Finding An Apartment For Sale In Cyprus
- Date: 2007-09-25 - Word Count: 824
Share This!
Finding an apartment for sale in Cyprus either for investment or as a holiday home could be one of the most exciting enterprises the average person ever engages in. Therefore many folks tend to get carried away with the prospect of owning their first Cyprus property and dive in without doing their essential research first. Some are real lucky and find all the right professionals the first time around which makes the whole process go smoothly without any kind of drama at all. For many others however this is not the case and their Cyprus apartment dream turns into a property nightmare.
When most Cyprus property developers offer you an apartment for sale in Cyprus the chances are that you will be buying "off plan". In other words they will want to have most of the properties sold and the deposits in the bank before the footings are even dug. There is nothing sinister or illegal about this method of selling real estate in Cyprus in fact it is the norm. The up side is that if you buy from a plan there is a good chance that even before you take delivery of your brand new Cyprus apartment it's value will have increased. However there are some things you should check out first.
There have been several cases where buyers of Cyprus apartment properties have paid a premium price for a sea view or an unobstructed countryside backdrop only to find that another Cyprus developer builds an apartment block right on their doorsteps. Whilst it is almost impossible to foresee what future developments may or may not be built in the area around a prospective development in Cyprus there are certain steps you can take to minimize the risk of losing your panoramic view of the sea or mountains.
The important thing that cannot be stressed enough is don't dive in! With the best will in the world many Cyprus property sale agents will be under pressure to sell new developments off plan. This means you are going to hear things like, "this is the last one at this price" or "only a few left". These Cyprus property agents are most often paid on commission only so they need to sell property and they need to sell it to you! Don't allow yourself to be pushed into making a quick decision about one of the biggest financial commitments you may ever make outside the purchase of your own home.
Cyprus is a big Island and it is in the throes of a huge property boom that looks set to continue for quiet some time to come. There will always be another Cyprus apartment or villa on offer at a great price if you keep looking. In fact there are new developments coming onto the Cyprus property market almost every day and a huge number of nearly new resale properties too. Don't close off your options by looking at only new Cyprus development properties because many of thses resale apartments have never even been lived in. They were purchased off plan by Cyprus property speculators who now need to cash them in and move on to the next development. These people are know as "motivated sellers" because they need to sell to reinvest which is great news for the prospective Cyprus property bargain hunter.
Another possible advantage of buying a resale Cyprus apartment or house is that most of the surrounding development may be complete so what you see could indeed be exactly what you get including that panoramic view. Check out the view and then get your hiking shoes on for a look at the lay of the land. Pick a few points of reference from your balcony then go and check out whether or not that picturesque Cyprus outlook is likely to be obstructed by possible building in the future. If most of the land already has property on it and your view is unobstructed there's a strong possibility it will remain that way for a good number of years to come. Empty plots such as farmland on the other hand are potential building sites for other Cyprus apartments or villa complexes.
Cyprus is indeed a beautiful Island and a great place own a villa or apartment which will give you and your family many years of enjoyment in the sun. Property has always made a sound financial investment and a Cyprus apartment or private villa is sure to appreciate in value over the years. If you are considering purchasing a holiday home in the sun perhaps you should take a look at all that Cyprus has to offer holiday home owners or property investors of all kinds. With a great climate, friendly people and a laid back lifestyle maybe it's time you looked into finding an apartment for sale in Cyprus.
Kevin Moore operates several Cyprus websites dealing with all aspects of Cyprus property and holidays in Cyprus so why not take a look for yourself at
When most Cyprus property developers offer you an apartment for sale in Cyprus the chances are that you will be buying "off plan". In other words they will want to have most of the properties sold and the deposits in the bank before the footings are even dug. There is nothing sinister or illegal about this method of selling real estate in Cyprus in fact it is the norm. The up side is that if you buy from a plan there is a good chance that even before you take delivery of your brand new Cyprus apartment it's value will have increased. However there are some things you should check out first.
There have been several cases where buyers of Cyprus apartment properties have paid a premium price for a sea view or an unobstructed countryside backdrop only to find that another Cyprus developer builds an apartment block right on their doorsteps. Whilst it is almost impossible to foresee what future developments may or may not be built in the area around a prospective development in Cyprus there are certain steps you can take to minimize the risk of losing your panoramic view of the sea or mountains.
The important thing that cannot be stressed enough is don't dive in! With the best will in the world many Cyprus property sale agents will be under pressure to sell new developments off plan. This means you are going to hear things like, "this is the last one at this price" or "only a few left". These Cyprus property agents are most often paid on commission only so they need to sell property and they need to sell it to you! Don't allow yourself to be pushed into making a quick decision about one of the biggest financial commitments you may ever make outside the purchase of your own home.
Cyprus is a big Island and it is in the throes of a huge property boom that looks set to continue for quiet some time to come. There will always be another Cyprus apartment or villa on offer at a great price if you keep looking. In fact there are new developments coming onto the Cyprus property market almost every day and a huge number of nearly new resale properties too. Don't close off your options by looking at only new Cyprus development properties because many of thses resale apartments have never even been lived in. They were purchased off plan by Cyprus property speculators who now need to cash them in and move on to the next development. These people are know as "motivated sellers" because they need to sell to reinvest which is great news for the prospective Cyprus property bargain hunter.
Another possible advantage of buying a resale Cyprus apartment or house is that most of the surrounding development may be complete so what you see could indeed be exactly what you get including that panoramic view. Check out the view and then get your hiking shoes on for a look at the lay of the land. Pick a few points of reference from your balcony then go and check out whether or not that picturesque Cyprus outlook is likely to be obstructed by possible building in the future. If most of the land already has property on it and your view is unobstructed there's a strong possibility it will remain that way for a good number of years to come. Empty plots such as farmland on the other hand are potential building sites for other Cyprus apartments or villa complexes.
Cyprus is indeed a beautiful Island and a great place own a villa or apartment which will give you and your family many years of enjoyment in the sun. Property has always made a sound financial investment and a Cyprus apartment or private villa is sure to appreciate in value over the years. If you are considering purchasing a holiday home in the sun perhaps you should take a look at all that Cyprus has to offer holiday home owners or property investors of all kinds. With a great climate, friendly people and a laid back lifestyle maybe it's time you looked into finding an apartment for sale in Cyprus.
Kevin Moore operates several Cyprus websites dealing with all aspects of Cyprus property and holidays in Cyprus so why not take a look for yourself at
Related Tags: cyprus property, cyprus real estate, apartment in cyprus, apartment for sale in cyprus, cyprus property developers, cyprus resale property
Your Article Search Directory : Find in Articles
Recent articles in this category:
- 5 Reasons to Buy Jasper Real Estate
Jasper is a small town in North Georgia and it is growing rapidly. Since North Georgia Foreclosures - Ellijay Real Estate
Ellijay Georgia has always been known for it's outdoor activities and seasonal festivals. Downtown E - How to Deal With Blocked Drains
A blocked drain is an occurrence that happens eventually to all households. You may have experienced - The Benefits of Hiring a Plumbing Consultant
Your dream home may not always be brand new, with fresh paint and home essentials. There are certain - The Worst Mistake You Can Make When You Apply to Rent a Home
A whole new class of people has become renters and potential renters in America during the last thre - State of Individual Real Estate Markets
Everybody is well aware of the hit that the real estate market has taken over the past three years. - Thoughts on Avoiding the Landlord Trap
I've heard several people say they would never invest in a multifamily rental property because they - An Idea to Increase the Bottom Line of Your Investment Property
Are you pretty sure that you've already maximized the income coming from your property? If you've cl - Finding the Value of a Piece of Investment Real Estate
There is a lot of confusion about how much investment property is really worth. We'll look at three - Arkansas Land For Sale - Search Engine Optimization and Your Website
If you have Arkansas land for sale and are interested in advertising it on your website I have a few
Most viewed articles in this category:
- How High Did Home Prices Really Go
The U.S. Census Bureau released data on Tuesday that revealed where the nation's hottest markets wer - New Homeowners Tips for Household Safety
With so many items on their ¡°buying a home¡± checklist, few homeowners take into considerati - Truth About VA Foreclosures
Many people now days are finding themselves out of work and not being able to make the mortgage paym - Avoid Rookie Real Estate Investing Mistakes
When Robert Kiyosaki, author of the Rich Dad book series, bought his first property he was, of cours - Finding The Perfect Roommate On Craigslist
Craigslist, Roommates, and The Concerns Craigslist is "great" when it comes to looking for housing - The Forgotten Secret To Selling Property - Simple, Quick And Cheap
Why spend big dollars trying to get people to drive a long way to see your house, when your best pro - Get Amazing Results Selling Real Estate Online
This is the age of the internet. Why not take advantage of the widespread use of the internet to ad - Dallas Real Estate Information
In the United States, Dallas is considered as the second leading state according to the area. If any - The Largest Private Equity Indian Real Estate Deal
In the largest private equity deal won by the real estate sector, Morgan Stanley Real Estate has inv - Fractional Real Estate Ownership
Fractional ownership of vacation ski condos is growing in popularity. Park City Utah a popular ski t