If you’re looking for a place to invest your money, then investing in Cyprus real estate is the best place. Moreover, with more people having the ability to work at home these days, it makes much more sense to build your house in a place which is comfortable and the cost of living is affordable.
Why buying property in Cyprus is affordable?
Cyprus is the 3rd largest and 3rd most populated island in the Mediterranean sea, and also the European Union member state. On its north east of Greece and Egypt are located, in the northwest Gaza Strip and Israel, in West Lebanon and Syria, in southern Turkey is located. It has a rich and turbulent history stretching back to ancient times, famous for its beautiful beaches, also has wine growing areas along with rocky interior.
In Cyprus, you will see a lot of properties for sale at low prices. Moreover, people are deciding to move to Cyprus as a means of beating their economical problems. The Cyprus property market is similar to several other countries, has been affected by the international economic collapse. Several expatriates who have chosen the area for a better quality of life, find their particular dreams turning bitter because they find it hard to fulfill their mortgage expenses.
The downfall of sterling against the Euro has included a 30 % increase in mortgage payments and it has also significantly improved living costs for those expatriates who’re completely depending on their savings in UK banks. Due to these challenges, the total number of foreclosed properties for sale in Cyprus has risen greatly.
You can take benefit from this if you’ve some cash to invest in Cyprus real estate market. The reason is that you’ll find villas in Cyprus at affordable rates. Cyprus property makes a great investment. You will be spoilt for choices with the location of your North Cyprus property.