A really hot place to live in Europe at the moment is the island of Cyprus and is probably due to its 300 sunny days it has each year. Cyprus is the 3rd biggest Mediterranean island and it's property expansion has some how managed to avoid the current economical crisis.
The island of Cyprus is still growing as property investments continue to rise and the word on the street is that people just love the all year round perfect climate of Cyprus. This means that the letting sector is really going strong as the season lasts so much longer than other holiday destinations.
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 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 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. - 15359
The island of Cyprus is still growing as property investments continue to rise and the word on the street is that people just love the all year round perfect climate of Cyprus. This means that the letting sector is really going strong as the season lasts so much longer than other holiday destinations.
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 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 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. - 15359
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Read these Cyprus Property Tips produced by the renowned Tim Martins and check out his Cyprus Travel Blog
