Cyprus Blog

Welcome to the Cyprus 4 Less web log. Here we will be introducing general news and views on a regular basis for those of you who would like to keep up with news and information on Cyprus and Cyprus 4 Less.

C4 TV "A Place in the Sun" - Cyprus Market Strengthens

Updated: 12/06/07

Channel 4 TV's premier real estate programme has once again highlighted Cyprus as an excellent investment opportunity. On the programmes web site they stated that Cyprus is a haven for holiday buy-to-let investment because of the all year sun, sandy beaches, EU membership and friendly English speaking locals.

The programme went on to say:

Many people from the UK favour Cyprus. Which is not surprising considering that Cyprus has the complete summer holiday package. Safe sandy beaches, friendly locals,  spectacular scenery and year round sunshine all make Cyprus a holiday gem. Which explains why so many of us are looking to Cyprus for our home or investment in the sun.

Most overseas buyers still come from the UK although other nations are beginning to buy in Cyprus. Since joining the EU people have become aware of where Cyprus is and it has brought new purchasers from other countries.  The property market will continue to grow due to many factors. Purchasers like the legal system in Cyprus – it is easy to understand and based on the one in England. The Government in Cyprus also believes in looking after the environment – properties cannot exceed a certain height and density is monitored and green areas are planted within developments.

The most popular area is Paphos which attracts most of the investors and, with the construction of mixed-use developments, should continue to be the island’s most popular area. For more information go to out Investment Opportunity page.

 

5* Paphos Development NOW RELEASED

Updated: 22/02/07

The eagerly awaited new five star luxury development in Paphos is now released for sale. This prestigious selection of exclusive apartments and penthouses all benefit from magnificent sea views and also overlook the 'Tomb of the Kings' World Heritage Site. The location is just 2 minutes from the beach, shops and restaurants making it a perfect place to stay and a great investment for those looking for a good return on their money.

The development will be designed and built to the very highest standards and will include two swimming pools, a gym, sauna and Jacuzzi. Each spacious apartment will include high quality fixtures and fittings including Italian marble, granite work surfaces, designer kitchens and bathrooms as well as Sat TV and wireless broadband. For more information go to the property specification page. 

 

Channel 4 TV's 'A Place in the Sun' - Recommends Cyprus

Updated 11/01/07

Everyone knows there is money to be made in property, but which country provides you the biggest return?

Cyprus is the most eastern island in the Mediterranean and former British colony. The British are far the most numerous foreign visitors and many of us are buying homes there. Since joining the EU in 2004, Cyprus has seen healthy growth in its property market but the average price is still only around the £100,000 mark – Expect a 188% return

 

Paphos Property - Good Investment Potential

Updated 09/11/06

The long awaited report from property fund ILS is expected to again name Paphos as the strongest investment choice in Cyprus. The recent development of the infrastructure namely the motorway linking Paphos to Larnaca has further increased the regions popularity. This is combined with the natural beauty of the area and ancient history has further increased prices over the last year. However, compared to the rest of Europe Paphos does not suffer with skyscrapers and strict planning laws have been adhered to to maintain it's rustic charm. This is reinforced by the fact that although property continues to rise in value it is still relatively cheap compared to destinations such as Spain. Paphos has a number of developments that offer great investment potential, we have highlighted a number of these in our report.  > read more

Cyprus Property Rentals Up Again

Updated: 27/10/06

According to EU tourism figures Cyprus enjoyed another summer season of high rental occupancy, especially in the south of the island - notably Paphos region.

This demand has outstripped supply in many areas which has seen property investors smiling as their Cyprus property makes a substantial gain in capital appreciation. Many UK investors are actively looking for property in Cyprus due to the high demand for rental use and the relatively low cost of purchasing property compared to over developed counties such as Spain. >read more

Cyprus property market looks forward to Euro Updated: 23/10/06 Economic conditions are moving at high speed in Cyprus which makes the Cyprus property market increasing appealing to investors. The prospective adoption of the Euro has meant huge interest from foreign investors which have seen Cyprus property prices strengthen. David Apolininis, overseas investment manager comments that the potential adoption of the Euro is driving prices and making Cyprus property investment a very attractive proposition, especially with UK property investors; “We’ve seen significant gains being made by a number of our clients and we expect this to continue for the next few years, we’re advising clients to invest in Cyprus property as soon as they can” > read more Expected boom in Cyprus Property for 2007-2008 Updated: 20/10/06 Following the country's accession to the European Union, Cyprus is no longer considered just another tourist destination. It is now becoming the home, work place, business destination, retirement place for more and more people from Europe and beyond. The Cyprus government have introduced a 15 % VAT on property purchases in accordance with the “acquis communautaire”. This leads to one conclusion only. Cyprus property will rise significantly in the next 5 years.  Andrew Nolan, a Cyprus resident and property analyst said "There was a rush to buy before our accession to the European Union and VAT introduction. However freedom of movement after joining will further demand for Cyprus property. This makes for an exceptional investment climate and one that the smart Cyprus property investor is already taking advantage of". > read more. EU warns Turkey to let Cyprus use ports if it wants to join Updated: 19/10/06 Turkey has been given a warning that time is running out for it to rectify talks on its membership of the European Union by opening its ports to ships and planes from Cyprus. During recent diplomatic efforts, the European Unions' enlargement commissioner warned of a "last window of opportunity on the Cyprus issue in the coming weeks". Despite Turkey having closed ports Cyprus is one of the easiest places to get to with the recent airline deregulation. This means that there are a large number of 'low cost' airlines that fly into Cyprus's airports. In addition Cyprus has benefited from extensive development of the airports in Paphos and Larnaca which now provide world class modern airport facilities. > read more.