Buy Abroad News

06 Mar 06

20 Percent Deposit With Nothing To Pay Until 2008

With Larnaca airport located nearby, these apartments offer a tremendous investment opportunity, particularly for those looking to benefit from the rental market

--- Buy Abroad now brings to the market Orange Grove Apartments in the cultural centre of Kiti Village near Larnaca, with a top draw investment opportunity with just 20% to pay now at the off plan stage with the rest due on completion in 2008.

Cyprus is still one of the best overseas destinations to invest in and its long and close association with the UK has undoubtedly been a major factor in people choosing Cyprus as their preferred overseas destination in which to own a holiday home, permanent residence or investment property. Cyprus is an island that offers a low crime rate good all year round weather, a tried and tested infrastructure, a high level of health care and driving of the left as just a few of the more noticeable benefits. With an increasing expat community of British retires and the upgrading of Larnaca and Pafos Airports making travel easier the future bodes well for Cyprus as it heads towards joining the Euro currency in 2008.

James Fleure of Buy Abroad says, "Cyprus is a perfect overseas destination for those looking to take advantage of owning a property abroad. This steady yet performing market is attractive to those who are looking to have all the benefits of owning abroad. Cyprus is one of the safest markets around with a steady increase of up to 15% per year on property. With so much talk of emerging markets with dramatic price increases to be achieved I would urge caution to those looking to invest in these eastern European countries as they have untested markets and often fall far short on good solid infrastructures. Cyprus is a safe bet and with significant increases to property each year is still probably one of the best areas in the Mediterranean to invest in."

Orange Grove Apartments is ideally located in the Kiti area of Larnaca and is an ideal opportunity for those looking to make their first investment on the island. There is a range of studio, one and two bedroom apartments available all offering contemporary living yet in the traditional setting of Kiti Village a sought after location offering much culture with an abundance of greenery in this tranquil setting. The apartments are spacious and finished to a high standard with many benefiting from seas views. The development also offers a communal swimming pool and changing facilities as the focal of this resort. The beach too is nearby and just 5 minutes by car.

James adds, "With Larnaca Airport located nearby these apartments offer a tremendous investment opportunity particularly for those looking to benefit from the rental market. By investing now at the off plan stage those that do purchase can expect to see significant price appreciation by completion in 2008 and with only 20% to pay now this development has all the hall marks of a top drawer investment opportunity."

Prices start from just £41,583 for a studio apartment.

About Buy Abroad

Buy Abroad is a leading overseas properties specialist which operates in Turkey, Cyprus, Spain, Malta, Portugal, France, Italy and Bulgaria. For more information visit www.buyabroad.com or call 01234 401557.