Nov
21
Buy Property In Larnaca For A Holiday Retreat
November 21, 2007 |
If you have never heard of the delights and financial advantages of Cyprus’s south shore, you may never have thought to buy property in Larnaca or in any other part of Cyprus. But Cyprus has much to recommend it as a location for a vacation home. Its popularity has increased significantly among holidaymakers, and, in contrast to more expensive areas such as Coral Bay or Paphos, Larnaca is still within most budgets.
Properties in the coastal areas of Cyprus are in high demand these days. Larnaca is a prime location for those looking to mix a bit of history with sun, sea and shopping.
Cyprus is by legend the birthplace of Aphrodite, the goddess of love. The southern part of the island is mainly populated by Greek Cypriots, while the northern half is Turkish. Air travel is easy from most European countries and competitive low fares are available.
Larnaca is a city that is large enough to meet all your needs, but small enough to avoid typical large city hassle. It is a historical city filled with modern amenities and provides a wonderful holiday getaway. Year-round tourist activity makes buying Cyprus property here a rewarding investment as well. You can stay for as long as you like, then rent it out through local property management companies when it is not in use.
Low down-payments and wide price ranges are encouraging many people to buy property in Larnaca. Larnaca is a beautiful and still very affordable area of Cyprus. These days people are able to take virtual tours of the areas via property listings on the internet. Real estate agents are selling a wide range of property, from modern apartments to luxury villas.
If you buy property in Larnaca, or anywhere else in Cyprus for that matter, the government has sweetened the deal for you by passing a 5% flat tax for residents from other countries and a very low capital gains tax. For the British, this has proved to be an offer hard to refuse, and now citizens of other European countries are catching on to this great deal.
Larnaca has an international airport and is situated centrally on the southern coast line, so is easily accessible from the rest of the island. Mountains are a short drive away from here and the ocean is almost in your backyard.
If you have never heard of the delights and financial advantages of Cyprus’s south shore, you may never have thought to buy property in Larnaca or in any other part of Cyprus. But Cyprus property has much to recommend it as a means of providing a holiday home.
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