Get Local Experts

You need to spend a great amount of time looking for what you are really after as a North Cyprus Overseas Property Investment.  It is therefore highly recommended you hire an estate agent.  They will gladly take your around. You’ll find if you do it this way the agent might be able to get you a discount rate, but you will need to ask first.

Holiday Homes

How you will use the property will determine what type of property you will buy and how much it will cost to keep it maintained. If you choose to purchase a vacation property, you will have to pay a management company to maintain the property. Of course, you could rent the property out to make some extra money when you’re not using the home. - Can you afford the property? A second home can be very expensive. Make sure that you know all of the cost involved. If you plan to move, there may be additional expenses that come along with living in a foreign country. Make sure you understand all of these costs fully. - Can you make a living on the island?

Investment properties can be Tax Haven

The exciting news for any property investor is that Cyprus is almost like a tax haven within the European Community. There is no inheritance tax or gift tax, pensions from abroad are taxed at a flat rate of just 5%, interest earned on foreign capital imported into Cyprus is tax exempt, and investment income remitted to Cyprus by foreign nations is taxed at a flat rate of 5%. Even the corporate tax rate is a flat 10%. Cyprus also has signed double taxation agreements with many countries, including the United Kingdom. A Capital Gains Tax of 20% is payable on the sale of immovable property in Cyprus, but no capital gains tax is payable on gains from investments. Personal income tax rates range form 0 - 30%.

Increasing Market

Simple it’s Europe’s number one spot for holiday makers, plus it makes great sense to invest in your future. Cyprus properties are now the hottest items in the property market for Europe. Over the last 5 years analysts have been predicting this trend will keep rising and the last 4 years they have got this right.

In fact if you had bought a Cyprus property 5 years ago for around 150,000 euros it would now be worth somewhere in the region of 300,000 euros, and in some places even more, plus your not paying for it if you rent it out, now is that not easy money?

Land and Legal Aspect

There is a great demand for housing on the island of Cyprus. If you plan to develop vacant land, you will need to understand all of the legal aspects of developing Cyprus property. For example:
It is not uncommon for it to take up to five years to receive a property title/deed for your property. You will still be able to develop and sell your property however, you will need to understand how to legally do so.

The Cost

The property prices in Cyprus are approximately a third of the cost of properties in Spain now, but this will change over time.

So just why should you buy and rent a property in Cyprus? Easy, it’s become the number one place to go for family holiday, it has over 300 days a years a clear blue sky’s, some of the best beaches in the world, it cheap to live there, very friendly people and the best of all property prices are very cheap and are doubling in prices within 5 years, which makes sense for a great investment.

Investment Planing

The economy on Cyprus is booming, but will you be able to make a living. If you posses certain trade skills, you should find out if these are in demand on the island before you make the decision to relocate. - How long with you hold onto the property before you sell it? You should always have a financial plan for the future. If the property is an investment, have a clear idea of how you will manage your investment.

Know the Weather

What we have been finding over the last 5 years or so are more and more English people are getting fed up with the English weather, which is driving more and more people abroad. So the market for rented property is booming. You will find more investors investing there money in properties abroad because there know that there capital is more secure and it has a better investment future with house prices rising higher than in the UK.
Investing in Cyprus properties has become a great exciting new opportunity. If you could roll back time say 10 years ago, how many of us would have bought a property in Spain or South of France? I guess everyone would have because guess what you would now be sitting on a nest egg worth around half a million pounds and even more in some