Category: Real Estate

Positive Times For Property Purchases in Cyprus

Hannah Walker asked:


After several troubled decades Cyprus has recently got big on the property market. Just south of Famagusta - one of the towns at the heart of the Turkish invasion - the Mystical sands resort and spa is set to follow the North Cyprian trend and rocket in value pretty swiftly. This bodes well for holiday complexes and luxury resorts in other areas of North Cyprus, such as Paralimni and Bafra.

Famagusta has tall modern apartment blocks along a beautiful stretch of beachfront - miles of golden sand and turquoise water - one of the most acclaimed in the Mediterranean! A strong contrast from the deserted town of Varosha, abandoned by its Cyprian inhabitants when Turkey invaded in 1974, trees grown in the streets and wild dogs roam about, however developers believe that the success of resorts and towns like Famagusta, with its sudden increase in prosperity and popularity, will spread to other largely unexploited areas of the eastern coast and northern Cyprus.

Progress is visible everywhere, a new airport is to open in Larnaca 2010 and areas such as Paralimni - just south of the Famagusta border and boasting some of the best beaches in Cyprus - are not remaining undeveloped for long. Geraint Evans, director of the International property group is working with local developers Karma and jumping on the bandwagon to create a new development, figure-headed by former Liverpool FC hero Ian Rush. Evans spoke about how the popularity of certain resorts has influenced undeveloped areas like Paralimni.

‘There are no golf courses, spas or big name hotels… That is changing as the success of Aphrodite Hills, a five-star golf resort near Paphos, has started to have a knock-on effect on this coast, and Cyprus’s first big marina (one of the biggest in the med) is being built in Ayia Theckla’.

This new Mystical Sands property development in Paralimni will have 345 two-bedroomed, furnished apartments starting from £199,950, set around a spa and possibly a football academy. The developments front man Ian Rush already owns three properties in the Algarve which have tripled in value in the last ten years and he is hoping this holiday home investment will do the same. The properties are expected to earn rental returns of six to eight percent a year and rise in value by ten to fifteen percent annually. However Evans believes most buyers will want to hang on to the properties as personal holiday homes, due to the charm of the area and all it has to offer ‘It resembles England thirty years ago, with low crime and strong family values’… and of course hotter weather!

Retired couples are also flocking to traditional agricultural villages near the sea, such as Avgorou near Famagusta, according to BuySell Real Estate, ‘there is a rise in demand among British buyers for resale properties in Cyprus’. There are also homes, business opportunities and whole new lives awaiting Britons who move to these areas. Gary and Sharon Connor, originally from Kent, moved to Paralimni and now run the Divers Unlimited Scuba centre. Their four-bed house has doubled in price in the time they’ve lived there. Gary Connor spoke about his hopes for the future of Cyprus,

‘There is much more development, with many hotels being brought by developers to turn into luxury apartments. A resolution to the Cyprus problem will increase tourism and open up avenues here’.

Bafra is a beautiful serene area in northern Cyprus; this too has been influenced by recent interest in Cyprus and is currently undergoing a huge development project by Whiterocks and Blue C, who are building luxurious holiday apartments set around stylish courtyards, with many other facilities set for the future. As Cyprus gains in popularity the house prices are rising. Watch these fast filling scenic spaces… this seems to be the new place for prudent property investments.



Kansieo.com

Buying Cyprus Property - the Market Place is Changing

Dale Campbell asked:


Real estate agents and developers in Cyprus are complaining because to them property for sale in Cyprus is not, perhaps, generating as much rewards as they expected. Sales are dripping and price increases, which were evident from 2005 - 2007, no longer seems to exist. The Cyprus property for sale tag which was once quite high, as a result of the credit crisis and economic downturn has been slashed to unthought-of levels. So do we hear loss?? Well maybe there are those who are complaining of a bad situation, but if the facts and figures are well analyzed, it would be clear that this is the time to invest.

Cyprus property for sale has always been a tempting business proposition for UK investors. More than 300 days of sunshine, coupled with island’s beauty, has easily attracted investors. Property purchases tended to be for investment, or second home options. The purchase possibilities have been quite interesting in this third largest Mediterranean island. However the massive property price increases, over the last few years, have caused many to abstain from owning a property in Cyprus.

But the cards are already changing hands. The situation, which was once daunting for the buyers, is changing to present new avenues of investment. The property prices have been slashed to offer Cyprus properties for sale in for or even under £85 k. Even a five star apartment in North Cyprus can be negotiated around the stated cost tag. Moreover, because there are not many buyers, businesses are facing extreme difficulties to ensure just the basic survival, which offers even better financial terms to prospective buyers. For instance, a plot in Alethriko, which was for CYP 120,000 a few months back, is now at a price for less than CYP 90,000. Moreover, with about a 40 % decline in property sales, there is nothing much the sellers can play on. Paphos is the region facing the most severe blow. Simply stating, at this hour a property for sale in Cyprus is a deal wherein buyers can manipulate the terms to suit them.

The government too is facing the brunt. Capital gain taxes, which contributed to their overall revenue, are shrinking. The lack of buyers is disturbing the overall financial scenario. This is making the Cypriot administrative machinery gear up to introduce measures and thus work towards repairing the situation. So, for those buyers who invest now, profitable returns are more realistic.

While various regions can be checked, north Cyprus in particular deserves special mention. Property for sale in Cyprus in the northern region is already cheaper in comparison to the southern options. Moreover, sterling is the currency deployed for sale and purchase, which grants an added advantage to the UK buyers. And if the political scenario is to be believed, reunification plans can further boost the north Cypriot property market situation.

When it comes to buying a Cyprus property, the buying process begins by signing a reservation agreement. The agreement ensures that for a deposit the seller withdraws the selected property from market. The Contract of Sale is the next stage. This is quite an important step as the Contract of Sale deserves serious contemplation. If buying a property in Cyprus, do not just sign the standard Contract of Sale, but check it thoroughly and ensure appropriate modifications to suit your interests. Once it is signed the contract is stamped and a copy is submitted with the Land Registry. The next step entails transfer of the Title Deed to the name of the purchaser. A Certificate of Registration is provided to the purchaser, which confirms the purchaser as the absolute owner of the selected Cyprus property for sale.



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Cyprus Property For Sale - Limassol Has it All!

Kate Deas-Smith asked:


Geography maps of Cyprus show that Limassol is situated in the middle of the south coast of the island. It has over 15 km of coastline and the magnificent Troodos Mountains looming against the skyline. Cyprus property for sale in this area is popular due to the variety of scenery and real estate available. These are those who prefer a Cyprus villa in Limassol to be located in the foothills of the Troodos in one of the sleepy villages surrounded by vineyards, others favour apartments in Limassol Cyprus that are closer to the coast and energetic nightlife the town is legendary for.

Limassol has the main port on the island, a busy commercial centre and is the second Cypriot city after Nicosia. There is a brilliant shopping centre, tourist beaches and numerous hotels and apartments that cater for the visitors who flock to the city from home and abroad. Cyprus property for sale in the region has recently been given another boost by the announcement from the Minister of Commerce that the contracts have been signed for a new marina which will be situated in the heart of the city and it will have the room to hold 1000 boats.

One of the other plus points of Cyprus property for sale in Limassol as geography maps of Cyprus will show you is that it is almost situated exactly half way between the two airports on the south of the island, Paphos and Larnaca, so there are always two choices to fly in and out from which can help for availability, choice and price of flights. There has also been a long term venture of road improvements that has lasted over four years and is now almost completed that has involved building under and over passes around the five roundabouts on the main road that runs through the outskirts of the town from Nicosia and Larnaca through to Paphos. After years of inconvenience the result is fantastic and the journey from east to west of the town which on a good day, out of rush hour which used to take over half an hour can now be done in about 7 minutes.

A Cyprus villa in Limassol can take advantage of a wonderful cultural life as the town hosts two of the islands largest annual festivals - the pre-Lent Carnival and the September Wine festival. The area also has some of the finest and most important historical sites. Cyprus property for sale benefits from the area having all of the virtues of the island; the sea, mountains, village life history and a city centre for those who like an urban element.

So all in all what a fabulous location for Cyprus property for sale, you can see why it is so popular, added to all of this the Cyprus weather is the icing on the cake, making it possible to enjoy all the outdoor life that is available. Come and look for yourself you will love what you see!!



Kansieo.com

Property in Cyprus. Things to Consider While Buying a Property in Cyprus

Stavros Papadouris asked:


If you decided to purchase property in Cyprus, you’ll do well to learn a few things before you do so.

Buying a property in Cyprus can be an easy and stressful procedure as long as you have a clear mind why you wish to buy a property Cyprus. Is it to use it as a permanent home, a holiday place or for investment purposes? Is it perhaps a combination of all three? If yes then have in mind that you might need to compromise a bit with your requirements in order to satisfy all your needs.

A property in Cyprus can offer a wide range of advantages in relation with weather, cost and standards of life, safety etc. Am amazing location is also what you get by buying a property in Cyprus as many Cyprus properties offer breathtaking sea and mountain views. Due to the privileged location of Cyprus it is very easy to get direct flights to and from almost any place in the world.

As in the majority of other European countries, property in Cyprus is considered to be a very safe investment. Property in Cyprus would make a great investment if you like investing in something secure. The property for sale in Cyprus today will very well pay for itself in the future. The Strategic Plan for Tourism 2010 is upgrading facilities and resorts in line with 21st century tourism trends. This is set to boost the already thriving tourism industry on the island.

If your intention is to buy a property in Cyprus strictly for investment purposes the “Buy to Let” and “Buy to Sell” concepts can be ideal for you. A down payment of around 30% is enough to make you the legal owner of a property in Cyprus that is due to complete in a year, giving you all the chances to resell it before completion and make an in between profit that usually ranges from 20-25%. You can also choose to keep your property in Cyprus with the intention of letting it out having a rental income equal to your mortgage dosage. You will find that there are many management companies that will treat your property in Cyprus as if it is their one. In conclusion, no matter what the actual purposes for buying a property in Cyprus, there are all the reasons to do so.



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Cyprus Property For Sale in Larnaca is in Demand

Kate Deas-Smith asked:


Cyprus property for sale in Larnaca is now in great demand and there are lots of reasons factors for this, one is that people checking for prices of cheap flight only to Larnaca Cyprus are finding that they are coming down all the time. With the building of a brand new three-storey 95,000 square feet passenger terminal with a capacity for 7.5 million passengers per annum and the introduction of more low fare airlines, and renovation and upgrading of the current building the trend looks set to continue.

Once Larnaca, which took over the main airport mantel from Nicosia when that was closed following the Turkish invasion in 1974, was used a gateway to the island as people passed through on their way to other destinations on the island. Over the past 5 years this has changed and desirable Cyprus property for sale developed around the area and a great amount of property investment has been made which reflects the infrastructure improvements that are both planned and already under way. The airport is of course a major factor for prices of cheap flight only to Larnaca Cyprus bringing visitors to the area, the town also is conveniently placed for all the highways that intersect on its outskirts that connect all the major towns, Agia Napa & Protaras, Limassol, Paphos and Nicosia.

The Cyprus weather forecast is another major element for the arrival of visitors to the island with guaranteed brilliant sunshine and clear skies from April to October, then mild winters, still with lovely sunny days but colder when the sun goes down, making this a genuine year round destination. For this reason alone you can see why Cyprus property for sale is so desirable, added to the great travel facilities there are further plans for Larnaca with the industrial areas to the east of the town along the Dhekelia road being totally renovated along with a new marina which will be capable of birthing seven cruise ships at any one time in the same area.

The town centre already has the very attractive seafront, Finikoudes named after the tall palm trees that line the promenade and there are plans to extend these in both directions towards Dhekelia to the east and McKenzie Beach to the west.

Cyprus property for sale in the outskirts of Larnaca in the village of Tersefanou has been the district where some of the most intense property investment in recent years has taked place due to the proposed building of a PGA 5 star golf course, which is only a 15 minute drive from the airport which is brilliant to take advantage for prices of cheap flight only to Larnaca Cyprus, meaning golfers can be off the plane and out on the green in an hour! Along with the favourable Cyprus weather forecast it is obvious to see why those in the know of property investment and property management have been so excited with the Cyprus property for sale available here.

So when surfing for prices of cheap flight only to Larnaca Cyprus on the internet, also take some time to check out Cyprus property for sale and you will see that like the Cyprus weather forecast - it is HOT!



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Weather Forecast For Paphos Cyprus? It Is Hot!

Kate Deas-Smith asked:


A weather forecast for Paphos in Cyprus is always good and so is investment forecast for Cyprus property for sale. The focal point of the town is the fishing harbour and fort; whist moving to the West there are popular beaches such as Coral Bay to the quieter Lara Bay which is a nesting reserve for turtles. There are patchworks of grape fields in the stunning hills and banana plantations on the foothills to the coast. Cyprus property for sale in the area often has both sea and mountain views making it perfect for a permanent residence or holiday home for personal use or the rental market.

The weather forecast for Paphos in Cyprus is hot, around 320 days of sunshine each year, so what better way to enjoy Paphos - in a villa. Cyprus is one of the most beautiful countries in the Mediterranean and is relatively small so enjoying the whole Island will not be a problem.

If you look at past weather forecasts for Paphos Cyprus you will see that it has a wonderful climate. Cyprus property for sale is highly sought after in this area and the weather has a lot to do with this. If you are looking at investing in a Paphos villa, Cyprus will welcome you with open arms. Whether you are looking to relocate or have a holiday home you will not be disappointed. There are some villas set amongst the banana plantations others overlooking vine groves and because of the hills around Paphos the views are amazing.

The city of Paphos lies on the southwest coast of Cyprus was the capital of the island in Roman times, and dates from 1400 BC. The city has become a popular seaside resort with a large population. The Ktima area is the main residential district, while Kato Paphos is the playground of holidaymakers, built around the medieval port with its many luxury hotels, tavernas and entertainment venues. The weather forecast for Paphos Cyprus is usually typical of the whole Island, it may vary by a few degrees but there are no major differences.

To the south of Paphos lies the little village of Yeroskipou where loukoumi (the Greek-Cypriot version of Turkish delight) is made and you can also stock up on earthenware pottery. Check out the ninth century frescoes in the Byzantine church of Ayia Paraskevi (St Friday) and then head north to the Baths of Aphrodite. No matter what the weather forecast says, these are just a few of the many things to do in Paphos, there are many indoor things to see and do and your villa in Cyprus will be an ideal base for exploring all these. There is even a wicked water park close by which is a great day out, to be honest does it really matter what the weather forecast for Paphos is, Cyprus is beautiful no matter what the weather and you will love exploring the Island of Love.

This area has so much to offer, there is a large British expatriate community but it does not take over the 50,000 local Cypriot population, giving the best of both worlds. It is home to its own airport with a new terminal due to open in November 2008. In the future prices of Cyprus property for sales are bound to increase making the investment forecast like the weather forecast for Paphos in Cyprus - hot!!



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Cyprus and a Paphos Villa, What a Fantastic Team

Kate Deas-Smith asked:


Life in Cyprus, in a Paphos villa, this is the dream for many people as it such a wonderful location having the benefit of a long coastline that takes in the tourist areas of Kato Paphos and Coral Bay and then turning in to the Akamas Peninsular which is a protected area and is where turtles have their nesting sites, it then continues to Polis and Latchi, beautiful fishing villages. There are hills and mountains rising up behind the town giving the benefit of coastal and mountain views, sometimes at the same time!! Paphos is located on the Western side of the Island and is only a few miles from the airport so just a 15-20 minute drive to your Cyprus Paphos villa and your holiday has started.

Cyprus, in a villa - be it a permanent residence or a holiday home is as good as it gets and Cyprus property for sale is also great investment so it’s a win-win situation! One of the best ways to invest in Cyprus property for sale is to buy off plan which means some time during the planning and construction phase. Buyers are guaranteed a lower initial purchase price compared to the finished value, with the greatest returns being gained from buying in the early stages. Indeed buying in the early phases of the development will also widen the choice of plot within the project. Buying off-plan also allows you a choice of tiling, fixtures and fittings and colour scheme, allowing clients to customise their property to suit their lifestyle and design preferences.

Cyprus property for sale is not just confined to villas, there are many studios and apartments which can be in the centre of what is known as the Universal area which caters for the party animals, townhouses which are great and easy to maintain usually with a communal pool and village houses where you can be in amongst the locals.

What better way to enjoy the beautiful hot summer sun (and the winter too) than being in Cyprus in a villa, sitting on the terrace with a chilled glass on wine. A Cyprus Paphos villa is perfect for these pastimes as the Island has around 320 days of sunshine each year, and in the summer months the temperatures are sizzling, so make sure your Cyprus Paphos villa has a lovely pool to dive into!!

After a hard day swimming and sun worshiping, you can go for a leisurely stroll along the promenade to the focal point of the fishing harbour and adjacent fort. Paphos is famous for its stunningly beautiful sunsets, some of the best on the Island. You could also take a cruise, have dinner and watch the sunsets from out at sea which makes a magical evening.

In Cyprus a Paphos villa a dream-team that can be realized, a fabulous choice as it has everything that the buyer could ask for, a great climate, fantastic views, the town is open all year round, a great investment and the most important, location, location, location!!



Kansieo.com

Buying Cyprus Property – the Market Place is Changing

Dale Campbell asked:


Real estate agents and developers in Cyprus are complaining because to them property for sale in Cyprus is not, perhaps, generating as much rewards as they expected. Sales are dripping and price increases, which were evident from 2005 – 2007, no longer seems to exist. The Cyprus property for sale tag which was once quite high, as a result of the credit crisis and economic downturn has been slashed to unthought-of levels. So do we hear loss?? Well maybe there are those who are complaining of a bad situation, but if the facts and figures are well analyzed, it would be clear that this is the time to invest.

Cyprus property for sale has always been a tempting business proposition for UK investors. More than 300 days of sunshine, coupled with island’s beauty, has easily attracted investors. Property purchases tended to be for investment, or second home options. The purchase possibilities have been quite interesting in this third largest Mediterranean island. However the massive property price increases, over the last few years, have caused many to abstain from owning a property in Cyprus.

But the cards are already changing hands. The situation, which was once daunting for the buyers, is changing to present new avenues of investment. The property prices have been slashed to offer Cyprus properties for sale in for or even under £85 k. Even a five star apartment in North Cyprus can be negotiated around the stated cost tag. Moreover, because there are not many buyers, businesses are facing extreme difficulties to ensure just the basic survival, which offers even better financial terms to prospective buyers. For instance, a plot in Alethriko, which was for CYP 120,000 a few months back, is now at a price for less than CYP 90,000. Moreover, with about a 40 % decline in property sales, there is nothing much the sellers can play on. Paphos is the region facing the most severe blow. Simply stating, at this hour a property for sale in Cyprus is a deal wherein buyers can manipulate the terms to suit them.

The government too is facing the brunt. Capital gain taxes, which contributed to their overall revenue, are shrinking. The lack of buyers is disturbing the overall financial scenario. This is making the Cypriot administrative machinery gear up to introduce measures and thus work towards repairing the situation. So, for those buyers who invest now, profitable returns are more realistic.

While various regions can be checked, north Cyprus in particular deserves special mention. Property for sale in Cyprus in the northern region is already cheaper in comparison to the southern options. Moreover, sterling is the currency deployed for sale and purchase, which grants an added advantage to the UK buyers. And if the political scenario is to be believed, reunification plans can further boost the north Cypriot property market situation.

When it comes to buying a Cyprus property, the buying process begins by signing a reservation agreement. The agreement ensures that for a deposit the seller withdraws the selected property from market. The Contract of Sale is the next stage. This is quite an important step as the Contract of Sale deserves serious contemplation. If buying a property in Cyprus, do not just sign the standard Contract of Sale, but check it thoroughly and ensure appropriate modifications to suit your interests. Once it is signed the contract is stamped and a copy is submitted with the Land Registry. The next step entails transfer of the Title Deed to the name of the purchaser. A Certificate of Registration is provided to the purchaser, which confirms the purchaser as the absolute owner of the selected Cyprus property for sale.



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A Holiday Villa in Paphos Cyprus, Superb Value

Adrian Jones asked:


That little dream you have always had of owning a holiday villa in Paphos Cyprus could become a reality if you act fast. Since the adoption of the €uro currency back in January, prices have very slowly started to creep up, but if you are quick you could be owning your very own holiday villa in Paphos Cyprus before they rise to very high levels as has been predicted by Economists. The developer is not slow to realise that he can hike his prices up and that’s exactly what he is starting to do. Cyprus property for sale is cheap now but won’t remain this way for much longer.

A flight to Paphos Cyprus will not set you back much as prices have come down in recent months now that more budget airlines are flying to the Island. The cost of a flight to Paphos Cyprus has virtually halved over the last year, and according to the Cyprus Tourist Organisation they will come down even further. Now that can only be good news for those that already own a holiday villa in Paphos Cyprus, or anywhere on the Island really.

Cyprus is called the Island of love and you will fall in love with her, she is beautiful, hot, stunning and very elegant. She is fresh, diverse, cultural and extremely friendly. Now what more could you ask for? A holiday villa in Paphos Cyprus perhaps.

There are around 320 glorious days of sunshine on the Island and it can become stiflingly hot during the summer months sometimes temperature reach the high 30’s and even low 40’s. If you find this too hot, why not take a look at property for sale up in the Troodos Mountains, there are some stunning properties to be had and temperatures are usually a few degrees cooler, this is very welcome on a hot summers day. If you are looking for a holiday villa, Paphos Cyprus is not the only place on the Island where they are available. Why not take a look at Cyprus property for sale in Larnaca or Limassol or even Protaras, in fact anywhere. They are all equally as cheap and there are some stunning bargain properties just waiting for you.

Did you know that there are over 50 blue flag beaches on the Island and they are superb, they never become overcrowded even on the hottest of days, there are some quaint little coves if you want some privacy and these are wonderful for families with children.

Children can play quite happily without any fear and they thrive on the food and atmosphere of the Island, the only problem you may have is getting them off the beaches and into bed. Your holiday villa in Paphos Cyprus will ring with your childrens laughter and fun and that will satisfy you knowing that they are safe and happy.

If you don’t want to miss out on these superb bargains you had better book yourself on a flight to Paphos Cyprus and take a look at what the fuss is about. You will be amazed at the value on offer.



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Selecting An Estate Agent To Find Homes For Sale In Paphos, Cyprus

Adrian Jones asked:


Finding homes for sale in Paphos, Cyprus can be very stressful for many individuals and families especially if they are attempting to do it alone. This is why most people recommend that any person looking to purchase homes for sale in Paphos, Cyprus use the assistance of an estate agent to find the one that is perfect for them. The agents, who can buy or sell Cyprus property, can be very helpful if they are carefully selected to ensure they can match the needs and wants of individuals and families to a house or piece of Cyprus property. If you are considering selecting an agent to aid you in finding homes for sale in Paphos Cyprus here are some things to keep in mind to ensure you get one that’s right for you.

Making sure that the agent you hire to find homes for sale in Paphos, Cyprus is actually licensed to buy or sell Cyprus property as well as assist people as they buy homes in Cyprus is extremely important. In order to prevent people from getting scammed when using an agent to find homes for sale in Paphos, Cyprus, the government requires all agents to be licensed and registered. If you find out that your estate agent is not registered or licensed to buy or sell Cyprus property, you should immediately stop doing business with them and find someone else.

Determining what experience an agent has is also an important step when trying to find the right agent to aid you in your search for homes for sale in Paphos, Cyprus. Many agents have helped individuals buy homes in Cyprus for many years, while others are relatively new to the field. Some agents specialize in selling luxury villas in Cyprus, while others help individuals buy homes in Cyprus that can serve as rental properties for families on holiday. Due to the fact each agent varies in experience and specialty, you should take the time out in advance to talk with the agent whose services you are interested in using to find homes for sale in Paphos, Cyprus.

Learning about experiences other clients have had with an agent should also be something you do before you use them to search for homes for sale in Paphos, Cyprus. Most agents are more than willing to provide you with comments from previous clients they have assisted finding homes for sale in Paphos, Cyprus if they don’t already include this information on their brochures, flyers or website.

Trusting your instinct about whether or not to use a particular agent to find homes for sale in Paphos, Cyprus is very important. If something about an agent doesn’t feel right or they aren’t meeting your needs, you should feel no pressure or obligation to remain using them to find homes for sale in Paphos, Cyprus.

Regardless of what type of homes for sale in Paphos, Cyprus you are looking for, your process can become much easier if you use the expertise of an estate agent. While there are numerous ones available to assist you, it is important you take the time to find the one that is right for you. Doing so will allow you to find homes for sale in Paphos, Cyprus that are a perfect match and feel as though they were built just for you



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