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.
North Cyprus offers a unique package of the lowest all year round prices, one of the oldest European cultures, friendly local residents, excellent security with a very low crime rate. On the whole you really cant go wrong with property investment in Cyprus and you are about to discover more reasons why.
It doesn’t matter if you are looking for a rapid profit or a long term property investment, then you will find that North Cyprus has the perfect environment to achieve your financial goals. In Cyprus new villas and developments are under way and you probably wont see any cranes laying idle in Cyprus. If it is a fast profit that suits your Cyprus apartment investment needs, then you should think about buying off plan and then sell on completion about 2 years later, resulting in an average 15 – 25% net profit.
A couple of years ago I just had a mortgage in the UK and then I decided to invest in a holiday apartment property in North Cyprus. Today the UK mortgage is history cause the Cyprus apartment investment along with regular holiday rental earnings 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 pay the monthly mortgage payments with the monthly apartment rental income. In the wake of my first Cyprus property investment success I bought an additional 2 apartments, which is what eventually helped me to erase my UK mortgage.
A booming new build villa property market normally opens the door to bargains on the second hand property market. I have seen Cyprus properties with 3 bedrooms, 2 bathroom and a pool for round 120.000 pounds and all that with a sea view included. I believe this to be an excellent long term property investment and one good tip is to always offer about 15% under the asking price.