:: Cyprus Quality Properties for Sale ::

Property REF Number: ATL 102

Project Name: Great Kings

Property Type: Apartments

Location: Kapparis

Status: For Sale

Delivery Date : 30/04/2009

Number of Bedrooms: 1, 2, & 3 bedrooms

Area m2: from 58m2 - 195m2

Price (CYP): from £66,000

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Property Description

Great Kings is a fabulous development located in the rapidly growing area of Protaras. This East Coast resort currently attracts 40% of visitors to Cyprus and the number of tourists is rising year by year. Protaras is also attractive to investors due to the high demand in property, in contrast with the supply which is becoming limited. Specialists claim that within the next couple of years there will be a shortage of development land, which will mean that the majority of properties in the market will be resale. This side of Cyprus is also ideal for holiday makers because of its all year round excellent weather, strong and growing tourist industry and very stable economy.

Cyprus in general, offers investors high investment opportunities at comparatively low risk. Over the past decade, property prices on the East coast have risen considerable, and it is believed that Cyprus' adoption of the European monetary unit will further boost prices as interest rates fall. Mortgages of up to 70% can now be secured over a period of more than 20 years, which is a major factor in attracting investors.

With property prices in the Protaras area currently being lower than in other areas, the outlook is good for those looking for high return as prices continue to increase along the East Coast. Prices start from 65,000cyp to 95,000 CYP.

Property features: swimming pool, children’s pool, full landscaping, convenient store, tennis court reception lounge, maintenance services, rental services. property features: swimming pool, children’s pool, full landscaping, convenient store, tennis court reception lounge, maintenance services, rental services.