Off-plan properties in Cyprus set for staggering growth
The attractiveness of high-quality, off-plan properties in Cyprus is one of the reasons it is in high demand among UK investors, according to a media report.
Cyprus Property Magazine has reported that most Britons who are buying a residence on the island are purchasing it before it has been built. Therefore, investors who buy a property could find their assets appreciates in value and are worth significantly more in the future. However, the publication has recommended investors to ensure all the legal requirements and required Planning; Building permits have been met before making a purchase.
Overseas investors are also told to look for bargains. People could still snap up cheaper alternatives somewhere on the island, despite rising property values. A recent report from the Times has stated that the island’s property values start at around £77,000. The house values are 17.5 per cent higher than at the same time a year earlier and the values rose on by 3.7 per cent every month. The figures will be positive reading for overseas property investors as it means that the price of residential property in Cyprus is continuing to increase.
Recently Home Move website has praised Cyprus for offering a strong and vibrant economy, which has led to capital growth in its property market.
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