June 12, 2009
Why Has Cyprus Become The Hottest Place To Buy Property
So why should you go and buy a property in Cyprus?
Simple it's Europe's number one spot for holiday makers, plus it makes great sense to invest in your future. Cyprus properties are now the hottest items in the real estate market for Europe. Over the last 5 years analysts have been predicting this trend will keep rising and the last 4 years they have got this right.
In fact if you had bought a Cyprus property 5 years ago for around 150,000 euros it would now be worth somewhere in the region of 300,000 euros, and in some places even more, plus your not paying for it if you rent it out, now is that not easy money?
How hard is it to get a mortgage on a Cyprus property? Well most Cyprus banks will lend you the money with out any problems, in fact if your a none resident and need to raise capital for your investment property it as never been easier than now.
What we have been finding over the last 5 years or so are more and more English people are getting fed up with the English weather, which is driving more and more people abroad. So the market for rented property is booming. You will find more investors investing there money in properties abroad because there know that there capital is more secure and it has a better investment future with house prices rising higher than in the UK.
Investing in Cyprus properties has become a great exciting new opportunity. If you could roll back time say 10 years ago, how many of us would have bought a property in Spain or South of France? I guess everyone would have because guess what you would now be sitting on a nest egg worth around half a million pounds and even more in some places.
The property prices in Cyprus are approximately a third of the cost of properties in Spain now, but this will change over time.
So just why should you buy and rent a property in Cyprus? Easy, it's become the number one place to go for family holiday, it has over 300 days a years a clear blue sky's, some of the best beaches in the world, it cheap to live there, very friendly people and the best of all property prices are very cheap and are doubling in prices within 5 years, which makes sense for a great investment.
Buying real estate in Cyprus has never been easier and if your looking for more FREE information on Cyprus Property or you would like to talk to some about it make sure you visit cyprusinformer.com out. It has to be one of the best review sites on the internet for information on purchasing and renting property in Cyprus.