Cyprus, which is the third biggest island of Mediterranean Sea, attracts attention of both tourists and investors. In recent years, due to the newly established and developing hotels, touristic and real estate investments, and universities, the number of people who want to invest is Cyprus is increasing. With the increasing number of tourists coming to Cyprus, the touristic income of the island increases rapidly. Therefore, the investments on airports and hotels enabled the tourism sector to enlarge. The plan is to increase employment and the demand on properties and through these, the development of real estate sector.
In Cyprus, together with tourism sector, education sector is rapidly developing. The number of the universities, and therefore the students and academic staff, is increasing. This creates the increase in the demand on properties for sale and for rent. Also, there is an increasing demand for properties in Cyprus from European people due to the low prices of properties. Therefore, with the increasing demand, new investments on properties are increasing.
The apartments and villas in Cyprus are mostly newly built as complexes which enables well-maintained gardens and communal facilities. Most of the buildings have all basic needs installed, some of them even have white goods and furniture. Cyprus has a beautiful nature and most of the complexes and sites have well maintained beautiful gardens add to it. Most of the complexes offer many services such as caretakers and VIP services. Additionally, most complexes have sports facilities, nearly all of them have pools. The environment is clean, the nature is nice and it is a secure place. These make Cyprus a popular place in terms of buying real estate.
These new investments of properties are generally located in Girne, Lefkosa and Iskele districts and they are becoming more and more profitable. Due to the high-quality constructions and tasteful designs, in addition to high demand, these properties are giving the investors more than they were expecting. The prices of the apartments start from €50.000 and the payment options are flexible. This is favorable especially for Eauropean people, therefore Cyprus attracts attention to its property sector.
Cyprus is becoming a highly popular place in terms of investments in recent years. It is well-known among Turkish people and becoming more famous among foreigners. Many people buy or rent properties there for various reasons. Therefore, properties in Cyprus are on high demand all the time. The hotels or apartments for rent never go empty. Additionally, in Cyprus the vacation season is very long and crowded. People with various holiday expectations find what they are looking for there. You can spend a cultural, natural or just enjoyable and relaxing holiday.
Since Cyprus is becoming a high-demand location, there are extra benefits of owning a house there besides having a place to spend time. Your property is easily rented throughout the year. It is never hard to rent your house in Cyprus. This popularity also affects house prices there. They go up due to the increasing demand. These opportunities make owning a property in Cyprus an asset.