Investment Property in Cyprus

Locations - Neo Chorio

Natural beauty

The Neo Chorion area is situated on the west coast of Cyprus, and is popular with tourists looking for a peaceful break in a naturally beautiful part of the island. With the Akamas National Park to the south and the west of the area, and the stunning Chyrsochous Bay to the north, there is a growing demand for a well-located property in Neo Chorio to rent as holiday accommodation.

Tourist favourite

In recent years, tourism has changed the face of the village. It was practically derelict until the mid-1980s when pioneering buyers starting renovating its charming stone village houses. These are now sought-after and a popular destination for self-catering holidaymakers and “upmarket” package holiday firms from the UK. The area generally attracts wealthier visitors, from Cypriots coming down from Nicosia for the weekend, to visitors travelling over from the UK and the rest of Europe.

Renovation projects

Unfortunately such village houses rarely come on the market these days and are expensive when they do. Consequently, attention is turning to the surrounding “ghost hamlets” such as Smigies, Fasli and Androlikou, where lots of derelict stone houses can be found. Residents of Nicosia have started renovating these as weekend homes, and UK buyers are starting to follow suit.

Tasteful development

Neo Chorio has also seen a marked increase in the level of new-build activity in the area, and so far this has been of a reasonably high standard and low density. Indeed, its proximity to the protected area of the National Park means that over-development is unlikely, and as the area grows, improvements to its facilities and infrastructure will only increase the value of real estate in the are.

Quiet community

The Neo Chorion area includes a stretch of coastline with a number of quiet, sandy coves. The actual village of Neo Chorio is set inland from the coast. It is a quiet community with a typically Cypriot feel, based around a church and town square in the centre. Recently the village has become known for its Easter festival, which features live music and local delicacies, as well as very competitive local games such as tug-of-war.

Related items

Documents and Reports
icon

Cyprus property investment report (373Kb)

icon

Cyprus country guide (766Kb)

icon

Cyprus property buying guide (979Kb)

Other related pages
Bookmark with:
What are these?
DeliciousDiggredditStumbleUpon

Investor Email Service

Cyprus Reports

Free Cyprus
investor report!

Instant access to 20
market reports for all
newsletter subscribers.

Enter your email address:

Subscribe

Latest Cyprus News

Home | Investments | News | Documents | Newsletter | Research | Contact Us | About Us | Site Map

Investment property in Brazil

Investment property in Croatia

Investment property in Egypt

Investment property in Morocco

Investment property in Bulgaria

Investment property in Cyprus

Investment property in France

Investment property in Poland

Investment property in Cape Verde

Investment property in Czech Rep.

Investment property in Germany

Investment property in Portugal

Investment property in Chile

Investment property in Dubai

Investment property in Italy

Investment property in Romania

Investment property in Slovakia

Investment property in Slovenia

Investment property in Spain

Investment property in Turkey