Investment Property and Villas North Cyprus

Whilst it is true that real estate in the Republic of Cyprus is widely considered to be one of the safest high-yield investments in the Mediterranean, properties in some parts of the island are set to appreciate more than others. Investment Property and Villas North Cyprus With anticipated differences of up to 5% per annum between an ‘average’ piece of Cypriot real estate and a ‘hot property’, investing in the right place can mean the difference between getting a healthy return on your investment and making a killing.

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So how do you find out where the hotspots are?

This is the real trick, since the Republic’s property market moves notoriously fast and yesterday’s hotspot may already be starting to slow down today.

Some investors browse through the baffling number of homes and villas available in north Cyprus before choosing one which seems right, others resort to paying a visit to Aphrodite’s isle, taking a look around and asking a few questions. Property and Villas North Cyprus Almost everyone on the island has an opinion on this matter and most locals will gladly point prospective buyers in the direction of a cousin or uncle who will ensure they get the best possible deal on their investment. This course of action almost invariably leads to a bum deal for the buyer and a gratuity for whoever referred them to the helpful uncle.

Finding the perfect Investment Property and Villas North Cyprus is about more than blind luck or listening to rumours.

The fact is that the best way to find current and future hotspots - short of spending a few years on the island to get a feel for the place – is to contact a specialist property consultant. Property Consultancies such as Meridies Homes Property Villa Sales benefit not only from many years of experience in the local real estate market, but also from an in-depth knowledge of the latest developments, so to speak.

Choosing the right company is imperative, since many operators in the Republic are contractually tied to a small number of property developers and are thus unable to provide prospective investors with truly independent advice.

When choosing an overseas property consultant, be sure to select a truly independent one.

Where are the hotspots at the moment?

At the time of writing this article, the smart money is spread between three distinctly different places and property types:

The Republic’s New Golf Courses In a concerted effort to put Cyprus firmly onto the international golfing map, the government has announced the issue of fourteen licences for new golf courses. These new courses, along with the attached golf resorts, are already beginning to attract the attention of golf aficionados and shrewd early stage property investors.

The Forthcoming Paphos Marina Plans for the construction of a spectacular new marina are afoot along the Cypriot west coast between Paphos and Coral Bay. The project, which is currently in the pre-release stages, has already attracted the attentions of numerous Hollywood and Sporting celebrities due to its highly exclusive nature. Once complete, the area around the new marina complex is set to become one of the most sought-after localities in the Mediterranean.

Larnaca’s Dekhelia Road On the face of it, Larnaca’s Dekhelia Road tourist area may seem like a somewhat odd real estate hotspot, due to its proximity to the local oil refinery. However, this eyesore is soon to be moved to the Limassol industrial zone and its site cleaned up with a massive grant by the European Union. Once the removal operation is complete, the area will be redeveloped completely into a leisure zone incorporating hotels, a large number of luxurious homes and even a new marina.

There are of course simply too many property hotspots in Cyprus to list individually in an article of this length, but the above should provide a good starting point if you are interested in buying a property in Cyprus.