Is it profitable to buy properties in Cyprus on the primary market?
Larnaca and Limassol - the most popular markets for those who have decided to buy properties in Cyprus. But if you plan to buy primary housing here, you should consider all the "pros" and "cons". Do not forget that Cyprus - it is not just a country of world-famous resorts, but also an island. This means that the amount of land suitable for new construction is rather limited. This, in turn, is the reason that the value of primary housing remained at a fairly high level in Cyprus even in a crisis.
Secondary properties in Cyprus at an attractive price
Secondary real estate market in Cyprus attracts no fewer foreign buyers than its primary segment. And all because that the number of offers of secondary homes in Cyprus is huge and the prices are much lower than in the primary. Of course, if you find an apartment in Cyprus for next to nothing, you should check and calculated - perhaps the capital repairs will cost you a lot of money. But in general, the quality of the secondary real estate, especially in the popular resorts of Cyprus, is on a very high level.
Among the wealthier buyers from countries not members of the European Union, the most popular real estate in the whole housing market and the price segment in Cyprus are those with a value of three hundred thousand euros and above. Firstly, with this amount in Cyprus it is still possible to buy not just two or three bedroom apartment, as it was before the crisis, but a perfect villa or a bungalow by the sea. And secondly, if third country nationals invest such a sum in the housing market in Cyprus they can apply for a gold visa.
What get owners of houses and apartments in Cyprus?
The owners of expensive houses or a cheap studio in Cyprus will always be a winner. After all, regardless of the housing area, their vacation will be more than pleasant and prolonged than that of those who come here on a week vacation and stopped in a noisy and crowded hotel. In addition, even a one bedroom holiday apartment not only makes you vacation more economic in financial terms, but can generate a decent rental income during your absence from the country. We can help by offering a variety of properties to buy or rent in England, available on our website at
www.domaza.co.uk/properties_in_cyprus/
