Be very careful if considering buying from one of the larger developers.
Their prices tend to be very inflated and the quality of their building is generally quite poor.
Spend some time looking around, but do not be tempted to come over on cheap inspection flights with developers or the larger agents. You will be babysat for the time you are here and they will use hard sell to try to coerce you into signing a contract before you leave the island.
These agents also charge in some case as much as 15%commission so guess who pays that in t he end.
We sell property in the Paphos district, have a website, and offer money back
for anyone who buys through us. There are several other companies who work i nthe same way as this is a much fairer way, giving people more flexiblity and the chance to speak to more than one agent. The money back usually covers the cost of your trip over.
So if you are seriously considering buying try to find a company who offers this rather than cheap flights, that way you do not end up paying for people who only want cheap holidays and have no intention whatsoever of buying.
As for promises from developers that buy to let will pay for itself, I am afraid that those times are in the past.
There is a glut of rental property with many remaining empty for long periods.
The current strength of the euro against sterling means that fewer people are coming to Cyprus than in the last few years. This means that many resale properties are being dropped in price by owners who are desperate to sell.
Ooops sorry i seem to have rambled on somewhat so I will shut up for now