8509 Magazine - 2024 edition - Magazine - Page 81
of working on many such projects in
recent years and are happy to share
these with you.
Advice
Buying your dream property in Cyprus can
be a simple process but it is important to
work with a reputable, licenced property
company that have good local knowledge.
The Cyprus land registry system, which was
set up by the British, includes safeguards
to protect you and your purchase. The
property contract will be in English and
if you have any queries, ask your lawyer
for clarification. Lawyers tend not to work
on an hourly rate here so feel free to ask
questions if you need to!
Mortgages
The Cyprus banking system has gone
through a period of transformation
and most high street banks are offering
mortgages and loans once again.
However, it is still difficult to achieve
a Loan to Value of more than 70%. We
have contacts at the local banks if you
need further information or a referral.
When it comes to location, there is
nowhere in Cyprus like Aphrodite Hills.
There are many excellent investment
opportunities to be had on resort by
purchasing new or resale properties. The
new build properties are in demand as
they offer wonderful views and a high spec
build in premium locations, but you do end
up paying a premium for these.
aphroditerentals.com
Holiday rentals on the Resort depend
on the size, location and specification
of the property. Holiday rentals can be
achieved throughout the year, with the
busiest time being during European
school holidays and peak from July
– August in high summer. These are
exciting times for the Cyprus property
market, specifically on Aphrodite Hills
with good investment opportunities
coming up all of the time. If you enjoy
the lifestyle here on the resort, why not
invest in a property and become a part
of the adventure? Our MD, Mark would
be happy to sit down and have a coffee
with you to provide you with further
information on property renovation/
investment on resort and the rental
opportunities if you are interested.
Resale properties are available in some of
the most sought after locations on resort
that provide the perfect opportunity to
renovate to your own taste or style. Thanks
to recent planning laws that encourage
such activities you are able to extend
properties too, adding extra bedrooms
and living space if the covered co-efficient
allows, increasing the value of the property
in the process. We have had the privilege
For property sales, we recommend
Galaxia Estates as they have excellent
knowledge of the resort and over 30
years' experience in real estate. Contact
Martin on +357 99 813 821 if you wish
to discuss any of your property sales
needs. He can point you towards the
best buys and give you the latest low
down of the property market on the
resort and surrounding area.
The Independent option on Aphrodite Hills since 2003
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