Viewing Trips! - tell me more! - Rental Cash Back Guarantee! tell me more!- NEW !! Members features - Bookmark properties into your own Cyprus-Ideal portfolio - tell me more !  NEW !! Save A Search - Save unlimited property lists and view the latest matching properties at any time - tell me more !    NEW !! Email Alerts - Receive daily alerts on new properties matching your search criteria direct to your inbox ! - tell me more !
home search properties livechat call back

UK FREEPHONE : 0800 081 1969

Famagusta property news

Famagusta in 2006Famagusta once the main tourist resort in Cyprus could soon see a fantastic revival and become a prime property investment hotspot if reunification talks are successful.
This area used to provide 95% of Cyprus`s tourism before the Turkish invasion in 1974, property prices should see an immediate price rises of 10% to 15% upon reunification in our opinion "The island`s Greek and Turkish Cypriot leaders met two weeks ago to make plans to start peace talks in the autumn," If reunification takes place there is a good chance of excellent growth potential.
Land values in this region are significantly cheaper at the moment than on the rest of the southern part of the island. As a result property prices are the best value on the Island The region`s forecast profits are already attracting many investors - typical property prices for a two-bedroom apartment start from £95,000. Rental returns can reach up to 8% in high season, with capital appreciation hitting between 10 and 15%.

Gary Gove of Ideal Property World says" Cyprus offers the best opportunities for buyers looking for an alternative to the Spanish Costas, where in some cases prices have dropped dramatically. The island is changing its image, and both airports Larnaca and Paphos having undergone major rebuilds will no doubt improve customer traffic dramatically, providing a knock on effect on rental potential."