Cyprus Property

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Thursday, March 27th, 2008 Subscribe To Our Feed

Holiday rental villas and apartments in Cyprus are a great investment
North Cyprus is pretty near the top of the league for investment abroad if you’re a Brit. In fact, any Baby Boomer looking to invest their nest egg in a “second home”property which can easily be rented out will find buying property in Cyprus a sound choice.Most holidaymakers find that renting Cyprus villas and apartments is a very good holiday accommodation option in terms of value for money. Although the cost of renting a holiday villa or apartment will be a bit of a movable feast, nonetheless, renting a self-catering holiday home is a great option when compared to hotel choices on Aphrodite’s Island.

What sort of investment is needed to buy a holiday home in Cyprus?

Modern developments and older villas in their own private grounds on the hillsides tend to be more sought after and to bring in a better return on investment than the older villas clustered in tiny groups. Some villas have a private pool, although that doesn’t necessarily bring in a higher rental income.

Rental cost of a nice villa will begin at around ₤550 (sterling) per week in the South, about 10% to 20% lower in the North. The cost of buying a property in the North will be around half the cost of a comparable property in the south. So for the clued-up investor who is prepared to invest a little time as well as money, buying in the North is a very attractive idea.

But Isn’t Northern Cyprus Property Investment Dangerous?

Buying in Northern Cyprus got a lot of adverse publicity because of the on-going quarrel between the Greek and Turkish parts of the island. But in practice a competent lawyer can make your postion pretty secure.

To learn about the new legal safeguards for North Cyprus property, Click Here

In the South, the topmost standard is to be found in Aphrodite’s Hills, where the quality of the finish reaches millionaire standard. A 2 bedroomed aprtment will cost upwards of ₤500,000 (sterling). However, lovely holiday apartments can be found for less than ₤100,000 (sterling) in the North. Do insist on seeing photos, as in Cyprus a higher price does not always guarantee higher quality.

Buying Villas and Apartments in Northern Cyprus off plan

The locations and amenities of the Northern Cyprus contemporary building developments is utterly stunning. Even in the new build holiday villages, though, the standard of fittings varies a lot. Prices in Northern Cyprus tend to be lower than anywhere on the Greek part of the island. In the cities and towns, on the other hand, prices can rise precipitously in the most handy localities.

Do not rely on pictures, as these are usually “artists impressions” and in Cyprus a higher price doesn’t always guarantee higher quality. your best bet is to check out the credentials of the builder locally. Marvellous villas and apartments are available in North Cyprus and on the unspoilt West coast, a locality of great natural loveliness, perfect for walking and biking.

No matter what your budget, learning more about Cyprus holiday homes from a variety of standpoints can help you to choose the unsurpassed holiday home to meet your needs at the lowest cost, and best overall value.

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