Holiday property sales are one of the fastest growing property markets and counties like Cyprus are right there at the leading edge. The Cyprus developers are working flat out to keep up with the ever increasing demand for luxury villas and apartments. This booming market has not escaped the notice of property speculators and investors who are always ready to take advantage of a good thing. The trick is to buy “off plan” in a rising market and then sell on once the development is finished allowing the speculator to invest in the next development. Many average buyers who were originally planing to purchase for their own use have sold on and made some substantial profits.
Traditionally thinking dictates that the earlier a speculator buys into a project the bigger the increase in value is likely to be. It is not unusual therefore for some speculators to have money tied up in a project for two years or even longer. The up side to this long term investment is of course the added value that can be achieved in a rising market. History has shown that overall prices of property increase even if at times slower than others. Cyprus investment property of all kinds is still making excellent returns on capital outlayed and there appears to be no shortage of buyers waiting to snap it up.
Luxury Cyprus villas and modern apartments with communal pools are the favorite choice for that dream home in the sun. The money for all this Cyprus property seems to keep flooding into the country despite a slowdown in the U.K. property market. Cyprus investment property is still attracting plenty of willing speculators and confidence in this buoyant market remains very high too. The signs are therefore good for anyone who is considering buying an investment property in Cyprus ether for eventual resale or even as a rental income opportunity. In fact Cyprus investment properties are benefiting from a holiday rental market explosion.
There is little doubt that peoples holiday habits are changing. Whereas they were once quite happy to book a package tour which allowed the travel company to organize accommodation and flights they now prefer to “self build”. The internet in particular has given the average holiday maker the ability to do instant price comparisons on flights and hotels. More and more people are opting to book their own flights and arrange separate accomadation including self catering apartments or villas. This is good news for the Cyprus property invstment market.
A huge market has sprung up for the rental of Cyprus villas and apartments close to the main holiday resorts. Astute Cyprus property speculators have seen this as a great way to enhance their investments potential. The plan is to purchase off plan and once the development is complete rent the property out to the lucrative holiday rental market whilst awaiting a sale. The Cyprus investment property would then earn not only in the increased market value but also from the holiday lets which could service loan repayments too.
Whilst property investment does carry a certain amount of risk holiday villas and apartments are real easy to rent out if an investor should need to. This is good news for prospective buyers of any Cyprus investment property who may be concerned about the cost of ownership whilst awaiting a sale. Some observers would argue that in many respects holiday villas and apartments make the safest investment for new speculators The market looks set to expand even further now that some developers are offering houses and villas with a small down payment and nothing more for two years. Perhaps there has never been a better time to buy a Cyprus investment property.
Kevin Moore lives half the year in Cyprus where he writes regular articles about all things Cyprus including holidays and Cyprus real estate. Check out the web site here Cyprus Investment Property
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