International buyers are showing a renewed faith in Cyprus property, according to Property Wire, the global real estate news site. So why should you join them in choosing Cyprus for your 2018 property purchase?
1. Find luxury for less
It’s certainly worth comparing Cyprus’ affordability to other sunshine hotspots if you’re buying a holiday home this year. Property prices on this beautiful Island at the crossroads of Europe and the Middle East measure up favourably in both directions. An apartment in central Paphos, for example, is less than half the price of similar property in other Mediterranean cities. And the latest master planned developments in Paphos and Limassol feature luxury villas, spas and beach clubs to rival dazzling residential communities in Dubai’s prime property areas – without the price tag. Just Landed also calculates the total cost of buying a property in Cyprus – including legal fees and VAT – at 10% lower than elsewhere in Western Europe. So, if 2017 marked the start of a gradual price climb in Cyprus real estate, 2018 is the year to buy a luxury property you can profit from later.
2. Go for Gold
The opportunity to make a €2 million new build property investment in return for citizenship – and an EU passport – continues to attract high net worth non-EU buyers. The Golden Visa scheme in Cyprus is widely considered to be one of the most efficient in the world, with citizenship granted to eligible applicants within months of their application. Undoubtedly, this incentive has impacted positively on the property market since its launch in 2014. The Winkworth Cyprus property experts help buyers of all nationalities invest in Cyprus new build property in order to meet Golden Visa requirements. Read more of our insights into Cypriot citizenship in our Cyprus news section.
3. Discover a bright future
As the ‘European Capital of Culture 2017’, Paphos celebrated its cultural heritage, showed off its breathtaking antiquities and put itself on the map as a truly cosmopolitan city. With improved infrastructure and upgraded public areas, Paphos has raised the profile of Cyprus to more than just a bucket and spade holiday destination. Accordingly, Ryanair has added over 15 new flight routes in and out of Paphos airport this last year, with a new direct flight to Dublin planned for 2018. Cobalt Air has also launched direct flights from Paphos to Moscow and Larnaca to Frankfurt.
A sparkling new villa in the exclusive Venus Rock development, or a stylish Paphos apartment with on-site pool and gym are just 2 of Winkworth’s exceptional new properties for sale in Cyprus. So make a great start to your 2018 by letting us find the perfect property for you.