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Off Plan Investment Properties in Cyprus from CYPŁ26,950 by Investors Provident
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Added: 09/14/2004
Type: Summary
Viewed: 1085 time(s)
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Off Plan Investment Properties in Cyprus from CYPŁ26,950 by Investors Provident
September 14, 2004 -- The third largest island in the Mediterranean with an area of 9,251 square kilometres, the country of Cyprus encompasses citrus and olive groves, pine-forested mountains, and some of Europe’s cleanest beaches. An island of great scenic beauty, with its intriguing history and mythological wonders, Cyprus is a country with characters and traditions all of its own.
The climate on Cyprus is typically Mediterranean, with long dry summers and short, rainy winters. The average annual temperature is 19°C, but in summer, it can reach over 40°C. Cyprus boasts an average of 340 days of sunshine a year, making it a prime holiday destination all year round.
The capital of the country, Nicosia, lies at the centre and is the administrative post and the seat of government. Limassol lies on the south coast of Cyprus and is the country’s second largest city. Lanarca in the south east is one of the oldest cities in the world, but also has a modern tourist centre with good shopping facilities. The tourist capital of Cyprus with mild climate and beautiful countryside, Paphos has attracted visitors to this south-western coastal town throughout history.
The property market in Cyprus has boomed in the last three years, and is set to continue as the country realises the fruits of joining the EU. Becoming increasingly popular with Brits after Spain and France, properties here offer excellent value for money. An average two bedroom apartment in Paphos costs CYPŁ65,000 (Ł77,000), and a two bedroom holiday villa will set you back CYPŁ130,000 (Ł154,000). Limassol is relatively cheaper with two bedroom apartments averaging CYPŁ55,000 (Ł65,000), and two bedroom holiday villas from CYPŁ110,000 (Ł130,500)
Investors Provident’s latest off plan release lies in Peyia, a whitewashed village with the most photogenic stretch of coastline to the north west of Paphos, and about 5km south west of the famous Coral Bay resort. Walking along the pine-scented streets of Peyia, it's easy to see where the development “Pine Village” gets its name from. The project consists of 45 apartments, including studios, 4 x 1 Beds and 4 x 2 Beds in a building that is 3 storeys high. All apartments offer dynamic sea or mountain views and cover an area from 377 sq ft to 977 sq ft.
The architecture of Pine Village includes external verandas, made of natural stone and wood. The high standards will be evident both inside and out. From the private parking areas to the tiles, roofs and stone made steps, each unit will present a charming combination of modern design combined with traditional aesthetics. Lush landscaped gardens will surround all areas of the development.
With apartments starting from an amazingly low price of CYPŁ26,950 (Ł30,625), investors will also benefit from a long build time of approximately 18-24 months. CYPŁ1,000 secures a plot in this off plan development with a further 30% deposit payable upon exchange. With property prices steadily rising, Pine Village offers investors today an excellent opportunity to own a piece of their own Mediterranean land in the sun.
For more information, please contact
Investors Provident
Tel: +44 870 1999 859
Web: http://www.investorsprovident.com
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