Cyprus Investment & off-plan property

Arena Estates provides first hand experience of the buying process involved in investing in the exciting emerging property market of Cyprus. We also provide access to the most viable investment property product for sale in Cyprus including extensive re-sale and new developments available in the Greek speaking parts of the island.

Cyprus has long been a popular holiday destination but is now increasingly becoming one of the best places for property investment currently available worldwide. The quality of properties available and the dynamism of the market can provide the basis for significant capital growth.

Due to political trouble in the last few decades, the property market in Cyprus has not seen the growth of other more mature markets such as the Spanish mainland and islands. Now that the political situation has changed Cyprus is rushing to cash in on its newfound European Union Status.
As with any of the emerging market places Arena Estates works in, for investment purposes, purchasing as early as possible from the plans is advisable. Due to the continuing market demand for property in Cyprus pushing up price levels, early bird investors can often achieve capital growth of up to 30% on the completed price.

Following Cyprus’ full entry into the EU on May 1st 2004, EU investors can now additionally earn income from short-term as well as long-term rentals of their property.

Below are some case studies of capital growth on new properties between 2002 and 2004

Average Prices 2002 - 2004 CYP

Paphos

2 bed apartment
2004 price £80,000

2002 price £55,000
= 45% increase

Ayia Napa/Protaras

2 bed apartment
2004 price £55,000

2002 price £35,000
= 57% increase

Limassol

2 bed apartment
2004 price £70,000

2002 price £50,000
= 40% increase

Disclaimer: The factual information within the Arena Estates website has been created using numerous sources. While every effort has been made to ensure the veracity of the facts contained within this website, Arena Estates assumes no legal liability or responsibility for the accuracy, of the information contained therein. Prices and exchange rates are also subject to change.

 

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