When it comes to the property market Cyprus always seems to make a lot of news. Although Cyprus has a very high income economy and people here are perceived to be well off the property market in the island country has been going through constant ups and downs in the past few years. Property for sale in Cyprus is high in demand at the moment because of the fall in property prices. When you compare the prices of houses for sale in Cyprus with the prices about three years ago you would be delighted to see that making a killing is very possible.

 

The RICS Cyprus Property Price Index was introduced in Q4 of 2009 and this resulted in nationwide fall in prices of property for sale in Cyprus. The Q2 of 2013 saw further fall in prices of houses for sale in Cyprus thanks to the decisions of the Eurogroup. As of now the fall in prices of mid-sized residential apartments (85 m2) have fallen by 33.6% on an average while the prices of three-bedroom apartments with gardens (250 m2) have fallen by 25.1% on an average. The three largest banks of the country, Alpha Bank, Bank of Cyprus and the Hellenic Bank have also reduced their mortgage rates. If you are planning to purchase property or house in Cyprus then this is the time.

 

Although a tiny island country, Cyprus is one of the hottest holiday destinations in the world. People from all over the world come here to enjoy their vacations. The beaches of Cyprus, the modern cities like Nicosia, Limassol, Larnaca, Paphos and Famagusta enjoy heavy influx of tourists throughout the year. For someone to own a property for sale in Cyprus means constant income through rents. Of course, there are many that buy houses for sale in Cyprus to live there but if you consider the shrewd investors they know that this is one place where property can be a cash cow.

 

Although Nicosia is the capital city of Cyprus it is not necessarily the best place to stay in the country. Other cities like Limassol and Paphos enjoy more tourists and looking at property for sale in Cyprus in these cities could be a great idea. There are many villages that dot the outskirts of these cities and one can look at houses for sale in Cyprus in these villages for prudent investment and excellent returns. The cities also have excellent properties listed for sale and you could look at investment in these properties too. These will be more commercial in nature.

 

Finding property for sale in Cyprus the easiest way is through the internet. Real estate websites and other e-commerce websites have a comprehensive listing of houses for sale in Cyprus and you could easily shortlist a few for viewing purposes. It is best to know about the area where you plan to invest and then get hold of a real estate dealer to show you around. It will be a pleasure owning a piece of land in Cyprus.

When it comes to the property market Cyprus always seems to make a lot of news. Although Cyprus has a very high income economy and people here are perceived to be well off the property market in the island country has been going through constant ups and downs in the past few years. Property for sale in Cyprus is high in demand at the moment because of the fall in property prices. When you compare the prices of houses for sale in Cyprus with the prices about three years ago you would be delighted to see that making a killing is very possible.

 

The RICS Cyprus Property Price Index was introduced in Q4 of 2009 and this resulted in nationwide fall in prices of property for sale in Cyprus. The Q2 of 2013 saw further fall in prices of houses for sale in Cyprus thanks to the decisions of the Eurogroup. As of now the fall in prices of mid-sized residential apartments (85 m2) have fallen by 33.6% on an average while the prices of three-bedroom apartments with gardens (250 m2) have fallen by 25.1% on an average. The three largest banks of the country, Alpha Bank, Bank of Cyprus and the Hellenic Bank have also reduced their mortgage rates. If you are planning to purchase property or house in Cyprus then this is the time.

 

Although a tiny island country, Cyprus is one of the hottest holiday destinations in the world. People from all over the world come here to enjoy their vacations. The beaches of Cyprus, the modern cities like Nicosia, Limassol, Larnaca, Paphos and Famagusta enjoy heavy influx of tourists throughout the year. For someone to own a property for sale in Cyprus means constant income through rents. Of course, there are many that buy houses for sale in Cyprus to live there but if you consider the shrewd investors they know that this is one place where property can be a cash cow.

 

Although Nicosia is the capital city of Cyprus it is not necessarily the best place to stay in the country. Other cities like Limassol and Paphos enjoy more tourists and looking at property for sale in Cyprus in these cities could be a great idea. There are many villages that dot the outskirts of these cities and one can look at houses for sale in Cyprus in these villages for prudent investment and excellent returns. The cities also have excellent properties listed for sale and you could look at investment in these properties too. These will be more commercial in nature.

 

Finding property for sale in Cyprus the easiest way is through the internet. Real estate websites and other e-commerce websites have a comprehensive listing of houses for sale in Cyprus and you could easily shortlist a few for viewing purposes. It is best to know about the area where you plan to invest and then get hold of a real estate dealer to show you around. It will be a pleasure owning a piece of land in Cyprus.

 

There is a boom in property for sale in Cyprus http://www.bestbuycyprus.com . Look at houses for sale in Cyprus because this is the ideal time to make your purchase.