Investing in property in Cyprus offers various opportunities, including both resale and off-plan purchases. While off-plan properties appeal to those seeking new builds, there are several advantages to purchasing a resale property.
Established Locations: Resale properties are often situated in well-established areas with developed infrastructure, providing immediate access to essential services.
Immediate Availability: Unlike off-plan properties, resale homes are ready for immediate occupancy, eliminating the wait for construction to finish. This is particularly advantageous for those looking to relocate or rent out the property promptly.
Potential for Negotiation: Sellers of resale properties may be more open to price negotiations, especially if the property has been on the market for some time.
Better Value for Money: Resale properties often offer better value, as they may be priced more competitively compared to new builds.
Snagging Problems Already Rectified: In resale properties, previous owners have likely addressed initial construction issues, reducing the likelihood of unexpected repairs.
While off-plan properties can offer modern designs and customisation options, resale properties provide immediate value, security, and greater flexibility for investors.
