Cyprus Real Estate Market Trends
Real estate market trends can give you a lot of valuable information about the future of your property investments. Knowing these trends can help guide you towards the best possible deals that could result in the biggest profits.
Investing in Cyprus is currently a huge trend in Europe since these investments have experienced such tremendous positive growth over the past few years. The Cyprus Investment Programme also has a huge impact on the popularity of Cyprus investments since instant citizenship in Europe is a very powerful benefit of buying land for sale in Cyprus.
If you are interested in investing in buying property in Cyprus then you can definitely consider the following real estate trends to help you make the best possible investment decisions.
There is a high demand for Limassol property
Limassol is a preferred location for most tourists and for plenty of people looking to immigrate to Cyprus. Housing in Limassol, in general, is pretty sought after because of the possibilities of good returns on your investment if you choose to sell at a profit in a few years or invest in buy to let property.
Hi-end property
Hi, end property is doing particularly well in Cyprus right now. This mostly results from the effect of the Cyprus Investment Programme. Investors look into buying luxury accommodations in order to obtain a Cyprus permanent residence permit and to get good returns on their investments in as little time as possible. Some hi-end homes in Limassol currently sell for as much as 44 million Euro and hi-end properties in general experienced a massive 36% increase in property value in 2017 alone. Hi-end properties are also expected to do very well in 2018 since the economy in Cyprus is greatly improved and these investments generally grew in popularity.
Increase in tourism
Cyprus experienced quite a huge increase in tourism over the past few years which affected property values tremendously. Buy-to-let properties in tourist areas do very well and investors are known to receive good returns on their investments in very little time – if they invest in the right type of property and in the right tourist locations.
Higher demand for residential property
More people are looking to immigrate to Cyprus thanks to the investment programme and the demand for residential property, in general, has risen tremendously. In fact, the buy-to-let residential property is often considered a much better investment than buy-to-let tourist properties. Even local residents are much keener to invest in property due to the boosted economy.
More Russian buyers
Russians specifically seem to show the highest interest in real estate investments in Cyprus. Most real estate purchases in 2017 were made by residents of Russia.
Real estate is doing very well in Cyprus right now and if you want to also cash in on these big opportunities then the first call you should be making is to our real estate lawyers. We will assist you with all negotiations, mortgage solutions, documentation, deed transfers and more so you can also benefit of the positive real estate market trends in Cyprus.
