By Antonis Antoniou *:
It is a common finding that this year’s tourist season is very different from previous ones, as the pandemic of Covid-19 and the implementation of strict hygiene and protection measures, data on travel and travel have changed dramatically. In the light of these developments, citizens are looking for destinations that guarantee quality, safety and excellent health conditions.
At the same time, Cyprus, while maintaining its comparative advantages, continues to be an attractive and safe holiday destination for locals and foreigners alike. The Mediterranean environment, the modern tourist infrastructure and the seductive beaches, combined with the green and cool forests, the clear sky and the sunshine, are just some of the features of the island that make it an ideal destination for moments of relaxation and rest.
In this context and in combination with the need to comply with strict rules of hygiene and social distance, the choice to buy a holiday home, in addition to renting, is becoming particularly attractive at this time. Affordable prices, quality and amenities compose an attractive investment product, which has several long-term advantages. After all, it is not uncommon for citizens to initially buy a holiday home purely for their summer vacation, but a few years later it became their permanent home and accommodation for friends and relatives during the summer months. At the same time, there are many cases in which the holiday home was used to generate additional income.
But what should an interested party pay attention to when buying a holiday home?
1. Location
The cottage is synonymous with relaxation and carefree. Therefore the choice of location should inspire the feeling of peace and relaxation. In combination, additional factors are taken into account, such as the existing Transportation, the distance from the nearest services (eg Banks, Health Centers) and entertainment venues (cafes, bars, restaurants, etc.). The selection criterion, although not so decisive, can be the view of the house. Last but not least, the eternal question is: Mountain or sea? Here, it is up to each individual to choose, since Cyprus is a small island and has an excellent road network, which makes the transition from region to region easier and faster, without creating any problems. Inevitably, the large coastline, combined with the beautiful beaches and the continuous development of support infrastructure, give way to coastal holiday homes, but the island has options for both tastes.
2. Investment - cost
The amount of investment is judged by a combination of many different factors, while it is worth noting that in recent years the rapid and continuous development of Cyprus offers quality holiday options for the full range of financial possibilities. A very key role in the cost of investment, has the type of cottage, ie whether it is an apartment or house. Additional options that may be present, such as a private pool, a garden, the outdoors or a roof garden, are also important. An important criterion is also the prospect of "mixed" development of the cottage. That is, if an owner chooses to make his cottage available as a place to stay for local and foreign tourists, so that the property generates a significant income in the long run. In any case, the combination of cost and quality is of paramount importance in choosing a holiday home, both for the owner who will proceed to purchase, and for the local or foreign tourist who will choose it for a vacation. Finally, the relationship between price and area is directly related, as land is included in the housing market.
3. Comfort
The comfort that the holiday home will offer is of paramount importance. The layout of the interior and exterior is considered very important, as well as the number of bedrooms and bathrooms. In addition, although the installation of a private pool is associated with the purchase cost, it nevertheless offers many advantages, as it guarantees comfortable and private moments. Furthermore, with the rapid development of technology, the provisions for smart devices provide extra convenience and should be taken for granted.
4. Quality of materials - Energy efficiency
Undoubtedly the use of technologically advanced materials in the modern construction industry guarantees the best possible energy efficiency, but also the long life of the building. At the same time, the use of quality materials automatically leads to more economical and more stable monthly expenses, while at the same time providing security and comfort to the owners. Especially in the case of buying a holiday home in a seaside place, the construction materials should be of such quality that they can cope with the specifics of the area, such as humidity, salinity, etc. At the same time, one should not overlook the fact that a "smart" cottage, which meets all the criteria for a comfortable and relaxing stay, can be an option even for permanent residence.
5. Character - Architectural design:
The aesthetics of the architectural design, the configuration of interiors and exteriors, but also the final form of the cottage, are unquestionably the characteristics that will make a cottage stand out. For Cyprus and the geographical peculiarities of the island, the approach that succeeds in "marrying" the modern architectural lines with the Mediterranean environment, is perhaps the best combination of architectural creation.
Taking into account the above and combining quality, aesthetic perfection and innovation, the Giovani Group offers attractive options for both holiday and permanent residence. The developments of the Group concerning houses and apartments stand out, as the modern architectural lines and the careful aesthetics give the note of quality, elegance and beauty. It is worth noting that most of the Group's developments are located very close to the most popular beaches of the Famagusta free area and to a variety of services, such as restaurants, supermarkets and cafes.
More here: https://www.giovani.com.cy/properties
It is a common finding that this year’s tourist season is very different from previous ones, as the pandemic of Covid-19 and the implementation of strict hygiene and protection measures, data on travel and travel have changed dramatically. In the light of these developments, citizens are looking for destinations that guarantee quality, safety and excellent health conditions.
At the same time, Cyprus, while maintaining its comparative advantages, continues to be an attractive and safe holiday destination for locals and foreigners alike. The Mediterranean environment, the modern tourist infrastructure and the seductive beaches, combined with the green and cool forests, the clear sky and the sunshine, are just some of the features of the island that make it an ideal destination for moments of relaxation and rest.
In this context and in combination with the need to comply with strict rules of hygiene and social distance, the choice to buy a holiday home, in addition to renting, is becoming particularly attractive at this time. Affordable prices, quality and amenities compose an attractive investment product, which has several long-term advantages. After all, it is not uncommon for citizens to initially buy a holiday home purely for their summer vacation, but a few years later it became their permanent home and accommodation for friends and relatives during the summer months. At the same time, there are many cases in which the holiday home was used to generate additional income.
Antonis Antoniou, Executive Director, Giovani Group
