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Buy Abroad News

09 Jun 06

Typical Cypriot Village Boasts New Development

The chance to live within a friendly Cypriot community with all amenities close to hand

--- Cyprus as one of the most popular destinations in the Mediterranean is experiencing a noticeable change in investor's requirements. More and more investors of holiday homes and permanent residences are looking to buy property in Cyprus in traditional Cypriot villages away from the hustle and bustle of the more cosmopolitan regions.

John Reilly UK Sales Manager of Buy Abroad says, "There has been a noticeable swing towards people wanting to experience and live in the more traditional villages of Cyprus. This is good news on two counts. Firstly the investor does not have to pay the premium of property being in the more popular coastline locations and secondly the investment into these small villages is helping to regenerate the local communities. I expect to see this trend continue as more and more villages offer limited new developments. I use the term 'limited' as Cyprus has learnt from other countries in the European theatre not to overdevelop areas and spoil the natural countryside. Therefore it is good to know that in Cyprus there are strict building controls to avoid the possibility of large scale developments similar to the Spanish Costas."

Ayia Sergios is situated in the east of the island close to Larnaca on the outskirts of Frenaros a bustling village boasting many amenities, including schools, taverns, shops and weekly markets. Ayia Sergios brings to the market a selection of detached two and three bedroom villas and bungalows. They are all built in accordance with local architecture and offer spacious open plan living which would be ideal as either a holiday home or a permanent residence. Each property comes with fully fitted kitchen and each master bedroom provides an en suite bathroom. They sit on their own private plots with ample space for a private pool, garden, BBQ area, shower and patio area.

John adds, "This is a splendid development offering investors the chance to live within a friendly Cypriot community with all amenities close to hand. Its location is ideal, away from the main tourist areas, within easy reach of Larnaca Airport and an ideal starting point from which to explore the island. Developments in locations such as these do not remain on the market for long and particularly as prices are so low away from the developed areas."

Prices at Ayia Sergios start at £125,525 for a bungalow and detached villas starting from £161,390.

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