Steven Clarke asked:


For anyone developing an overseas property investment portfolio, investment in property in Cyprus could provide high levels of investment return.

The Cyprus property market is highly dependent on foreign investment, and whilst a strong Euro has made southern property in Cyprus more expensive, there are a range of other factors that are expected to increase holiday market demand and letting rates in both the north and south of the island in the years immediately ahead.

The island of Cyprus is serviced by at least three different airports, with international flights accepted at Larnaca International, Nicosia and Paphos prompting low cost air carriers to set up air routes to the island. Increased budget air travel can be expected to drive visitor numbers, and the World Travel and Tourism Council is predicting an annual increase in visitor numbers of 4.5% to Cyprus this year. This will result in increased demand for property in Cyprus with corresponding increases in property prices and rental values.

Cyprus provides seekers of Mediterranean holidays an ‘all year round’ temperate climate, with Northern Cyprus having long hot summers that average 27 degrees. Winter days are generally sunny with temperatures that rarely drop below 12 degrees centigrade, which means that any overseas property investor has a reasonable prospect of finding rentals for their property in Cyprus during winter, spring or summer.

Rainfall occurs primarily in winter, with the result that the island is green and verdant for most of the year, and host to a wide range of subtropical plants, including orchids, for which the island of Cyprus is famous. Cyprus is also steeped in history, with ruins and sites of historic interest within easy reach of any potential property in Cyprus investment.

Of greatest appeal to tourists and potential investors in property in Cyprus, is the fact that the island of Cyprus is surrounded by hundreds of miles of open, sandy beaches. Investors can choose a location that provides miles of undeveloped seafront locations, or beaches nearer to developed and lively tourist areas such as Ayia Napa, which are ideal to service the young adult and family holiday markets.

Features such as the natural beauty of Cyprus, the miles of unspoiled coastline, climate and history are unlikely to change significantly in the future. However, what political and economic considerations must a potential purchaser of a property in Cyprus evaluate before making a decision to invest?

In 1974, Turkey invaded Northern Cyprus after the attempt by Greece to formally annex the Island. Cyprus has remained a divided island ever since, with two separate republics established, although only the Southern Republic of Cyprus has ever been formally recognised. This has resulted in a north - south divide in values of property in Cyprus.

Following a number of key political concessions, the Southern Republic of Cyprus now has full EU membership and has recently adopted the Euro, both of which have provided economic stability and prompted heightened investment in property in Cyprus over the last five years.

Given the wide differentials that exist in property in Cyprus prices between the North and South of the island, re-unification can be expected to bring about increased property demand throughout the country, and provide real investment opportunities for the wily purchaser.

As with all investment decisions, it is wise for any potential investor in property in Cyprus to take expert advice and to ensure that full advantage is taken of any local financial and investment incentives.



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Stavros Papadouris asked:


Investing in Cyprus

The correct time to do so

If you are having thoughts of investing in Cyprus now is the time to do so. Buying property in Cyprus could be a great investment, especially for those who want a holiday home or an investment property.

With ambitious plans to build new tourist attractions, including 10 major golf resorts in addition to the three already open, two new marinas, yacht clubs and sports centers, the future is looking up for the island making any kind of property investment in Cyprus a lifetime opportunity.

Investing in Cyprus properties has taken off in a big way over the past years, with many opportunists buying whole apartment blocks at a time or large chunks of holiday developments with a view to reselling in a few years. The “Buy to Let” concept has become a common practice to individuals investing in Cyprus as it is a very easy and safe way to invest and not be troubled about any mortgage payments.

Ever since Cyprus became a complete member of the EU it’s economic growth has progressed steadily, resulting in it’s rising popularity. The foreign resident population has developed in a big way forcing up property values as it becomes clear that it is a very special place to live in. It really is a dream come true opportunity as far as property investment in Cyprus is concerned.

With Cyprus now in the Euro zone huge investments are given the green light in infrastructure and new amenities. The ongoing projects to upgrade the Larnaca and Paphos airports and improve roads are also fuelling confidence to any person thinking of investing in Cyprus.

Investing in Cyprus is a particularly attractive move at the moment as the market has grown at a stable rate for a number of years, yet prices remain competitive. Cyprus off plan developments offer some particularly good deals, with value for money projects being built anywhere in the island. Buyers investing in Cyprus generally get more property for their money, with good size rooms and plenty of extras included in the price such as double glazing, air conditioning, solar heating panels, fitted kitchen etc.

Investing in Cyprus properties is a safe way to have an excellent return for your investment and still enjoy spending some quality time in one of the most beautiful and safe islands of the Mediterranean. No matter if you are a property investor or an individual property buyer one think is for sure, investing in Cyprus can be one of the best decisions you ever took in your life.



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Steven Clarke asked:


Individuals looking for a retirement home or second home overseas may find their answer in a property in Cyprus. The property in Cyprus market has been booming for the last five years, but is the bubble about to burst, or can continued growth be expected?

Foreign investment in property in Cyprus has dropped in recent months as a result of the ‘credit crunch’ and a strong Euro. However, despite the fact that the pricing of property in Cyprus is strongly dependent on the level of foreign investment, there is strong potential for growth in the both the North and South of the island.

A major factor driving demand is that the island of Cyprus is serviced by at least three different airports, with international flights accepted at Larnaca International, Nicosia and Paphos. This has prompted low cost air carriers to open negotiations to establish new routes to Cyprus. Increased budget air travel can be expected to drive visitor numbers in the years ahead, and the World Travel and Tourism Council is predicting an annual increase in visitor numbers of 4.5% to Cyprus this year. This will result in increased demand for property in Cyprus with subsequent rises in property prices and rental values.

Additionally, the climate is a major attractor to visitors to the island. Like many other Mediterranean locations, Cyprus has a temperate climate that provides warm sunny winter days as well as a guarantee of long hot summers, with temperatures that can be expected to reach 30 degrees centigrade. This means that there is visitor demand for rental of property in Cyprus all year around.

What is more, winter rainfall ensures that the island is lush, green and verdant for winter, spring and early summer. All property in Cyprus can be guaranteed to be within easy reach of an area of outstanding natural beauty, including vineyards, mountain ranges and beautiful coastlines.

Of greatest appeal to tourists and potential investors in property in Cyprus, is the fact that the island of Cyprus is surrounded by hundreds of miles of open, sandy beaches. Investors can choose between a location that provides miles of undeveloped seafront locations, or a location with beaches that are near to established lively tourist areas such as Ayia Napa, which is more ideally suited to service the demand provided by the young adult and family holiday markets.

These features of the island of Cyprus are relatively unlikely to change in the near future, and all of them represent good reasons for potential buyers to invest. However, there are a number of political issues that a potential purchaser of a property in Cyprus must take into consideration when making an investment decision.

In 1974, Turkey invaded Northern Cyprus after the attempt by Greece to formally annex the Island. Cyprus has remained a divided island ever since with two separate Republics established, although only the Southern Republic of Cyprus has ever been formally recognised by international authorities.

Following the introduction of an elected government, the Southern Republic of Cyprus was formally accepted into the European Union in 2003 and the Euro was formally adopted as the local currency in February 2008. This has provided political and economical stability to the South of the island, which has prospered in the last five years with major growth in the value of property in Cyprus.

Whilst the ‘North - South’ divide is reflected in prices of property in Cyprus, Northern Cyprus properties have received a boost after the disestablishment of border crossings in 2005. Furthermore, recent improvements in the political situation have increased the likelihood of the development of a long term resolution of the dispute that has divided Cyprus into its northern and southern regions.

As with all investment decisions, it is wise for any potential investor in property in Cyprus to take expert advice and to ensure that full advantage is taken of any local financial and investment incentives before making a final decision to go ahead.



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Kev Moore asked:


Paphos is a not just a great Cyprus holiday resort that remains open all year round its a thriving town too. So if you are looking for property in Cyprus a Paphos house could make a solid investment indeed. Apart from all the new developments that are still springing up all over the area there are still plenty of older traditional properties becoming available. There are some real nice suburbs on the fringes of the town where you could find a traditional Paphos house or villa for sale. The pretty villages are even seeing some development as well due to the developers looking for plots further in land or away from the more expensive resort centers Despite prices of Cyprus property continuing to rise there are still some real estate bargains to be had if you know just where to look for them.

If you prefer older property there is little point in using the larger Cyprus real estate agents because they are often more interested in selling new or off plan builds. This is mainly down to the larger commissions they earn from those type of sales so they tend to push them rather than resale properties. Another issue for the Paphos house buyer to take into account is title deeds. Because houses less than around ten years old will have not yet recieved separate deeds and the banks won’t lend against them. Obviously buyers raising capital against assets at home are not going to have the same problem. The best places to start your search for that Paphos house is most likely with the smaller local estate agents. This will involve a little spade work but the benefits should be well worth the effort.

There have even been several instances where Cyprus property has not even been advertised with an agent but sold literally by word of mouth. This is more often the case in some of the smaller villages so a little local knowledge could take you a long way. Again its all a matter of driving around and doing a little research before you even think about buying that Paphos house. With so much property on offer the choice can be almost bewildering so having a wish list at the outset makes good sense. The other well known secret of property buying is not to rush in and don’t let yourself be pressured. If you do decide to opt for a new build Paphos house watch out for some of the usual hard sell techniques that may be employed. Don’t fall for the “this is the last one” or “the prices are going up tomorrow” because there will always be another Paphos house coming onto the market.

Should you be prepared to drive a bargain there is always room for a deal. Property developers make lots of money but they need to sell houses. You never can tell, that Paphos house you have set your heart on could belong to a motivated seller. Motivated sellers are people who need to sell quickly for some reason or another. It may be that they wish to return to the U.K or even some kind of financial pressure that is compelling them to sell. The key to taking advantage of motivated sales is the ability to finance the deal quickly so having your finances in place is crucial to your success. No one is saying that people needing to sell should in anyway be taken advantage of. Rather that as a buyer you would be in a position to offer a solution to someone else’s difficulties.

In a way all sellers are motivated to move property along for some reason or another or they wouldn’t be on the market. Even the big Cyprus property developers will want to sell that Paphos house for the best price they can get. Ultimately however everything is there to be sold so there is always some room to maneuver. Many developers are often willing to throw in some extras such as air con and white goods in the kitchen. You can always ask because they can only say no and there are plenty of properties out there to choose from. Always be prepared to walk away from a property if you can’t reach a price you are agreed upon (within reason) because there really is always another one just around the corner. If you don’t let your heart rule your head you stand a good chance of finding your perfect Paphos house.



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