Cyprus with affordable luxury homes
Cypriot house price falls has left the island with some of the most affordable luxury property in the sun. The island now boasts a large number of spectacular, affordable luxury homes and villas, all within easy reach of the islandââ¬â¢s airports.
As the lower end of the property market continues to struggle, developers and estate agents are increasingly improving high-end infrastructure in order to attract wealthy foreign buyers to the Cyprus.
Brand new luxury development enters final phase
For example, the final phase of the Alexandra Heights resort in Cyprus has just been launched. 69 villas and apartments are on offer, ranging in price from ââ¬594,000 to ââ¬2.6 million.
Local Cypriot developer, Lanitis Development Ltd, has been working on the Aphrodite Hills scheme for nearly nine years. Real estate manager Loucas Kitrou says: ââ¬ÅWe have learned from our mistakes and Alexander Heights will be our best job yet built with the best materials and the best sea views.
ââ¬ÅWe are very much aware of the economic situation but we are looking for top-end luxury buyers.ââ¬Â
As well as 650 luxury properties, the resort also includes an 18 hold golf course, a beach club, a spa and a tennis academy.
Falls in property prices make luxury property affordable
With prices in Cyprus having fallen over recent years, there has never been a better time to buy a luxury apartment or villa on the island. For example, you can pick up a brand new three bedroom villa in Ormidhia with a pool and garage for just ââ¬325,000.
Or, if you are looking for an extra special property, you can snap up a luxury detached three bedroom villa with extra lower ground ââ¬ËGranny Flatââ¬â¢ just ten minutes from the centre of Paphos.
Commanding one of the finest views over the resort, this property is available for ââ¬700,000
Property For Sale In Cyprus
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Investment property in Cyprus
