Located on the Mediterranean island of Cyprus, Limassol can be found on the southern coast of the island and boasts of being the second largest city in Cyprus.
Limassol is situated about middway between the capital, Nicosia, and Paphos, with Limassol being well-known as a commercial and cultural centre for Cyprus.
With easy access to highways, and located centrally on the southern coast of Cyprus, plus good links to ports, and airports, close to marinas, luxury resorts, and historic landmarks, Limassol is a great place to look for luxury properties or real estate investments.
The investor, or owner, rents out the property to tenants directly or through a management company for short or long-term periods. In return the investor earns regular rental payments, which can be from residential rentals, such as houses, condos or apartments, or from commercial rentals which can be offices or retail spaces.
As the property increases in value over time, often used in growing markets (albeit there can be periods of decline) but overall property values do increase, and can then be sold at a profit.
Investors may be able to deduct expenses such as mortgage interest, property taxes, insurance, and depreciation adding to the value of ownership.
If looking for the best investments in luxury properties in Limassol, investors can choose from a wide range of different types of investments in Limassol, from residential homes, condos, duplexes, or apartments, to commercial offices, retail stores, or industrial buildings leased to businesses.
Also there are mixed-use properties combining residential and commercial elements as an option, plus land, with or without planning permission, that can be developed on or sold again for future real estate development.
Limassol generally has a very stable property market and purchasing or selling properties is done in a transparent manner. Limassol is well-regulated, with strong legal protections for ownership, and relatively low political risk provides peace of mid to investors and private buyers looking for real estate opportunities.
In sought-after cities and tourist destinations, property values have shown consistent long-term growth-especially in areas with at times limited supply.
Real Estate Agents and Property Developers in Cyprus
