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 pure sunshine each year.
This makes Cyprus inimitably popular with tourists and second home hunters, which in turn makes it the perfect place to invest in real estate for international property investors.
In fact, for anyone contemplating diversifying their investment portfolio and diversifying into real estate in the near future, Cyprus has to be one of the best destinations in terms of the earning potential it offers to the investor.
With strong annual income that can be achieved by renting properties on the holiday market all year round and capital gains consistently hitting double digits in Cyprus property market, where else should an investor look at the moment?
Add to all these positive points the fact that anyone buying a house in Cyprus for investment purposes could also personally vacation in the house and enjoy European sophistication, Mediterranean cuisine and Cyprus sunshine, and you have the perfect holiday package. reasons to invest. in Cyprus immediately!
Since the Republic of Cyprus joined the European Union in 2004, the rules relating to foreign ownership of real estate on the island have come under scrutiny. Currently only foreign buyers are allowed to own a property, but as soon as this law changes, it is anticipated that there will be a buying frenzy on the island and this increase in demand will inflate property prices considerably. Those who get in first and bid now will be able to take advantage of these anticipated future property price increases.
The 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 property owners in Cyprus, regardless of their country of citizenship, have the same property rights as local Cypriots. This means that owning a property in Cyprus is safe and the whole process of registering the property title is safe.
Building standards in Cyprus meet European standards and the abundance of resale and off-plan properties available in Cyprus is good, which means that an investor not only has options, but also has options for quality properties for sale. .
Investors interested in real estate in Cyprus should note that the most popular properties that tourists are looking to rent are apartments near golf courses and villas with private pools; and second home seekers are generally looking for apartments or houses near the coast and the main tourist cities of Cyprus such as Paphos and Larnaca.
