Real Estate Investment in Stunning Cyprus

 The stunning island of Cyprus lies in the beautiful warm, calm and clear waters of the Mediterranean Sea and enjoys up to 320 days of unadulterated sunshine every year.

This makes Cyprus inimitably popular with holiday makers and second home hunters which in turn makes it the perfect real estate investment location for international property investors.

In fact, for anyone contemplating diversifying their investment portfolio and branching out into real estate in the near future, Cyprus has to be one of the hottest destinations in terms of the potential for profit it offers the investor.

With strong annual incomes achievable from letting property to the holiday market year round and capital gains consistently reaching double digits in Cyprus in the property market where else should an investor be looking right now?!

Add to all these positive points the fact that anyone who purchases a home in Cyprus for investment purposes could also personally holiday in the home and soak up some European sophistication, some Mediterranean cuisine and some Cyprus sunshine and you have the perfect package of reasons to invest in Cyprus immediately!

Since the Republic of Cyprus joined the European Union back in 2004 the rules relating to the foreign freehold ownership of real estate on the island have come under scrutiny. Currently it is only permissible for foreign buyers to own one property but as soon as this law changes it is predicted that there will be a buying frenzy on the island and that this increase in demand will inflate property prices sharply. Those who get in first and stake their claim now will be able to benefit from these predicted property price increases in the future.

Law in Cyprus is based on English common law, and as a result not only is the entire property buying process simple and straightforward but all owners of real estate in Cyprus regardless of their country of citizenship have the same property ownership rights as local Cypriots. This means that owning property in Cyprus is safe and the entire property title deed registration process is secure.

Building standards in Cyprus meet European standards and the abundance of available resale and off-plan property in Cyprus is good which means an investor not only has choice but he has choice of quality properties for sale.

Investors interested in real estate in Cyprus should note that the most popular properties that holiday makers are seeking to rent out are apartments near to golf courses and villas with private pools; and second home hunters are generally in search of either apartments or houses close to the seaside and the main tourist towns of Cyprus such as Paphos and Larnaca.

About the author:

Rhiannon Williamson writes about real estate investment in emerging markets worldwide. To read more of her guides about property investment in Cyprus click here.

 Rhiannon Williamson

More Articles 

Should I Invest in Real Estate While Running an Internet Business? - Peter Dobler
Copyright 2005 Peter Dobler Of course you should. I practice this for quite a while and I never looked back. I think this is the perfect combination. You get the best of both worlds. Did you know that 90% of all millionaires made their...

Missouri Real Estate - The Show Me State - Raynor James
Nicknamed the "Show Me" state, Missouri is an interesting mix of big cities and rural lands. Missouri real estate prices do not require you to "show" a lot of money. Missouri The quintessential midwestern state, Missouri offers...

Real Estate Valuation - Steve Gillman
Real estate valuation for single family homes is typically done by using comparable sales. With income properties this just doesn't work well. Imagine if you are looking at a 24-unit building. It would be difficult to find similar ones nearby...

The Unbelievable Majesty of Savannah, GA Real Estate - Pete Sampson
Daily life in Savannah, Georgia is hip and stylish, but it's old Southern tradition sees to it that it will always maintain its serenity. Savannah, this modest city that happily welcomes a entire world, gets its name from the Native American word...

Things to Consider When Purchasing Real Estate - David S
The real estate market is currently booming nationwide and for this reason more and more individuals are looking into buying a home. As the purchase of a home is a major decision and the largest purchase you may ever make there are a few things...

The Structural Engineer & Real Estate Development - Colm Dillon
Without a Structural Engineer our modern life style would not exist. The structure of a building is like the skeleton of our body. Without it a building could not stand upright and without a skeleton, we would be a blob of flesh on the ground. ...

New Hampshire Real Estate - Switzerland of America - Raynor James
With soaring mountain ranges, New Hampshire is often called the Switzerland of America. Fortunately, New Hampshire real estate prices compare favorably to Switzerland. New Hampshire New Hampshire is a state with beautiful scenery that...

Real Estate You Need to Know: Bundle of Rights - Thomas Kinsey Schneider Ph D
Big Yawn When you first read basic material about real estate, you might ask yourself, "great, but how is all this going to help make me rich?" The answer is: if you want to get rich in real estate, you have to understand what you are...

The Mind of the Real Estate Investor - Bruce W Ford
Myself and many others are living proof that by changing your mental and physical habits, you can build your wealth. This mini-course focuses on changing or fine-tuning your mental habits and attitudes toward real estate investment so that...

How to Calculate Real Estate Investment Profits - Peter Dobler
Copyright 2005 Peter Dobler If you are investing in real estate you will face a variety of challenges. First you have to find the right property. Finding the right property is a combination of personal preferences and opportunities involved...

Real Estate Title And The Quit Claim Deed - Mark Walters
Deeds are simply documents that transfer title from one person to another. There aare many different types of deed, but basicly they just transfer title. Let's talk about a "quit claim deed". A quit claim deed is a type of deed where a...

10 “No Money Down” Ways to Buy Real Estate - Richard Massey
Turn the Television on any Sunday morning and you’ll find yourself in the middle of a “how to buy real estate” infomercial. Can you really buy a house with no down payment? Can you really make thousands or millions of dollars buying real estate....