Property prices in downtown Limassol are over three times cheaper than beachside apartments.
If you're thinking of investing in a buy-to-let or holiday apartment in Limassol, one of Cyprus's most popular tourist spots, you may find more affordable property away from the beach.
Cypriot property specialist Antonis Loizou recently revealed that the price of beachside apartments in Limassol is the highest in Cyprus, at Eur 6,020 per square metre, around Eur 800 more per square metre than in Paphos.
Surprisingly, the price per square metre for apartments in downtown Limassol is over three times lower than those next to its beaches, at Eur 1,700.
Given the competitive price of downtown apartments, it would seem that investing slightly away from the beach will enable investors to still enjoy the city's famous festivals and carnivals without breaking the bank, not to mention continue to have easy access Limassol's 16km of frontage!
- For further information, visit www.aloizou.com.cy