The Advantages of Buying A Villa in Cyprus

Cyprus has so much to offer as far as romance, historical background and sun are concerned. Cyprus is one of those places that if you've been there once, well you tend to back there every year. It is such a popular holiday resort that a lot of people also end up buying their own villa in the heart of a paradise island. Buying a villa in Cyprus is still a great investment prospect as prices are still rising, the boom is set and the bubble hasn't burst like it has in Spain and the UK.

I was very fortunate back in the '90s and bought several properties in the UK and made a mint. I still have the same properties but with tenants with them, and this is why I think you will find Cyprus so interesting now. A part from the fact that Cyprus has almost perfect weather conditions throughout the year, the cost of living is also cheaper and with the lower cost housing market, renting is a wonderful way to rake in the cash.

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.

On average you will be raking in about 2000 Euro a month and you mortgage payment will less than half that amount, so you can see it is a worth while business plan. As I said before it is the right time to have a dabble on the Cyprus property market, so don't dither around and start doing a bit of good research as soon as possible, before you purchase your Cyprus dream villa.

Another advantage about buying a villa in Cyprus is that you certainly will not have any communication problems. The banks and building societies are also very keen to get your business and will offer up to 75% mortgages to non-residents. Your legal representation will be bilingual and they will guide you through every step of the purchase and will make sure that when you complete there are no remaining outstanding bills on the property. All this and a smile for around 600 Euro and when it's all over you'll be the one with a big smile on your face.

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 the cyprusinformer blog.

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