Cyprus Investments - Investing in North Cyprus Property
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.
You will find it hard to find a better holiday location in Europe at such great prices. This popular destination in Europe also boasts one of the oldest cultures to explore and the current local population are just so friendly. With those blue skies in mind, property investment in Cyprus has become one of the safest places to invest. You will also find to be a very safe environment to live in as it boasts the lowest crime rate throughout the EU.
If you are just looking for a quick return or even a long term investment, you need look no further than purchasing a villa in Northern Cyprus. You will be surprised on the amount of development that is still going on there and this alone will give you the confidence you need. The smartest way to make money is through buying off-plan and that way by the time it has finished in about 18 months, you will have already made a big 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.
The second hand property market also has plenty of bargains to offer and an average 3 bedroom, 2 bathroom villa with private pool and sea view can be picked up for as little as 120.000 pounds sterling, so keep your eye for this type of offer as they don’t hang around for long. The best tip I can give you at this stage would be to always make an offer about 15% under the asking price and you’re in business.
