According to a survey, ‘Real Estate Market Sentiment in Cyprus,’ carried out by Danos International Property Consultants & Valuers, from professionals in the field of real estate agents, appraisers, developers and investors, a high percentage believe Limassol is the most expensive city on the island, in comparison to Paphos, which offers greater returns.
Low interest rates and eminent inflation are set to impact real estate investment, thereby allowing both local and foreign investors to benefit from a buy-to-let strategy. As the value of the property rises with inflation, the amount tenants pay in rent increases over time. The survey also suggests that the majority of individuals who have purchased a property in Cyprus prefers cash, in combination with borrowing.
As one of the most culturally diverse places in Cyprus, Paphos continues to draw large crowds of tourists year after year. The city has its own international airport that welcomes flights from many important cities across the world. Property buyers feel instantly at home in Paphos. There is no discrimination of any sort against international property hunters, who buy property here.