Buying cheap real estate in Cyprus, where prices have fallen by more than 50%, seems to be a reasonable solution. It was 2019 that became a triumphant year for those buyers who know how to wait, hope and believe!
In comparison with the Black Sea coast of Russia, where prices are breaking records on the eve of the Olympics, rushing faster, higher and stronger, the market of this picturesque island offers a large selection of cheap real estate in Cyprus.
The resort town of Paphos is the leader in the number of cheap real estate for sale in Cyprus. Prices for apartments here start from 50,000 euros. This city, thanks to its unique location and beautiful beaches, is especially popular among respectable people looking for privacy, tranquility and privacy.
Apartment by the sea
Compared to the bustling Limassol and Ayia Napa, Paphos is a fairly quiet, cozy place with wonderful beaches and a mild Cypriot climate. In Paphos, the infrastructure is extremely well developed, there is everything for a comfortable stay. Many residents chose Pathos taking into account the high quality of medical care and prestigious international schools.
Located 12 km from Paphos, the town of Peyia is located very close to the famous Coral Bay. Here buyers are offered a choice of apartments, villas and townhouses in newly built residential complexes costing from 45,000 euros. Villas and townhouses are offered much more expensive than apartments, but it is worth considering that their cost also includes the cost of the land plot.
The myth that the costs of maintaining real estate in Cyprus are prohibitively high has long been debunked by practical Englishmen. The utility bill for an apartment with 2 bedrooms will not exceed 150 euros per month. This is subject to permanent residence in an apartment of up to 4 people.
This amount, in addition to the water and electricity consumed by residents, includes cleaning of the complex, maintenance of swimming pools, gardener services, lighting of the parking lot and the common area, lawn watering and daily garbage collection.
If the property is purchased for recreation, and not permanent residence, then these costs are reduced significantly. Plus, additional income from renting out real estate is possible.
These factors, as well as the numerous advantages of living and relaxing in Cyprus, require a close look at the Cyprus market. Especially now, when there are more than enough offers of cheap real estate in Cyprus. It remains only to choose and enjoy a bargain purchase!
