The Cyprus property market constantly grows and buyers are continuing to purchase luxury Cyprus villas and apartments. It seems that everyone wants to have their own holiday home in the sun. Good news for any prospect buyer is that you can still find some great bargains if you will do a little research for yourself.
Some companies offer their buyers a 20% down deal with nothing to pay for two years on off-plan projects. In future the value of these properties will increase significantly before the development will be completed and the remaining 80% will become due. This kind of developments could be a very good opportunity for prospective holiday home owners that would like to buy a dream Cyprus villa or apartment they have been looking for.
Potential buyers may be interested to know that even with the downturn; the Cypriot government is still investing in infrastructure, especially in the Limassol area. Limassol will be one of the main areas that will take advantage from major infrastructure developments in 2010 and will confirm that it is a good location for the future investment. Mayor of Limassol town announced about four main projects with cost over €50 million that will take place in the next three years, including the famous marina project which will be constructed at the old Limassol seafront. Besides that the town centre will be renovated and there will appear new sport and cultural facilities.
So, are you planning to buy a property in Cyprus? Is it a right moment to buy? That will depend on your needs, your style of life and your financial position. Buyers will benefit from the economic recession as sellers offer large reductions, especially to cash buyers. If you are the one who has enough money and has decided to purchase property on this beautiful island, then your possibilities are endless.
Copyright © CyprusNet
