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The Advantages Of Buying Your Villa In Cyprus

Feb 21, 2008
Cyprus is extremely generous when it comes to offering either a romantic memory, a historical adventure or just a sun filled stay. It has that affect on people that once you have been, you just have the urge to go back year after year. It forms part of peoples life to such a degree that they can't resist the temptation of buying their own villa in the sun. If you are still thinking about it, well Cyprus is still a booming property investment island as growth is abundant and the bubble doesn't look like bursting yet like it has in Spain or the UK.

I was very fortunate back in the 90's and bought several properties in the UK and made a mint. I still have the same properties but with tenants with them, and this is why I think you will find Cyprus so interesting now. A part from the fact that Cyprus has almost perfect weather conditions throughout the year, the cost of living is also cheaper and with are lower cost housing market, renting is a wonderful way to rake in the cash.

So are you ready to see how much you can make through property investment in Cyprus? Well you might be amazed to know that a normal 3 bedroom villa can rake in an average of 800 Euro in the peak season. Easy money and than to top that there is great long term rentals in the off season as many Brits seek to get away from the nasty UK winters, which all in all will make a tidy little sum from all year round rental income.

If you want to see an all year round average monthly income, it would be about 2000 Euro making this property venture a very profitable one as the mortgage payments would work out to less than half of that. Don't miss the boat as the time is right now, although it is advisable to do some good research before you decide on buying your own dream villa in Cyprus.

Another advantage about buying a villa in Cyprus is that you certainly will not have any communication problems. The banks and building societies are also very keen to get your business and will offer up to 75% mortgages to non-residents. Your legal representation will be bilingual and they will guide you through every step of the purchase and will make sure that when you complete there are no remaining outstanding bills on the property. All this and a smile for around 600 Euro and when it's all over you'll be the one with a big smile on your face.

So when you sum this up and look at it as an investment to your future it makes great financial sense. Your Cyprus villa allows you to sit back and watch your financial wealth grow, plus you can have your dream holiday when ever you like. Check out some more really good tips regarding investment in Cyprus on this blog... http://www.cyprusinformer.com/blog/
About the Author
Discover this Free Cyprus Holiday Rental Newsletter And Blog produced by the renowned Tim Martins
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