The Advantages Of Buying Your Villa in North Cyprus
Cyprus has so much to offer as far as romance, historical background and sun are concerned. Cyprus is one of those places that if you’ve been there once, well you tend to back there every year. It is such a popular holiday resort that a lot of people also end up buying their own villa in the heart of a paradise island. Buying a villa in Cyprus is still a great investment prospect as prices are still rising, the boom is set and the bubble hasn’t burst like it has in Spain and the UK.
I remember this very well, and I must admit I bought several properties back then and made a small fortune, I still have them all now and they are all rented out to this present day. So why am I telling you this? Well Cyprus is even a better place than the UK, because first of all you get the beautiful weather 365 days a year, cost of living is cheap, the housing market at the moment is cheap, and the best thing is renting.
So are you ready to see how much you can make through property investment in Cyprus? Well you might be amazed to know that a normal 3 bedroom villa can rake in an average of 800 Euro in the peak season. Easy money and than to top that there is great long term rentals in the off season as many Brits seek to get away from the nasty UK winters, which all in all will make a tidy little sum from all year round rental income.
You’ll find your rent is nowhere near 1000 Euro a week, it’s not far off being half of that, but if you work this out you’ll still be making 2000 Euro a month on rent, so less you mortgage you’ll still be coming out on top. So it’s better to dip your feet into the Cyprus property market now and get them wet, than just thinking about it, but always do your research before buying your dream villa.
Another advantage about buying a villa in Cyprus is that you certainly will not have any communication problems. The banks and building societies are also very keen to get your business and will offer up to 75% mortgages to non-residents. Your legal representation will be bilingual and they will guide you through every step of the purchase and will make sure that when you complete there are no remaining outstanding bills on the property. All this and a smile for around 600 Euro and when it’s all over you’ll be the one with a big smile on your face.
All in all apart from feeling happy with yourself about buying a villa in sunny Cyprus, you can also feel very content with the various options you have to both make some extra income and have a holiday home throughout the year for you to be able to take advantage of as well. If you would like some more great free investment tips for Cyprus villas, take a look at this blog… http://www.cyprusinformer.com/blog/