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Related Article Content


Buy Or Sell Cyprus Property - An Exciting Market Opportunity

by Adrian Jones

More and more people are looking to buy or sell Cyprus property, either as part of an investment strategy or to secure a holiday or retirement home. Many villas in Cyprus are being purchased by people from all over the world. Prices are rising steeply for property for sale in Paphos and at many other locations on Cyprus' southern coast. There is a range of property that will interest almost anyone looking to buy a home on the island.

Because it is a small island, on Cyprus everything is close by. It only takes a couple of hours to drive to the mountains after doing some sunbathing on the coast. There are two excellent airports and it is easy to find cheap flights. Potential buyers can expect discounts on air travel and hotel charges from developers and estate agents.

Cyprus has a mild climate, a rich history and attractive tax considerations for foreigners who buy or sell Cyprus property. Foreigners living in Cyprus will find income tax is much lower than they are accustomed to paying. Many British retirees have moved here because not only is it a pleasant climate with affordable properties but because they can receive pension income tax free - and there is no inheritance tax at all.

The opportunity to set up permanent residence in Cyprus is not the only reason people decide to buy or sell Cyprus property. There are those who rent their property to island visitors for the greater part of the year and only use it for a short period as a holiday hideaway. It is possible to offset mortgage payments by renting and even end up with a net profit since prices are so reasonable. An estate agent can help a purchaser locate an experienced rental property management professional in Cyprus, they will take care of all rental issues.

Despite its recent acceptance into the European Union and its popularity driving prices up, some property in Cyprus is still available for well under £100,000. Cyprus properties that need renovation can be had for much less. Everything from a modern apartment in a larger town to a villa on the coast is available. From anywhere on the island, the beautiful coastline, plains, forests, and mountains are all within easy reach.

Whether you want to buy or sell Cyprus property, your first stop is the internet. A great many estate agents, property developers and individual sellers have a web presence and you can browse property for sale in Cyprus from the comfort of your home. Virtually all estate agency sites will have currency converters to help you compare prices and a wealth of information about the special charms of different regions. Whatever your purpose, the time to act is now because bargains may not last long but the charm of Cyprus properties will last forever.

Cyprus has a mild climate, a rich history and attractive tax considerations for foreigners who buy or sell Cyprus property. Whether you are considering a property for sale in Paphos or looking to purchase villas in Cyprus or modern apartments on the south coast, you will find a variety of properties to fit every price range. Cyprus has plains, forests, mountains and a beautiful coastline all in easy reach from anywhere on the island.

Published November 16th, 2007

Filed in Real Estate