Cyprus Property Sales

Since the lifting of restrictions on foreign ownership, property sales and prices in Cyprus have increased drastically.

Cyprus property sales are concentrated in the major resorts in and around Paphos, Larnaca and Limassol where many buyers are seeking out affordable dream homes in the sun. With prices remaining some 30% lower than in France or Spain, Cyprus property sales are positively booming.

Property sales in Cyprus are largely dependant upon a strong tourist market in which buyers look to invest in buy-to-let properties. A recent upturn in the tourist industry, provoked by an improved infrastructure and increased facilities such as a hospital, golf courses, leisure and cultural centres, and a university, makes today’s property sales market in Cyprus particularly buoyant. In conjunction with the island’s Strategic Plan for Tourism 2010, Cyprus property sales now represent one of the fastest growing property markets in Europe. Cyprus Property sales are further boosted by regular and increased budget airline services to the international airports at Larnaca, Paphos and Ercan.

Despite lower prices, property sales in Turkish Northern Cyprus are slower than those in the Greek southern Republic. A clear understanding of both options is vital to making the best decision for your investment needs.

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