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Follow on Google News | Cyprus Property: Sales Down, but not EnquiriesWhile Cyprus property sales may be down, enquiries are not, according to overseas property portal Property Abroad. Julie Liddle, an emerging markets researcher with the portal said:
By: Les Calvert Property Abroad have dozens of off plan and resale properties in Cyprus, including the Caesar Resort development offering an incredible 7% net rental yield for the first 3 years. The Caesar Resort development offers 2 bedroom apartments in Famagusta from £34,000. Located in Bogaz, and just a five minute walk from the beach, the obviously resort-style development has an impressive array of leisure and amenities including: an open amphitheatre showing movies in the summer, 2 Swimming pools, a tennis court, a sports court, an Outdoor Jacuzzi, a restaurant and snack bar, a Hair and beauty salon, a gym and much more. 2 bedroom apartments in Famagusta are rented out to holiday makers for between £180 and £350. So, based on moderate 20 week occupancy at the lowest rate, gross rental yields would be over 10% on a 2 bedroom Caesar apartment. This will likely be more by the time the development is completed, and even more after the guaranteed yield ends (3 years). For buyers with a slightly larger budget Property Abroad is also listing a fully furnished resale studio in Paphos for £38,000, and a resale 1 bedroom apartment in Kaparis for £44,571. Julie Liddle finished: "Resale apartments in Cyprus are currently the most popular, because they are the properties where bartering for a better price is most likely to be successful. Though Cyprus resale property advertisers are currently holding firm, a few months down the line resale property sales will likely pick up as vendors become more flexible with their prices." About Property Abroad Property Abroad is rapidly growing into one of the best known, trusted and most successful overseas property portals in the U.K. With a slick dynamic site and very reasonable rates Property Abroad currently has among the most extensive worldwide property listings on the net. To find out more contact the team at: les@property- Property Abroad LTD 182 York Road Hartlepool TS26 9EA www.property- Chief Marketing Analyst Liam Bailey liam@property- # # # Overseas property portal with more than 70,000 properties for sale direct from agents, developers and private sellers across the world. Buyers guides, maps, country guides, articles and useful information on buying a property abroad. End
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