Tips For Buying Your Villa On The Magical Island Of Cyprus

Cyprus is the magic Island of romance, ancient history and stunning weather. You'll find most people who visit Cyprus end up going back some time in there life. What you also find is that a low percentage of people who do go back end up buying themselves a vacation villa, which sits right in the middle of paradise. Cyprus villas are slowly becoming an investments dream, because the property market in Cyprus is at its very early stages of a big boom, like it was back in the UK some eight years ago.

I remember this very well, and I must admit I bought several properties back then and made a small fortune, I still have them all now and they are all rented out to this present day. So why am I telling you this? Well Cyprus is even a better place than the UK, because first of all you get the beautiful weather 365 days a year, cost of living is cheap, the housing market at the moment is cheap, and the best thing is renting.

Would you like to see a few figures then? Well an average 3 bedroom villa in Cyprus can fetch about a 1000 Euro (800 pounds) a week during the peak season. But even in winter which is as mild as a UK Summer, there are people who are looking for long term winter rentals to escape the UK cold, which make the whole operation very profitable.

If you want to see an all year round average monthly income, it would be about 2000 Euro making this property venture a very profitable one as the mortgage payments would work out to less than half of that. Don't miss the boat as the time is right now, although it is advisable to do some good research before you decide on buying your own dream villa in Cyprus.

You can count on a problem free purchase in Cyprus as everything is in your favour. Firstly English is spoken by almost everyone on the island which helps, and you will be impressed with some extremely enthusiastic banks which will put themselves out to get you the mortgage you need. A non-resident can get up to a 70% mortgage and interest rates are much lower than they are in the UK. You will be assisted by a bilingual solicitor throughout the purchase process and they will make sure that all debts are cleared before you sign under the dotted line. They charge a very moderate fee of around 600 Euro and you will certainly feel that it has been money well spent when it's all over.

All in all apart from feeling happy with yourself about buying a villa in sunny Cyprus, you can also feel very content with the various options you have to both make some extra income and have a holiday home throughout the year for you to be able to take advantage of as well. If you would like some more great free investment tips for Cyprus villas, take a look at this blog... http://www.cyprusinformer.com/blog/

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Check out this Free Cyprus Villa Rental Newsletter And Blog written by the illustrious Tim Martins

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