Assetz® News - CYPRIOT PROPERTY BARGAINS ABOUND

CYPRIOT PROPERTY BARGAINS ABOUND

25th January 2010 |

Assetz International has negotiated a staggering 40% discount on a selection of already built holiday apartments and villas in Cyprus.

One example is the 38% discount for 2-bedroom apartments (1,048ft2) at the Peyia Village development in Coral Bay, near Paphos for just £80,000.

The development offers a great financial investment in the long term either as a permanent residence or as a holiday home. The superb location also makes the development an attractive investment as the town of Peyia offers something for everyone.

Cyprus boasts 300 days of sunshine a year and offers a mix of history, food and beautiful sandy beaches. With budget airlines now flying to the island, Cyprus is increasingly becoming an even more sought after holiday destination.

Stuart Law, Chief Executive of Assetz, comments:

“The economic recession of 2008 and the weakening of the British pound against the euro resulted in a dramatic fall in overseas demand for property in Cyprus and as a result developers are introducing large discounts on properties that are built but unsold.

“Now is the time for investors to pick up a property bargain before stock runs out and perhaps developers slow their building to match new levels of demand. Cyprus is a very popular destination among British holiday-makers and property investors alike, and is set to experience continued holiday and retirement demand over the next few years.”

Peyia Village

Peyia Village, on the South West Coast of Cyprus is just 5km from Coral Bay. The development boasts a communal swimming pool and offers superb mountain and sea views. The apartments are spacious with open plan kitchens.

In addition to the beautiful beaches in close proximity to the development, the town has a number of restaurants and tavernas to relax and enjoy some of the great Cypriot food. For those who are more active it is close to internationally renowned golf courses Tsada and Secret Valley or alternatively in the town of Peyia there are numerous activities available such as go-karting, paragliding or one of the many watersports the beaches have to offer, therefore there is something for all members of the family.

Assetz can supply 2-bed apartments from €90,334, reduced from a list price of €145,700.

Mortgages are available from 70% LTV with rates as low as 3.5% fixed for 2 years.

For more information please contact Assetz International on 0845 400 6000 or email cyprus@assetz.co.uk

-ENDS-

Notes to Editors

About Assetz plc (www.assetz.co.uk)

Assetz plc heads a group of well-known and successful property investment companies offering carefully selected UK and overseas property and property funds as well as education, buying assistance, finance and after-sales service. Assetz offers expertise whether seeking an investment, holiday home or both, specialising in the UK, France, Portugal, Spain, Cyprus, Cape Verde, India, Bulgaria, Canada and Germany.

About Assetz International

Assetz International offers premier overseas property in selected countries including France, Portugal, Spain, Cyprus, Cape Verde, Bulgaria, Canada, India and Germany, as well as having a dedicated Assetz Ski division. Properties range from small investment apartments in the Alps to luxury villas on the Algarve and the Cote D’Azur.

Assetz International: 0845 400 6000 or visit www.assetz.co.uk/international

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