Most people looking to invest in Cyprus are agreed that property makes great sense both in capital growth and in terms of rental returns. Property in holiday destinations such as Cyprus probably makes even more sense due to the high value holiday rental market. This market has taken off in the last few years due in the main to peoples evolving holiday habits and the growth of the internet. Now folks can instantly compare prices of like for like flights, accommodation and car rentals. This has led to a large proportion of holiday makers shunning the traditional package tour in favor of building their own holiday package. Part of this package now tends to include a luxury apartment or even a private villa with it's own pool. Great news for those who have been shrewd enough to invest in Cyprus property either for full or part season holiday lets.
When it comes to making a decision about Cyprus property investment many would be buyers are put off by the idea of borrowing against either their primary residence, the Cyprus property or even both. However if they were fully aware of just how viable Cyprus holiday rentals can be they would realize that many investment projects can even be self financing. With the continuing upward trend in property prices on the Island an apartment or luxury villa still makes sound investment sense. In fact many buyers of Cyprus property including houses and villas on holiday resorts are finding that there is also a thriving long term rental market too. An increasing number of British families and retired couples are opting for the flexibility of renting a Cyprus house rather than purchasing one on a mortgage. Then once they are settled on the Island the rental contract gives them the flexibility to invest in a Cyprus property themselves that is ideal for their needs.
The tried and tested way to invest in Cyprus property is of course to purchase a house or luxury villa off plan. Then once the development is nearing completion the Cyprus property speculator will sell the unit on at the current market value. This type of investment of course always works better in a rising market and people with money to invest in Cyprus property have made some huge profits over the last few years or so. The other neat trick is to utilize the lucrative Cyprus holiday rental market whilst awaiting a buyer and make an even stronger return on the original investment too. With so much development going on in Cyprus those looking to invest in property won't have to look to far. The other good news is that Cyprus developers need to sell houses so they are likely to be open to negotiation and investors should never be too shy to make an offer.
Even those looking to invest in their own Cyprus apartment or villa stand to see an attractive growth in their initial outlay. With years of holidays in the sun for themselves and their families all they need to do is sit back whilst Cyprus property values continue to increase. The investor then always has the option to rent the property out should they no longer wish to use it themselves for holiday purposes. With Cyprus's entry into the European Union the Island's economy continues to flourish and prices of villas or apartments look set to keep on rising. If that isn't all the encouragement buyers need then it is unlikely they will ever pluck up the courage to invest in Cyprus property.