If you are thinking Cyprus,and a villa in Limassol all in the same thought,then you are extremely wise,as Cyprus property for sale there is relatively cheap. You may well be surprised at the value on offer on this wonderful Mediterranean island.
Grab yourself a map of Cyprus and you will see that Limassol is situated on the Southern coast of the Island and apartments in Limassol Cyprus are in abundance,you will be spoilt for choice. Whether you are looking to buy or sell Cyprus property you will find that at this moment in time it is definitely a buyer market as prices are so cheap,but if Economists are to be believed,apartments in Limassol Cyprus or any property for sale will soon start to climb to extortionate prices. So that Cyprus villa in Limassol may well be out of reach if you don’t act fast.
A Cyprus villa in Limassol is fantastic if you love cosmopolitan towns,Limassol is both old and new. The old is typical of the Island with old narrow streets where old men and women sit by the roadside peddling their wares whilst taking in the odd sip of Zivania (distilled alcoholic drink made from grapes-very potent) or just simply sipping black Cyprus coffee. Driving down these streets is somewhat slow as they are full of twists and turns and very narrow. The new is vibrant,full of life and houses many modern shops,where you can buy the ultra modern if the desire takes you. The seafront promenade has recently been refurbished and boasts a sculpture park and many seaside bars,which are great for just lazing whilst sipping a cool pint and just watching the ships as they sail towards the old and new ports.
From your Cyprus villa in Limassol you could be at the top of the Troodos Mountains within 45 minutes,great in the winter if you love skiing,yes they do have snow in Cyprus,but usually only between January and March,and there are one or two ski slopes for those that want to ski. Once you have finished with the skiing,why not drive back down to the beach and have an afternoon swim?
Whilst looking for apartments in Limassol or a Cyprus villa,Limassol is not the only location to look at. If you don’t like the intense heat that Cyprus has in the summer,why not look for your holiday home a little further inland,in the foothills of the mountains for example. There are many properties to buy or sell,Cyprus property is not confined to the coastal areas.
From your Cyprus villa in Limassol you are central to all other areas on the Island and equidistant from both Paphos and Larnaca airports,so your choice of airport isn’t limited due to where you buy or sell Cyprus property.
If you want to grab yourself a bargain of your lifetime,look on the internet at “Cyprus property for sale” or just jump on a flight from UK to Cyprus and come and look for yourself,you never know you may be stunned at the fantastic quality and value that you will find.
Although almost anyone can buy or sell Cyprus property,most people don’t see it as a business or a way to make money. However some individuals have realized the potential profit they can make by buying property for sale in Limassol and renting it out to individuals and families on holiday. Purchasing property for sale in Limassol offers a number of benefits for people that choose to do this.
Obviously the biggest benefit people receive when they choose to buy property for sale in Limassol and rent it out to people on holiday is a profit from rentals. While most individuals are take out a mortgage on any property for sale in Limassol,the amount holiday travellers pay them goes to cover this plus often leaves them with a profit. This surplus amount can quickly add up. Winter is one problem that individuals do run into when they find a property for sale in Limassol and buy it to rent out to people on holiday. During the winter months,Limassol isn’t a busy travel destination. If you choose to buy a Cyprus property here with a view to renting them out to holidaymakers,you must make sure you will still be able to make ends meet when very few individuals are travelling to the area. The typical holiday season in Limassol is generally about 8 months,starting in April each year.
A solid investment opportunity is probably the most important benefit that encourages many people to buy property for sale in Limassol. It can be scary to invest money in the financial markets or other investments given the uncertainty of the economy and unpredictable events around the world. Investing in property is a fairly safe investment that can give you a significant return. This is due to the fact property tends to appreciate over time rather than depreciate. In addition experts predict that the market value of Cyprus property in this area will grow by at least 10 percent per annum in the coming years,which can provide a nice profit if you choose to buy property for sale in Limassol now.
If you buy homes in Cyprus and rent them out,you may qualify for some tax breaks that can save you money and increase your profits. Limassol is focused on attracting businesses to the area thus they have given them several tax advantages and breaks to help them out. If you buy property for sale in Limassol you may qualify if you are a registered business,and you meet the conditions set out by the local authority.
While there are a number of different types of businesses that provide services for individuals on holiday in Limassol,the rental of Cyprus property remains one of the most popular ones and a whole industry has grown up around providing owners with ancillary services. Absentee landlords can delegate the management of rental properties to local agencies who provide a full service,ensuring the properties are kept in good condition,carry out laundry and cleaning duties and take responsibility for checking guests in and out. By establishing a business through holiday rentals,you can make a small income from rental income while the capital value of your Cyprus property increases nicely.
According to the ‘North Cyprus Estate Agents’; the property in North Cyprus is about three to four times cheaper than the property in South Cyprus at the present moment in time.
The Reasons that are given for this large price differential are that firstly there are no direct flights into the north of the island from the UK,instead one must go via Istanbul first or fly directly into the south end of the island and then drive across the border. Secondly,due to the difficulties with crossing the border until six or seven years ago,the property market has only really just started to take off in North Cyprus.
However,despite these claims research has proved to me that this price differential cannot be applied to all property. In fact,this figure only relates to a relatively small proportion of the properties in North Cyprus and depends mainly on location.
For example; in the North a two bedroom,one bathroom apartment in Alsancak,a 20 minute drive along the coast road to the main tourist town of Kyrenia property starts at £29,000. This includes a shared pool and view of the sea from half of the apartments. A relativley similar property in the South situated in Xylofagou,which is half an hour between Larnaca and Aiya Napa would set you back at £75,000. This is two and a half times more expensive than the North and does not have a sea view.
In the more popular locations the price differential increases significantly. A similar property to the one explained above in the centre of Kyrenia costs,on average £50,000,again with pool. However,in the South,in the more popular tourist locations such as Paphos and Limassol the same property could cost up to £300,000 making the Southern property six times more expensive.
The same pattern can be seen for larger properties such as three bedroom villas with their own pool; in the North this would cost between £70,000 and £250,000 depending on how close to the centre of Kyrenia you are. In the South the same property starts at £135,000 and price increases to well over £1 million depending on location.
These examples clearly show that at the lower end of the scale the price differential for properties in the North compared with the South are essentially two fold,this is being seen with both small and larger properties. As the location of properties moves towards the more popular destinations of Kyrenia in the North and Paphos,Limassol and Larnaca in the South price increases to a four,five or six fold difference.
The price difference in renting a 3 bedroom villa with pool is £200 a week,with prices in Kyrenia being between £400 and £600 a week compared to £600 to £800 a week in Paphos.
On a final note,properties in the village of Boğaz,approximately 15 minutes drive from Bafra are averaging at £45,000 for a two bedroom apartment with pool whilst a three bedroom villa with pool can range from £98,000 to £129,000 which increases to £153,000 for land with an original Turkish deed.
The Cyprus property market has seen plenty of success because of the sheer glamour of the island,which is the third largest in the Mediterranean. You may prefer the coastal resorts of Limassol and Paphos,while others might prefer the secluded village life. Britons are flocking to Cyprus to make an overseas property investment,an industry expert has revealed. ÂIf you are seeking a http://www.cyprusinvestors.co.uk target=_blank>Limassol villa for sale we have some outstanding properties in that area.
Now that the Green Line is open,it’s finally possible to experience Cyprus as a whole. After 30 years of separation,the two sides are mixing again - spend the night at the thumping clubs of Agia Napa in the South,then laze the day away on the deserted beaches of the Karpaz Peninsula in the North.
One of the biggest attractions that the island has for Europeans is the fact that they can live and work freely,and this ability has contributed to the large expat populations on the island. Some even call Cyprus mini-Europe as the main towns have been developed to resemble those left back home by the migrants. There is an abundance of properties on the market including beautiful houses,villas and apartments,either as a new home or for vacations. For those who like the area and would like to buy or rent a Paphos villa for sale we have a wide range of homes and property for sale.
As there is plenty to see and do in Cyprus car hire is a commended need that will make your holiday much comfortable. With the weather forecast check and a handy map of Cyprus to add you are free to cross the island all over,explore sandy beaches and enjoy picturesque scenery on your holidays.
Cyprus has an open,free-market,services-based economy with some light manufacturing. Cyprus’ accession as a full member to the European Union as of May 1,2004,has been an important milestone in its recent economic development. The Cypriots are among the most prosperous people in the Mediterranean region. Internationally,Cyprus promotes its geographical location as a “bridge” between three continents,along with its educated English-speaking population,moderate local costs,good airline connections,and telecommunications.
Geography maps of Cyprus show that Limassol is situated in the middle of the south coast of the island. It has over 15 km of coastline and the magnificent Troodos Mountains looming against the skyline. Cyprus property for sale in this area is popular due to the variety of scenery and real estate available. These are those who prefer a Cyprus villa in Limassol to be located in the foothills of the Troodos in one of the sleepy villages surrounded by vineyards,others favour apartments in Limassol Cyprus that are closer to the coast and energetic nightlife the town is legendary for.
Limassol has the main port on the island,a busy commercial centre and is the second Cypriot city after Nicosia. There is a brilliant shopping centre,tourist beaches and numerous hotels and apartments that cater for the visitors who flock to the city from home and abroad. Cyprus property for sale in the region has recently been given another boost by the announcement from the Minister of Commerce that the contracts have been signed for a new marina which will be situated in the heart of the city and it will have the room to hold 1000 boats.
One of the other plus points of Cyprus property for sale in Limassol as geography maps of Cyprus will show you is that it is almost situated exactly half way between the two airports on the south of the island,Paphos and Larnaca,so there are always two choices to fly in and out from which can help for availability,choice and price of flights. There has also been a long term venture of road improvements that has lasted over four years and is now almost completed that has involved building under and over passes around the five roundabouts on the main road that runs through the outskirts of the town from Nicosia and Larnaca through to Paphos. After years of inconvenience the result is fantastic and the journey from east to west of the town which on a good day,out of rush hour which used to take over half an hour can now be done in about 7 minutes.
A Cyprus villa in Limassol can take advantage of a wonderful cultural life as the town hosts two of the islands largest annual festivals - the pre-Lent Carnival and the September Wine festival. The area also has some of the finest and most important historical sites. Cyprus property for sale benefits from the area having all of the virtues of the island; the sea,mountains,village life history and a city centre for those who like an urban element.
So all in all what a fabulous location for Cyprus property for sale,you can see why it is so popular,added to all of this the Cyprus weather is the icing on the cake,making it possible to enjoy all the outdoor life that is available. Come and look for yourself you will love what you see!!
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March 30, 2009 3:35 am | 
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