Limassol in Cyprus is a great place for a holiday which may explain why so many people are buying property in the area. With a huge choice of luxury villas and apartments in a varied range of locations Limassol is perfect for that place in the sun. Whether you want the convenience of all that the resort has to offer or the tranquil setting of a village there will be a property that’s just right for you. Situated about halfway along the West coast of Cyprus within sight of the Troodas mountains Limassol offers the best of both worlds for the prospective property buyer. Prices in the area are still quite reasonable compared to places like Paphos further along the coast but like all good things that could soon change.

The attractive thing about limassol is that it is far more than just a great holiday resort. The port puts the town squarly on the Cyprus map as a thriving commercial center with most of the Islands imported goods arriving there. There is a bustling commercial area to rival the capitol Nicosia and the town continues to develop at a heady pace. Having said that your are never very far away from the beautiful Cyprus countryside with its traditional villages where life continues much like it has for decades. Of course even most of these outlying areas have a modern infrastructure of shops, banks and a busy square. As Cyprus developers have turned their attention away from the more expensive coastal areas these villages have become ripe for holiday property too.

Another attraction for the prospective buyer is the towns location and its accessibility from the rest of the Island. Thanks to the modern motorway network the capital Nicosia is less than an hours drive away and the coastal section links all the main resorts too. Days out in the beautiful Troodas mountains are also right on the towns doorstep should you need a break from sun, sea and sand for a while. In fact even some of the villages in the mountains have seen new development recently. Limassol offers an everything in one place culture of a big city but there are also plenty of quite suburbs within walking distance to the sea and resort center.

Cyprus property is still in fairly high demand which will possibly fuel rising values for some time to come. However property in Limassol continues to represent good value for money especially two bedroom apartments with communual pools. These units are great for investors and holiday home purchasers alike looking to get themselves onto the Cyprus property ladder. The other great news is that the Cyprus holiday rental market is going from strength to strength too. This as led to many Limassol apartment and villa purchases becoming self financing projects for their owners. Even after taking mortgages into account buyers are finding that Cyprus holiday rentals are funding the total cost of their Limassol property investments.

Whilst peoples holiday habits continue to move from traditional package tours to “self build” packages this Cyprus rental market looks set to keep expanding. Limassol is ideal for family holidays so it follows that there will be an increased demand from the private rental sector in the area too. In fact many buyers are buying that home in the sun early and then renting it out until they are ready to retire in the sun. By then of course there is a good chance that all those Cyprus holiday rentals will have paid for the property anyway. The other upside is that buyers can purchase before prices rise any further thus increasing the value of their investment even further. If you are thinking of buying that place in the sun it may be well worth taking a look at Cyprus limassol property.

By: Kev Moore
Home In Westchester County

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