Cyprus apartments cheapest in Europe
Properties investors are attracted to Cyprus as Apartments in Cyprus are among the cheapest in Europe and prices are on the rise while those who have already invested in properties reaping the rewards of inflation in house prices.
The Global Property Guide assessment of apartment prices in just about 50 cities in Europe, and revealed that Limassol’s average apartment rent per square meter is just 2,167 when compared to an average rent per square meter is 24,9000 in Monaco this is incredibly cheaper.
Still, the study found that rental yields in Limassol are comparatively profitable to those in Monaco with 4.38 per cent in Limassol surpassing the 2.43 per cent in Monaco.
Residential house prices in Cyprus picked up the pace during 2007 according to the results from the Buy Sell Home Price Index, rising by 19.2% for the whole year compared with 6.6% in 2006 and main reason referred to for the acceleration in house prices this year has been the anticipation of VAT on residential land.
Popularity: 38% [?]
