Rental opportunities are very good in Cyprus. Whether you’re looking to rent out your property for short term holiday lets, or for a longer period, there’s never a shortage of people wanting to spend their time on this beautiful island. But it’s a good idea to know a little more about the areas of Cyprus to understand your potential market better.
The perfect location
While all parts of Cyprus have fantastic weather in common, they are all unique and special in their own way, appealing, in general, to different types of people.
Pafos - Voted the best city in Cyprus to live, Pafos is popular with British ex-pats. With amazing beaches, beautiful historic sites, and with easy access to peaceful natural scenery, it’s a wonderful location for families.
Nicosia – Jet setters will prefer Nicosia for its fantastic transport links, every day hundreds of flights leave Nicosia for destinations across three continents. Nicosia is also popular with business owners as it has the best corporate income tax rate of all Cypriot cities.
Larnaca – Idyllic Larnaca is famous for its great food and wine. It’s very popular as a retirement destination.
Famagusta – The Famagusta region attracts most tourists to the island owing to the exceptional natural beauty that characterizes the area filled with crystal-clear beaches and awe-inspiring scenery. At night, the vibrant towns of Ayia Napa and Protaras come to life, giving partygoers the opportunity to party till dawn.
Limassol – Limassol is the perfect place to set up a business and it’s also the entertainment capital of Cyprus, making it ideal for young professionals who want to work hard and play hard too.
Schools and Universities
For anyone with school-age children, educational establishments may be a deciding factor in where to move to. There are some top-class International Schools all over Cyprus, but predominantly in Limassol, Larnaca, Nicosia, and Pafos.
One of the big draws of Cyprus is that it is such a beautiful country. For those that dream of breath-taking views, there are some amazing areas in Cyprus that are simply awe-inspiring. Take Pafos for example, with stunning nature trails offering panoramic ocean views, tranquil secluded beaches with spectacular sea caves, and ancient sites that are as fascinating as they are beautiful.
Cost of Living
Another factor that some will consider, is the cost of living in each area. The cost of living in Cyprus, in general, is lower than in most other countries, but for the real bargain hunters, living in Pafos will give you the greatest savings with the lowest cost of living. On the other hand, you’ll find Limassol the priciest place to live.
Paphos offers so much choice
For the greatest choice of properties, head to captivating Pafos. Right now, there are so many amazing projects underway that will make the beautiful seaside town even more attractive and ensure that you’re making a great investment. From apartments to super spacious villas, take a look at the high-quality properties available from the Domenica Group. For any queries, please do get in touch.