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Discovering North Cyprus Villas
Written by Tim Martins   
Saturday, 29 November 2008 08:06
The hottest place to reside in Europe at the moment is North Cyprus and is down to the close to 300 sunny days it has every year. Cyprus is the 3rd biggest Mediterranean island and the property boom here has managed to sidestep the present economical crisis.
by TimMartins


The hottest place to reside in Europe at the moment is North Cyprus and is down to the close to 300 sunny days it has every year. Cyprus is the 3rd biggest Mediterranean island and the property boom here has managed to sidestep the present economical crisis.

The island of North Cyprus is still maintaining a steady growth in GDP as cyprus property investments continue to rise and the real deciding factor to these conditions is the wonderful climate that Cyprus possesses. This means that the apartment rental sector is as solid as a rock as the Cyprus tourist season lasts a lot longer than other European holiday destinations.

North Cyprus offers a unique package of the lowest all year round prices, one of the oldest European cultures, friendly local residents, excellent security with a very low crime rate. On the whole you really cant go wrong with property investment in Cyprus and you are about to discover more reasons why.

Should you be considering a quick profit or a long term investment, then you will find that Northern Cyprus is the place for you. In Cyprus new villas and developments are still being built and you won't see any cranes standing still here. If it is a quick profit that suits your needs, then just buy off plan and then 18 months later you can sell on completion, leaving you with an average 15 - 25% net profit.

A couple of years ago I just had a mortgage in the UK and then I decided to invest in a holiday apartment property in North Cyprus. Today the UK mortgage is history cause the Cyprus apartment investment along with regular holiday rental earnings for an average of 14 weeks a year. Apart from the appreciation value added to my Cyprus property investment, I have also been able to pay the monthly mortgage payments with the monthly apartment rental income. In the wake of my first Cyprus property investment success I bought an additional 2 apartments, which is what eventually helped me to erase my UK mortgage.

This boom in the new build villa property market has opened the door to some real bargain prices on the resale property market. I have been shown Cyprus properties with 3 bedrooms, 2 bathroom and a pool for round 120.000 pounds and all that with a sea view included. This really is an excellent long term property investment and one good tip is to always offer about 15% under the asking price as it is common practice here in Cyprus.

About the Author:

Read these Cyprus Villa Tips written by the renowned Tim Martins and check out his Cyprus Holiday Blog
 


Stephen Meyer

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