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Tips On Buying A Villa In Northern Cyprus |
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Written by Tim Martins
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Wednesday, 16 April 2008 |
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Latest migration statistics have revealed that more and more people are setting up home in Northern Cyprus and the top reason given was because of the weather. Well you may not have known that Cyprus achieves an incredible 300 blue sky sunny days each year. It is no tin pot island and is in fact the third largest island in the Mediterranean and it is Northern Cyprus that has had a great deal of success when it comes to property investment. You see the prices are still extremely stable but rising and on the back end you can easily rent it out throughout the year due to that beautiful weather.
by TimMartins
Latest migration statistics have revealed that more and more people are setting up home in Northern Cyprus and the top reason given was because of the weather. Well you may not have known that Cyprus achieves an incredible 300 blue sky sunny days each year. It is no tin pot island and is in fact the third largest island in the Mediterranean and it is Northern Cyprus that has had a great deal of success when it comes to property investment. You see the prices are still extremely stable but rising and on the back end you can easily rent it out throughout the year due to that beautiful weather.
You may be surprised at just how much Northern Cyprus has to offer you and that's apart from the weather. You will be amazed at the low prices in almost every sector and you will be taken aback from the rich cultural side of this island. The people on the island are so friendly and would feel how relaxed and secure people are, and it won't take you at all long to see what this island has to offer a property investor.
Apart from just investing in a property in Northern Cyprus which will soon appreciate in value, you are also looking at a fixed monthly income through the rentals. This area of Cyprus is in a prime period of growth and is luring many experienced property investors, so you can be quite sure that your investment is safe. A lot of people tend to buy off-plan, which means that by the time it has been finished you will already have made a big fat property.
I have bought several properties in Northern Cyprus over the last 3 years, and everyone who has been completed has made my family and myself a small fortune, and the best thing is now they are nearly always rented out through out the year. In fact I only have to get someone in for 14 weeks of the year and this pays for my mortgage, so it's money in the bank all the way.
There are plenty of bargains to be had if you are buying second hand, you can buy 3 bedroom detached house with a private swimming pool, with a beach view for around 120,000, and my advice to you would be to go and snatch one of these up straight away. But make sure you never pay the full asking price, through my experience I would be putting in an offer of around 15% below the asking price. Normally they'll snap your hand off.
If you are looking for more information on buying properties in Northern Cyprus or if you have a property which you'd like to rent out, then I would recommend this site cyprusinformer.com. If you fancy grabbing some incredible free advice they have a weekly newsletter which shows the best places to buy and how to go about renting out your villa in Northern Cyprus.
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