If you have been considering a purchase or investment in either a luxury villa or property in Cyprus over the last few years, then this year, could provide, the best opportunity to obtain a great value acquisition. Properties on average around the island have dropped in value by around 25%, of what they were 5 years previously. As an added incentive for buyers, the stagnation of the property market here means that vendors are willing to consider offers. With the information and sensationalism coming out of Cyprus in varying degrees, how can you as a buyer ascertain fact from fiction? Also, what are the pitfalls to avoid when buying here? Some so called experts advocate buying now, others say that waiting for the market to drop further is the best policy. In truth, both scenarios are correct. However, the real key to the question is knowing which type of property these two scenarios apply to! This is the difference between mediocre OR great advice when it comes to buying Luxury Villas in Cyprus or Cyprus property. Due to the geographical nature of Cyprus, close to and beach front property including the space required to build it, is at an absolute premium. Particularly, in the Famagusta, Limassol and Paphos regions. In all of these areas, prime location beach front villas, have consistently risen in price and demand, even in the last 5 years. The advice is clear. If this is the type of luxury property you are seeking, then buying now while prices are sensible and slightly flexible, will achieve the best deal. Buying now has two advantages, whereas leaving it until later may cause a significant additional financial burden. The first advantage is, in having the widest choice of the property that is available on the market, and secondly, it is a buyers market at present as vendors are flexible. Over the last few months, it has been obvious to prestige property agents that luxury property enquiries and purchases are gradually increasing. The scenario many potential luxury property buyers may face, is, paying VAT on any new developments, which even at the current rate of 5%, is a substantial increase on the cost of a property. The VAT figure may even go back to its original 15% as sales increase. It seems wise to purchase properties on many of the existing VAT free luxury beach front developments, while properties on these are still available. Investment and prime location property is the type that should be bought now to achieve the widest selection and best prices. Should buyers be looking at cheap average or lower budget apartments or properties, then non prime location purchases can wait for a while. The availability is plentiful and due to this the prices will be flexible for a longer period of time. Shrewd buyers though, are looking for good properties and putting in much lower than asking price offers and obtaining great buys at present in this manner. One cannot underestimate the opportunity that the precocious offer may bring. There have been occasions over the last few months that buyers have achieved 20 to 30 % further discount on already low prices by doing this. Golf property around the island is a mixed bag. There are some incredible below market value properties and purchases available within some of the leading golf resorts in Cyprus. These only apply to a few select villas within all the resorts and again, the very best properties provide exceptional deals. The emphasis on choosing the best time to buy is related entirely to the property. In this regard there are about four or five golf villas in the whole of Cyprus at present that provide an exceptional purchase or investment opportunity. In this instance it is literally, a case of first come first served. In terms of investment however, there are some very tempting opportunities around Cyprus at present. The whole Polis region is on the move, not only in terms of having much stricter planning laws than most other regions in Cyprus, thus preventing mass over development but also the addition of two new world class golf courses. Property investors should be giving the entire region serious consideration as there are many great investments and purchases to be had. A twin signature PGA rated golf course development, designed by Gary Player and Jack Nicklaus promises magnificent vistas, the largest golf courses in Cyprus by far and a world class effort. Gary Player has stated, “These courses will be a showcase for golf’s green movement” Not only this but they are designed to encompass magnificent views over the Mediterranean and actually end right on the beach. Having visited the site as well as seeing the provisional plans these golf courses are sure to stun the world of golf when they are unveiled. The immediate region is a great place to invest and there are great properties starting from 110 - 000 Euros upwards. Cyprus is also listed as an offshore tax haven by credible entities like the Independent newspaper in the UK as well as many leading international financial experts. From property purchase fees, taxes, pensions and business rates like a 10% limited company tax threshold, Cyprus is a great place to invest in carefully selected property. Should you wish to see what is available or obtain the finest independent and impartial advice on luxury, golf, investment or retirement property in Cyprus. We have also recently secured bank owned properties in Cyprus which are selling at around 30% less than market value. To see what is available for either a great investment or bargain buy, contact: Company: 1cyprusproperty Street: A 101 Thetis parade City: Paralimni Province: Famagusta State: Famagusta Zip Code: 5290 Country: Cyprus