Is luxury real estate in Cyprus a good investment?

[Liabi]

I'm looking at investing in luxury real estate in Cyprus. It seems like there's a demand, especially from high-net-worth tourists. Is it a good investment for rental income, or is it better for personal use?

[Tive]

Buying luxury real estate in Cyprus has been a fantastic move for me, especially when it comes to rental income. I purchased a villa near Ayia Napa, and it's been a hit with high-end tourists. The kind of guests it attracts are usually families or groups looking for privacy, luxury, and easy access to the beach. The rental rates I can charge during the peak season are substantial, which makes up for the fact that it stays empty for a few months in the winter. What makes luxury properties special is that they often have features like private pools, large gardens, and breathtaking views, which are a huge draw for vacationers. However, these properties also come with higher maintenance costs—keeping the garden in top shape, pool cleaning, and ensuring that the place always looks pristine requires a good property management company. I've partnered with a local management firm that handles everything from maintenance to finding guests, which makes it much easier for me, especially since I don't live there. Overall, if you choose the right location, like coastal towns or popular tourist spots, luxury properties can bring in significant returns, not to mention the bonus of having a beautiful holiday home for yourself.