Investors eye cyprus ‘party-town'

Buyers considering Cyprus should look no further than its most famous coastal village, claims one company.

According to experts at The Overseas Guides Company, anyone wanting to buy property abroad should have has Famagusta high on their list, specifically Protaras, Paralimni, Cape Greko and, perhaps the most infamous, Ayia Napa.

A coastal village on the southeast of the island, Ayia Napa has less than 1000 inhabitants but during the summer months it Sees the arrival of approximately 10,000 tourists and has built up a reputation as a wild party-town.

As such, Ayia Napa may not be a logical choice for those considering buying property in Cyprus, but that doesn't mean you should disregard the entire Famagusta region in your search.

Whereas Famagusta used to be all but closed down during the winter months, every year that passes Sees more attractions, restaurants and villages staying open and busy throughout the year.

This is good news for people looking into buying property in Cyprus with the intention of renting it out, as the season in which they can potentially have tenants in Famagusta is growing year-on-year.

Kim Brown of The Overseas Guides Company explains: "This extended season, coupled with properties being available at prices far lower than areas such as Paphos, and a lower cost of living in general, combined with a great climate, friendly local community and beautiful scenery makes Famagusta in Cyprus a great consideration for anyone looking to purchase property abroad."