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Business Real Estate Cyprus Investment Tips - Investing in North Cyprus Property
Business Real Estate Cyprus Investment Tips - Investing in North Cyprus Property
| Cyprus Investment Tips - Investing in North Cyprus Property |
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| Written by Tim Martins |
| Tuesday, 16 September 2008 08:26 |
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A really popular place 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. North Cyprus offers a unique package of lower year round prices, one of the oldest cultures in Europe, friendly locals, excellent security with low crime rate and don't forget those constant blue skies. All in all you really cannot go wrong with property investment here and you are about to discover more reasons why. Should you be considering a quick profit or a long term investment, then you will find that Northern Cyprus is the place for you. In Cyprus new villas and developments are still being built and you won't see any cranes standing still here. If it is a quick profit that suits your needs, then just buy off plan and then 18 months later you can sell on completion, leaving you with an average 15 - 25% net profit. I had a UK mortgage until recently and I am so glad that I managed to pay it off, otherwise I would have been in trouble by now. How did I do it you may well ask and you just won't believe how easy it has really been. I invested in a Cyprus villas about 3 years ago and was then able to rent it out on an average of 15 weeks per year. This covered the mortgage payments and I was able to invest in 2 more villas over the following years. All the extra income has helped me pay off my UK mortgage and I also have 3 villas that have virtually doubled in price. As the new build market takes off and continues to grow, the resale market takes a bit of a bashing, so you need to be ready to pick up a few bargains as a good long term investment option. An average 3 bed, 2 bath villa with pool and sea views can be picked up for as little as 120.000 pounds sterling. Always offer about 15% under the asking price and you will be surprised at just how many people will go for it. About the Author: Discover these Cyprus Property Tips produced by the illustrious Tim Martins and check out his Cyprus Holiday Blog Kindly provided by MoneyHunter.org You are welcome to use this article on your own website, if you include the link just before this text. |
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