Deprecated: mysql_connect(): The mysql extension is deprecated and will be removed in the future: use mysqli or PDO instead in /home/a26f9f83/public_html/articles/includes/config.php on line 159
Property Investment - Buying A Holiday Home in Cyprus > NetSparsh - Viral Content you Love & Share

Property Investment - Buying A Holiday Home in Cyprus

Cyprus is fast becoming a property hotspot for thousands of British holiday home hunters disillusioned with the overdeveloped and overpriced Costas. Famous for its spectacular beaches, a climate that gives more sunshine days than Spain and its rich and varied history, Cyprus offers a perfect mix of foreign and familiar.

Whether you're looking for a romantic mountain retreat or a villa by the sea, buying a property in Cyprus is a relatively uncomplicated process. Much of the paperwork involved in purchasing a property was simplified in the run up to EU membership and an English based financial and legal system means that the buying process is quite familiar to most British investors.

Many experts predict that the Cypriot pound's replacement with the Euro in 2007, will stimulate a 50% rise in property prices so now is an excellent time to jump on the property ladder in Cyprus. But where are the best places to buy and just what type of properties are available?

Paphos is one of Cyprus's most beautiful towns. Located on the south-western coast, the area is also one of the quietest and most peaceful coastal spots on the island. Though the last five years have seen more developers building in Paphos, the essence of the quaint fishing village that existed here before mass tourism remains in tact. Here you can expect to pay £59,000 for a one bedroom, fully furnished apartment. If you have £240,000 you could own your own villa on a 700 sqm plot with pool included. More and more golf developments are being built to cater to demand and a two-bedroom apartment on a golf complex is likely to cost in the region of £150,000 to £180,000.

Moving around the coast to Limassol, property can be picked up at prices 10-15% cheaper than in Paphos. This might be due to the fact that being the commercial and industrial centre of the South Coast, Limassol lacks much of the character and charm that small towns such as Paphos have. The missing seaside feel however doesn't deter the British. Employment opportunities are far more plentiful here and this may explain why 20% of the British expat community live in Limassol. A three-bedroom villa in Limassol comes in between £180,000 to £200,000.

For those who want to avoid the tourist and expat enclaves, a trip into the Troodos Mountains will yield surprising results. The lush green hills and stunning scenery hide hundreds of small villages where the real Cyprus can still be experienced. Renovation projects are plentiful and one of the best ways to find out what's on the market is to travel into the villages and ask the locals. Stone cottages in need of renovation sell for as little as £60,000 and can be restored for £30-40,000, meaning that a stunning mountain hideaway in Cyprus can cost as little as £100,000.

If you are the adventurous type, you might fancy building your own villa. While there will always be headaches where new builds are concerned, this approach can be significantly cheaper than buying off-plan. There is also much greater control over the type of property you end up living in and standards are likely to be higher. Designing and building your own villa means liasing with architects and builders. While your architect is likely to look after the administrative end with regard to permits and planning, it is always best to be close on hand during the building process. The alternative is to employ and individual or agent to look after this for you. Building your own villas is likely to be up to 40-50% cheaper than buying from property developers and you won't pay extra for the granite floor or air conditioning!

Cyprus is definitely the one to watch. With EU membership, the country is enjoying an influx of funds that are helping to further develop the infrastructure. It is now possible to obtain mortgages in Cypriot pounds and interest rates are already falling and are likely to drop further when the currency enters the Eurozone! All this bodes good news for the Cypriot property market and for those who missed the property boat to Spain, now is the time to jump on board and cash in on the property boom on beautiful Cyprus.

Tracey Meagher is a property advisor and journalist. She owns and maintains Property Newsdesk, an information website that reports property news from around the world. Email any property related questions to tracey@propertynewsdesk.com

In The News:

This RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news

Mansion Global

Manhattan Real Estate Feels Summer Slump
Mansion Global
Manhattan's real estate market is feeling the lazy days of summer as buyers and sellers head out of town for vacation, leading transactions to fall in the city, according to the weekly Olshan Report on Monday. Only 14 contracts were signed for homes ...

and more »

Forbes

Tracking E-Commerce To A Career In Industrial Real Estate Brokerage
Forbes
Doubts of growing your retail brick-and-mortar clientele have you reaching for antacid from the bubble wrap parcel on your porch? Don't post a “closed” sign on your commercial real estate journey. Instead, consider pivoting to 32-foot clear heights and ...

and more »

WVXU

Bitcoin-Only Real Estate Deals On The Rise
WVXU
Using only bitcoin, 20 homes have been sold worldwide, and that number looks to get bigger. In fact, the Miami, Fla., real estate agent that brokered two of those deals, Stephan Burke, says cryptocurrency will make up 25-30 percent of real estate sales ...


South China Morning Post

Growing protectionism could slow investment in real estate, infrastructure by sovereign wealth funds
South China Morning Post
But Bernardo Bortolotti, director of the sovereign investment lab at Bocconi University and co-author of a report showing a slowdown in sovereign wealth fund real estate and infrastructure investment in 2017, said the high watermark for private deal ...
Sovereign funds back off real estate, infrastructure in 2017 – surveyPensions & Investments

all 8 news articles »

Real Estate Transactions Recorded July 1- 7, 2018
Aspen Daily News
Grantor: John G. Lesh, Laurie C. Lesh. Grantee: Ivo Bensch, Mirka Bensch,. Property: Redstone 68, Redstone 68A. Cost: $280,000. Grantor: M. Schwartz LLC No. 1. Grantee: R & S Hansen LLC. Property: 1/2 interest Le Chamonix 11. Cost: $720,000. Grantor: ...


Wall Street Journal

Lawsuit Accuses Westchester Real Estate Firm of Conflict of Interest in Home Sales
Wall Street Journal
The suit takes on a thorny issue in real-estate transactions known as “dual agency,” when the same brokerage firm, and sometimes the same agent, represents both buyer and seller. These arrangements create a conflict of interest that can compromise the ...


KVUE.com

Tenants Are Suing Jared Kushner's Real Estate Company For Forcing Them Out Of Their Homes
KVUE.com
Jared Kushner's real estate company is being sued as tenants describe being pushed out over hiked up rent prices and unlivable conditions. Published: 6:59 AM EDT July 16, 2018. Updated: 7:40 AM EDT July 16, 2018 ...


Press & Sun-Bulletin

How much? Tioga County real estate transactions
Press & Sun-Bulletin
The buying landscape has changed and so has the technology. From 3D home mapping to live periscopes, real estate agents are changing the way people search for their next home. 636392126050977493-homesold.jpg. Home sold (Photo: .).


Greenwich Sentinel

Column: First Half 2018 Real Estate Market Report
Greenwich Sentinel
Overall, if you take what used to be called the Klein index (sales price/assessment), when Stanley Klein's numbers were the bible with what was going on in Greenwich real estate, you get 7.8% appreciation for all the sales since the Tax Assessor's last ...


Omaha World-Herald

Residential real estate transfers, July 15
Omaha World-Herald
Whisper Rock Holdings LLC to Cambridge Homes LLC, 2505 N. 185th St., $25,000. Whisper Rock Holdings LLC to Cambridge Homes LLC, 2609 N. 184th St., $70,000. Lanoha Real Estate Company Inc. to Briley Enterprises LLC, 2361 S. 220th Ave. $76,500.

Google News

Build Your Retirement By Investing In Real Estate

Most people buy one or two properties. One is their... Read More

Can I Sell My Private Mortgage Notes?

In this country millions of homes are sold every year.... Read More

Curb Appeal

First, lets start with what it is. Curb appeal is... Read More

Buying Property In Spain

It's high time someone advocated the use of common sense... Read More

Buying Property in Portugal

Portugal has long been a popular choice for people, particularly... Read More

Property Investing Secrets 9

Property Investing: Here Are Two Important Tactics You Must Do... Read More

Golf and Waterfront Living: Live, Play, Relax

With today's planned lifestyle communities, golf and boating enthusiasts have... Read More

Real Estate Problem Solver

IntroductionThere are many areas one can invest in. Since I... Read More

Real Estate Investors: How to Get a Powerful Marketing Education for Free

I am a total geek.A few weeks ago, late at... Read More

Russ Whitney and Real Estate Investing Gurus

There is curently a huge real Estate boom in America... Read More

Hassle-Free Homebuying

Perhaps you'd like to take advantage of today's great buyer's... Read More

Selling Your Home Yourself ? Pricing It Appropriately

When you're selling your own property, whether it's a house,... Read More

Investing in the Baltic Tiger: What Has Estonia Got to Offer?

Estonia's reputation is growing within the property investment market. Rising... Read More

Cashing Out of Preforeclosures - Exit Strategies for Maximum Profit

One of the quickest ways to real estate profits is... Read More

Equity

Equity is the value of your home minus what you... Read More

Real Estate Investors Kick Away $1,000

Those new to real estate investing often fail to take... Read More

A Log Home Story

Solving problems while maximizing valuesThis story has a few good... Read More

FSBO: For Sale By Owners Chapter IV [part 1]

Like a monarch, Red Haring reigned in the deep leather... Read More

How Do I Implement The Lease Purchase Plan?

Well, as we have discussed in previous newsletters first you... Read More

What Is a CMA

"CMA" is an abbreviation real estate agents use for a... Read More

Negotiating A Short Sale ? The High Road to Huge Foreclosure Profits

Buying foreclosures can be extremely profitable for real estate investors.... Read More

Panama is Hot - A World Class Retirement Haven Thats Ripe For Profitable Real Estate Investment

If you've followed any of the major survey agencies around... Read More

Real Estate Investment Requires A Team

I had a hard time at first with real estate... Read More

Commercial Income Property Financing: Part 1 of 3

Welcome to this first portion of a three-part series about... Read More

Find the Right Apartment Quickly and Easily Using an Apartment Locator Service

You've probably seen the ads or heard about apartment locators.... Read More