3 bedroom villa for sale in Paphos, Cyprus - 347913 property details

Property Information

The Polis/Latchi area is fast becoming the upmarket part of Cyprus. It is an unspoilt area surrounded by mountains and a lot of beach frontage. Their are strict planning controls which will mean that the area will not be overdeveloped and will retain its feeling of exclusivity. The bulk of the new deveopment in this area is villas and not large apartment complexes and at present demand is outstripping supply which is giving good capital growth - some properties have gone up by 20% in the last six months. The area benefits from the Anassa Hotel one of the most exclusive on the island, the recent extension of the international marina at Latchi, shortly work will start on a new golf course which will be a five minute drive from these villas. At the end of 2007 Cyprus will adopt the Euro which has traditionally boosted house prices and the whole area will benefit from a new motorway which will connect Polis with Paphos and the airport. All of these features means that this is an exellent area in which to invest for good capital growth as well as a very buoyant rental market.<br><br>There are only 8 villas on this exclusive development with uninterrupted sea views and on plots sizes starting from 570 sqm, the villas will have a covered area of 158 sqm, and uncovered verandas of 66 sqm. All properties will have a private swimming pool.A CY?2000 deposit will reserve one of these villas with stage payments untill completion. A mortgage can be arranged here in Cyprus with a 20% deposit and then five years intrest only at 4.4%. Very low early redemption fees.

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