Famagusta is growing year-on-year
The coastal towns of Cyprus are an ideal spot for property-hunters seeking an affordable holiday home, it has been claimed.
Overseas investors wanting to buy property abroad should have Famagusta top in their list, particularly Protaras, Paralimni, Cape Greko and, perhaps the most infamous, Ayia Napa, According to experts at The Overseas Guides Company.
Famagusta is capital of the Famagusta district in the east coast of Cyprus. It is located in a bay between Capes Greco and Eloea, east of Nicosia and possesses the deepest harbor in the island. Famagusta is one of the finest examples of mediaeval architecture in the eastern Mediterranean. The new town (also known as Maras or Varosha) lies just to the south of the walled old-city of Famagusta.
As a seaport, Famagusta is a center for the export of agricultural products and livestock; other major economic activities include cotton spinning, the distillation of brandy, and fishing. The resort is packed with tourists not only during summer, but all through the year as its friendly pace of life through the colder months attracts tourists.
This is likely to be welcomed by owners of rental accommodation in the coastal town, as the season in which they can potentially have tenants in Famagusta is growing year-on-year.
According to the Cyprus mail, Ayia Napa is another coastal village on the southeast of the island, has less than 1000 citizens but during the summer months it sees the arrival of approximately 10,000 tourists and has built up a reputation as a wild party-town. The town is also likely to attract more interest from retirees who wanted to spend their post-working life overseas.
Kim Brown of The Overseas Guides Company commented: “This extended season, coupled with prices far lower than areas such as Paphos, and the warm weather, local food and improved way of life makes Famagusta in Cyprus a great consideration for anyone looking to purchase property abroad.”
Popularity: 38% [?]
