They have proven themselves as a perfect way to build a solid retirement and have a place to move when you're ready.  Buying a single family residence, an apartment, or a townhouse is a good investment idea because, if the location is right, there will never be any shortage of renters.  Most of the time, you can more than cover your expenses of taxes and maintenance with the income the property produces.  Rental rates in Cyprus have steadily been increasing. You can also count on a steady appreciation of the property.  The Limassol area is one of the fastest growing areas in the country because of its beautiful beaches, nightlife and unique country life. So, owning property here could be your main savings plan!