Tuesday, November 25, 2008

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 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 wouldn't be telling you all this if I couldn't back it up, but I have bought several villas in Northern Cyprus over the last few years. The conclusion to my investments is that each villa has appreciated by an average of 25% per year and I only have to rent them out for an average of 14 weeks per year in order to cover the monthly mortgage repayments. Not only that, but I have managed to clear my UK mortgage in just 3 years, so I am a winner on all fronts.

You are just as likely to find a good bargain in the second hand property market and you will be amazed to find that an average villa with 2 bedrooms and two bathrooms including pool and sea views can be picked up for a round 120.000 Uk pounds, so keep your eyes peeled. Now if you have got this stage and you are in contact with the vendors, then make an average offer of about 15% less than the asking price and you won't be far away from making the best deal of your life.

Making this kind of decision is not always easy so if you need more information and I mean completely independent information, then head over to a great web site at cyprusinformer.com and get informed. You will pick up some great advice and tips on every aspect regarding Cyprus and the blog will guide you in the right direction.

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