The real estate boom in Cyprus has continued to rise from the turn of the millennium, but real estate investors during this period received compensation due to the soaring sales, but in Cyprus the real estate has financially spread financially in Cyprus It is.
Studio apartments naturally make up the most number of properties available at price range below 80k pounds. Most of these are specialized in the resale market. Especially the east coast offers cheaper price than that on the west coast. The studio apartment located in the center of the appealed party agua · napa sold in Cyprus features a veranda, air conditioning and communal pool. Although it was built in 1998, it still obviously offers a contemporary style. The resale price is 48,849 pounds and it will be a wonderful holiday home deal. By comparison, only 5 minutes from the beach, 15 minutes by car from the center of Larnaca, a distance away from Kiti village facilities, 3 km from the proposed golf course and a newly equipped parking lot and a communal pool The completed studio will provide the ultimate charm of holiday rental. The resale tag was 57,516 pounds and was sold in Cyprus.
Going inland, the capital Nicosia will naturally offer higher real estate value, but by still choosing to buy in the suburbs it is still possible to raise the bargain. For example, the modern development completed in May 2006 in the capital uniform Latsia, stores, banks, schools, new hospitals are all 5 minutes by car, highway is nearby, university is only 10 minutes. Designed based on the highest European standards, Latsia's development includes an elevator, barrier-free access and parking space. It consists of 15 studio, 3 bedroom, 1 bedroom, 2 bedroom, 3 bedroom apartment. The studio will cost just 54,799 pounds by the Alexander.
Returning to the coast and heading west, Paphos is one of the most profitable settings for British buyers and the number of properties for sale under 80k pounds is very enjoyable, especially in the new market I will. The new Orange Tree project Pafos Riviera to be completed in April 2009 is conveniently located in the main investment area of Universal in the center of the tourist district. The complex is surrounded by eight blocks of studios, one-bedroom apartment and two-bedroom apartment with a lush park. Studio apartments are 80 kilometers long and are made of luxurious communal facilities boasting attractive rental possibilities. In-room facilities include a jacuzzi and a sauna, a well-equipped fitness facility for children, a bowling green and a clubhouse. Papos' Irene Heights collects holiday crowds, close to shops, bars and restaurants, and public transport is also good. The development of this modern apartment is a one bedroom apartment through Parador Properties, worth only 72 thousand pounds including private parking.
In the suburbs of Paphos there is a cheap studio in spite of the suburbs that has gained popularity in recent years. You can purchase at a phenomenal low price of 48,732 pounds on the studio pad line in Peyia hill village, 15 minutes by car from the pubs. Available through BuySell real estate. Equipped with double glazing and air conditioning, all apartments are accessible by elevator and share a common pool and carport. As one of the few spots within walking distance from the center of the village, the view of Coral Bay (only 5 minutes by car), a popular tourist spot, is a great holiday rental. Phase A consists of two stages, combining two villas, two bedroom and three bedroom, Phase B consists of 18 studio, 1 bedroom, 2 bedroom, 3 bedroom apartment.
If the scenic spot is on the agenda, please find a place that is easier to see than the northwest tip of the island. This region has been vacationing for the Nicosians who are seeking country escapes and British buyers to taste the taste of Cyprus since long ago. Evagoras Gardens, located at the southernmost tip of Polis, is a carefully designed aesthetically pleasing development offering seven apartment blocks with a communal pool and a private and beautiful garden. One bedroom apartments, two bedroom apartments and three bedroom apartments are available from Parador Properties and the price of one bedroom apartments is from £ 80,000.
The sleepy neighborhood of Polis is also attractive for budget buyers. Prodromi's traditional village is the most important example. Shops and restaurants are gathered in the village. Polis and Latchi marina are only a 5-minute drive away. There is a blue flag beach. Through Parker Barnes, when reselling a one-bedroom townhouse within an established complex with mature beautiful gardens and communal pools as of 79,716 pounds, or 80,000 pounds more modern one-bedroom with a communal pool It becomes a resale apartment.
The abundance of the whole island proves the fact that Cyprus is a hot purchase hotspot for budget assets, giving British investors a special incentive. "By joining Cyprus in the euro currency area in January 2008, the local interest rates declined below the slightly higher interest rates previously borrowed in Cyprus pounds, coupled with the relaxation of central bank lending restrictions, Cyprus can be borrowed cheaper and easier than last year. "Aristo Theodoros Aristodemau says buyers have new loan restrictions. In other words, Cyprus loan buyers need to make a minimum of 20% donation for the first real estate purchase (to be used as a primary residence) and 30% for all other cases (nonresidents and investment objectives in the case of).
The good news for bargain hunters is not just studio and one bedroom real estate. An idyllic prospect of owning a slice of the history of the island is also an affordable prospect. Proving that a character-packed property does not require a massive renovation project, a fully remodeled traditional stone chapel is available from Pader Barnes at £ 80,000. In Peristerona's hill village, only 10 minutes from the police, there is one bedroom, lounge, kitchen, bathroom and you can use immediately. Or, if you want to put some hard, renovation, grafting, you can possess much wider wealth. For example, BuySell currently offers 3 bedrooms, 2 bathrooms real estate built in 1850. It is located in Lofou village, 15 minutes from Limassol, the second largest city on the island. Although the listed price is slightly above the 80,000 pound limit, purchasing this property will restore the listed buildings, so the government should do the work requiring subsidies of £ 54,414. This accommodation that is more attractive for future renovation has a basement that can be accessed from the road and needs to be transformed into residential space using existing furniture including original furniture included in the price .
The same spacious property is newly built and completely refurbished, it is difficult to obtain with a budget of 80,000 pounds. Indeed, for optimal investment compensation there are many people who believe that buyers must see a wider range than the original purchase price. Andreas Ioannou, Managing Director of Alpha Panareti Public Ltd, says: "From our experience, we can see that cheap properties are now available and will be available in the future.I believe that in Cyprus purchasers are aware of future investment possibilities of purchase, I believe that cheap property will be less demand, to utilize assets in the most productive way, such as architectural excellence, mortgage scheme, resale possibility.
