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1 December 2022

Advantages and disadvantages of buying property in Ayia Napa

Ayia Napa is a world famous resort. Many people love to spend their holidays here, but do not think about buying their new home in this area. But in vain - Ayia Napa is slowly starting to develop, and there is every chance to make a profitable investment. In addition, it is pleasant to live in the resort town in silence and solitude. Let's try to compare the main pros and cons of buying property in Ayia Napa.

1. Good geographical position and pleasant climate

Ayia Napa is located in the southeast of the island of Cyprus. This location ensures a pleasant temperature in winter and a not pleasant heat in summer. The sea in this area is warmest. There are also few winds and almost no high waves.

Hint: in general, Ayia Napa is 2-3 degrees warmer than Paphos, both air and water.

Also, the town is quite convenient when visiting the cities nearby. You can drive to Larnaca or Nicosia within an hour. It will take a couple of hours to get to Limassol. Of course, locals believe that these are long distances, but visitors can easily work or spend their time in other districts.

Ayia Napa is great for permanent residence, and buying property here can be a good start for your future naturalization.

Another plus is the close proximity to many interesting sights. One of them is Cape Greco, which is famous for its alien landscapes and beautiful sunrises and sunsets. It's great to just walk around or take photos.

2. Сalm and cozy

Only 3,000 people permanently live in Ayia Napa. For comparison, 20 thousand people live in Paralimni. If you buy property away from tourist places, you can fully enjoy the silence and solitude. This is especially important for people who come to Cyprus for relaxation - away from noisy cities.

This 'silence' makes Ayia Napa also a safe area to live in. In general, the whole island is a safe country, but its southeastern part is especially safe. So those who are looking for a quiet place will definitely find it here.

3. Lots of youth activities in summer

Ayia Napa is considered a party resort: in its tourist areas (closer to the sea) there are enough various entertainments that young people appreciate so much. There are many different (themed and not) bars, restaurants, nightclubs, karaoke and more. In summer, open-air events are regularly held, including discos under the starry sky on the sea coast!

The nightlife in Ayia Napa is really in full swing. Here you can have a boring time on any day, from May to November. True, in the off-season it becomes quiet, so party-goers in Cyprus usually do not spend the winter.

4. Great beaches

The best beaches, of course, are in the Famagusta district. Almost all of them have a sandy surface, calm turquoise-clear water. It should be noted that the beaches can be divided “by interests”: for example, Konnos Bay will be appreciated by lovers of silence and natural beauty, Nissi Beach will appeal to avid party-goers, and Vatia Gonia is ideal for families with small children.

In addition, very close (only 8-10 km) are the beaches of Protaras, which are no worse. They can be reached by car in just 10 minutes. So a beach holiday in Ayia Napa will appear to everybody!

Advice: if you want to see the sea from the window and regularly go to the beach, buy housing near the seacoast.

For example, Love Bridge Villas are within walking distance of the sea caves. And NissiNest has excellent views and a top location. Well, if you want the sea to splash at the very foundation - pay attention to Semera Residences

5. Good resort infrastructure

Indeed, Napa has everything for recreation. There are a lot of cafes and restaurants for every taste, there are enough boutiques and small shops, there is a water park, an amusement park, a sculpture park and even... a cactus park. What can we say about water activities...

In addition, the Ayia Napa Marina project is currently under construction. This luxurious complex will include both residential facilities (villas, some with their own yacht berths, and apartments) and luxury resort infrastructure. Ayia Napa Marina will have a large promenade with an alley of boutiques, restaurants and other establishments, as well as a marina. It is expected that real estate in the area will rise in value significantly after the project is completed. So buy your home now!

Properties available for sale in the project Ayia Napa Marina

6. Lots of things to do nearby

It has already been said that there are a variety of attractions nearby. But you should not limit yourself - it is easy to get to the sights of Larnaca and Nicosia. If you have time for a small journey, you can also get to the Limassol district. In general, Cyprus and Ayia Napa in particular are famous for:

  1. medieval monasteries and cave chapels;
  2. amazing nature - both on the coast and in the mountains;
  3. wineries;
  4. museums of folk life;
  5. unique and very colorful villages;
  6. cafes and taverns with national dishes, as well as meze.

All this can be examined very carefully. Only at first glance it seems that Napa is small. In fact, to immerse yourself in the local life and learn a lot of interesting things about the area, it will take almost a whole year.

7. Relatively low real estate prices

It is curious that luxury real estate has almost caught up with housing in Paphos and Limassol. However, not luxury options are still readily available for purchase.

For example, in Ayia Napa itself and in Ayia Thekla, you can find a house at an average price of 1.5 thousand euros per 1 m2. This is an excellent value, especially considering that the area is about to begin to be actively built up, real estate will definitely rise in price.

8. Profitable to invest in real estate

It is curious that the demand for real estate in Ayia Napa is slowly growing. Firstly (and it has been so for a long time), it is very profitable to rent housing here for short-term rent. Demand among tourists is always high, especially during the "hot season". As a rule, those who rent an apartment or house to tourists in Napa, then quietly live on this income for the rest of the year - until the next season.

Secondly, the pandemic and a sharp increase in the growth of remote workers and freelancers have made Ayia Napa an ideal place for those who are tired of the city and want to temporarily (six months to a year) live by the sea. Preferably away from the hustle and bustle of the city. Therefore, long-term rent, which used to be not held in high esteem here, suddenly began to gain momentum.

Finally, investors paid attention to the location. The comfortable resort still does not have enough fashionable projects! Now only two large-scale complexes are under construction: Ayia Napa Marina (we have already talked about it) and Paralimni Marina. It is expected that they will give impetus to the development of local infrastructure and raise the resort to a whole new level.

Properties available for sale in the project Paralimni Marina

Properties available for sale in the project Ayia Napa Marina

9. Cons of buying property in Ayia Napa

Here we have collected exactly those disadvantages that people who come to live in Ayia Napa most often complain about:

  1. Not always suitable for an active life. Yes, it is quite noisy here in summer, and very quiet in winter. If you do not plan to travel outside of Napa, then it can be boring and even somewhat uncomfortable here.
  2. Expensive real estate - compared to other areas in the controlled part of the Famagusta district. Indeed, villas in Ayia Napa are more expensive than in Paralimni and Protaras. Despite this, you can always carefully search and find the option that is perfect for you.
  3. Few cultural entertainment and educational institutions. And again about the inconvenience for permanent life: there are few private schools and kindergartens in the vicinity. In addition, foreigners sometimes have to resolve issues exclusively through the capital of Cyprus - Nicosia. This means that you will have to spend time on the road, albeit not constantly. Also, there are no theaters in Napa, films are usually shown in the open air areas. The range of entertainment here is very limited.
  4. It is not very easy to find a job, especially for a foreigner. If you are thinking about a business here, then some industries may seem promising, but, due to the underdevelopment of the area, they will not be in demand. Before you start your own business, you need to carefully study the features of the market
  5. In some areas far from the tourist resorts, knowledge of Greek is required.

But the difficulty encountered earlier - the difficulty of renting out real estate in the off-season - is now almost gone. More and more people want to spend the winter in a remote part of the warm island and are not particularly interested in the development of local infrastructure. So buying a property in Ayia Napa is a very good idea if you like the area for permanent residence or want to rent out a property.

Detailed information about all projects in Ayia Napa can be obtained from the specialists of the No. 1 real estate agency in Cyprus DOM Real Estate by phone +357 23 010 149, or in person at: Protaras Avenue 243, Paralimni 5290, Famagusta.

Read also:

  1. GESY General Health Care System in Cyprus
  2. Villa or apartment: what to choose for living in Paphos?
  3. How profitable to rent office in Cyprus?
  4. 10 Reasons to Invest in Protaras Property
  5. TOP 5 residential complexes in Protaras
Source: DOM
Photos: DOM, PxHere
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