DOWNSIZING TO BUY PROPERTY IN CYPRUS

More and more UK residents are downsizing in the UK and using the released equity to buy property in Cyprus either as a holiday home or with a view to retiring there.

In recent years it has become apparent that more and more UK residents have been downsizing in order to buy property in Cyprus. This is a trend which we expect to continue, particularly now at this buoyant time for Cyprus. Those that downsize in the UK and release capital are then in the perfect position to get on to the Cyprus property market. For many this is just a natural progression as they look towards retirement. By buying now they are looking to see considerable capital appreciation of up to 10% per annum at a time when the UK market is stagnant. For many it is important to keep the UK property so that they always have a base camp back home for when visiting family members.

Ultra Properties now brings to the market an ideal opportunity to buy a holiday home which could also easily be used as a permanent residence.

This detached three bedroom villa is ideally located on a quite cul-de-sac in the sought after Kamares area of Tala. The accommodation comprises of spacious downstairs bedroom and living space incorporating an open plan lounge, dining room and kitchen breakfast area. The first floor offers a master bedroom with en suite and one further good sized double bedrooms and family bathroom along with a good sized balcony leading from both first floor bedrooms. The property comes to the market in the highest order with air conditioning, and solar water heating. The exterior offers a good sized garden with mature shrubs along with private swimming pool.

Developers Comments “This is a good sized property in arguably one of the best and most sought after locations in Cyprus. With easy access to Tala and many local amenities including shops, bars, pharmacies and restaurants this property is ideal for a number of uses but with its spacious accommodation, it would undoubtedly offer a good standard of living for those looking to live here permanently.”