Why is property investment in Cyprus so attractive?
When you buy property in Cyprus, you will be generating continuous and passive monthly income, or yield sizeable profits on the buying and selling market. As Cyprus continues to grow, your passive income will grow as well. Statistically, rental returns on property in Cyprus are around 4.7% to 5.6%, almost double the yields of cities like London, New York and Hong Kong.
During the year 2019, the Cyprus residential property price index rose by 4.3%. This was the biggest annual rise since 2008. This is positively affecting the market, as during the first half of 2019, property sales in Cyprus rose by 24.4% compared to annual rises of 5.8% in 2018, 23.7% in 2017 and 42.6% in 2016.
The advantage of property investment, over bonds or equities, is that your investment is a tangible thing. You aren’t just creating an opportunity for great return, you’re also creating a home that is very likely to increase in value over time and diversifying your portfolio. It also means that, if you’re letting out a villa, you’ll have a low-cost and simple holiday destination to visit, too.
Diverse locations like the small town of Polis or the ever-growing and popular tourist hubs like Coral Bay, Paphos, South Cyprus, Larnaca and Limassol are the perfect range of places to start your Cyprus property investment. As the tourist industry booms, more and more people are seeking out the best property finders in Cyprus to discover the best listings on the property market.
But why should you speak to Centasource?
So, you’ve decided that the Cyprus property market is a great investment and acquiring a property for sale in Cyprus is your next move? Here at Centasource, we only work with a carefully selected network of developers that have several years’ experience with proven track records in quality and punctual delivery. The properties that we source offer excellent rental returns with high capital appreciation. But, most importantly, we take risk seriously. An immense effort from our team goes into due diligence prior to any investment. This means that your investment decisions are safe with us, as a trusted and reputable company that cares for you and your investments.
Contact us here at Centasource now for access to the best Cyprus property agents and deals in Cyprus.