I’m thinking about buying an apartment in Cyprus as a rental property. Is there good demand for apartments in Cyprus, and what areas should I focus on for the best returns?
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Apartments in Cyprus can be a very solid investment, especially in places like Limassol and Paphos. I ended up buying a small two-bedroom apartment in Limassol, and it’s been an eye-opener. Limassol is a busy town, especially with its mix of tourists and expats, which makes rental demand pretty high. I’ve been renting it out both long-term to professionals and short-term during the summer to tourists, and it’s been very profitable. Choosing the right area is crucial, though—Limassol is popular because it’s lively and has great access to beaches, restaurants, and nightlife. Another tip I’d share is to go for apartments that are close to the sea, or at least within walking distance to it. Renters love the convenience, and it’s something that sets your property apart from inland options. One thing to be aware of is the need for quality furnishings if you’re going for short-term lets. It’s something I learned the hard way—better quality attracts better guests, and it keeps the wear and tear manageable. Overall, if you’re picking a place with good infrastructure and tourist flow, an apartment in Cyprus is a very safe bet.