Cypriots are Actively Buying Inexpensive Mountainous Property

Жители Кипра активно скупают недорогую недвижимость в горных районах острова
11 March 2021 Liza Medvetskaya
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While some tend to big cities, others move closer to nature.

Residents of Cyprus began to show increased interest in suburban real estate and land located in the mountainous regions of the island.

Due to the COVID-19 pandemic and constant restrictions, many have realized that they want to live outside the city, where the air is fresh. People began to take more care of their own health and the health of their relatives.

On the other hand, prices for such objects have fallen sharply in value. Therefore, those who managed to save money during the quarantine are now in a hurry to invest it profitably. It is worth noting that according to many residents of the island, real estate is still a priority area for investment.

Жители Кипра активно скупают недорогую недвижимость в горных районах острова

So, if earlier there was no particular interest in suburban property, now the population is happy to buy plots or inexpensive houses.

Especially popular real estate is one from EUR 10 to 20 thousand. Buyers are more likely to pay attention to properties that they can purchase without taking loans.

In particular, many are now buying land, which has fallen in price at a record. In some cases, discounts can be up to 70% of the original cost. In addition, one should not forget about the new housing schemes and incentives that the state recently launched as part of the development of the economy and entrepreneurship in the mountainous regions of the country. Undoubtedly, this also gave an impetus to the inhabitants of the island and a reason to think about the feasibility of such investments.

If you have a desire to move out of town, it's time to hurry up and stop postponing your purchase. Then, perhaps, it will be much more expensive.

Contact the DOM real estate agency in Cyprus. Experienced specialists will help you make the right choice and select the most profitable options for buying a home.
Source: inbusinessnews.reporter.com.cy
Photos: DOM LiVE, pixabay.com
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