Cyprus Property Dreams
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Monthly Archives: March 2011

 

Contrary to the sales downturn being experienced by many overseas countries, the Cyprus property market has remained buoyant, cashing in on investors who have been turning away from the less attractive / weak markets and returning to the safer and established areas in the Mediterranean

Whilst UK buyers continue to purchase holiday and retirement homes or simply an ‘escape route’ from the economic and climatic gloom in the UK, investors are looking to off-set stock/share losses with an option of steady growth and tangible assets

It is true to say that prices on the Island are much higher than they were 5/10 years ago and as such are now settling to a more sustainable, mature market rate increase of around 10 per cent per year.

After all, as an island there are limited development opportunities and the authorities are strict on build density, quality of build/facilities as well as retaining the country’s cultural heritage.

Needless to say, Cyprus has a long peaceful relationship with the UK, which shows no sign of abating.

Be it the weather, the fact that we drive on the same side of the road or the general ‘joie de vivre’, Brits have been flocking to this Mediterranean island for decades .

 

  The promise of year round sun and a culture of respecting older members of society mean that property in Cyprus is a dream for many people, it has been claimed.
 
According to a recent article in the Daily Telegraph, despite the effects of the global economic downturn and the issues regarding title deeds in the country, Cyprus remains a firm favourite for property investors.
The newspaper recommended that people search real estate in Larnaca, a coastal region which is popular with tourists, and also praised Paphos, which is the location of a number of luxury villas, and the harbour town of Limassol which is becoming very upmarket and popular now.

Budget airline Ryanair stated that it has not ruled out launching flights to Cyprus from the UK, which would be good news for anyone with property in the nation.

Property in Cyprus is currently an excellent buy and a safe investment providing you use an agent who you can trust who has been in business for a long time, Cyprus Property Dreams has been in business over 11 years.

 

Cyprus is fully prepared for any Brits wanting to purchase real estate in the country, those looking to find a home in Paphos or buy property in Famagusta will be pleased to know.

According to Pafilia Property, the infrastructure and community feel on offer make it the ideal destination to buy a home.

"It attracts everybody from the holiday home crowd to the retirees because it has the infrastructure," Maria McLaren, spokesperson for the company, said.

"Everything is geared up for anybody who wants to go to Cyprus and live there very happily. If you buy something near a village then you become a part of the local community

Ms McLaren added that developers have dropped their property prices by between ten and 20 per cent on the island due to oversupply.

And British buyers who act soon will be able to take advantage of the recent strengthening of sterling against the euro, with figures from the International Currency Exchange showing that pound has increased by four per cent in the past year. 

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First, each member of our team originates from the UK so there are no communication barriers.

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Geoff & Rosie Evans wrote
I have visited Cyprus many times since my first visit in 1984 but never in my wildest dreams did I ever envisage actually owning my own beautiful villa here. My partner Rosie remarked that she "felt as if she had come...

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