Cyprus Property 'can be funded in many ways'

27 August 2008

There are many ways to fund a property purchase in Cyprus that can bring it within reach of fairly modest budgets.

A deposit of between 20 and 30 percent can be raised on most people's first homes, Corsavoo.com has said.

The portal also suggested that off-plan is a useful way forward, as such a property can grow in value even by the time construction of it is complete.

Corsavoo also advised that for overseas property buyers letting out an apartment, the chances are good as the tourism industry in the country has shifted away from hotels to smaller units of accommodation, such as apartments and villas.

Reported by Overseas Property News on 27.08.2008