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Posts Tagged ‘Cyprus Investments’

Cyprus Villas – Don’t Miss The Boat

November 29th, 2008 6 comments
by Tim Martins

Due to historical tensions between Greece and Turkey, Cyprus became a divided island and the northern part has been virtually cut of from the western world for the last few decades. On the other hand the southern part of the island has been virtually conquered by the British tourist industry leading to its over commercialization and higher prices. Due to recent talks over the separation of the island, there seems to be a feeling by all sides involved that the island will soon lose its border crossing. This would really open up the north and there is already a lot of property investment movement there and all the signs indicate that the time is right to invest in Northern Cyprus.

Although it is just a coincidence, the North has more natural beauty to offer than the South making it even more attractive investment wise. There is quite an amazing stretch of coastline to discover as well as a real traditional Cypriot way of life, untouched for so many years. It is not a real shock that development big time is taking place in the North, and their building confidence is due to the fact that final prices are 50% less than in the South.

Those people who have managed to buy direct from the builders have been making up to a 30% value increase on the day of signing. Kyrenia is the area where things are really developing as far as tourism is concerned, and in the summer you would be more than happy to be a holiday rental villa owner. The most recent of projects in this region is at East Kyrenia, where they are completing a major golf complex and a stunning marina. This popular area of North Cyprus is close by to the beach and it has mountains overlooking it, and the most amazing thing is that land prices here are just a fraction of those of other developing Mediterranean countries.

Property Development: Europe/EC has a reasonably stable economy at the moment and with the continent opening up, new opportunities arise as far as property investment is concerned. North Cyprus definitely falls into this category and people are already reaping the benefits of a fast developing region, so make sure that you too are one of the first. We only have to look around us today to see that money investment is a dodgy business with unstable share indexes and even banks closing, so the only real option left is property investment. It provides security and high steady long term growth, well it does in North Cyprus anyway so make sure that you consider it if you are contemplating property investment.

It is really Quite clear to see that Villas and apartments for sale in North Cyprus are one of the best investment opportunities on offer for a number of years as you can either opt in and then out for a quick profit or hold on and watch the value of your new investment grow. It goes without saying that the best deal can be found when buying off-plan, so this is where you will first need someone to make sure that you do in fact get the best possible deal available.

All of this development is increasing tourism and providing new routes to put the North on the map. In addition some travel agents are now offering dual holidays in the North and South part of the island. Negotiations to lift the International air embargo are, however, underway in Europe. This is supported by both the UK foreign affairs committee and the US. Tourism Investments: Tourism developments are actively encouraged by both the local government and the government of Turkey and therefore many incentives, funding assistance and tax breaks are available. For more information on Villas and Apartments for sale in North please visit CyprusInformer.com now.

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Cyprus Villas – Buy To Let Investments

November 24th, 2008 No comments
by Tim Martins

You may not be at all familiar with property market terminology so in layman’s terms “Buy to Let” means just that. You only have to buy a property, complete and then let it out. There is just one special rule to take into consideration and that it that your estimated rental income fully covers your mortgage costs.

If you decided to buy and then rent out your property you must remember there are two seasons, Low Season and High Season. A high season in Northern Cyprus will be around 7 months of the year, while the low season is the remaining months which are left, but don’t worry because Northern Cyprus as over 300 days of the year of clear blue skies and you’ll find that families like to get away from the dull winter to a nice sunny place like Northern Cyprus.

So let’s quickly run through a nice example of what it will cost you. Let’s say you looking for a property in the value of Euro 250,000, which you can get with a very nice sea view. If you’re buying new then you’ll have to put a reservation fee down for Euro 3000 and this will hold the property for you. After that you’ll have to put a 30% deposit down so that will be around Euro 75,000, don’t forget you have to take the Euro3000 off which you have already paid.

With the deposit out of the way we just have to deal with the 175.000 Euro balance, which we are going to finance. Have a good look at all of the different mortgage options but I would recommend a interest only mortgage, as this way your monthly payments are lower. We will take the best rate in current conditions then the resulting monthly payments work out at about 800 Euro, that being 9.600 per year.

The average rental over a 12 month period for a Northern Cyprus property is around 10 months plus. Now on a property valued at this much you can ask for the following rental prices; High Season Euro 2600 Per Month – Low Season Euro 1500 per Month.

So if we go into a little fine detail on the property we have just purchased, let’s calculate on it being rented out for around 6 months over the high season and about 4 in the low season. This you may be amazed to know works out at 21.600 Euro rental income in your pocket. Well you will have to appoint a property management company to take care of your payments such as community charges, but this won’t be more than 1000 Euro a year. Are you beginning to see why property investment in Northern Cyprus sounds interesting?

So if your fancy buying a property and renting it out why not try Northern Cyprus, over 2.6 million people visited Cyprus last year and this number is growing year by year, so you can see there is a massive market for renting. The blog at CyprusInformer.org is a very useful guide that we assist you in making the right decision on property in Cyprus.

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Why You Should Buy a Villa In Cyprus

November 22nd, 2008 No comments
by Tim Martins

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.

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Great Tips For Buying A Cyprus Villa

November 16th, 2008 No comments
by Tim Martins

The number one Holiday destination in Europe is now Cyprus, plus there’s a slow growing trend of people returning to buy property over there. Cyprus is a paradise island and has everything you need. At the moment the property market is on a very steady climb, so your better of buying sooner rather than later. If you are going to buy a Cyprus property make sure you research the market first.

Many people are looking abroad nowadays when it comes to buying a second property, so why Cyprus? I’ll tell you why, business here is carried out in our Language and you won’t be blind folded while signing under the dotted line. The villa rental trade is also at a high at the moment and villa owners are raking in the cash, so you can be guaranteed income even after having paid back the monthly mortgage payment. The weather in Cyprus will also guarantee you all year round sunshine making the holiday season so much longer, so maybe you are beginning to understand why Cyprus.

It’s quite incredible just how many old age pensioners and not so old pensioners are spending their winter months abroad in warmer climates. I like to think that the government heating allowance is being spent wisely and if you have traveled to Cyprus in the winter months before you would probably agree that our British summer is about the same as their winter.

Buying a property in Cyprus couldn’t be easier or more secure as the banks are more than willing to give out mortgages. It’s normally the way when the market is booming, but you won’t feel pushed as all the different mortgage options are explained to you in your language. You will only have to rent out your villa for between 16 and 20 weeks a year just to cover the monthly mortgage repayments and the rest is just profit.

In Cyprus at the moment as a non-resident you can get a 75% mortgage from a bank which is based on the property value, so give this a thought my friend. This would probably be the wisest investment that you would ever have made with triple benefits being the appreciation on the property, some incredible rental income and as many holidays as you want a year. You may rather spend that deposit money on a new flashy car or you could make an investment for the future. I am 100% sure what I would do and it wouldn’t have four wheels.

The majority of people you would have met in your life would have told you that their best ever investment had been in property. I have given you a whole range of reasons why Cyprus is the best place to invest in Europe at the moment;- English is spoken, the sun is always shining, the property market is on the rise and if I hadn’t mentioned it before you will feel at home with a left hand drive car. The word paradise was probably invented to describe Cyprus and I really haven’t got anything at all negative to say about the island. Anyway back to the investment and remember that it only takes about twenty weeks rent to cover the mortgage payment, so just imagine how long your holidays could be in Cyprus.

Another possibility to improve your financial situation would be to buy 2 villas and that way you would even be able to pay off your domestic mortgage. The sky’s the limit as far as Cyprus is concerned and it really is time you considered your lifestyle, because now you can improve on it drastically. Take the time to find out more on this subject as it really could be the answer to your next investment, and Cyprus really is worth considering.

I can only point in the right direction for more independent advice on investing in property in Cyprus, by sending you to a website found at Cyprusinformer.com as they have covered every possible doubt that you may have. You won’t regret one little bit finding out more about what will be the best decision you would have taken in your life.

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