cyprus lettings, cyprus lettings resources

Whatever form of Cyprus property investment you are looking from, from villas and apartments to fly-to-let, you'll find it here.

We have found everything you need to know about investing in Cyprus properties, whether it is in Paphos (or Pafos as the Cypriots call it), Limassol, Kyrenia, Nicosia, Ayia Napa, or even Northern Cyprus.

Not every one can be a winner however and there are indeed many losers who are unable to get on this Cyprus property development merry go round. Anyone visiting Cyprus recently can not of missed the sudden increase in the price of some foods and other basic essentials such as milk for example. To the visiting tourist eating out or dining in the hotel these increases may not be immediately obvious, but when their wages are still amongst some of the lowest in Europe the Cypriots will be feeling the difference every day. Moreover whilst many comparatively wealthy foreigners can still afford to cash in on the Cyprus property development boom most Cypriots are fast losing hope of ever being able to have enough money to buy a house in their own country.

Many people dream of owning a house in Cyprus but it seems that only a lucky handful ever see that dream turn into any kind of reality. It's really easy to get all worked up about the benefits of property ownership whilst on holiday and even take several viewings only to go "off the boil" on returning home. The chances are that most of these would be buyers could probably afford to own a house in Cyprus if only they knew just how to go about the buying proccess. So maybe if it's your dream to own a house in Cyprus it could still be worth taking another look before you give up on your dreams of holiday home ownership altogether.

The third major area of property developments in Northern Cyprus centres on the town of Bafra, north of Bogaz. Positioned just as the start of the Karpaz Peninsula, development here has been spearheaded by the Kaya Artemis Resort Hotel. This giant reproduction of the Temple of Artemis at Ephesus is a landmark five-star resort and casino, offering a massive 2,400 bed capacity for international conferences and holidaymakers.

Most folks will have some equity in their prime residence against which they could raise at least enough for a 20-30% deposit against an apartment in Cyprus without it costing them the earth in extra repayments on their mortgage. It is argued that the cheapest way to borrow over the long term is by this form of raising capital against your existing property. Whilst securing extra borrowing against the family home should always be approached with caution and forethought. But at least they would be investing the money into a Cyprus apartment which should in turn build equity into that investment rather than buying disposable items like cars or holidays that will show no return whatsoever.

New real estate developments in Northern Cyprus are much more orientated towards a holiday rental market rather than the retiring ex-pat market formally favoured by villa developers. Major property developers have moved into the North Cyprus property market with experience in selling in Spain and other established resorts, bringing a more professional and slick approach to selling. Turkish and foreign investment firms are investing heavily, including several from Israel, North Cyprus' nearest neighbour to the east.

Cyprus, is the 3rd largest Mediterranean island - covering 9,251 square kilometres, 240 km from west to east and 96 km from north to south - with a population of approximately 700,000. Being at the cross-roads of three continents - Europe, Asia and Africa - it has one of the oldest histories of the world, dating back 9000 years. Its strategic position, its wealth in forests and mineral deposits, as well as its skilled craftsmen, made it the prized possession of the powers of the day. The island is served by approximately 30 major airlines, linking it to the four corners of the world through its international airports at Larnaca and Paphos. Driving is on the left in Cyprus and distances between towns are relatively short, covered by a good network of modern roads.

Cyprus property developer numbers have increased dramatically over the last five years as the demand for apartments and villas continues to outstrip the supply. As always property or real estate as it is also known remains a solid long term investment traditionally yielding returns far in excess of money in the bank. Holiday property is the latest boom market and many a property developer in Cyprus has grown wealthy on the back of this fast paced market. This is good news for the would be Cyprus property purchaser looking for either an apartment or a luxury Cyprus apartment.

Since Cyprus became part of the EU (European Union) in 2004 it has benefited from an extended period of significant investment, which in turn has given a huge boost to the country's economy and dramatically improved the island's infrastructure --- including healthcare and education. The economy in Cyprus grew by almost 4% in 2005 alone, well above the average for EU countries. Those canny folk who buy to let in Cyprus are benefiting from steadily increasing rental yields. The future of property investment on the beautiful sun-soaked island of Cyprus looks set to be very positive indeed for investors who take advantage of the information provided above.

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