What Everybody Should Know about Cyprus real estate Sales?
Real estate property is the best capital investment. And apartments or villas in popular tourist resort make up even bigger advantage. Cyprus is the ideal place for capital investment. Warm sea, tender sun and wonderful ecology, what can be better?
Buying real estate in Cyprus customer receives good house in Cyprus where he can live permanently or come there to relax anytime he wants. While being absent one can lease the house and an owner will get a good benefit from it. But the main reason to buy Cyprus real estate is capital increase. Cyprus real estate sales are increasing. Since 1998 real estate prices have been increasing here. Against the unit and its location average capital increase makes up 15% a year. This tendency should continue to be for 10-15 years.
There are some reasons for this fact. So far as Cyprus is an island, land areas quantity is not limited. Demand for elite real estate causes demand for land, and it is increasing in price permanently influencing on apartments, townhouses and villas cost.
Cyprus real estate advantage is in the fact that it is a popular tourist resort, and that’s why real estate units are very profitable here. As soon as the owner wants to sell it he can do it easily and get much money.
The other advantage of Cyprus real estate sales is Cyprus safety. Today it is one of the calmest places in the world. The island is safe not only for life but for finance.
Cyprus real estate sale
Real estate buying procedure in Cyprus is rather simple, but it guarantees all the property rights what is very important for a foreign investor. The foreigners can buy real estate there measuring 2600 square meters. In some cases it is allowed to buy a house measuring 3.5 square meters. The real estate is paid in foreign currency. Bank transfers and cheques are allowed. Credits in foreign currency for foreigners are also available. The credit is lent out at the rate of 50-70% for 35 years.
Investment juridical defense
The customer gets the contract of the real estate owning after he pays off real estate cost. Cyprus juridical system is based on the British model and guarantees some levels of customer legal protection. After the contract signing and first call paying the contract is registered in the department of land investment and thus nobody can cancel the contract except the owner.
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