If you’re thinking of buying that place in the sun you’ve always dreamed of, perhaps you should take a look at the beautiful island paradise of Cyprus and at Private Property in or around Paphos. Paphos in Cyprus is the only resort on the west coast of the islands that remains open during the winter months. That is if daytime lows of 16°C count as any kind of winter. In fact, while other parts of Europe like the UK are shivering below freezing, Cyprus is comparatively pleasant. The clear Mediterranean Ocean stays warm enough for swimming well into November most years and there aren’t many days when it’s not warm enough to wear short sleeves. Sure, temperatures drop at night during Cyprus’ short winter, but it’s still much warmer than England. Perhaps this mild climate is one of the reasons why so many Brits are buying property in Paphos and settling there, especially many retired couples. Cheaper utilities and the general cost of living in Cyprus are just some of the things that continue to draw home buyers to the island.
Cypriots are among some of the friendliest you could hope to find anywhere. His outgoing attitude isn’t just something put to the benefit of the money-spending tourist, it’s just the way he is. Don’t be surprised if, once settled in, your Cypriot neighbors insist that you join them and the whole family for dinner or a social evening. Island lifestyle is very laid back even in the larger resorts and Pahos is no exception. Family life is important to locals and dinners together can be a major event involving many of your family members. With most of the cooking and eating done outdoors, barbecues are the order of the day and Cypriots are masters of the art. In fact, it could be argued that, at least during the summer months, the only activity indoors is sleeping. Then again, some people even do that outdoors during the long, hot summer months.
Property in Paphos is ideal for both investors and those looking for a property for themselves, perhaps to use as a holiday home or permanent residence. With new developments springing up all over the Paphos area, buyers are literally spoiled for choice. Buying an off plan property in Cyprus makes a lot of sense. Chances are, as prices continue to rise, your new luxury villa or apartment could have increased in value before you even moved in. In fact, many astute investors have made a handsome profit from Paphos property in this way in recent years. There are also many resale properties making their way onto the market as people move elsewhere in larger homes or decide that living abroad is not for them and move back home. These Paphos resale properties are often what are termed ‘motivated sales’ to the extent that the owners want to turn them over quickly for one reason or another. In these cases, buyers with arranged financing are in a strong position to acquire a property on offer in Paphos.
For those looking to ‘get their toes wet’ before making a wholesale move to Cyprus, renting Paphos property can be a convenient option rather than buying outright. Thanks to the continued development boom on the island, there are plenty of cheap apartments and houses to rent and Paphos is no exception. The rental market on the island is fairly self-regulated by median wages, aside from properties that are rented out to tourists, of course. The cost of renting in and around Paphos is substantially lower than what you’d expect to pay in the UK. Note that you won’t find as many houses or apartments for rent in England with a swimming pool and the benefit of 320 days. of sun every year! So if you want luxury, sunshine and a relaxed lifestyle, perhaps you should seriously consider investing in a property in Paphos.