BUYING PROPERTY IN CYPRUS

The relatively low cost of living in Cyprus is definitely one of the advantages that appeals to the potential buyer. The island offers a full but comparatively inexpensive lifestyle. In fact, recent statistics pointed to Cyprus as being one of the most inexpensive countries in Europe.

The local markets flaunt a wealth of colourful fresh fruit and vegetables, meat and fish … locally grown and produced…whilst the modern supermarkets are fully stocked with a large range of local and imported goods.

Property Investment in Cyprus

Over the past 27 years, most areas in Cyprus have not experienced a single year of declining nominal home prices. By most measures, 2002 was the strongest year for housing on record. Residential investment, home sales, home ownership rates and home prices all improved over the previous year, and continue to boom in through 2003 and 2004.

A typical 3-bed house that in 2000 would have cost just £85,000 rose to £100,000 in 2001, £120,000 in 2002, and this year will be selling in the region of £150,000-plus.

With Cyprus now a member of the EU ( 2004) we can all be sure that this rate of growth will only escalate.

Strong Rental Market

Many owners augment the profits from their investment by letting-out their property for part of the year, usually covering their mortgage costs and more. All this can be managed for you by us or our partners.

All properties are sold with a guarantee that the owners will receive the full Title Deeds to their property once the development is complete.

Strict Planning Regulations

In accordance with the strict Cyprus building regulations all projects are constructed to very high standards required by current legislation in Cyprus.

Every property is also designed and constructed to be earthquake-resistant (unlike most homes in the UK)!

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