Posts tagged: Holiday Property

The Advantages of Buying Property in Limassol Cyprus

Kev Moore asked:


Limassol in Cyprus is a great place for a holiday which may explain why so many people are buying property in the area. With a huge choice of luxury villas and apartments in a varied range of locations Limassol is perfect for that place in the sun. Whether you want the convenience of all that the resort has to offer or the tranquil setting of a village there will be a property that’s just right for you. Situated about halfway along the West coast of Cyprus within sight of the Troodas mountains Limassol offers the best of both worlds for the prospective property buyer. Prices in the area are still quite reasonable compared to places like Paphos further along the coast but like all good things that could soon change.

The attractive thing about limassol is that it is far more than just a great holiday resort. The port puts the town squarly on the Cyprus map as a thriving commercial center with most of the Islands imported goods arriving there. There is a bustling commercial area to rival the capitol Nicosia and the town continues to develop at a heady pace. Having said that your are never very far away from the beautiful Cyprus countryside with its traditional villages where life continues much like it has for decades. Of course even most of these outlying areas have a modern infrastructure of shops, banks and a busy square. As Cyprus developers have turned their attention away from the more expensive coastal areas these villages have become ripe for holiday property too.

Another attraction for the prospective buyer is the towns location and its accessibility from the rest of the Island. Thanks to the modern motorway network the capital Nicosia is less than an hours drive away and the coastal section links all the main resorts too. Days out in the beautiful Troodas mountains are also right on the towns doorstep should you need a break from sun, sea and sand for a while. In fact even some of the villages in the mountains have seen new development recently. Limassol offers an everything in one place culture of a big city but there are also plenty of quite suburbs within walking distance to the sea and resort center.

Cyprus property is still in fairly high demand which will possibly fuel rising values for some time to come. However property in Limassol continues to represent good value for money especially two bedroom apartments with communual pools. These units are great for investors and holiday home purchasers alike looking to get themselves onto the Cyprus property ladder. The other great news is that the Cyprus holiday rental market is going from strength to strength too. This as led to many Limassol apartment and villa purchases becoming self financing projects for their owners. Even after taking mortgages into account buyers are finding that Cyprus holiday rentals are funding the total cost of their Limassol property investments.

Whilst peoples holiday habits continue to move from traditional package tours to “self build” packages this Cyprus rental market looks set to keep expanding. Limassol is ideal for family holidays so it follows that there will be an increased demand from the private rental sector in the area too. In fact many buyers are buying that home in the sun early and then renting it out until they are ready to retire in the sun. By then of course there is a good chance that all those Cyprus holiday rentals will have paid for the property anyway. The other upside is that buyers can purchase before prices rise any further thus increasing the value of their investment even further. If you are thinking of buying that place in the sun it may be well worth taking a look at Cyprus limassol property.



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Cyprus Golf and Property the Perfect Combination

Kev Moore asked:


If you love golf and long for a home in the sun the beautiful Island Cyprus could be the answer to your dreams. With over 320 days of warm Mediterranean sunshine every single year Cyprus is a golfers paradise and astute investors are catching on fast. The downside of course (there always has to be one) is that prices continue to rise and look set to do so for the foreseeable future. So anyone wishing to get onto the Cyprus golf property ladder should seriously consider making a move soon before prices become inaccessible to the average holiday property buyer just as they have in other parts of Europe such as Spain.

Cyprus already boast several superb golf courses that are located around the Paphos area which in essence has become the golfing capital of the Island. It is perhaps no coincidence that some of the top hotels are also close to the golfing area which also adds to the value of property within the area also. As with any expensive belt of property there is a “rippling” effect radiating out to other locations close by such as the smaller resorts and villages in the area so just about any house or apartment within a short drive of the golf will be affected. The good news for prospective buyers is that there is still a plentyful supply of new development going on close to Paphos and the golf to meet the increasing demand.

As already stated, prices of any property near golfing facilities will be high but if you know just where to look there are still many Cyprus golf property bargains to be found. A short drive inland will often turn up some beautiful new developments offering apartments and villas well below the values of property closer to the coast or resort areas. One of the problems faced by first time holiday property purchasers is their unfamiliarity with the local area and where properties are is in relation to infrastructure like airports or motor way links. There is however a great way to overcome this problem.

Many of the larger Cyprus property companies are offering subsidized inspection trips of around four days including accommodation flights and all your transport. The prospective Cyprus golf property purchaser will be collected from the airport, taken to the hotel and driven around Cyprus to view property whilst gaining an idea of the lay of the land. These Cyprus property specialist will also spend time with you in the evening over dinner or drinks to discuss your requirements and answer any questions you may have about anything to do with home ownership on the Island. They will also have access to all the other professional services you may need such as English speaking solicitors, property developers and letting agents too.

There is no doubt that Cyprus will continue to offer an attractive option for anyone seeking a home in the sun either for themselves or as an investment for the future. Mixed with all that Cyprus has to offer in terms of climate and lifestyle golf will for many be the icing on the cake. The luck buyers who have been able to mix golf with a holiday home purchase have already seen some excellent returns on investment from the booming holiday rental market. In renting their properties out whilst they are not in use by themselves or their families they have compounded their return not just in incressed equity but also generated extra income too. maybe it’s time for you to live your dreams too and find yourself a beautiful Cyprus golf property.



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