List Categories | List All Articles | List Articles By Title
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 firstname.lastname@example.org
For Sale in Ridgefield
Ridgefield Connecticut, located near the New York border, is a small, quiet town, and a great place to live. There are many types of homes that are for sale in Ridgefield, including luxury homes.
Look Past the Bottom Line for a Propertys Potential
It's unfortunate that many real estate investors tend to look at the bottom line when deliberating about a property, rather than the big picture. The real moneymakers in real estate investments are the people with vision, who think creatively, and are willing to assume some level of risk.
Do You Want To Sell Your Rehabs Fast?
That's an obvious question - we all do! So what is the trick? So much time and money is spent on systems updates, roofs, and structural issues, that many times there's nothing left for what really makes the sale: what your potential buyers see. And more importantly, what they fall in love with.
Four Reasons To Offer Seller Financing
An example of seller financing: Years ago I bought a rental property, and nine months later sold it for 15% more, without fixing or improving a thing. The easy terms are what sold it.
Top Tips for Buying and Selling a Home
BuyersLooking for a home-Use Internet for overview of properties, communities, and schools. -Visit potential neighborhoods at different times of day.
Home Appraisal Values Are Critical
To most, owning a home is a necessity, but sometimes it is a matter of pride or a business investment. Home appraisal values become relevant if one wishes to sell his house.
Buying a Home with Zero Down Payment in Irvine, CA
Years ago, the only person that could buy a home in Irvine with zero down payment using a new purchase money loan were Veterans of War (called a VA loan). In the past several years, there has been an explosion of new loan programs designed to fit most any buyers circumstances.
Fixtures, related to real estate, are items that were originally personal property but are now attached to the property itself. This becomes the toughest issue when tenants attach fixtures to a property.
Home Inspectors - Negotiating a Lower Price
To help you negotiate a fair sale price for a home, it's best to get an appraisal and inspection report. Even if you agree directly with the home seller on a sale price, you may want these items to safeguard the value of your new investment.
Branded Email in the Real Estate Industry
Branded Email in the Real Estate IndustryYou're in the real estate industry, and that means you've got a brand. Chances are, you've spent quite a bit of money to build that brand, whether it's through franchising fees, marketing, websites, business cards, other print materials, advertising, yard signs, and/or through other means.
Home Sellers Warning for Young Families
If you're thinking about selling your home and moving up, do your homework before offering your home for sale. Read the following story to see what can happen to home sellers who don't do their math.
U.S. Real Estate Sought By Foreign Investors Due to a Weaker Dollar
The weak US dollar has been good news for real estate. Taking advantage of the favorable conversion rates, foreign investors are eagerly picking up real estate in major cities across the US.
Real Estate Inspection - Do Your Own
Why should you do your own real estate inspection? To get a better deal. It isn't necessary to learn building codes, and you probably should use a professional inspector in any case.
Sell Your Home Without Paying Any Commissions
All of us know that real estate commissions can work out to quite a bit of money - anything from a few thousand dollars with discount brokers to 6% in commissions with full-service agents. That's a substantial sum of money to be paying for something you could very well do on your own.
Successful Property Letting And Management
Successful Property Letting And Management is not something that just happens, it is something that has to be worked at, and planned professionally. When a landlord or an agent has a problem let, it is almost certainly to do with the suitability of the selected tenant.
Industrial Income Property Financing: Part 3 of 3
Financial ConcernsOf the three types of income property, industrial property requires the greatest degree of technical expertise and experience. Likewise, financing the acquisition of an industrial income property can be, at best, very risky without adequate planning and know-how.
How Can Real Estate Investors Profit From The Internet?
The Internet is a powerful marketing tool, but just how can a real estate investor make the best use of Web pages?We've spent some time experimenting with Web sites and we've found a couple of ways that they can be useful.First.
Stay Motivated With REI Till The Deal Comes
I know many investors step into the game of real estate investing with high hopes of landing the deal that will turn their financial situation around and yes some do and this is not for you - this is for the investors still looking for that first deal!The best way starting out in this business, staying motivated and sticking to real estate investing has to do with one big factor!Keep your JOB - Yes you may be "Just Over Broke" but real estate investing comes with no guarantees of doing a deal in 30, 90, or 120 days as a matter of fact deals come and they go. real estate investing has its good times and it's bad times!You need a source of income and without it the likely hood of failure will soon follow!Having a stable income is the number one goal to having financial well being and your mental and emotional well being also.
Property Investing - Am I Buying for Profit or Prestige?
All of us have emotional preconceptions and assumptions. They are reinforced and fine tuned by our experiences of life, be they traumatic, disciplined or consistent.
Will a 1031 Property Exchange Solve Your Problems?
If your problem is listed below, a 1031 exchange may or may not be your solution.1.
home | site map
All articles are copyright to their owners.
Note: this website lists articles, We do not Write Articles !