Whether you want an investment, a vacation home or you want to permanently relocate , Cyprus is a great choice for now and the future! Since becoming a full member of the EU Cyprus’ growth has been outstanding and its popularity is growing along with it. With the quick development of the expatriate community the value of property in Cyprus is a great investment and a great place to live! You truly can hope for your dreams to come true when buying your home in Cyprus, in fact it is a truth that buy sell cyprus is the buzz phrase all over the island.
Cyprus is a very rich country in natural resources down to its perfect location and excellent all year round climate. Excellent progress has also been made in communications, transport and trade due to it’s new relationship with the EU, which provides Cyprus with 50% of it’s trade. This is boosted up with the nearly 3 million European tourists that visit Cyprus every year. Cyprus is geographically located close to Africa and the Middle East which turns it into a very unique country for property investment.
The real estate sector has been on the climb now for several years and as far as the experts are concerned it won’t be tailing off in the years to come. Construction on the island is growing day by day as supply is still being outstretched by demand. The present really is the ideal time to invest as prices will continue to rise, so don’t leave it too long. We can compare the present conditions to those experienced in Spain about 20 years ago, so now you have something to use as a guide to your property investments in Cyprus.
You will pleased to hear though that you will still be able to find property investment options through a very competitive Estate Agent and Developer sector. You may find that they are just too helpful though so do your homework before taking on the property agents on their territory.
You certainly won’t have any communication problems in Cyprus as everyone speaks English. You will find that very pleasing when it comes to signing legal documents as even the small print is in English. People from the UK will find everything very home from home as the legal system is virtually identical and guess what?… They drive on the left hand side of the road, so you can drive there too.
Two differences that you should be aware of are that as a non-resident of the island it is only permitted for you to own one piece of property on Cyprus (although there is a possibility of this changing in the future) and that when buying new Cypriot property, it is quite likely that the title deeds will not be received for up to five years after completion. Importantly this does not prevent sale of the property before the documents are received, in fact some people already sell on their properties before construction is complete.
Tags: Real Estate
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