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Overseas Property News
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Cyprusproperty prices rise in Q1 2008
Country: Southern Cyprus
9 May 2008 Average property prices in Cyprus rose by 3.3% during the first three months of 2008, compared with December 2007, despite the worsening global economic conditions, according to the latest BuySell Home Price Index. The average price of a Cyprus property now stands at just over €191,000 (around £151,460), bringing the year-on-year increase to 18.6%. Lisa Chrysostomou, marketing manager for BuySell comments: “The current Cypriot market is looking healthy and offers a promising growth on property prices. We look forward to prices continuing to rise, as Britons discover the financial and lifestyle benefits of owning property in Cyprus.” Editor's comment
Average Cypriot property prices may have appreciated by around €6,000 during the first three months of 2007. But in reality, the cost for Brits buying property in Cyprus has soared by a lot more. The average Cypriot property price of €185,000 posted by the BuySell Home Price Index in December, equated to around £137,000 at the time. The inflated average property price of €191,000, is today equal to almost £151,500, because of the weakened pound against the euro. That’s a hike of almost £15,000. Is now really the best time to buy property in Cyprus? E-mail your views to the editor at mds@globespanmedia.com.
Some properties in Southern Cyprus
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Price: £36,666 (GBP)
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Type: Studio
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2 studio units available, Close Peyia village, Covered area 40 m2, Balcony 10 m2, Pool, Covered parking, Lift, Fitted kitchen. Built year 2008, Coastal & mountains view.
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View details | Enquire further
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Price: £49,116 (GBP)
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Type: Apartment
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Bedrooms: 1
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* Popular location in the Universal area* 1 Double Bedroom * 1st floor * Covered Area 50sq.m * Fully equipped kitchen * Fully furnished * Built 1995 * Title deeds * No Communal Charge * Viewing recommended * only €59,750220
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View details | Enquire further
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Price: € 65,000
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Type: Apartment
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Bedrooms: 2
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Located off Tomb of the Kings Road within 5 minutes walking distance of Sea Front, Supermarkets, restaurants, coffee shops, tavernas etc. Ancient sites, churches, the harbour with its imposing castle and many other exciting places are nearby. 220
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View details | Enquire further
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Price: £65,833(GBP)
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Type: Apartment
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Bedrooms: 2
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*Title Deeds
*350m to Sea
* 2 Double Bedrooms
*Tomb of Kings Area Close to Amenities
* Family Bathroom
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View details | Enquire further
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Price: € 69,000
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Type: Apartment
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Bedrooms: 1
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An excellent ground floor apartment , few years old , in the tourist area of the Tombs of the Kings , fully furnished , close to all the amenities , restaurants , bus stops , hotels , bars , to the beach .
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View details | Enquire further
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Price: € 70,000
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Type: Apartment
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Bedrooms: 2
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A fully furnished 2 bedroom apartment located in Kato Paphos. The property is 27 years old , is on the 4th floor ,there is no lift , has a wonderful sea views and is within walking distance to the beach and all amenities.
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View details | Enquire further
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Price: £70,833 (GBP)
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Type: Apartment
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Bedrooms: 2
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Excellent 2 bed apartment in Tomb of the Kings area of Paphos, close to all amenities, title deeds included, 84m2 covered area,3rd floor, lift, balcony, communal pool, parking, solar water heating, shutters , furnished! 220
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View details | Enquire further
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Price: £74,166 (GBP)
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Type: Apartment
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Bedrooms: 2
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2 bed townhouse in Tomb of the Kings area,
Large lounge/ Dining area<
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View details | Enquire further
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Price: CY75,000
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Type: Apartment
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Bedrooms: 2
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Description: Key features:
· In one of the south’s most sought after areas
· Just a 10-minute drive to Ayia Napa, Protaras and Paralimni
· Spectacular sea views
· All amenities close by
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View details | Enquire further
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Price: CY75,000
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Type: Apartment
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Bedrooms: 2
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Description: Key features:
· In one of the south’s most sought after areas
· Just a 10-minute drive to Ayia Napa, Protaras and Paralimni
· Spectacular sea views
· All amenities close by
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View details | Enquire further
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