Cyprus Beach Apartments, Make The Dream A Reality

Deborah K. Vick

Cyprus property is arguably amongst some of the beautiful in the Mediterranean area and continues to be much sought after by investors as well as those looking to buy a holiday home for themselves. Obviously the nearer to the coast the better but such locations will come at a premium in many areas. This is probably why a Cyprus beach apartment is one of the most desirable property options for many holiday home buyers. Despite rapidly rising prices and the introduction of value added tax there are still some Cyprus beach apartment bargains to be found should you know where to look.

Cyprus beach apartment buyers have traditionally focused their attentions around the main resort areas such as Paphos, Protaras and Limassol with only the more adventurous Cyprus property seekers venturing further afield. All that is however changing because as the price of resort property increases the bigger developers are investing in large scale developments further out. Not just the building of Cyprus beach apartment or villa complexes either but full scale developments including shops bars and restaurants. In fact they are inputting infrastructure where none previously existed to support the developments themselves.

With Cyprus’s modern coastal motorway system linking all the main resorts, buyers of these beach apartments will never be more than a short drive away from all the amenities they need whilst at the same time enjoying the benefit of a rural location. The big news about this trend is price! Properties located in these outlying villages and suburbs can be 40-50% cheaper than a comparable house in a resort area making that Cyprus beach apartment an affordable reality for the buyer on a smaller budget. Just how long this state of affairs will continue is difficult to predict but most will agree that it is only a matter of time before the “ripple” effect catches up and prices in these locations rise too.

So if you are thinking of buying a Cyprus beach apartment or any residential property in Cyprus perhaps now would be a good time to make your move. It is rare if ever that property goes down in value so waiting around for the market to “pop” is not the best option unless you get real lucky. Holiday apartments and villas are becoming big business not just for the developers but also in terms of holiday rents. Holiday makers are changing their habits from the old package tour system to “self build” packages where they arrange the flights and accommodation needs separately including renting Cyprus villas or apartments. This shift in behavior is great news if you just happen to own a Cyprus beach apartment and are looking to rent it out for a few weeks of the year.

How many times have you seen property sell for two or three times what it cost the seller a few years hence and thought, I wish I had brought one myself at the time? The bottom line is that history has taught us that overall property prices and inflation continue to rise year on year. A Cyprus beach apartment that rents for cyp600 a week today could be renting for twice that amount in five or six years time! Even folks who have gone out on a limb and borrowed against their other assets have come out on top at the end of the day. Owning two properties one in the U.K. and a home in the sun is becoming a reality for more and more people who took the chance why they had it. So all the shrewd buyer needs to do is sit back in the sun, watch their investment grow and enjoy many years of carefree holidays in their very own Cyprus beach apartment.

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