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Why You Should Buy a Villa In Cyprus
By Tim Martins | November 21, 2008
Latest migration statistics have revealed that more and more people are setting up home in Northern Cyprus and the top reason given was because of the weather. Well you may not have known that Cyprus achieves an incredible 300 blue sky sunny days each year. It is no tin pot island and is in fact the third largest island in the Mediterranean and it is Northern Cyprus that has had a great deal of success when it comes to property investment. You see the prices are still extremely stable but rising and on the back end you can easily rent it out throughout the year due to that beautiful weather.
Northern Cyprus just has about everything you can imagine, great weather all year round, the cost of living is cheap, rich culture, very friendly people, and what is great it offers the a very safely environment, so this makes a great place for investors to invest there money into property over here.
Apart from just investing in a property in Northern Cyprus which will soon appreciate in value, you are also looking at a fixed monthly income through the rentals. This area of Cyprus is in a prime period of growth and is luring many experienced property investors, so you can be quite sure that your investment is safe. A lot of people tend to buy off-plan, which means that by the time it has been finished you will already have made a big fat property.
If anybody is presently asking me politely to put my money where my mouth is, well I already have and on several occasions. Northern Cyprus has been the answer to my investment dreams and I can only conclude by saying that my investments have appreciated and my mortgage is covered by just 14 weeks rental income. I have actually made so much more money on the rental income that I no longer have a mortgage to worry about back in the UK.
There are plenty of bargains to be had if you are buying second hand, you can buy 3 bedroom detached house with a private swimming pool, with a beach view for around 120,000, and my advice to you would be to go and snatch one of these up straight away. But make sure you never pay the full asking price, through my experience I would be putting in an offer of around 15% below the asking price. Normally they’ll snap your hand off.
If you are on the verge of buying a property in Cyprus then make sure you have a look at the site at cyprusinformer.com for the very best in independent precise information. They also have a blog where you will find a whole bunch of articles which touch on all types of property and holiday aspects about Cyprus.
Topics: Vacations |
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