The Views At Pyla, Larnaca, Cyprus

Cyprus has been a popular Mediterranean destination for UK property investors for some years. It remains so,and investors are looking for ever-better bargains.

Things to look for are:

•low deposits

•100% financed options

•low interest mortgages

•long-running guaranteed rental schemes

The Views at Pyla is 15 minutes from Larnaca town,and 20 minutes from the airport. Set on an expansive plot in a quiet residential area between the popular villages of Oroklini and Pyla,The Views is just five minutes drive from the Dhekelia seafront with its beaches,bars and restaurants. The development is due for completion in October 2009.

The Views at Pyla consists of four small apartment buildings,with a total of 58 luxury apartments. There are two-bedroom penthouses with large verandas,eight ground floor two-bedroom apartments,16 two-bedroom and 26 one-bedroom apartments on first and second floors. There is covered parking underneath the four blocks which will stand on columns and the extra height helps to enhance views of the surrounding area.

There are a combination of one and two bedroom luxury apartments over three floors in each block. On the ground floor the spacious apartments lead out to the swimming pools through private landscaped gardens. All apartments are designed to overlook the pools towards the sea. The stunning two bedroom penthouses also benefit from en-suite bathrooms and large south-facing terraces with stone barbecue areas,for private entertainment.

In the Larnaca district the government has plans for around four billion euros of investment over the next five years. The plans include an international airport due to open in 2009,a port suitable for cruise ships and an upgraded and extended marina. There are also plans for a PGS Signature golf course at Tersefanou,with a five-star hotel and country club and superb facilities and amenities.

At The Views,the required deposit is only 10%. The project also benefits from a 10-year insurance backed guaranteed or variable rental scheme and property management agreement.

The Benefits Of Property In Larnaca Cyprus

One of the things that makes Larnaca so unique is that it is in some ways all things to all men. The airport is only a few kilometers outside the town center making it a perfect holiday destination without the hassle of long airport transfers. The town also boasts an award winning sandy beach,marina and the Islands main port. The promenade in runs between the beautiful beach on one side and a host of sea front restaurants on the other. The pretty marina sits at one end and an ancient medieval fort is situated at the other. The whole of the Larnaca sea front area is immaculately maintained and there is plenty of seating where you can just chill out with an ice cream whilst taking in the sea view.

All these pluses go towards making Larnaca a great place to buy Cyprus property either for that dream holiday home or as an investment property. There is plenty of development going on in the area too so prospective investors in property should have no problems finding an ideal plot or two. The coastal vilages like Oroklini are still up and coming and they are just outside the bustling town whilst being close to the Islands main coastal motor way. These developments would be ideal for property investors interested in benefiting from the booming Cyprus holiday rental market.

There are plenty of other great reasons why Larnaca could be the perfect place to own a Cyprus property. Not least the fact that it is a major town and municipal district in it’s own right. If you want everything at your fingertips then this is the place to be. There are more shops than you could shake a stick at including many of the larger chain stores such as Debehams and Marks & Spencers. The town has a thriving commercial sector and beyond the town are several industrial estates. In fact the area really is thriving both in terms of commerce and tourism too. It’s little wonder therefore that property prices are rising steadily all over the area especially close to the coastal resort itself.

With so much going for Larnaca both as a town and a holiday resort deciding to buy property in the area should be a no brainer. The out of town developments should show the most growth in value if only due to theire exclusivity appeal. In recent years prices of similar developments have been boosted by the influx of locals seeking a suburban life style away from the main Cyprus town centers and the area looks set to do likewise. Larnaca has seen some major investment over recent years both in infrastructure and ongoing development. In fact as I write this article the airport is being totally rebuilt which is a sure sign of ongoing confidence in the area.

If that’s not enough to attract cyprus property investment in Larnaca there may be even better to come. GOLF! The magic word that any property speculator loves to hear. Golf,sea sun and beautiful Cyprus property just have to be the perfect mix for a boom economy. There has been much talk recently of a proposed golf and leisure development in the area which would include luxury properties of all sizes. Villas apartments and luxury bungalows are all in the mix of this much talked about development that would put Larnaca right into the premier league of Cyprus golf resorts.

With so much going on there already the area looks set to be a property investors dream come true. Golf,shopping sea and a great helping of Cyprus sun make Larnaca property the perfect Choice for holiday lets or residential homes alike. There is even talk about extending the marina to accommodate all those luxury power boats that the speculators will be able to afford with their property profits. So if you are looking to Cyprus as an investment opportunity perhaps you should seriously consider Larnaca property.