Posts tagged: cyprus property

Investing in Cyprus Property

Stavros Papadouris asked:


Investing in Cyprus

The correct time to do so

If you are having thoughts of investing in Cyprus now is the time to do so. Buying property in Cyprus could be a great investment, especially for those who want a holiday home or an investment property.

With ambitious plans to build new tourist attractions, including 10 major golf resorts in addition to the three already open, two new marinas, yacht clubs and sports centers, the future is looking up for the island making any kind of property investment in Cyprus a lifetime opportunity.

Investing in Cyprus properties has taken off in a big way over the past years, with many opportunists buying whole apartment blocks at a time or large chunks of holiday developments with a view to reselling in a few years. The “Buy to Let” concept has become a common practice to individuals investing in Cyprus as it is a very easy and safe way to invest and not be troubled about any mortgage payments.

Ever since Cyprus became a complete member of the EU it’s economic growth has progressed steadily, resulting in it’s rising popularity. The foreign resident population has developed in a big way forcing up property values as it becomes clear that it is a very special place to live in. It really is a dream come true opportunity as far as property investment in Cyprus is concerned.

With Cyprus now in the Euro zone huge investments are given the green light in infrastructure and new amenities. The ongoing projects to upgrade the Larnaca and Paphos airports and improve roads are also fuelling confidence to any person thinking of investing in Cyprus.

Investing in Cyprus is a particularly attractive move at the moment as the market has grown at a stable rate for a number of years, yet prices remain competitive. Cyprus off plan developments offer some particularly good deals, with value for money projects being built anywhere in the island. Buyers investing in Cyprus generally get more property for their money, with good size rooms and plenty of extras included in the price such as double glazing, air conditioning, solar heating panels, fitted kitchen etc.

Investing in Cyprus properties is a safe way to have an excellent return for your investment and still enjoy spending some quality time in one of the most beautiful and safe islands of the Mediterranean. No matter if you are a property investor or an individual property buyer one think is for sure, investing in Cyprus can be one of the best decisions you ever took in your life.



Paphos Property

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categories Uncategorized | admin | datetime November 8, 2009 10:19 pm | comments Comments (0)

Low Cost Opportunities in Cyprus Property

Steven Clarke asked:


Following the adoption of the Euro by the Republic of Cyprus earlier this year, the relative cost of Cyprus property has increased with a corresponding drop in foreign investment interest. However, re-introduction of fiscal policies such as tax breaks and incentives for property owners domiciled in Cyprus, along with changes in domestic politics means that investment interest is surging, especially in the north of the country.

The introduction of low cost air carriers such as Easyjet and Ryan Air are expected to drive visitor numbers over the next few years, which will in turn increase rental values and demand for Cyprus property. Easyjet have already established a route servicing Paphos, whilst Ryan Air are still negotiating with the Cyprus authorities. In any event, given the growth of low cost flight carriers, affordable flights can be expected to increase.

Tourism is the primary industry of Cyprus, with year long demand for rental of Cyprus property, and for good reason. Cyprus boasts a sunny climate all year round, with long hot summers that average 27 degrees centigrade in the north, and 30 degrees in the south. Winters are mild, and the temperature will rarely drop below 12 degrees centigrade, making it an ideal tourist destination at any time of year.

Rainfall occurs primarily in winter, with the result that the island is green and verdant for most of the year, and host to a wide range of subtropical plants, including orchids, for which the island of Cyprus is famous. Cyprus is also steeped in history, with ruins and sites of historic interest within easy reach of any potential Cyprus property investment.

Cyprus also boasts many miles of beautiful and unspoiled sandy beaches, with numerous deserted peninsulas and undeveloped areas. For the Mediterranean, this is a fairly unique feature and gives the holiday maker who is seeking peace and quiet a wide and varied range of potential destinations.

These features of the island of Cyprus are relatively unlikely to change in the near future, and all of them represent good reasons for potential buyers to invest in a Cyprus property. However, there are a number of political issues that a potential purchaser of a Cyprus property must take into consideration when making an investment decision.

Following the invasion of Northern Cyprus by Turkey in 1974, the island has remained divided into two separate republics. However, only the southern Republic of Cyprus has been recognised by international bodies such as the European Union and the United Nations.

Following the introduction of an elected government, the Southern Republic of Cyprus was formally accepted into the European Union in 2003 and the Euro was formally adopted as the local currency in February 2008. This has provided political and economical stability to the South of the island, which has prospered in the last five years with major growth in the value of Cyprus property.

Whilst a ‘North - South’ divide remains in Cyprus property prices, Northern Cyprus properties have received a boost after the disestablishment of border crossings in 2005. Furthermore, recent improvements in the political situation have increased the likelihood of the development of the long term resolution of the dispute that has divided Cyprus into its northern and southern regions. This means that there is a real prospect of a major elevation in Cyprus property prices located in the North of the country in the relatively near future.

As with all investment decisions, it is wise for any potential investor in Cyprus property to take expert advice and to ensure that full advantage is taken of any local financial and investment incentives before committing their money overseas.



Caffeinated Content

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categories Uncategorized | admin | datetime June 28, 2009 5:33 pm | comments Comments (0)

Cyprus Paphos Property Buying In The Top Location

Cyprus property is a great investment and buying in a top location such as Paphos makes it an even better proposition still. The old adage “location,location,location applies to property wherever you buy and Paphos is a prime location for Cyprus property of all kinds. The town itself is steeped in a rich cultural history and there are archeological sites in the area dating back to before the roman empire. Everything from tombs and ancient mosaic floors to a genuine medieval fort right on the harbor front. The pretty harbor is lined with intimate cafe’ bars and superb restaurants where you can dine whilst looking out over the clear blue Mediterranean Ocean.

The town is actually two distinct towns or areas. Paphos town and Kato Paphos or upper and lower paphos as they are known. The old town being the upper whilst the newer resort area is known as Kato Paphos. There are lots of shops,plenty of supermarkets and the capital city of Nicosia with all the major stores is only a short drive away. A few kilometers along the coast is the beautiful resort of Coral Bay with it’s long sandy beach and lively strip. There is major development going on all over the area and property prices are already amongst the highest in Cyprus. The good news for the would be Cyprus property investor is that prices look set to increase for some time to come.

The resort of Paphos has over the last few years gained an “all year” status and most of the business now remaim open throughout the winter whilst the rest of Cyprus hibernates from around October to March. This is great news again for Paphos property owners who are now able to tap into a year round property rental market. Paphos is also the top location for many other good reasons not least it’s proximity to the Islands major airport and coastal motorway network. The rest of this beautiful Island is easily accessible and airport transfer times are negligible.

If you are still not convinced that Paphos is the best location for Cyprus property wait up because there is an ace in the pack. Cyprus golf property! Wherever you have golf you have a demand for holiday property and Paphos is the golfing center of Cyprus with the best facilities on the Island just outside the town. With the potent mixture of golf,sun and sea it is little wonder that property prices in the area continue to rise faster than anywhere else in Cyprus.

So there will never be a better time to invest in property in Cyprus especially in the Paphos area. If you are seriously considering buying an apartment or villa in Cyprus you would do well to make the move sooner rather than later. You probably need no reminder of what has happened in Spain where many would be property owners hesitated and lost out. Remember they do say that “he who hesitates is lost” and the current Cyprus property boom could make you a winner or a loser in the real estate race so now is the time to act.

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categories Uncategorized | admin | datetime May 6, 2009 2:53 am | comments Comments (0)

Cyprus Property For Sale In Paphos

Paphos in Cyprus still remains the number one resort on the Islands West coast and this of course has done wonders for property values in the area. There is however still lots of room for even more growth in this lucrative Cyprus property market. Bargain Cyprus properties can still be located all over the Paphos area by those astute investors or holiday home buyers who know where to find them. The prospect of finding good deals on Paphos property substantially increases when prospective buyers open up their options to include resale properties too. The development of property in the Paphos area has been expanding for several years now and many of the older builds are now finding their way onto the Cyprus resale property market.

It’s not just older properties either that are sold under the banner of “resales” because there are large numbers of virtually new built Paphos villas and apartments being sold as resales too. These will usually be in the form of property that was originally purchased “off plan” by speculators with the intention of selling at a profit on completion of the development. Whilst the owners are awaiting a sale they may have been rented either to the lucrative Cyprus holiday rental market or to short term tenants. Many such lets would be to people wishing to live in the Paphos area whilst they await completion of their own new build Paphos properties.

There is even a good chance that your resale Paphos property may never have been lived in at all. Speculators and investors will be advertising these villas or apartments for sale as soon as they are nearing completion and they need to sell to reinvest the capital in the next development. Often as not these properties will have one or two “sweeteners” included in the deal such as fully equipped kitchens complete with all the white goods or maybe even air conditioning thrown in too. Don’t get the wrong idea though these hard nosed Paphos property investors are in it for the money so they may be hard to crack. The bottom line is however that they make money from money so in many ways they could be seen as motivated sellers.

As the old saying goes “money talks” and buyers that have their finances lined up ready are always going to be in a good position to drive a bargain. Property in Cyprus is not immune to this golden rule and particularly in a thriving area such as Paphos so like the boy scouts it pays to be prepared. Unless you have been marooned on some desert Island for the last 50 years you will know that there is big money in property so these sellers do have room to manoeuvre. If you can’t get the deal you want (within reason) move on to another property. Don’t allow yourself to be blackmailed with the usual lines like “this is the last one” the price is going up next week” or any of the other hard sell patter that will most likely be headed your way.

There is always another Paphos property to buy,in fact new villas and apartments are coming onto the Cyprus property market on an almost daily basis. The very fact that all this development continues at such a pace almost guarantees buyers a good deal because the Paphos property developers and speculators have got to sell somewhere. There is little doubt that prices in Paphos and the surrounding area will continue to rise steadily for some time to come so buyers wishing to cash in should move soon. Paphos villas and apartments are ideal for the small investor or private buyer due to their ease of rental especially to the booming holiday market. If you are considering purchasing property in Cyprus Paphos may be a great place to look.

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categories Uncategorized | admin | datetime March 23, 2009 2:52 am | comments Comments (0)

Why Buy Property in Paphos?

At the Cyprus coast in the southwestern region lies a beautiful chunk of land that is known as Paphos. According to history,Paphos was the commercial and information center of Cyprus. The local people believe that the town was built at the birthplace of the Greek legend goddess of love,Aphrodite. The old Paphos has not been entirely mixed up and disappeared with the new civilization and the city still has numerous landmarks and relics that show its ancient civilization and connections to the first beginnings of Christianity. However,21st century civilization is also evident in the town in infrastructure like airports,roads and dams. This has been enabled by the government in conjunction with the local authority as a way to boot tourism in Paphos. There has been development of beautiful seaside villas,hotels and resorts in the town.

A majority of the residents of Paphos stay in Ktima where there are many apartments and shopping places. Most visitors and tourists stay in Kato where the hotels and resorts are many. Kato is built next to the old port and contains many entertainment spots and tourist activities like skiing.

For visitors and tourists,Paphos offers many exciting attraction sites to see. One of the major attractions is the Acropolis,an ancient landmark that is found near the town’s lighthouse. There are also the catacombs which date back centuries ago that tourists and visitors alike find attractive. At the entrance of the underground catacombs of Agia Solomon,a large pistachio tree welcomes visitors into the ancient history of Paphos. The Paphos Castle,Odeon Theater,Byzantine Museum and the District Archeological Museum are other landmarks that contribute to the exciting history of the town.

More tourist attractions include the Ayiois Neophytos monastery,church of Emba,Great Wall of Lemba,and the M/V Demetrois II wreckage.

Investors who are contemplating buying property in Paphos have good gaining opportunities because the choice to purchase property in Cyprus offers high returns in investment. The town is a big tourist attraction site and is among the world’s cultural heritage sites that were designated by the United Nations Educational,Scientific and Cultural Organization (UNESCO). As the government steps up efforts to lure more visitors to Paphos,property value is expected to significantly rise as the demand for land to build hotels and other accommodation for tourists increases. At the moment,investors have a chance to grab this opportunity before property becomes too expensive or out of reach.

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categories Uncategorized | admin | datetime December 1, 2008 2:50 am | comments Comments (0)

Cyprus Paphos Property Buying in the Top Location

Kevino More asked:


Cyprus property is a great investment and buying in a top location such as Paphos makes it an even better proposition still. The old adage “location, location, location applies to property wherever you buy and Paphos is a prime location for Cyprus property of all kinds. The town itself is steeped in a rich cultural history and there are archeological sites in the area dating back to before the roman empire. Everything from tombs and ancient mosaic floors to a genuine medieval fort right on the harbor front. The pretty harbor is lined with intimate cafe’ bars and superb restaurants where you can dine whilst looking out over the clear blue Mediterranean Ocean.

The town is actually two distinct towns or areas. Paphos town and Kato Paphos or upper and lower paphos as they are known. The old town being the upper whilst the newer resort area is known as Kato Paphos. There are lots of shops, plenty of supermarkets and the capital city of Nicosia with all the major stores is only a short drive away. A few kilometers along the coast is the beautiful resort of Coral Bay with it’s long sandy beach and lively strip. There is major development going on all over the area and property prices are already amongst the highest in Cyprus. The good news for the would be Cyprus property investor is that prices look set to increase for some time to come.

The resort of Paphos has over the last few years gained an “all year” status and most of the business now remaim open throughout the winter whilst the rest of Cyprus hibernates from around October to March. This is great news again for Paphos property owners who are now able to tap into a year round property rental market. Paphos is also the top location for many other good reasons not least it’s proximity to the Islands major airport and coastal motorway network. The rest of this beautiful Island is easily accessible and airport transfer times are negligible.

If you are still not convinced that Paphos is the best location for Cyprus property wait up because there is an ace in the pack. Cyprus golf property! Wherever you have golf you have a demand for holiday property and Paphos is the golfing center of Cyprus with the best facilities on the Island just outside the town. With the potent mixture of golf, sun and sea it is little wonder that property prices in the area continue to rise faster than anywhere else in Cyprus.

So there will never be a better time to invest in property in Cyprus especially in the Paphos area. If you are seriously considering buying an apartment or villa in Cyprus you would do well to make the move sooner rather than later. You probably need no reminder of what has happened in Spain where many would be property owners hesitated and lost out. Remember they do say that “he who hesitates is lost” and the current Cyprus property boom could make you a winner or a loser in the real estate race so now is the time to act.



Caffeinated Content

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categories Uncategorized | admin | datetime October 12, 2006 4:32 pm | comments Comments (0)

Finding a Great Deal on a Paphos House

Kev Moore asked:


Paphos is a not just a great Cyprus holiday resort that remains open all year round its a thriving town too. So if you are looking for property in Cyprus a Paphos house could make a solid investment indeed. Apart from all the new developments that are still springing up all over the area there are still plenty of older traditional properties becoming available. There are some real nice suburbs on the fringes of the town where you could find a traditional Paphos house or villa for sale. The pretty villages are even seeing some development as well due to the developers looking for plots further in land or away from the more expensive resort centers Despite prices of Cyprus property continuing to rise there are still some real estate bargains to be had if you know just where to look for them.

If you prefer older property there is little point in using the larger Cyprus real estate agents because they are often more interested in selling new or off plan builds. This is mainly down to the larger commissions they earn from those type of sales so they tend to push them rather than resale properties. Another issue for the Paphos house buyer to take into account is title deeds. Because houses less than around ten years old will have not yet recieved separate deeds and the banks won’t lend against them. Obviously buyers raising capital against assets at home are not going to have the same problem. The best places to start your search for that Paphos house is most likely with the smaller local estate agents. This will involve a little spade work but the benefits should be well worth the effort.

There have even been several instances where Cyprus property has not even been advertised with an agent but sold literally by word of mouth. This is more often the case in some of the smaller villages so a little local knowledge could take you a long way. Again its all a matter of driving around and doing a little research before you even think about buying that Paphos house. With so much property on offer the choice can be almost bewildering so having a wish list at the outset makes good sense. The other well known secret of property buying is not to rush in and don’t let yourself be pressured. If you do decide to opt for a new build Paphos house watch out for some of the usual hard sell techniques that may be employed. Don’t fall for the “this is the last one” or “the prices are going up tomorrow” because there will always be another Paphos house coming onto the market.

Should you be prepared to drive a bargain there is always room for a deal. Property developers make lots of money but they need to sell houses. You never can tell, that Paphos house you have set your heart on could belong to a motivated seller. Motivated sellers are people who need to sell quickly for some reason or another. It may be that they wish to return to the U.K or even some kind of financial pressure that is compelling them to sell. The key to taking advantage of motivated sales is the ability to finance the deal quickly so having your finances in place is crucial to your success. No one is saying that people needing to sell should in anyway be taken advantage of. Rather that as a buyer you would be in a position to offer a solution to someone else’s difficulties.

In a way all sellers are motivated to move property along for some reason or another or they wouldn’t be on the market. Even the big Cyprus property developers will want to sell that Paphos house for the best price they can get. Ultimately however everything is there to be sold so there is always some room to maneuver. Many developers are often willing to throw in some extras such as air con and white goods in the kitchen. You can always ask because they can only say no and there are plenty of properties out there to choose from. Always be prepared to walk away from a property if you can’t reach a price you are agreed upon (within reason) because there really is always another one just around the corner. If you don’t let your heart rule your head you stand a good chance of finding your perfect Paphos house.



Paphos Property

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categories Uncategorized | admin | datetime February 20, 2006 9:40 am | comments Comments (0)

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