5 hot regions for property for sale in Cyprus

Cyprus was divided in 1974 after a dispute between Greek Cypriots and Turkish Cypriots, making the south of the island the only viable area for property investment for many years. Now, as the two sides are ready to undergo an historic re-unification process, North Cyprus is set to become a very profitable hotspot for overseas investors and, quite possibly, the site of the next European property boom.

Investors considering property for sale in Cyprus would be prudent to make their investments before the re-unification process is completed. As the final agreement draws near, property prices and rental yields are predicted to soar as tourist levels are set to rise further. Currently, around 433,000 tourists visit North Cyprus each year, but this is expected to rise considerably in the aftermath of re-unification, as the area will be made more accessible with flights direct into Ercan airport. As a further incentive, the North Cyprus government has removed Inheritance Tax and every household is exempt from Capital Gains Tax on the sale of one property.

North Cyprus experiences an average of 320 days of sunshine per year, making it the perfect place those looking for buy-to-let investments. The south is already established as a great opportunity to acquire property for sale in Cyprus, but where are the emerging hotspots on the island as a whole?

Starting in the south, Limassol is a real haven for holidaymakers, offering the peace and quiet of the countryside, just a stone's throw from spectacular beaches. The town itself is a real mixture of ancient and modern, combining great shopping facilities, fine dining and outdoor activities with street markets, traditional festivals and rustic restaurants. Limassol has also completed a state-of-the-art marina, offering everything for boat-owners and yachtsman alike. The biggest and most important tourist area in the south, Limassol provides ample opportunity for the serious investor.

The prospects offered by Paphos are thanks to its being the favourite choice of relocating Britons, Scandinavians and Russians. Areas such as the Aphrodite Hills offer unrivalled golf courses and a host of outdoor pursuits, while the stunning coast is home to many luxury villas and apartments. As well as a plethora of areas of historical interest, Paphos has also recently opened its own international airport, making it easily accessible for tourists and those wishing to establish a new home.

Esentepe, in the north, has become a village of some note – again thanks to people deciding to relocate there. It is an idyllic coastal retreat that has its own schools, shops, police station and doctor's surgery. In addition to these amenities, it offers crystal clear waters and sun-drenched beaches that are overlooked by a pine-covered mountain range. This village offers great potential for buy-to-let to tourists, as well as property sales to those wishing to relocate.

Tatlisu, again in the north, offers an untouched coastline with breathtaking beaches and coves. It offers magnificent views from its cliff tops and is a point of important Neolithic archaeology, attracting tourists and culturists alike. More importantly, in investment terms, it is located just 30 minutes from Ercan, making it easily accessible and sure to be a big draw in the wake of re-unification.

Karakum has become very popular in recent years with English tourists buying second homes. It is a busy little village, surrounded by popular beaches and has a wealth of restaurants and bars that support its vibrant night-life. Importantly, Karakum is close to the new Girne shipping harbour and the town of Girne-Kyrenia, both attracting overseas investment as sites for new industry.

Cyprus seems to have settled its internal turmoil and re-unification looks to establish the island as one of the most important property sites in the years to come.

Article Source: http://www.marketingarticlebank.com

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