Properties for sale in Cyprus - Still a Sound
Investment?
Estate agents and overseas property consultants
have been praising the investment potential of properties
for sale in Cyprus for years, but are homes on the island
still a sound investment?
Properties
for sale in Cyprus and their long-term investment
potential
Whilst most professionals in the industry will
readily admit that the demand for Cypriot real
estate continues unabated, it takes a brave man
(or woman of course) to claim that the market
has remained unchanged during the past twelve
to eighteen months.
Whereas twelve months ago, large numbers
of British home buyers visiting the
island would readily follow the 'guidance' of
bartenders, taxi drivers
and even hairdressers recommending 'friendly relatives'
offering properties for sale in Cyprus; today's
buyer has grown wise to the fact that the majority
of these so-called relatives are simply property
developers offering a 'gratuity' for successful
introductions by non-professionals. |
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Estate agents using high-pressure sales tactics are
faring poorly too.
By and large, buyers are also less willing to take subsidised
inspection
trips to Cyprus, since these are now firmly
associated with a high-pressure approach on the part of
the agent.
British visitors especially, are now looking for independent
advice and the freedom to make their own choice about
which of the many homes on offer in Cyprus to buy, instead
of a pushy agent trying to tell them what to do.
But what exactly is it that makes properties for
sale in Cyprus such a solid investment?
Since becoming a fully fledged member of the European
Union, the real estate market in the Republic of Cyprus
has gone from strength to strength as European home buyers
are now seeing Cypriot properties as a safe investment.
This, coupled with ongoing improvements in the country's
infrastructure, such as the extension of Larnaca International
Airport and Paphos Airport, is serving to keep real estate
in Cyprus firmly at the top of high-yield medium and long-term
investments in the Mediterranean.
Indeed, most analysts predict that, over a five to ten
year period, the growth in property values will
put the Republic of Cyprus well within the top twenty
investment locations on Earth.
So, if you are looking at properties for sale in Cyprus
as part of your long-term investment strategy, contact
us today to find out more about how we can help you to
find the perfect home.
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