The latest from this popular spot.
There’s a lot happening in Cyprus, one of the Mediterranean’s most consistently popular holiday destinations. Those looking for property overseas will want to keep up with the latest in the Cypriot property market – and soon a unique opportunity will present itself.
Alexandra Palace in north London has been chosen as the venue for the first-ever Cyprus Property Exhibition, to be held on Saturday 10 and Sunday 11 December.
The Cyprus Property Exhibition will be opened by the Cyprus High Commission in Britain, Mr Petros Eftychiou and will take place between 10am and 8pm on the Saturday and 10am and 6pm on the Sunday.
Visitors will be able to talk face-to-face with 35 leading developers and real estate agents from Cyprus. With thousands of freehold property to choose from in Nicosia, Limassol, Larnaca, Paphos and the Famagusta region, potential buyers simply can’t afford to miss this chance.
The exhibition will cater for all property needs, including holiday home, permanent residence and investment. Different budgets, from studio apartments to luxury villas, will be catered for. Representatives from the Cyprus government will also be in attendance, providing an information forum to help the public understand the buying process in that country.
Entrance to the exhibition is free and all visitors can enter a prize draw with a top prize of a holiday to Cyprus, which will take place on each day of the event at 5pm.
With a new international airport under construction, Cyprus is set to welcome even more tourists than before. And as property prices are still lower than in France and Spain, canny investors should have a look at what Cyprus offers. Assetz has several properties for sale throughout southern Cyprus, including Mandria Villas, an excellent investment in a traditional setting only ten kilometres from Paphos. Prices start at £171,324 for a three-bedroom villa with pool. Investors looking to rent their property out could expect annual yields of at least seven to nine per cent, says Assetz.
The winter season in this region is very strong due to the mild weather, another plus for investors. In fact, with an average of 340 days of sunshine per year and a strong letting season from April to October inclusive, the rental market in Cyprus is year-round, producing gross rental yields of eight to 12 per cent.
Find out more about Mandria Villas and the many other properties available in Cyprus by visiting assetz.co.uk.
Halcyon Properties offers four new two-bedroom detached villas in the peaceful traditional village of Nikokleia, about ten minutes’ drive east from Paphos town and a short drive from the airport. Each of the properties has a private swimming pool and there are two golf courses a short drive away.
Each home measures approximately 127 square metres and is set on a plot of approximately 349 square metres. Features include garage, guest WC, solar panel and double glazing.
The homes are priced at £130,000. For more information call 01323 891639 or go online to halcyon-properties.co.uk.