Limassol in Cyprus is a wonderful destination to visit, which may explain why so many people are interested in purchasing Limassol property in the region. Limassol is ideal for that spot in the sun, with a large selection of luxury villas and apartments in a variety of settings. Whether you like the convenience of a resort or the serene surroundings of a hamlet, there will be a property that is ideal for you. Limassol, located around midway down Cyprus’s west coast and within sight of the Troodas mountains, provides the best of both worlds to potential home buyers. Prices in the region are still fairly inexpensive in comparison to areas like Paphos farther up the coast, but as with all good things, this may change shortly.
The allure of Limassol is that it is much more than simply a beautiful tourist destination. The port places the town squarely on the map of Cyprus as a bustling commercial hub, since it receives the majority of the island’s imported commodities. There is a vibrant business district that rivals that of the capital Nicosia, and the town is developing at a breakneck speed. Having said that, you’re never far from the lovely Cyprus countryside, with its historic villages where life goes on much as it has for decades.
Of fact, most of these rural settlements have a contemporary infrastructure that includes stores, banks, and a bustling plaza. As developers in Cyprus have shifted their focus away from the more costly coastline districts, these communities have become prime for vacation home development.
Another draw for potential buyers is the town’s position and ease of access to the rest of the island. The capital Nicosia is less than an hour’s drive away, thanks to the excellent highway network, while the seaside stretch connects all of the major resorts. Days out in the magnificent Troodas mountains are also available on the town’s doorstep if you need a break from the sun, sea, and beach. In reality, several of the mountain settlements have lately witnessed considerable growth. Limassol has the culture of a major city, but there are also lots of quiet neighborhoods within walking distance of the sea and resort core.
Cyprus real estate is still in strong demand, which may keep prices climbing for some time. However, housing in Limassol remains affordable, particularly two-bedroom flats with communal pools. These flats are ideal for both investors and vacation home buyers wishing to get their feet on the Cyprus property ladder. Another piece of good news is that the Cyprus vacation rental sector is expanding. As a result, many Limassol apartment and villa purchases have become self-funding undertakings for their owners. Even after accounting for mortgages, purchasers discover that Cyprus vacation rentals cover the whole cost of their Limassol property purchases.
While people’s vacation preferences continue to shift away from conventional package tours and toward “self-build” packages, the Cyprus rental industry seems to be booming. Limassol is suitable for family vacations, thus the private rental industry in the region will see a rise in demand. In fact, many purchasers are purchasing that sun-kissed property early and then renting it out until they are ready to retire in the sun. Of course, by then, all of those Cyprus vacation rentals will have more than paid for the property. Another advantage is that purchasers may buy before prices climb any higher, improving the value of their investment even more.
