Cyprus Property for sale
Cyprus may be a small country, but it is a large island, the third
largest in the Mediterranean. The island of Aphrodite is a place
with a big heart; an island that gives its visitors a genuine welcome
and treats them as friends. The capital of Cyprus is the beautiful
Nicosia.
The other major cities of the Island are Famagusta, Limassol and
Paphos. On May 1st 2004,
Cyprus joined the European Community, which has opened the door
for property investment and growth. The rapid improvements in the
islands infrastructure and its awaited further developments (more
golf courses, airports, marinas, etc.)
Cyprus is a multilingual community making for easy communication for its international residents. The official languages in Cyprus are Greek and Turkish but English is widely spoken across the island.
The property market in Cyprus offers great potential for superior investment returns for investors and second homebuyers alike. Peyia and Coral Bay are particularly good areas for investment, as they are established and visited by many tourists.
Reasons to buy:
Demand for property has increased 15-20% year on year.
Economic climate boost by accession EU membership May 1st 04
The Central Bank of Cyprus base rate is 4.25% whilst the European Central Bank (ECB) rate is only 2%. Interest rates have to converge for possible Euro entry in 2007. As Interest rates go down interest in property goes up and as such prices start to rise.
There is potential for the devaluation of the Cypriot pound prior to Euro entry in 2007. This could mean adding up to 15% in sterling value, so playing the currency game may be very good.
Interest in the island of Cyprus has increased worldwide from places like affluent Russia and former Soviet states. There is also a large investor demand from Greek Cypriots living in the UK and US, people are coming back to the island to buy.
The population is educated, English speaking and has a low cost workforce which attracts capital investment from within the EU and other markets
The British already have 50,000 ex-pats, which provides a good community for UK retirees and a dynamic demand for quality property in many areas.We offer a number of new
development real estate off plan projects in the Cyprus, South
Cyprus for sale. If you would like information on any of our new
development projects in Cyprus please click on one of the following
developments:
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New Development CY17 | Set in the popular village of Peyia, just 5 minutes drive from Coral Bay with its beautiful beaches and coastline... | Peyia / Cyprus | 88.100+ € |
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New Development CY18 | The NDCY18 Project is located on the east side of the picturesque village of Peyia. The project consists four blocks... | Peyia / Cyprus | 101.000+ € |
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New Development CY22 | NDCY22 is situated on the outskirts of the rural village of Tala with spectacular views of the Pafos coastline and... | Tala / Cyprus | 110.000+ € |
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New Development CY31 | NDCY31 is set within the beautiful village of Peyia with its traditional taverns and coffee shops and only a 5-minute... | Peyia / Cyprus | 114.000+ € |
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New Development CY33 | NDCY33 is beautifully located in the lovely village of Mandria, which is walking distance to Mandria Bay, only 5km from... | Mandria / Cyprus | 102.000+ € |
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