You’ll enjoy exploring Limassol real estate and everything the town has to offer. First, Limassol is the second-largest city in Cyprus, after Nicosia, and also one of the most popular. Secondly, with a population of around 100,000, it offers both a fun vibe and a busy business district. There’s also a lovely marina and harbor along which you can enjoy your evening walks or search for houses for sale in Limassol. To give you an idea, you can visit here to review a range of elegant residences. They cleverly mix business with recreation style and luxury living at reasonable prices.
Dispelling your Doubts about Houses for Sale in Limassol
- Environmental concerns
- Apartment buildings with a stable rental yield
- Overly business focused
- Reasonable cost of living
- Convenient public transport
- It’s not just about the bars and restaurants
If you’re already aware that Limassol is a popular place when searching for properties for sale then you might be worried about what’s happening with the level of construction projects. It’s true that Limassol has enjoyed a business and tourism boom over the past few years. Nevertheless, Cyprus wants to do things right. So, the Mayor of Limassol established the Blue Limassol Forum in 2020 to focus on sustainable development. The aim is to balance Limassol as an international and leading commercial and shipping hub with promoting maritime and environment awareness. You’ll still be able to find every property type you could hope for, including whether you want 1 2 3 bedrooms. However, everything in your building will be organized sensibly and in an environmentally friendly way.
Apartment Buildings with Stable Rental Yield
Due to Covid, property prices have dropped, including within the rental market. Having said that, a Deloitte report shows that apartment buildings have been more or less stable in terms of overall rental yield. Of course, this will depend on the number of bathrooms and bedrooms available or even if there’s a pool. Clearly, the more you have, even up to 3 4, can increase the rent you’re asking for.
When searching for properties for sale in Limassol Cyprus, it’s worth noting though that prices are due to come back up. After all, a buzzing coastal town will always be popular with investors. Now could therefore be the perfect time to buy whilst prices are still low.
Overly Business Focused
With everything you read about Limassol Cyprus, you might start thinking that the town is on par with New York or London. Don’t forget though that its population is in the thousands rather than the millions. So, even though Limassol offers the buzz of a city, it remains a beautiful coastal town with a laid-back approach to life. In fact, it’s a charming and cozy balance of business and pleasant convenience within a stunning backdrop. So much so that you’ll enjoy searching for properties for sale in Limassol Cyprus.
Reasonable Cost of Living
As a major business hub in Cyprus, you might be inclined to worry about the cost of living when searching for houses for sale in Limassol. In terms of property, it’s true that Limassol is generally considered more expensive than the other towns in Cyprus. Having said that, in terms of living expenses, you can expect to pay an average of less than 3,000 euros per month for a family of 4. You can check it out for yourself on the Numbeo website, the largest cost of the living database.
Convenient Public Transport
Clearly, if you want to be free to roam the whole of Cyprus then you’ll need a car. Nevertheless, you can get by easily with reliable bus services across all the towns. You can even find shuttles to Nicosia, for example. Obviously though, how close you want to be to various services and amenities will define your search for properties for sale across Limassol Cyprus.
It’s not just about the Bars and Restaurants
When you start searching for property for sale, you might end up wondering if Limassol is just about beaches and activities. Whilst both are very good, you can also enjoy suburban living. For example, Agios Athanasios or Germasogeia are fantastic choices. You can also enjoy some stunning hikes in the Limassol mountains and relax in the coolness of the Mesa Potamos Waterfalls.
Most residences also offer so much more than just fabulous places to live. You can also benefit from their services. These usually include spas, fitness areas, and private pools as well as a range of watersports. Even the kids have some fun options such as waterparks and other outdoor beach games.
Last Reassuring Thoughts on Houses for Sale in Limassol
Of course, searching for houses for sale in Limassol and buying a property is a big deal. The best thing to help your decision is to discover the Limassol experience for yourself if you can. You’ll soon see that it’s a great hub of business meets fabulous lifestyle. Naturally, if you’re not on the ground yet then you’ll want to do some research both online and offline by talking to realtors. The points above should hopefully show you that there’s a lot more to Limassol than what you might first read. Also, don’t hesitate to reach out to property developers. Simply listen to their feedback about the market and current trends. Last but not least, check out the residence photos. The properties are truly amazing and if luxury living is your aspiration then you’re in the right place to find your perfect house.