Looking Behind Property Sales In North Cyprus
November 24th, 2008 by Tim Martins, under Vacations. No Comments
When people start out looking for property in Cyprus, they will look over all property types on offer, although anyone on a low budget will probably have to conform to an apartment. The best advice you can get for buying an apartment in Cyprus would be to have a good look round the Island, as prices can differ quite a lot depending in which area you are looking in. Always be wary of the most incredible offers and make sure you do a bit of investigation work into why a property is so cheap.
Cyprus is the ideal place to buy a second home as there are so many benefits and you will see the difference it makes to your life immediately. It is so important to start things off on the right foot and we certainly don’t want to have any fuss at the purchase stage. It is a must that you have any doubts you may have answered by the agent and the owner, as there are often discrepancies. If you are unable to have contact with the owner then you should go back on your own and try and get in touch with one of the neighbors. If you find that everything is in order then make an offer and never accept the asking price. Remember that the vendors are in a rush to sell and they won’t want to waste any time.
It is so important to get as much local knowledge as possible so that the operation finalizes smoothly. It will be more beneficial for you if you are a cash buyer and if not that your mortgage is already approved. You might fall at the first fence if you are caught up in a chain, so try and find out how the vendor is fixed for completing on time. Dealing with estate agents can be a tricky business anywhere, so make sure that you look at several and try and view a few properties from each. You will no doubt get a good feeling for somebody, so then just carry out a bit of internet research on that particular estate agent. Do let anyone push you and make sure you end up buying what you set off to buy and if you just aren’t sure, then leave it for a while.
When the market begins to slow, then the balance of power is on your side as the buyer. When there are fewer buyers then there are properties to buy, the seller has fewer options, and may be willing to listen to lower offers just to sell his property and go to the next. Nonetheless, in some parts of Cyprus, this isn’t the case, since there the demand outstrips the supply, and this means that property prices in Cyprus remain rather high. Still, prices for cheap studio apartments in Cyprus are still less than they are in the UK. You may yet be able to afford that dream home in Cyprus - perhaps a villa instead of just an apartment!
When looking into a possible purchase and especially at an agreed price, you need to take into consideration what it will actually cost you in refurbishment costs in order to get the property up to top standard. Take a professional along with you and get a quote for any work that need carrying out and then make sure that this amount is reflected in your offer. You may also want to take into account a bank survey as this price is what the bank considers as it’s value. It is a good independent way of finding out if you are getting a bargain or not and you could consider it as an insurance policy for not getting ripped off.
The so called boom years may have gone in certain parts of Europe, but Cyprus is just flowing with investment opportunities. The property investment sector is headed by the sale of small studios and one bedroom apartments which are ideal for couples. The low budget sector is in fact ideal for those people with limited resources as they will not only end up with a second property, but also with a holiday home and a source of additional income as they are ideal for letting out.
If you need to carry out any further research I would suggest that you take a look at the Cyprusinformer blog, which is full of useful tips from independent sources. You will be so glad you found this site if you really are considering the purchase of a property in Cyprus, as your eyes will be opened to everything that needs to be known in this field.
Holiday Rental Villas In Northern Cyprus
November 23rd, 2008 by James Beck, under Vacations. No Comments
If you have chosen Cyprus as your holiday destination then it really wouldn’t be the same if you didn’t include a villa rental. The service provided is of outstanding quality and around the clock and you have a variety of options available by the beach in both rental villas and rental apartments.
One of the most visited islands in the whole of Europe is Cyprus due to it’s rich cultural background and everyone speaks English. Rental villas are available at varying budgets but one thing for sure is that corners are never cut on either quality or excellence. You won’t be disappointed with whatever type of villa you chose as you will be in the heart of an island paradise with so much to explore. One good tip before you book is to have a good look around on the internet and find exactly what suits you.
The island of Cyprus has a complete range of rental villa accommodation throughout with a great example being the Coral Bay Villas which are conveniently located on the coast within walking distance of the Mediterranean Sea, making it an ideal destination for all you water sport lovers.
If you lead a really hectic life in the city and your dream is one of silence and tranquility, then you should head over to Cyprus and enjoy one of many remote rental villa hideaways. You will just lap up the peace and quiet in a villa that will provide you with all your necessities in every way.
There are villas for all occasions and Cyprus is a great venue for weddings, so large groups are able to all stay under one roof. I thought only the bride and groom were supposed to get a honeymoon but not in Cyprus as it is a paradise that everyone should be able to experience and the fiestas are just something else.
For those of you who like to escape the cruel winter months in the UK there are some amazing luxury villas with heated swimming pools in some really quaint areas such as Pervolia and Kato Paphosup. The villas also provide for large gardens that will guarantee you a holiday with complete privacy. There is also a really testing golf course on the Secret Valley Resort which comes highly recommended and make sure you hire a car with GPS to avoid missing your tee off time.
The ‘Villa Club’ is an ideal family retreat found just west of Kyrenia and offers a variety of Cyprus rental villas situated in a paradise of greenery, orange and lemon orchards and facing onto the Mediterranean Sea. The amazing golden beaches offer a variety of water activities including skiing and scuba diving. The villas are just as short drive from the airport and within walking distance of shops and restaurants and everything is very well connected by the public transport system.
Buying A Villa In Cyprus
November 22nd, 2008 by Tim Martins, under Vacations. No Comments
A really popular 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 can find almost everything in North Cyprus and apart from the climate you also have lower all round prices, an ancient culture, very amicable locals and a safe and secure environment, making this the ideal place for property investment.
If you’re after making a few quick thousand bucks in a few years then I will virtually guarantee you can do by buying a Villa in Northern Cyprus. If you look at the property market in Northern Cyprus you’ll see that only 10% has been taken, so this gives you a great chance to make your money. Most people buy off plan, which is great because you buy your house cheaper, and when it’s built which can take around 18 months to finish your sat on a great amount of money.
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.
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.
If you are on the verge of buying a property in Cyprus then make sure you have a look at the site at cyprusinformer.com for the very best in independent precise information. They also have a blog where you will find a whole bunch of articles which touch on all types of property and holiday aspects about Cyprus.
Cyprus Villas - The Safe Purchase Guide
November 22nd, 2008 by Tim Martins, under Vacations. No Comments
Anyone who has ever tried to set about looking into buying a Cyprus holiday villa whether it be as an investment or just owning your own holiday home, you will know that it is a bit of a daunting task. Many people tend to rush into things and just don’t take the necessary time to look into buying a holiday home in Cyprus properly.
Traditionally prospective buyers will view a whole bunch of properties through one or more property agents, although others do try and take an independent approach to the matter. The thing is it doesn’t really make any difference if you have not made the effort to get factual guidance to buying your property in Cyprus.
A popular property investment that took off in Spain is the purchase of property “off plan” and had been very successful there until many property developers went bankrupt and all of the investors stood to loose all of their money. This has not happened in Cyprus jet but even so their is always some risk involved when you are offered a bargain.
There has been a bit of a property boom recently in Cyprus and it looks like things are going to be done properly here. maybe it has something to do with the fact that their legal system is based on the British one. The good news is that when you sign for your property at completion it will already have increased in value, but the bad news is that if you don’t get that advice on property investments in Cyprus, it may not be the case.
You may be pulled in by a single property developer with what seem to be a very generous offer, but make sure you don’t get sucked in. You really need to look at other areas that may be closer to the beach or higher up and maybe the properties will work out even cheaper. The bottom line is that it doesn’t do any harm to have a good look around.
Recent tourist influence has lead to many cheap flights going into Cyprus so why not take advantage and take a property viewing tour. This of course, once you have done the necessary research and if I could only recommend one, then it would be a very productive blog over at cyprusinformer.com. You will find a clear picture of what awaits you on your mission to purchase an investment property in Cyprus.
Cyprus Villa Rental Guide
November 20th, 2008 by Tim Martins, under Vacations. No Comments
You need to be made aware of the most important points that should be considered if you are at the point of renting a holiday villa in Cyprus. By following these basic rules you will avoid any possible disaster in the event of renting a holiday villa in Cyprus and get the best out of your time spent there.
On top of the list is the letting agency that you use so make sure it comes with a recommendation or that it is of reputable standing. Never pay any money out until their complete contact details have been confirmed and not only a mobile telephone number. Always use a web site that has a list of satisfied customers and try and contact some of them. Also have a look one of the social bookmarking sites such as stumbleupon where people leave genuine comments regarding site content or services offered. Always pay via PayPal for on line payments so if you haven’t signed up yet, head over to their home page.
You could also use the Google search box to see if the letting company has a dark past and you could be surprised at the results that Google finds. In order to check up on quoted prices you could always have a quick look at prices in a traditional high street travel agents as a good comparison. You will also be need to be wary of prices shown in Euro but this too can be confirmed by on line exchange rate sites like xe.com.
It is imperative that you have Cyprus rental villa arrival instructions as you might need to get to your holiday destination on your own or at least with the aid of a taxi driver. Another great free on line tool is Google Earth which will reveal exactly where you are staying and you will be able to see the surrounding area too.
If you have reached this point and you are concerned about any reservation that you may already have made, don’t worry yet as it may still be possible to change your holiday reservation. Just follow this guide to find an alternative rental villa in Cyprus and I really do hope that you have a fantastic holiday this year.