Property Locations

Larnaca

Larnaca is the most well know city in all of Cyprus. Yet somehow, the city is able to maintain a quiet, laid back style atmosphere year round. As one of the oldest, established cities in the world, there is plenty of ancient historical facts to explore upon visiting the city. The beautiful sunny coastline is blanketed by a Palm Tree Promenade that further accents the scenic landscaping. Maintaining a central location on the island makes Larnaca easily accessible by other portions of Cyprus. The capital city of Nicosia is a mere 60 km away. Other cities such as Limassol and Paphos are no more than 120 km away.

Property types available here are apartments, town homes, detached and semi-detached houses, and bungalows. Price depends greatly on what property location is selected. 2 bedroom 2 bath apartments in Larnaca start around CY £ 39000 in a village location. Apartments of a smaller size 1 bedroom 1 bath in the city limits can run upwards of CY £ 57000.Village locations in Larnaca have seen a recent boom in housing developments. Apartments here built within 2006 or 2007 start around CY £ 70000 for a 1 bed 1 bath with access to a community pool.

Simple 2 bedroom 1 ½ bath town homes start around cy £75000 and go up to cy £98000 for 2 bedroom 2 bath settings. These can have a coastal or village location. Suburb homes have an asking price of cy £91000 for 2 bedrooms and 1 ½ baths. Detached houses situated in the village start at cy £108000 for 2 bedrooms and 1 ½ baths. Semi-attached houses in the same area start at approximately the same price for an extra full bathroom.

Moving up to high end real estate in this area adds bungalows to the property option mix. These properties start at cy £201250 for 3 bedrooms and 2 ½ baths. Other properties range from cy £150000 for a semi-detached 3 bedroom, 2 ½ bath house to cy £1250000 for a lavish detached home featuring 4 bedrooms, 4 bathrooms and private pool in some cases. Many of the property developments in the high end market are showcased in display models only. Once a purchase contract is set, construction on the homes begin.

Larnaca Business Property

In addition to residential properties, Larnaca offers a wealth of business properties on the market. These range from one room office spaces to storefront properties on busy street fronts. A small shop in the town square is on the market for cy £50000. A business ready commercial property carries an asking price of cy £65000. Office space typically starts around cy £98000.

Larnaca Investment Property

Larnaca is one of the hot spots in Cyprus. For that reason, the area is catching the eye of investors as well as holiday travellers. This has resulted in a massive expansion of investment property available in the area starting with the beautiful coastline. Here property options start out with 2 bedrooms, 2 bath apartment homes for cy £125000. A slightly larger 3 bedroom 2 bath unit has an asking price of cy £185000. Moving up to a single housing unit, there are 2 bedroom, 2 ½ bath detached houses on the market starting at cy £190000. Adding an extra bedroom bring the prices up to cy £290000. The extra feature here is a private pool. The coastline area also offers up investment opportunity in parcels of undeveloped land. A 17394 sq meter property piece has an asking price of cy £3300000.

Other investment opportunities in this area are presented in village locations. Here there are properties such as a 4 bedroom, 2 bath apartment housing that is separated into two different units. The asking price for this setting starts around cy £300000. A single 2 bedroom, 2 bath apartment unit for cy £145000. A tremendous investment opportunity presents itself in a 1345 sq meter parcel of undeveloped land that is on the market for cy £600000.

Paphos

Paphos is home to the island’s second international airport. It also provides a small fishing harbour that is used to stock local markets and dinning establishments with fresh catch of the day. Mythical legend has it that Paphos is the birthplace of the Greek goddess Aphrodite. This birth resulted in spiritual worship of the city for several centuries. Paphos is a resort style town that caters to virtually every need a holiday traveller could have.

Apartments in paphos start at cy £ 57500 for a 1 bed 1 bath in a village setting. High end apartments run from CY £ 95000 for a 2 bedroom, 1 bath abode up to CY £117000 for a 2 bedroom 2 bath setting.

Outside of apartment style housing, the most common property development is town homes. These are priced at cy £99500 for 2 bedroom, 1 ½ baths and gradually increase in price as size changes. A 2 bedroom, 2 bathroom town home comes in for a slightly higher cost of cy £110000. A semi-detached house with 2 bedrooms, 1 ½ baths and community pool access goes for cy £90000.

High end real estate properties in this area typically feature detached homes and bungalows. Many of these developments begin construction once a sales contract is set in place. This allows the buyer to customize the features of the home towards individual needs. Detached houses start at cy £195000 for 3 bedrooms, 3 bath settings. Prices depend slightly on what an owner might wish to have in a house. For example, a 3 bedroom, 2 bath detached home with a private pool has an asking price of cy £280000. Bungalows enter the market at cy £170000 for 2 bedrooms, 1 bath settings. The price ranges increase all the way up to cy £420000 for a 3 bedroom, 2 bath bungalow with a private pool.

Limassol

Limassol holds the distinct honour of being the second largest city in Cyprus. Its main economical function comes from a central wine industry and holiday resort spot. Two main Cyprus festivals are held here each year. The Pre-Lenten carnival takes place around Easter time. Here there is a colourful showcase of attire, dancing and parades in celebration of the event. The fall season brings about the wine festival in September. Local wineries offer up their best selections to residents and holiday travellers, free of charge. Everyone is invited to sample the latest wine vineyard productions. Overall, Limassol offers up expansive 10 mile sandy beach coastline with shops, restaurants, night clubs and other activities that catch the eye of holiday travellers each year.

Apartment houses begin in the cy £65500 for a 1 bedroom, 1 bath setting. Two bedroom apartments typically go for cy £88000. High end apartment homes start at cy £103500 for two bedroom, 1 bath units with possible pool access. It depends on the apartment complex the unit is located in. Larger apartments, such as a 4 bedroom, 2 bath unit have a price of cy £134000.

Single unit housing options here include town homes, detached housing and bungalows. Starting with town homes, a typical 2 bedroom, 1 bath town home situated on approximately 111 sq. Meters comes with an asking price of cy £143000. Detached homes carry an asking price of cy £145000 for 2 to 3 bedrooms and 1 1 /2 baths.

High end real estate comes in the market with 3 bedroom, 2 ½ baths in a detached house setting for cy £153000. A larger sized 5 bedroom, 3 bath detached house in the village goes for cy £450000 in the suburbs. The same size house with an extra half bath located in the village goes for cy £1500000. Like detached housing, bungalow pricing is determined by property location. A spacious 3 bedroom, 1 bath bungalow in the town centre goes for around cy £213000. On the coastline, a 2 bedroom, 2 bath bungalow goes for cy £225300 while a lavish 3 bedroom, 4 bath setting with a private pool in the village carries an asking price of cy £200000.

Paralimni

Paralimni is an up and coming hot spot with travellers. When surrounding cities see a slow down of activity in the wintertime, this city has more action that it often knows what to do with. Following the Turkish military invasion in 1974, this city assumed the role of administrative district headquarters. A focal point in the city is the twin aisle church that pays homage to the Virgin Mary. This church features 18th century porcelain plates as decorative accents. Housed in a portion of the church is a museum that showcases the ancient timeline of how Paralimni was formed.

Apartments typically consist of 1 bedroom, 1 bath units that may have possible pool access. This is greatly dependent on what a particular apartment complex offers in terms of amenities. A basic 1 bedroom, 1 bath unit has a sales price of cy £58900 for a village location with a community pool access. The same size apartment unit situated on the coastline will increase the price slightly to cy £65000. As apartment size increases, so does the pricing. A 2 bedroom, 1 bath apartment in the village goes for cy £74000. Prices rise to cy £75000 for a town centre unit and cy £79500 for a beach front unit. A lavish 3 bedroom, 2 bath apartment in the village starts around cy £138000.

Branching out for more room brings town homes, semi-detached and detached style settings. Town homes typically feature 2 or 3 bedrooms with 1 ½ baths. Mostly located in the village, prices range from cy £110000 to cy £147200 and provide access to a community pool. Spacious semi-detached housing is priced around cy £136500 for 3 bedroom, 2 bath locations in the village. For coastal locations, detached houses with 2 bedrooms, 2 bath layouts price at cy £176000. 3 bedroom, 2 bath houses in the village price for cy £185000 and up.

Ayia Napa

Ayia Napa began as a small fishing village that provided local markets and restaurants with the fresh catch of the day. These days’ things have changed a little bit for the small town. It is now a mainstream location for shopping, eating and dancing. Not to mention relaxation and sun worshiping. Ayia Napa still holds onto its fishing heritage. The local fishing harbour is where fishermen cast off each morning and return with fresh fish to stock local markets and dinning establishments.

Housing options here focus on semi-detached and detached style housing. A semi-detached 2 bedroom, 1 bathroom house on the coastline prices at cy £130000. A larger 3 bedroom, 1 ½ bath detached home in the same area sells for cy £198000. Prices in the village start at cy £185000 for a 3 bedroom, 1 ½ bath and go all the way up to cy £349995 for a 4 bedroom, 2 ½ bath home.

Protaras

Protaras is a quaint little town widely known for the endless miles of sandy beaches. Another notable fact about Protaras is its windmills. These are a world renowned part of this city. All its features come together to present an attractive package to holiday travellers, property investors and residents alike.

Apartment housing is a fairly recent property development here. Many of the apartment complexes came into the picture during 2007. Several new complexes are scheduled for construction as 2008 progresses. Simple 1 bedroom, 1 bath units go for cy £48500 in the village. Moving up to a slightly larger 2 bedroom, 1 bath unit moves the price up to cy £82000 for a village unit. The same size apartment unit with a beach front location has a price of cy £189000. The next step up for that would be a 3 bedroom, 2 bathroom village apartment on the market for cy £129950.

Single housing properties are mostly new construction with many appearing on the market in late 2006 to present. There are still many more developments slated for construction with the start of 2008. Housing properties consist of town homes, semi-detached and detached homes. A town home project set for completion in 2009 will offer 2 bedroom, 1 ½ baths starting at cy £209000. Current semi-detached homes are on the market for cy £180000. This offers up 3 bedrooms, 2 bath homes on the beautiful coastline area. Similar detached homes located in the suburbs with only 1 bathroom are on the market for cy £215000. Projects slated for construction are typically waiting for a sales contract to be completed. Once that is completed, homes are built to specifications of the buyer. Many builders offer completion within 9 months of the sales contract signing date.

Nicosia

Nicosia is the heart of Cyprus as the 1000 year old capital of the island. With a central location on the island, all other cities are within easy travelling distance from this heartland city. Two worlds effectively come together to present a picture of ancient times and modern living. City streets feature old cobblestone roads passing by ornate balconies that use to house craftsmen workshops. An ancient walkway has been restored to reflect days gone by. Old meets new as Nicosia is a hub of business and cultural activity all hours of the day and night. Shopping centres, restaurants and small cafes cater to holiday travellers. Not to be left out, modern conveniences such as grocery stores, banks and pharmacies are present for local residents. Some of these modern facilities are considered to be the best available in Cyprus.

Apartment housing units in this area are typically in the suburbs or town centre locations. A 2 bedroom, 1 bathroom unit goes for cy £85000. Slightly larger units with one extra bedroom and half bath have an asking price of cy £160000. More lavish apartment units with 3 bedrooms, 3 bathrooms in the town square location go for cy £250000.

High end single housing properties in this area are typically detached homes. These start at around cy £24000 for homes in the village area. This price provides for a 3 bedroom, 2 bath home with a private pool. Increasing in size to a 4 bedroom, 4 bath home in the same location goes for cy £450000. This also comes with a private pool in the same village location. Moving toward the town square area showcases a lavish 4 bedroom, 3 bath home that would not be complete without a private pool. The price for this property is cy £300000.

Undeveloped Property

In addition to pre-existing housing properties throughout Cyprus, there are also parcels of land available. These parcels are available for future apartment complex housing units, subdivisions or single family housing developments. The opportunities are endless in terms of what could be done with purchased parcels of land.

The bulk of this property type can be found in Larnaca. Here virtually every shape and size parcel of undeveloped land is available. Starting in the village, parcels of land here start at around cy £40000 for 418 sq meters all the way to cy £200000 for 10311 sq meters of land. High end parcels of land are available for around cy £2700000 for an expansive 48, 168 sq meters. Mountain property is available starting at cy £36000 for 870 sq meters.

Another great place to look for a parcel of land to purchase is along the beautiful coastline. Land prices here start at cy £210000 for 8106 sq meters all the way up to cy £1100000 for 13380 sq meters. A 17059 sq meter land piece goes for cy £1083750. On the high end of the spectrum, there is an expansive parcel of land measuring 21408 sq meters on the market for cy £4000000.

Other parcels of land available for purchase are in Paphos and Nicosia. The land parcel in Nicosia is perfect for a building plot that can be used as the site for future commercial or residential properties. Properties here start at cy £180000 for 540 sq meters of space. In Paphos, parcels of land located in the village go for cy £65000 for 1942 sq meters. Other development properties here include 5853 sq meters for cy £115000 and 2700 sq meters for cy £165000.