Don’t miss out on Cyprus Apartments
Somewhere that is a really hot place to live in Europe at the moment is Northern Cyprus and it may just be down to the 300 sunny days it has each year. Cyprus is the 3rd largest Mediterranean island and it’s villa expansion has become immune to the current economical crisis.
Northern Cyprus is still growing as villa purchases continue to rise and the word out there is that people just love the all year round perfect climate. This means that the rental sector is really going strong as the season is so much longer.
Cyprus enjoys low cost all year round prices, a European culture a whole world apart, very really friendly local residents, great security and a low crime rate all over the island. On the whole you really cant go wrong with property investment in Cyprus and you are about to discover some more exciting reason just why you should choose Cyprus.
Should you be considering a quick profit or a long term investment, then you will find that Northern Cyprus is the place for you. In Cyprus new villas and developments are still being built and you won’t see any cranes standing still here. If it is a quick profit that suits your needs, then just buy off plan and then 18 months later you can sell on completion, leaving you with an average 15 – 25% net profit.
A few years back I only had a mortgage in the UK when I decided to invest in a holiday home property in Cyprus. Today I dont have a UK mortgage due to that Cyprus investment and backed up by regular rental income for an average of 14 weeks a year. Apart from the appreciation value added to my Cyprus property investment, I have also been able to cover the monthly mortgage payments with the monthly letting income. The truth of the matter is that I have been able to buy a further 2 more Cyprus properties over the last couple of years, which is what really helped me to pay off my UK mortgage.
A booming new build market normally makes way for bargains to be found in the second hand property market. I have seen villas with 3 bedrooms, 2 bathroom and a pool for about 120.000 pounds sterling and all that with a sea view. I see this as a good long term investment and a good tip is to always offer about 15% less than the asking price as these guys like to haggle a bit.
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