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Cyprus property and the letting of Cyprus property for either long term or holiday rentals, is a product the Cyprus tourism Board needs to keep an eye on.The demand for long term cyprus Villas and Apartments on the island is still very bouyant, however rental prices are slowly decreasing, and owners of These Properties will need to note this if they are looking to let out Property in Cyprus.
The economic Credit Crunch is affecting the rent owners are obtaining for cyprus property they have purchased. Many agents have stock, that they cannot move , due to owners expectations on the rent they think they will obtain. The fact many more properties are being released on to the cyprus property rental market, is causing a reduction in the rent owners can achieve. 2 bedroom apartments obtaining 550 euros per month prior to September 2008, are now renting for 400 Euros!! Kapparis apartments for rent on a long term basis are very popular, and we have recently rented a few for owners at 450 euros.
The furnished apartments are obtaining more viewings than any unfurnished apartments, and we are now informing all cyprus property owners and investors, thet it is wise to get the properties furnished to maximize the rental return, and fast occupancy. Our Cyprus villa and apartments are listed on our websites, and and our cyprus property marketing services, are being well recieved by cyprus property owners looking to rent cyprus property for long term rent, or Villa holiday rentals in cyprus. The comments from possible tenants, during viewings, is they have viewed many properties, and although price is a major concern, the quality of the property, and if the tenancy, will include any property management services, whilst they are tenants, will affect a decision to rent or not, from that owner.
Cyprus long term properties, are in demand, so if you have cyprus rental property, and are looking for a tenant, think about the rental market at present, and consider the rent you are asking!! it is important. Better be a rented property, than an empty property!!
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Cyprus Property Rentals and Lettings
By: Long term cyprus baggie | 02/02/2009 | DestinationsCyprus property and the letting of Cyprus property for either long term or holiday rentals, is a product the Cyprus tourism Board needs to keep an eye on.The demand for long term cyprus Villas and Apartments on the island is still very bouyant, however rental prices are slowly decreasing, and owners of These Properties will need to note this if they are looking to let out Property in Cyprus.
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By: Long term cyprus baggie | 01/10/2008 | DestinationsThe demand for long term cyprus rental property is being flamed by the poor currency exchange rates from the sterling to the euro. Second home owners, are now realising they have to increase income, and renting the second home they have in Cyprus is the option. Sales are stagnant , so long term cyprus renting is the option to choose