northern cyprus property sales |
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villa polis cyprus |
cyprus apartmentWhatever form of Cyprus property investment you are looking from, from villas and apartments to fly-to-let, you'll find it here.
Cyprus's real estate and property market is booming dramatically due to the continuous work of construction companies who invest large amounts of funds towards infrastructure development. With the aid of the European Union as well as foreign investments property prices have gone up dramatically. Property has always been a sound investment and holiday property in particular continues to make fabulous returns on the money invested. Cyprus banks are willing to lend against luxury Cyprus apartments and villas purchased by none residents so raising the necessary capital as never been easier. At the time of writing this article most banks in Cyprus are willing to finance up to 80% of the funds required to purchase a Cyprus house or apartment. This has prompted many U.K. home owners to remortgage their first homes in order to raise the deposit and then rent their properties out to other holiday makers which in turn could service their Cyprus loan repayments. Cyprus property can be acquired after completing and submitting a "permission to purchase" application with the Council of Ministers. Every foreign investor needs to go through this process, in order to purchase property in Cyprus which is not not a very restrictive method. An investor can purchase up to 4000 square meters of land plus an apartment or house which covers the needs of most property investors. Additionally, there are many villas for sale in Cyprus. These are perfect for people who want to live by the ocean, or those who are going to be visiting their property on a regular basis. Although you could live in a villa full time, most people use them as vacation homes or rent one out when they are visiting the area. Countries such as Cyprus have seen some major benefits from this glut of disposable income that buyers are raising by remortgaging their prime residences at home. Many foreign buyers are even taking advantage of the Cyprus banks willingness to loan against Cyprus property purchases by none residents wishing to buy holiday homes on the Island. Many heavy-hitting overseas investment portfolio managers are pushing hard for their investors to buy property and land investment deals in Cyprus, before 2008 to realise increased profit over the medium and long term period. While you may come under pressure from the developers to use their lawyers, you should be aware that this may pose a conflict of interest to the lawyers. It is possible that the developer (who probably does a great deal more business with the lawyer than you do) is favoured in such conflicts. Agents should be able to offer you a choice of lawyers, banks, furnishers and landscapers. There are many properties in Cyprus for you to choose from. You can buy on your own, or with the help of a Cyprus real estate agent; the choice is yours. So if you really want to live the Cyprus dream there are not that many real obstacles standing in your way that cannot be easily overcome. Although property prices in Cyprus have also risen considerably in the last few years they still lag behind those of Britain and her other more affluent European cousins. This may be one of the reasons that Cyprus property development continues at such a pace despite the steady increase in values. Another upside of this huge property market growth is the amount of wealth it is creating in Cyprus itself with many former farming land owners becoming overnight property millionaires. The outward evidence of all this new found wealth is manifest in the increasing number of luxury cars on the roads and also in the marinas that are filling up with a multitude of new power boats. Three key areas have emerged in the North Cyprus property scene, at Esentepe, Bogaz and Bafra. The Esentepe/Tatlisu area has always attracted visitors for its natural beauty, yet recently the area has exploded in popularity with the opening of the only 18-hole international standard golf course at the Korineum Golf and Country Club. This new golf course has been the catalyst for a whole variety of developments, all within easy reach of the manicured greens. Considering how the movement of tourists has significance for buy-to-let investors, this may be just as well, for right now, those looking for property on the island are increasingly looking farther afield for bargains - and finding them. Get up in the morning when you want, eat when you like and come in at whatever time suits you. No more set meal times or queuing up for dinner when someone else dictates. A luxury Cyprus apartment gives you the total freedom to come and go just as you like leaving you free to get on with your holiday. Many Cyprus apartments will also have their own exclusive pool area too so you can enjoy a dip whenever you like and you won't have to get up early to reserve a sun lounger either. Specifications of North Cyprus properties are generally high, so you really can just move in once the apartment is ready. Most properties feature a fitted kitchen, double glazing, ceramic tiling, built-in wardrobes, and provision for water storage, plus shared use of onsite facilities. (The Pine Villas complex, for example, has a large communal pool and children's swimming pool for the 65 villas on site.) The property package includes white goods but not air conditioning, a must in the North Cyprus summer heat. Some properties offer only the pipework, or only install air conditioning in the main bedroom and living space. The elegant Art deco style apartments at the Turquoise Bay Golf and Spa Residence feature both air conditioning and white goods as standard, plus all pipework for central heating, another essential element for year-round rental potential. The site boasts a range of amenities that are fast becoming 'must-haves' on any new North Cyprus development, including a selection of swimming pools, a fitness centre and saunas, plus a restaurant (or, elsewhere, residents clubhouse).
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