Dreaming Of Cyprus Property
Who doesn't dream of a home in the sun at some time or another? Probably lots of people have a dream of owning a holiday home but it remains just that. A dream. The fact is however that owning a holiday home in the sun is more of a possibility than many folks imagine if they only had all the facts at their disposal. They see a huge price tag and quickly write the idea off or put it down to pure wishful thinking resolved in the idea that it is well beyond their reach. Well they may well just be mistaken because a holiday home in the sun is more affordable than you think if you are open to the possibilities.
The property market in Cyprus is experiencing a massive boom right now and a lot of people are going to make a lot of money by investing in holiday homes on the Island. There are homes of every kind available and they are being built to a very high standard both structurally as well as in terms of the finished standard. Fully fitted kitchens and air conditioning in every room are often offered as standard fittings in many of these beautiful Cyprus properties. Luxuries like private swimming pools are the norm as are spacious sun terraces and balconies too.
It all sounds rather lovely buy of course it still comes at a price beyond the reach of many home owners in the U.K. and other parts of Europe too. There are however solutions to this problem if you are brave enough to take a calculated risk in the investment of your property. Many U.K. home owners have built up a lot of equity in their houses over the past few years and their mortgages are quite small too. Some of these people have borrowed money against their homes to either fully finance a Cyprus property or put down a deposit to finance at least part of it.
The good news is that the major Cyprus banks will lend money to foreign buyers (subject to status of course) wishing to purchase property on the Island. Many people are therefore raising what they can on their U.K. property and financing the balance in this way. They are then renting their holiday homes out whilst they are not using them themselves to raise some or all of the loan repayments. For them the dream of owning a Cyprus property has become a reality because they were willing to take a calculated risk. The great news for them is that property prices tend to go up which means in a few years time they are likely to have made a substantial profit on their original investment.
In fact a lot of brave buyers who took the plunge a few years ago and decided to live the dream have in fact doubled their money! We all know what happened in Spain and how many hesitant buyers were left behind because they dithered about whilst prices rose beyond their reach. Well will you be one of the guys down the pub in 20 years time moaning how cold it is and how you nearly purchased a beautiful Cyprus property but were not brave enough to make your move?
Kevin Moore owns several web sites about Cyprus holidays and real estate. As well as writing regular articles he spends half his time in Cyprus and half in the U.K. see here Cyprus Property
The property market in Cyprus is experiencing a massive boom right now and a lot of people are going to make a lot of money by investing in holiday homes on the Island. There are homes of every kind available and they are being built to a very high standard both structurally as well as in terms of the finished standard. Fully fitted kitchens and air conditioning in every room are often offered as standard fittings in many of these beautiful Cyprus properties. Luxuries like private swimming pools are the norm as are spacious sun terraces and balconies too.
It all sounds rather lovely buy of course it still comes at a price beyond the reach of many home owners in the U.K. and other parts of Europe too. There are however solutions to this problem if you are brave enough to take a calculated risk in the investment of your property. Many U.K. home owners have built up a lot of equity in their houses over the past few years and their mortgages are quite small too. Some of these people have borrowed money against their homes to either fully finance a Cyprus property or put down a deposit to finance at least part of it.
The good news is that the major Cyprus banks will lend money to foreign buyers (subject to status of course) wishing to purchase property on the Island. Many people are therefore raising what they can on their U.K. property and financing the balance in this way. They are then renting their holiday homes out whilst they are not using them themselves to raise some or all of the loan repayments. For them the dream of owning a Cyprus property has become a reality because they were willing to take a calculated risk. The great news for them is that property prices tend to go up which means in a few years time they are likely to have made a substantial profit on their original investment.
In fact a lot of brave buyers who took the plunge a few years ago and decided to live the dream have in fact doubled their money! We all know what happened in Spain and how many hesitant buyers were left behind because they dithered about whilst prices rose beyond their reach. Well will you be one of the guys down the pub in 20 years time moaning how cold it is and how you nearly purchased a beautiful Cyprus property but were not brave enough to make your move?
Kevin Moore owns several web sites about Cyprus holidays and real estate. As well as writing regular articles he spends half his time in Cyprus and half in the U.K. see here Cyprus Property
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Source: http://www.articlealley.com
Source: http://www.articlealley.com
Labels: real estate
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