Buy Abroad News

05 Jul 06

Who Says Cyprus Is Expensive

An ideal opportunity to get on to the property ladder in Cyprus

--- Cyprus has proved to be one of the most popular destinations in the Mediterranean over the years and with a proven track record as a good investment island the future looks strong, however because of ongoing significant yearly appreciation some investors struggle to get on to the market.

John Reilly UK Sales Manager of Buy Abroad says, "Cyprus property has and continues to perform well. EU accession has again helped to increase property prices and now we are looking forward to the Euro currency whilst all the while enjoying large subsidies from the EU which is being ploughed back into Cyprus' infrastructure which will inevitably lead to more appreciation over the coming years. The significant gains that Cyprus achieves each year have left a hole in the market whereby some would be investors have not been able to get on to the market. It is with this in mind that we are happy to bring to the market Andrea Court in Liopetri.

Andrea Court in Liopetri is set between the stunning villages of Paralimni and Protaras, is just three minutes drive to the beach and only a 20 minute drive to Larnaca International Airport. The area surrounding Liopetri is known for its golden beaches shelving gently into the Mediterranean but also it is ideally placed to explore the coastline and is only five minutes drive away from the renowned Ayia Napa resort.

The development consists of 34 townhouses and maisonettes. The properties are all constructed using local stone and materials to help reflect the typical Cypriot architecture that has made property on this island so popular. Each of the properties offers an open plan downstairs with separate bedrooms upstairs, many with balconies. All of the townhouses and maisonettes are set around a communal swimming pool of a good size. Additionally there are many amenities nearby with the area being renowned by locals and visitors for its alluring beauty.

John adds, "This is the ideal opportunity for anyone looking to get on to the property market in Cyprus. Each property is finished to a high standard and would be ideal either as a holiday home or permanent residence. With its close proximity to Ayia Napa investors could also rely on a good rental market whilst enjoying the current 15% per annum capital appreciation. What makes Andrea Court even better to the first time investor is that there is only a 15% deposit to be paid with nothing else until completion".

Prices start at Andrea Court from just £106,209 for a two bedroom townhouse.

About Buy Abroad

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