Real Estate in Cyprus: Owning a Property on this Island

Whether you are looking to buy your first home or invest in real estate, Cyprus has the perfect location for every investment. With its long stretches of beautiful beaches and affordable prices on luxury villas (or even second homes), this island is where dreams come true!

Why owning Property in Cyprus?

Why not invest in Cyprus for a profit? The country offers many opportunities and benefits.

·         The housing market is ideal for people from other countries.

·         Cyprus is looking for investors and offers residency or a passport.

·         When it comes to property taxes, they are all-time low.

·         A large international community

·         Most beautiful beaches

·         Easy travel access to Europe

Best Places To Buy Properties in Cyprus

When it comes to Cyprus, the difference between Northern and Southern is like night vs day. The peninsula has been divided into two separate factions since 1974 when Turkey invaded its southern half. This divide created new complications in international relations as well as trade agreements.

Southern Cyprus is part of the EU, while Northern Cyprus is not. On the northern part they have their own customs and currency which are different from Europe’s and are considered Turkish.

There is a high risk involved in buying property on Northern Cyprus territory. The ownership and the right to sell these disputed properties remains disputative.

Expats living in Southern Cyprus have a range of options when it comes to where they want buy real estate. The four main cities that expats consider are Nicosia, Larnaca, Paphos and Limassol. They all offer their own particular lifestyle preferences, with varying budgets available for purchase within these locations as well!

With its long stretches of beautiful beaches and affordable prices on luxury villas or Family homes, this island is where dreams come true! The housing market here has been ideal for people from other countries looking to invest in real estate. There are many benefits to investing such as getting residency or a passport that make it worth it.

Limassol

Want to live the dream of an active lifestyle with plenty of culture and convenience? Limassol is your city. Here, you’ll find international schools that provide top-notch education in everything from language lessons or sports teams. The shops are great for all sorts of food tastes.

Living in Limassol is more expensive than in other parts of Cyprus. But if you’d like to rent out your property, then there are plenty of options for tenants. The demand has increased due to limited supply and increasing numbers looking at them as an attractive destination.

Paphos

Individual real estate in Paphos, Cyprus is a desired destination for those who want to travel and work remotely. The airport nearby offers excellent transportation links. It makes it easy moving around the country or abroad, with just one stopover at any other location. The cost-effectiveness of owning your own property here will surprise you!

There are a number of reasons why people buy homes in Paphos. Most come here because they want to save on living expenses and travel between their work place every day. This town has an easier going atmosphere when compared with Limassol. The properties tend not be flats or apartment blocks, so it feels more personal!

Nicosia

In Nicosia, real estate for sale is great because it has stable demand originating from the domestic market. Many Cypriots work in this capital city. So a long-term rental opportunity would be an excellent investment as well! You should know, since Nicosia is located inland and doesn’t have access to either sea or mountains nearby, buying property here wouldn’t make sense. Unless your intention was actually using this area primarily for Owning Real Estate.

Larnaca

If you are looking for a slower place of life. You want an amount of work on the weekends and an affordable home that is close by plane or ferry. Then Larnaca may be right up your alley. This small city has some great real estate opportunities in comparison with other popular vacation spots like Limassol & Paphos. They only have higher prices tags per square meter.

What Kind of Property would you choose?

The choices for property vary depending on your needs. You can either purchase a holiday home to occasionally occupy, buy rental properties that you’ll rent out long-term, or buy residential homes and live in them yourself!

·         Holiday home: The sun and sea go hand-in-hand with Cyprus being a popular holiday destination. For those who want to enjoy the coastlines, it’s important that they buy property by or near some water. So their stay will be relaxing without any worries about access!

·         Residential home: You can find a home that is just right for you in Cyprus. From apartments and villas to old stone houses, modern homes or bungalows in the middle of woods. There’s something available with this country’s vast range!

·         Real Estate Investment: You can buy real estate in Cyprus and get citizenship or residency by investing. If you purchase a property with the idea of renting it out, there’s no better market that will provide more benefits for your money!

Conclusion: Dreams come true!

Where Dreams come true, Cyprus is a large Mediterranean island that boasts long stretches of gorgeous beaches and tranquil lifestyle under the sun. The country’s beauty has made it incredibly tempting for expats to buy real estate in this paradise. Most families choose either to relocate or possess a second home here too!