Lately, we made a lot of sales in the Commercial Sector as very good bargains appeared in the Larnaca property market, such as retail shops/offices rented to banks with a high yield on investment.
An example is a complex of 450sqm, including a ground floor of 150sqm, a basement and 1st floor, each 150sqm, rented to a bank for 12 years for € 390.000 per annum, offering a 7% yield on capital investment.
We believe that Cyprus has great investment opportunities in property real estate sector.
The whole scenario in property market changed completely with the new law, affecting the liquiditation of mortgaged properties connected with not performing loans.
Our experience and contacts in the property market since 1970, gives us the opportunity to be able to offer superb property offers which are close to being re-possessed by the bank, to clients who have the financial ability to proceed fast in property investments such as apartments close to the beach with swimming pools, suitable for holiday rentals, land for development of villas or hotels.
Property investment is our great specialization.