Reasons To Invest In Cyprus Property


Posted December 22, 2012 by sarahcoolen

When you invest in a Cyprus property for sale, there are several advantages that you can expect.

 
When you invest in a Cyprus property for sale, there are several advantages that you can expect. The purchase procedure for a Cyprus property is currently one of the simplest in the world. The laws of Cyprus are patterned after the English laws, so your legal costs in buying a property here can amount only from a half to one per cent of the total cost of the property. But you must follow the cardinal rule, that your lawyer or solicitor is not related in any way to the seller or developer.


The Cypriot currency (pound) has been in the top 3 strongest and most stable currencies in the world for the last 7 years. You’ll never worry about losing your profits because of currency fluctuations.


Before the recession, Cyprus was the most popular destination of real estate buyers. The collapse of the Cyprus property market brought the prices of Cyprus property for sale to 70% down. As in other markets, it will not stay there forever, and when the real estate market in Cyprus is able to pick up again, this will bring the demand for Cyprus properties to where it had been once. Cyprus provides the best value beach front villas, golf villas, luxury apartments and other Cyprus properties across the entire Europe, offering you a greater profit margin.


The earnings from your Cyprus property will never be claimed or in any way be touched in your country. This is because Cyprus has entered into a taxation agreement with some nations including the UK and the USA. In Cyprus, you pay only 10% tax on profits. Investing for around 10 properties or more in Cyprus is a good portfolio, and the 10% on taxes is nice. Regardless of the number, currently, there is an exemption on the first 3 properties.


Buying Cyprus properties for sale and other major projects allows you to obtain permissions fairly easily, because Cyprus has a straightforward procedure when it comes to buying properties and registering it.


Since the last 2 years, the government of Cyprus has been making negotiations with the Arab nations. The legislation will make Cyprus a potential gateway between the Middle East and Europe, so if that happens the demand for prime location, high value Cyprus properties is expected to soar. The wealthy Arabs will most likely look for luxury and golf course villas.


Throughout the entire Europe, Cyprus has the highest renal yields. If you are an investor who would like to use this yield to pay for your legal and mortgage costs, this is one good news. And for carefully selected areas in Cyprus, their prices are set to increase heavily in the four years that follow.


With the total falling down of the Cyprus market, many properties that are below market price have become available, which may cause a surge of demand at the soonest time.
There is no better time to consider investing in a Cyprus property for sale than now. Yes, now is the time to get in and be one of the firsts to own the best of the properties.

There are a wide range of choices for buying Cyprus property http://www.internationaldreams.co.uk/countries/cyprus-property/ , but you must do your research well before buying your Cyprus property for sale http://www.internationaldreams.co.uk/countries/cyprus-property/ .
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Issued By Sarah Coolen
Website Reasons To Invest In Cyprus Property
Country United Kingdom
Categories Business
Tags cyprus property for sale , cyprus property
Last Updated December 22, 2012