Vacations
- November 22, 2008
Why You Should Buy a Villa In Cyprus
A really popular to live at the moment in Europe is Northern Cyprus and most might say that is down to the weather there. Cyprus has an incredible 300 days of blue skies and sunshine throughout a normal year. Cyprus is the third largest island in the Mediterranean and Northern Cyprus has also become a popular place to buy villas, as prices are very reasonable and you have an excellent chance of renting it out nearly all year round due to the perfect all year round climate.
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.
If you’re after making a few quick thousand bucks in a few years then I will virtually guarantee you can do by buying a Villa in Northern Cyprus. If you look at the property market in Northern Cyprus you’ll see that only 10% has been taken, so this gives you a great chance to make your money. Most people buy off plan, which is great because you buy your house cheaper, and when it’s built which can take around 18 months to finish your sat on a great amount of money.
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.
Making this kind of decision is not always easy so if you need more information and I mean completely independent information, then head over to a great web site at cyprusinformer.com and get informed. You will pick up some great advice and tips on every aspect regarding Cyprus and the blog will guide you in the right direction.
