Peyia Village Information: Imagine owning your own little corner of heaven when you purchase property in Peyia, Cyprus. The village is located only a few km away from the famous coves of Coral Bay. The facilities in the village are located along the main road and consist of a pharmacy, a bakery and a butcher shop, where the people so speak some English. Taverns and restaurants abound if you want to enjoy some of the social activities of the village.

If you own a property here, you have the best of both worlds. Stunning ocean views and a low cost of living combine to give you a safe investment in a part of the world that is becoming increasingly popular with tourists. The property market in Cyprus and in Peyia in particular is continuing to grow at a steady pace. The demand for rental property in the area is on the rise, so purchasing property now will let you in on the ground floor of a fantastic investment with a chance to make a profitable return.

Peyia has become one of the best areas for rental properties since Cyprus became part of the EU community. It offers an excellent value for your money as many of the properties here are much cheaper than in other parts of the country. Low cost flights from the UK to Cyprus make it possible to be in your dream home within a few hours, so you can easily spend a long weekend or a few months at a time.

The climate in Peyia offers warm temperatures all year round. It can always be summer when you want to escape the cold northern winters when you have a holiday or retirement home in this location. Along with beautiful beaches, you can visit many historic sites and see the ancient monuments that have stood the test of time. Visit the legendary home of Aphrodite in Paphos as just one of the exciting locations close to the village.

Peyia is strategically located so that you are close to Paphos international airport and the local beaches. It is very easy for foreigners to buy property in Cyprus and you don't even need to have a bank account in the country. The economy of the country is economically stable and as more and more English-speaking people buy homes in the area, the people are starting to learn the English language. The property prices are increasing at about 20% per year, which will tell you that the resale value of your home will increase if you hang onto it for a few years. This will allow you to move into a more luxurious property that will also increase in value.

Buy to let is very popular with people from the UK that purchase homes in Peyia. The prices of the properties are significantly lower than that of those in other popular destinations, such as Spain, Portugal and Italy. The legal system is basically the same as that of the UK as is the real estate buying process. The cost of legal fees are also much lower here and you will find that your money goes a lot further when buying the daily essentials in the stores.

When you opt for the buy to let option for your property in Peyia, you purchase with the intention of renting out the property at rates that are higher than your mortgage payment - if you have a mortgage. The rates are usually higher during the busy tourist season and lower during the rest of the year, so you can balance out your income. Then when you decide you want to spend some time enjoying Peyia, your stay is virtually free.