In Cyprus, there are decent options for resale house. Buying an inexpensive apartment in Cyprus is very profitable both for your own residence and for renting. Cheap accommodation in Cyprus, as a rule, is sold in very good condition or needs reconstruction, but is located in a convenient location, surrounded by a picturesque object or near the sea.
Buying property in Cyprus cheaply means investing profitably. We also want to be a profitable travel business. Real estate in Cyprus to receive passive income by renting it out. Businessmen believe that this can be a reliable and profitable way.
Who is buying lowcost property in Cyprus?
Housing options attract many investors, but we recommend
– Those wishing to rent cheap apartments in Cyprus. This is an easy way to quickly make a profit from real estate investments, because even the most inexpensive housing on the island is of very good quality and will be in demand for rent for both short and long term;
- who want to invest in repairs. Despite the high quality of construction, cheap real estate in Cyprus often needs repairs. We are talking about redecorating, compensation for which may be an excellent location of housing and developed infrastructure in its environment;
- who want to buy property in Cyprus inexpensively for temporary or permanent residence. Small apartments or studios are suitable for them, and the smaller the area of Cyprus housing, the lower its cost;
- who want to live by the sea, but not having sufficient financial resources to instantly purchase expensive housing or arrange a mortgage. You can buy a house in Cyprus inexpensively, which will be much cheaper than housing in resorts, and enjoy all the charms of the island. Or a small apartment that is chosen by many who wish to move to Cyprus from the CIS countries.
What is the price tag of lowcost apartment or house in Cyprus?
The price tag of real estate in Cyprus depends on the area, type of house, its condition and, of course, on the location of the property. The cheapest real estate in Cyprus is in Paphos, where you can buy an apartment at a price of 1,666 euros per m² in the beautiful area of Peya. This is a comfortable studio with an area of 30 m², the cost of which is 50,000 euros. And this housing with all amenities, located in a picturesque landscape. In Limassol, you can buy property in Cyprus cheaply at 2500-3000 euros per m², there are also options for old housing requiring reconstruction, the cost of which is from 2000 euros per m².
