international investors.
However, the membership of the EU brings in a large number of European investors
into the countries real estate portfolio. Therefore, there’s an added incentive
for British investors, having an opportunity to share the neighbourhood with fellow
countrymen and other Europeans!
The rollicking property scenario in Cyprus is as much attributable to the long coastline
as it is to the vine-blessed mountainous region, which is famous for its Cypriot
wine. The country has a certain degree of historical significance also and you can
visit the remnants of Roman and Greek civilization spread all across the country.
The capital city of Nicosia is particularly popular among the real estate investors
in Cyprus due to its ultra modern lifestyle and easy accessibility to the leading
business and commercial centres in the country.
Cyprus is also a strategic base for several nations. This is the reason that
Turkey is a part of the North Coast of the country. Though the area is disputed
and awaiting settlement, it doesn’t flare up into any kind of violent turmoil.
Peace despite serious situation here is also a contributing factor for the investors
interest in the area.
Administrative Convenience in investing in Cyprus
The government of Cyprus is in an overdrive in order to promote property investment
climate in the country. The laws, bylaws, rules and regulations concerning real
estate in the country are already on an easing road.
While investing in Cyprus, make sure you are always on the lookout for VAT-exempt
properties and strike really outrageous bargains on some of the prime properties
in the country. Banks and financial institutions are also trying their best to make
loans more lucrative and accessible for small investors.
Cyprus follows common rules and principles for real estate investment that are adding
to the English legal system. The understanding of the UK property laws come in handy
if you are planning to invest in Cyprus.
Cyprus is in a developmental mode, and this gives rise to certain economic disparities
in the country. Additionally, Cyprus has one of the lowest average salaries in Europe,
which acts as a double-edged sword.
On the one-hand, it brings lots of employment opportunities in the country, also,
there is an ever-growing gulf between the rich and poor. Though poverty is not a
very big issue at present, the government hopes to address it before it escalates
out of hand.
Cyprus is considered to be one of the easiest countries to invest with not many
hurdles for foreign investors. However, it will still be advisable if you hire a
local attorney to handle all the legal and administrative paperwork in order to
peacefully own and enjoy a Cypriot property.
Recently Added Investment Opportunities in Cyprus
4 bed
Villa
Northern Cyprus - Cyprus
This extremely prestigious development of just seven bespoke luxury villas is on a superb site overlooking the clear blue Mediterranean Sea in Northern Cyprus. The site of just under two acres, is by
...
2 bed
Apartment
Northern Cyprus - Cyprus
A rare opportunity to purchase a property on the sea front with superb sea views.This exclusive apartment development in Kyrenia is right on the sea front and within walking distance of Kyrenia town c
...
3 bed
Apartment
Northern Cyprus - Cyprus
Set in a stunning coastal location east of Kyrenia this development enjoys breathtaking views of both the mediterranean coastline and the magnificent North Cyprus Mountains.
These three bedroomed fir
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3 bed
Apartment
Northern Cyprus - Cyprus
These luxury three bedroomed apartments are in an exclusive gated community set on a magnificent mountain slope surrounded by pine, fir and cypress forests.The large communal pool, sundecks and other
...
2 bed
Apartment
Northern Cyprus - Cyprus
These luxury two bedroomed apartments are in an exclusive gated community set on a magnificent mountain slope surrounded by pine, fir and cypress forests.The large communal pool, sundecks and other fa
...
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for sale in Cyprus