Property for sale in Nicosia makes a good investment

It wasn’t until a decade ago that interest in buying and selling property in Cyprus increased among foreigners intrigued by the joys of living and investing in the island nation. Thanks to its beauty and modernization, the quality of life and investment potential in Cyprus rank high.

Nicosia offers a metropolitan environment, ideal for those looking for a property located in such an environment. Although it is a modern and bustling centrally located city, it has not compromised with its rich and ancient cultural history. Ideally located in the central plain, it is an hour and a half equidistant from the mountains and the beaches of the south coast.

Until recently, prices for holiday homes and permanent residences in Cyprus have been quite low. However, the increasing demand for property for sale in Nicosia and the rest of Cyprus has caused prices to rise considerably. To get the best value for your money, there is no better time to buy or sell property in Cyprus than now.

The Cyprus government makes it easy for foreigners to buy land, and thousands of Britons have taken advantage of the low taxes and prices. Retirees can also collect their pensions tax-free as long as they live in Cyprus.

Houses for sale in Nicosia range from modern apartments with all the comforts you can imagine to traditional houses that require some repairs. Many large villas and houses are also available, with prices for many apartments starting under £70,000. Cyprus is a very affordable country, with property available at much lower prices than in Italy or Spain.

Cyprus is well served by international airports and it is easy to get a cheap flight to Cyprus from most European airports. Tourism is booming here and therefore there is great potential that properties for sale in Nicosia could be used as a holiday destination for a few weeks a year and then rented out to tourists the rest of the time. Cyprus estate agents are eager to help interested potential buyers and can introduce you to mortgage providers who are interested in attracting investment from abroad.