Investment Property in Limassol

Invest in Real Estate in Limassol

Investment Property in Limassol
Investment Property in Limassol

Limassol property investment can be a worthwhile venture if you are selective with the areas you choose to invest in. If not, you could find that your investment suffers due to low rental yields, dwindling demand, and slow property price growth in many parts of Limassol .

Search Map of Limassol Investment Real Estate

Limassol (; Greek: Λεμεσός, romanized: Lemesós [lemeˈsos]; Turkish: Limasol or Leymosun) is a city on the southern coast of Cyprus and capital of the district with the same name. Limassol is the second largest urban area in Cyprus after Nicosia, with an urban population of 183,658 and a metropolitan population of 239,842.

In 2014, Limassol was ranked by TripAdvisor as the 3rd up-and-coming destination in the world, in its Top 10 Traveler’s Choice Destinations on the Rise list. The city is also ranked 89th worldwide in Mercer’s Quality of Living Survey (2017).

In the 2020 ranking published by the Globalization and World Cities Research Network, Limassol was classified as a “Gamma −” global city.

The financial stability of Limassol has translated into a real estate market that rewards forward planning and a willingness to look beyond areas of traditional affluence.

 

Buy to Rent in Limassol

 

Renting out your Limassol buy-to-rent investment property can grow wealth and income.

 

Whatever your goals with investment property in Limassol are – preparation is key.

 

  • Set goals based on how much rental yield will be required and the local rental yield rates in Limassol and be prepared to change your initial outlook.
  • Thoroughly research the Limassol location with a special emphasis on fringe areas outside the main Limassol metropolis that may be valued lower than their better-known neighbors. Rental yields of around 5% are still attainable in certain areas of Limassol.
  • Ensure that your target investment property in Limassol appeals to professionals. This is a demographic that ensures maximum income and low voids.
  • Finding and vetting suitable tenants is a job ideally left to the professionals. Working with an established letting agent with local knowledge and experience of property legislation will give you the best chance of success.

 

With our expert guidance, investing in Limassol provides the secure knowledge that your money is working harder than it would in a local Limassol bank and that future generations of your family will be left with substantial capital growth assets.

 

We are always happy to advise on buying investment property in Limassol, where we have been established for over 35+ years. Physis Realty has been a firm fixture in the Limassol property market through good times and bad. Our experts have seen it all and our portfolios continue to outperform.

Flipping Investment Property in Limassol

Flipping property in Limassol

 

Flipping property is when we advise clients to buy a Limassol property below market value, renovate it and then make a profit by selling it at a higher price, all within a few months, and often before the Limassol market has a time to react to the renovation.

 

The Flipping Strategy in Limassol

 

Investment property flipping in Limassol is a simple strategy. You find a property that is in need of renovation from our list and purchase it for a low price. These type of Limassol real estate investments are sometimes referred to by professionals as ‘distressed’ Limassol real estate.

 

What is distressed Limassol property:

 

  • Limassol property in need of renovation
  • Limassol real estate with a change of purpose and use
  • Oversold Limassol property
  • Bank repossessions in Limassol

Put simply, long term investors in Limassol purchase the property, renovate it and make it a lot more attractive to potential buyers.

 

Calculate profit that you make from Limassol investment property flipping:

 

Final Selling Price less Cost of Purchase less Costs = Profit

Here is an example:

Limassol property purchase price: $220,000

Renovation costs: $20,000

Other costs: $25,000

Property sale price: $400,000

Profit: $135,000

 

Experienced property developers in Limassol use a minimum profit value of 22% when looking at potential Limassol projects.

 

The reason for this is because there are lots that can go wrong in Limassol property flipping and working on a potential margin of 22% should still leave a good margin of error.

 

Invest through a Fund in Limassol

 

Property Secured Investments is a Private Equity fund that invests in Limassol and many other towns and cities across Europe. The fund is only available to Sophisticated Investors and closed to United States Citizens. While this is not an offer or promotion of the fund, more information can be found at the website

Luxury Property in Limassol

For luxury property investors hoping to add a superb property in Limassol to their luxury real estate investment portfolio, Physis Realty is a trusted partner.

 

A world leader in luxury real estate with a portfolio comprising some of the most sought-after real estate in Limassol, Physis Realty caters particularly to high net-worth individuals and families. A luxury real estate investment in Limassol should be entrusted to only the highest-quality agency.

Compare listings

Compare