Considered buying a property, golf property or an investment property in Cyprus? Why? with certain factors taken into account, you are truly able to obtain the best deasl in the last ten years for your money.
We will..! find you the best deals in your Cyprus property search! From investment through to golf property as well as resale.
(1888PressRelease) February 12, 2010 - Many people involved in real estate have been aware that Property in Cyprus has been one of the best perfomers in the global market for the last ten years. Although there has been a slowdown relative to the worldwide recession, it does not in any way alter the fact that this is still the place to buy and invest for at least the next decade to come. Just what are the factors that make this the case!
Firstly about two years ago there were properties in Cyprus selling for way over two million Euros and most of these were little more than shoe boxes in size and even these were selling despite poor locations as well as due to the huge demand for property here. Thanks to the recession you are able to procure for example one of the finest goling properties in one of the truly most stunning locations worldwide. " The author has played golf in some of the finest settings in the world and rates this project among them " The Prices? a mere snippet with costs way under 600 - 000 Euro for detactched villas with pools and all extras, exquisite finishing and quality.. plus, a truly utterly stunning visual setting of three courses designed by world famous golfers!
Now these costs are approxiamately five times cheaper than they were less than two years ago despite the British Pound faltering against the Euro there is no doubt that these are insanely priced! A purchase on many of the properties in Cyprus is going to provide a massive return when the market fully recovers. My gut feeling is that the golf villas are going to easily pass two million Euros in value and possibly even three! I also beleive that there are many signs that the Cypriot property market is starting to pick up again and that this is absolutely the perfect time to buy or invest in property here!
Mortgages!!! Yet another reason why there are some incredible bargains to be found. There are some epic mortgages available like 90 -100% buy to let mortgages with as little as 6000 Euros deposit. The reason why they are appearing, is the certainty of the buy to let potential by the banks on many of these properties. The buy to let market here is rock solid, especially on luxury property like seafront villas and many golf projects. You can take many of these projects to a Cypriot bank. Another reason why a select certain few properties are such a good investment certainty is that particularly with the golfing villas and with some others is there are world class hotels ebing built with these projects. Their aim, to attract some of the wealthiest patrons in the world the quality of these projects are bound to create a huge demand for these properties!
Lastly with all the upcoming projects to be found, like the building of a Disneyworld the expansion to an interanational airport in Cyprus and a massive five star tennis academy costing several hundred millions. The forward thinking developers in Cyprus are building many lifestyle themed developments which are going to seriously satisfy and create a demand for a new breed of property buyer in Cyprus. There are many other upcoming projects beside these which is a great sign of the futre to come and the future assured!