Chlorakas, Cyprus

Situated perfectly between Paphos Town and Coral Bay beach, lies the versatile project of Chlorakas Gardens. A carefully chosen location that offers easy access to many of the well known areas of this region.

Just a couple of minutes walk will get you to the main supermarket store of Papantoniou which provides just about all of your household needs under one roof. Venture just a few minutes further, and you have a selection restaurants, kiosks and other local shops.

A walk of around 20 minutes will bring you to the coastline with 4 and 5 star hotels and further shops and cafes. Should you prefer to use the car, then this would be less than a couple of minutes away.

All in all, it forms an ideal location to rent a property, therefore purchasers of homes here can benefit from either the short term holiday rental market, or the long time resident market, which is currently a very strong market given the difficulties many people are having with qualifying for bank finance.

The types of property form a good choice. Apartments with 1 or 2 bedrooms and some larger properties including townhouses with 2 bedrooms, spacious apartments with 3 bedrooms and penthouses with enormous terraces and also 3 bedrooms.

The project has a well-kept communal garden area as well as its own communal pool and changing facilities. Each property will be supplied furnished, with fitted kitchens and appliances as well as split level air conditioning units supplying hot or cold air.

What makes this opportunity better than most, is the finance package available. Buyers have the opportunity to take advantage of being able to make monthly instalments directly to the seller to purchase the property as opposed to having to find a big deposit (usually minimum of 30%) and go through a difficult procedure to qualify for mortgage funding. Therefore, there is no need to go through the arduous task of finding your last two years P60 or contacting your accountant or trying to dig up your last 2 years tax returns. There is no need to delve through your files at home and try and locate your last 6 months bank statements or visit the credit reference agencies online to get a print of your last 6 years financial activity. Simply your passport and proof of address will suffice for being eligible to buy one of these properties. Alternatively, if you are a cash buyer, a discounted one-off payment could be made to secure the property.