Why Buy Properties in Cyprus?

Is buying a property among your New Year’s resolutions, but you don’t know where to buy properties?

If so, Cyprus is your best bet. The Republic of Cyprus, or just Cyprus, is an island country that is the third most populous and third-largest in the Mediterranean.

If you are still undecided whether this is the best place to buy a property, here are some reasons that can make you make an informed decision.

1.     Sunshine and Beaches

Islands are known to have stunning beaches, and Cyprus isn’t an exception. And the beaches here don’s disappoint. They aren’t as cold as other beaches you might have visited. Cyprus beaches enjoy 340 days of sunshine every year. It boasts 49 pristine beaches with a forest of high properties worth buying.

2.     Rental Potential

Are you looking to buy property in sunny Cyprus as an investment? If so, you must have made the right decision. In as early as 2016, the number of tourists visiting Cyprus had surpassed the 3 million figure. This is good news if you are looking to put up a hotel or a restaurant.

In fact, with this kind of investment, you’ll get a return on your investment within a very short duration. That said, most of the tourists who visit Cyprus end up living here. This provides a great opportunity for you to make money by buying rental properties.

3.     Lofty Limassol

What about Lofty Limassol? Limassol is a renowned port town in Cyprus. This town has been undergoing major facelift over the years and is now dotted with several first-class residential properties up for grabs.

This town has all that a town needs in terms of facilities. Many travelers have compared it to Dubai, only that it beats Dubai in terms of convenience. Cyprus, particularly, Limassol is where the Middle East and Europe merge.

4.     Cultural Paphos

Paphos takes the mantle of being the center for culture in Europe. Everything about the history of Europe is preserved here - the music, theater, dance, and even history.

So far, over €25 million has gone into the improvements of infrastructure including roads, commercial centers, archaeological sites, and public squares. As the infrastructure improves, so does the real estate industry.

5.     Flights

It is quite easier to get to Cyprus than to get to other Mediterranean islands, regardless of whether you are flying in in winter or summer.

As of 2018, several flights were already heading here from the UK, including Jet2.com and Cobalt Air. Another good news is that when buying a property in Cyprus, you won’t be required to pay the Cypriot Immovable Property Tax.

Final Words

Hopefully, you decided to buy property in Cyprus. If so, then the next step is to choose a real estate agent. The real estate agent you choose should be honest, reliable, and trustworthy.

Not only that, but the agent should also have extensive experience in handling properties in Cyprus. Above all, the agent should have the best customer service.