Demand for Cyprus property is constantly on the increase, thanks to the many advantages of purchasing a property in the country. Investors and those looking for holiday homes alike have become more and more interested in taking advantage of the lower prices and vastly superior climate that one can find in Cyprus. It bears many similarities to the UK when it comes to lifestyle and English is very widely spoken.
When looking for properties in Cyprus for purchase, consider what you want carefully – do you want only a small apartment to visit one a year for a couple of weeks , or do you want a family sized home to spend whole summers in or rent out to bigger groups? These properties can even be built to the customer’s request, creating a bespoke property in the sun at prices that one would pay for an inferior property back home in the UK – smaller, in a less favourable location or simply old and not looked after, the home you would get in the UK for a similar sum would be far less impressive. Many properties on the market are brand new or only a couple of years old and so the overall condition of these homes is very impressive, often saving you a small fortune in unforeseeable repair and maintenance fees, making investing in Cyprus property a viable option even for those who may not want to invest in a new and very expensive property on the volatile British real estate market.
Without a doubt the sun and sea is what attracts many holidaymakers so there are solid profits to be made by renting properties out, too – there is nothing unusual about purchasing a property simply to rent it out later and provide more income back home. The buyer may never use the property themselves or may rent for some months of the year while keeping the property empty for their own use at other times. A villa could pay for a good portion of its price while providing the buyer with a holiday home, too. For those looking for a larger family home, there are villas with large, private pools available on the market, an option those of us living in Britain often wouldn’t find worth investing in.
The advantages of owning Cyprus property are countless, and with much more agreeable weather and lower costs of living overall, some buyers are even considering moving there permanently.