Tag: real estate in cyprus
North Cyprus Real Estate And Why People Choose The All Year Round Island
by admin on Jan.23, 2010, under Holiday Villas in Cyprus
It was only 4 decades ago that the island of Cyprus was divided in two, due to differences between the Greek and Turkish populations. This left the Greeks living in the south and the Turks in the North until recently, although things are now back to normal, but with the backing of the EU. The North though has had the most significant impact on the property investment market in recent times and has been converted into a real property investment paradise island.
Through the ages Cyprus had taken on a changing face to it’s appearance, but has been converted into a beautiful island filled with Capes and Gulfs and is becoming one of the most popular destinations in the Mediterranean sea.
The tourism industry really has got into gear with such natural surroundings. A “must see” list would be the Korucam Cape, the Zafer Cape, the Guzelyurt Gulf and the Famagusta Gulf, which will just knock you out cold with the sheer beauty that Cyprus offers. The tourist season lasts all year round in Cyprus so there is plenty of time to organize a memorable trip around this paradise island and check out the excellent Cyprus villa rental offers.
You will also find the very interesting Kyrenia mountain range also called the Five Finger Mountains, which are found running parallel to the coast line. The total mountain ranges 130km in length but due to it being so narrow, the total range measures just 260 sq Km. The composition of the range is mainly limestone, marble and dolomite and you will be able to pick up a few of them as souvenirs. One thing that will knock you for six though are the most incredible views which are best seen from some of the really cheap rental villa accommodation found in North Cyprus.
The fertility of the island is guaranteed in North Cyprus and provide natural vegetation such as olive and carob trees leaving a sweet scent in the air throughout the day. Another great day trip out from your North Cyprus real estate villa would be to go and visit a natural spring found in the Five Finger mountain range. You could also try the Mesaoria plain, located in the middle of the island between the Kyrenia and the Troodos mountain ranges. Don’t forget that the best views to all of these sites are from North Cyprus Villas.
North Cyprus villas have a prime location around the North and East of the island which are ideal locations for getting the very best views over the crystal blue Mediterranean sea. This section of the coastline is just full of small coves and enticing bays for you to enjoy the day swimming and just sunbathing on the golden sands. Some people may get turned off by beaches so that’s why North Cyprus Villas is an excellent choice as they come with your own private swimming pool so nobody is left out.
Cyprus Real Estate And Buying A Vacation Villa In Cyprus
by admin on Dec.26, 2009, under Holiday Villas in Cyprus
Is now the right time to buy?
Any time really is the right time to buy your dream vacation villa in Cyprus.
You just have to remember one thing when your purchasing your Cyprus real estate villa, does your rent cover your mortgage? If it does which in 99% of most cases it will then go ahead and buy one.
You should be looking at this as a long term savings plan, with very sunny vacations included. Not many banks can offer you that!
So what should you consider before you buy your Cyprus Villa?
You really spend a great amount of time looking for what you are really after, you could even hire an estate agent out if you wish, they will gladly take your around. You’ll find if you do it this way the agent might be able to get you a discount rate, but you will need to ask first.
Have you considered the size of your Cyprus real estate villa? 3 bedroom 4 bedroom etc- Plus how mant times might you be using it, or what type of people are you going to rent it to. Next you need to know if your after a beachfront villa, how far is it from the airport, how far is it from the main town centre and things like that.
So if you’ve found somewhere or you might have you eye on your dream villa remember you need to allocate about 10% over your budget on the asking price, this will help you cover all the extra costs, like VAT, Transfer of Titles, agents fee’s.
Like any villa if you want to reserve it you’ll have to pay a reservation deposit. This reservation deposit will help you secure your villa. Deposit are usually around 10% – 15% of the asking price. Like any villa in Cyprus bought, once you have paid your deposit then the purchase price says the same until completion.
There is one down side to this! You need to remember that your deposit is none refundable, so make sure you’re very happy with your purchase of your dream Cyprus real estate villa before you pay your deposit.
There are two sides to Cyprus and each have there own rules about buying property. Both are very straight forward, but the only concern you need when your buying a villa in Northern Cyprus is you need to open a Northern Cyprus bank account. This is very straight forward.
If your looking for more tips on Cyprus real estate villas or Cyprus properties make sure you have a good look at the cyprusinformer blog, where they have some great information and resource for buying or renting Cyprus real estate villas.