Friday, November 21, 2008

Tips On Buying A Villa In Cyprus

By Tim Martins

Northern Cyprus is becoming the in place to live in Europe, and one of the main reasons is the weather. Cyprus can boast over 300 days a year of clear blue skies and glorious sun shine through out the year. Plus another great plus point about Cyprus is it's the third largest Island in the Mediterranean. Another great reason why you should buy a villa in Northern Cyprus is because its cheap to buy and you have no problem in renting it out if you wish to.

You may be surprised at just how much Northern Cyprus has to offer you and that's apart from the weather. You will be amazed at the low prices in almost every sector and you will be taken aback from the rich cultural side of this island. The people on the island are so friendly and would feel how relaxed and secure people are, and it won't take you at all long to see what this island has to offer a property investor.

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.

If you are on the verge of buying a property in Cyprus then make sure you have a look at the site at cyprusinformer.com for the very best in independent precise information. They also have a blog where you will find a whole bunch of articles which touch on all types of property and holiday aspects about Cyprus. - 15266

About the Author: