The Best Places To Buy Low Budget Cyprus Property
Cyprus has been enjoying an upswing in popularity as a luxury holiday destination in recent years. But there are plenty of cheaper property options available if you’re looking to invest in property on the island. In this article, we’ll take you through our selection of the best places to buy low budget Cyprus property, so that you can find the perfect investment or holiday home!
Cyprus Property Types
There are a few different types of property that can be bought in Cyprus, depending on your budget. Here are the three most popular types of property in Cyprus and their corresponding prices:
- Vacation property: This type of property is perfect for people who want to use the property as their primary residence for short periods of time, such as for holidays or weekends. These properties are often rented out full-time and can be quite affordable, costing anywhere from €10,000 to €30,000 per month.
- Guest house: A guest house is a great choice for people who want to live in Cyprus but don’t necessarily need a lot of space. These properties can be quite affordable, costing anywhere from €8,000 to €25,000 per month. They’re also perfect for people who want to stay in Cyprus but only visit occasionally.
- Studio apartments: If you’re looking for something a little more spacious than a guest house, consider an apartment. Studio apartments can range in size from 100 square meters up to 500 square meters and cost anywhere from €8,000 to €40,000 per month. They’re perfect if you’re looking for somewhere to live and work in Cyprus, as most studios offer free Wi-Fi and plenty of storage.
Cyprus Countryside Properties
If you’re looking for a bargain on property in Cyprus, you’ll want to check out some of the countryside properties available for purchase. These properties can be bought relatively cheaply, and many of them come complete with stunning views. If you’re interested in buying a rural property in Cyprus, here are some tips to help make your search easier:
- Do your research – Before starting your search, make sure you have a good idea of what you’re looking for. This will help you narrow down your options and save time later on.
- Check out online listings – One of the best ways to get an overview of what’s available is by checking out online listings. Many estate agents will post their latest properties for sale on websites such as Property Finder and Estate Agents Online.
- Ask around – Another way to find rural properties is to ask around. Many locals know of good deals that they’re not willing to sell outright, so be persistent and ask around!
If you’re looking for a bargain on property in Cyprus, you’ll want to check out some of the countryside properties available for purchase. These properties can be bought relatively cheaply, and many of them come complete with stunning views.
When looking for the best place to buy low budget Cyprus property, it is important to consider each city individually.
Here are five of the best places to buy low budget Cyprus property:
- Limassol: Limassol is a great place to buy low budget Cyprus property because of its central location in the country. This city also has a lot of amenities, such as beaches and parks.
- Nicosia: Nicosia is another great place to buy low budget Cyprus property because of its high population density and access to numerous shopping and entertainment options. Additionally, this city has great public transportation options that make it easy to get around.
- Pafos: Pafos is a small town located on the island of Paralimni and is known for its picturesque harbor and beautiful beaches. This city is also very affordable, making it a great place to start your low budget Cyprus property search.
- Ayia Napa: Ayia Napa is a popular tourist destination located in the northwest part of the island. This city has a lot of amenities, such as golf courses and hospitals.
- Larnaca: Larnaca is located in the southeast part of the island and is known for its beautiful beaches and resorts. This city is also very affordable, making it a great place to start your low-budget Cyprus property search.
Costs of Buying a Property in Cyprus
If you’re looking to purchase a property in Cyprus, be prepared to pay a high price for the smallest properties and a low price for the largest. Properties in the capital, Nicosia, are generally more expensive than those in other cities. However, prices for properties in rural areas and on the outskirts of major cities are much lower.
Although Cyprus is a small country, it has a wide range of prices for housing. For example, a one-bedroom apartment in central Nicosia will cost around €35,000 (£27,000), while a two-bedroom apartment can be had for as little as €12,000 (£9,000). One downside to purchasing property in Cyprus is that there is no property tax. This means that you’ll have to pay the full asking price – no negotiation possible.
Given these costs and limitations, it’s important to do your research before making any purchases. You can find some excellent options by comparing prices and reading reviews from other buyers. Additionally, it may be worth considering investing in a property through an overseas real estate agency. These organizations have access to cheaper properties and can help you make informed decisions about your purchase.
Cyprus is a popular destination for those looking to buy a second home or invest in real estate. However, with prices on the island continuing to rise, it can be difficult to find properties that don’t cost an arm and a leg. In this article, we’ve outlined some of the best places to buy low budget Cyprus property, so you can get the perfect home without spending too much money.