Are new homes more attractive than secondary homes?

lower maintenance costs, as well as warranty and other guarantees.

Nicholau explains that the new facilities offer the latest in design and technology, including energy-efficient appliances and smart home systems. What's more, new storage options and built-in cabinets maximize space, while features such as large windows, insulation, indoor gardens and green walls contribute to a more enjoyable and eco-friendly living environment.

In terms of customization, he notes that buyers can choose the layout, materials and finishes that fit their lifestyle. "According to a 2015 survey by the Royal Institution of Chartered Surveyors (RICS), homebuyers are increasingly''notes that developers of new homes provide warranties that cover construction defects, serious structural problems, and specific systems and equipment. Warranty periods in Cyprus are typically up to 10 years for the building, 2 years for plumbing and electrical systems, and 1 year for appliances.

Nicolau recognizes that secondary homes are often in well-appointed areas close to infrastructure, but may require renovation due to their outdated appearance. While they may cost less at the outset, it's important to consider renovation costs and overall return on investment.

Newer properties typically have higher rents per month.