Desirable villas and bungalows in Pissouri.
The outlook for Cyprus seems sunnier than ever, with 2006 expected to see yet another rise in tourism. With an increase intourists, of course, comes higher revenue for those who have invested in the local buy-to-let market.
As part of Cyprus’ seven-year plan to help increase tourism, emphasis has been given to major infrastructure projects aimed at upgrading the image of Mediterranean island. This plan has led to the construction of golf courses, marinas, conference centres, casinos, theme parks and even a tourist academy. This construction, along with other measures, has given Cyprus a renewed profile on the map; the island is seeing increased tourism and more UK residents are buying property there, both holiday homes and permanent residences.
UK citizens make up 60 per cent of the expatriates currently living on the island. Litsa Chrysostomou, international sales manager for Antonis Loizou & Associates, says, ‘Cyprus is undoubtedly a favourite with the British as we can see from the number of tourists we see coming each year. We are now regularly seeing tourists return year after year and in many cases actually buying property for themselves.’
This has had a good effect on the Cypriot economy, says Chrysostomou, ‘in particular the property market, which continues to go from strength to strength. Traditionally we used to see people buy property to use maybe once a year but in recent years we have found that many UK citizens are moving here and taking full advantage of the lower cost of living and higher quality of life.’
One new development that offers a good investment potential is Odysseus Bay Village in Pissouri. With breathtaking views, this premier resort lies to the west of Limassol within easy access to Pafos International Airport, and is easily connected to the rest of the island by a four-lane motorway.
There is a selection of two- and three-bedroom villas and bungalows all built in traditional styles with flat, domed and pitched roofs in keeping with local architecture. These spacious properties offer contemporary interior living and are finished to the highest standards.
Prices start at £176,379 for a two-bedroom property. Many of the properties at Odysseus Bay Village have already been sold off-plan and the development is now in its last phase, so those looking for a holiday home with good investment opportunities should have a look.
Antonis Loizou & Associates markets throughout Cyprus and has numerous new developments, resales and plots of land. As the largest independent estate agency in Cyprus, they assure you of peace of mind with their English speaking agents and attention to detail at all times. For more information call 0800 032 6203 or visit aloizou.co.cy.
Just outside of Pissouri, Pine Bay Villas is an unspoiled village on the main highway halfway between Limassol and Pafos, only 20 minutes from Paphos international airport. This is a self-contained, well managed private and secure development of exclusive country homes with landscape gardens. It has its own sports club featuring a games room, squash court, swimming pool, tennis court and a small shop.
A range of detached villas in nine different designs is available, including: two-bedroom villas start at £127,000, while three-bedroom detached villas are priced from £147,500. Four-bedroom villas have a starting price of £190,500.
The development site is mostly covered with pine trees and slopes to the south overlooking the sea, approximately 1km away. Pine Bay Villas offers the charm and character of the traditional island architecture. The elegant homes have spacious, well-proportioned living rooms, practical and comfortable bathrooms and large terraces which open out to magnificent views of the sea and the surrounding countryside.
Pissouri village is one of the few seaside village in Cyprus which has retained its original architecture and environment. The village itself stands on a hilltop and for the most part is built using solid stone walls. The village centre has been preserved with government assistance; a village square, which is surrounded by small family run restaurants and cafés, is extremely popular with both locals and foreign visitors.
Available from International Property Brokers; visit cyprusonline.co.uk.