Investment Property Guide offered by Karayiannas

Thinking of investing in a property in Cyprus?  If you are planning of buying a property in Cyprus as an investment, now is the instance to make your move! Cypriot interest rates are low and property prices are increasing steadily. At a time when Cyprus's airports are predicting a sharp increase in traffic over the next few years, a lot of people believe that the present rate of development will not be able to keep pace with the increased demand for private and holiday accommodation. The result? House prices are set to increase still further so it's a great time to invest. 

If you are looking to buy in investment property in Cyprus, Karayiannas has special packages for you.

Before you make a decision on what you want to buy, take the time to do some investigation. Clearly, if you're planning on earning an immediate income from your investment you should look for an existing property (normally referred to as a resale property) in an area frequented by holiday makers. Have a look at the rental market, obtain a feel for how much you can rent your villa or apartment for. Don't forget to factor in other costs such as maintenance and management charges (someone will have to look after the property in your non-attendance) and keep in mind that property having pools that are close to the coast will give up higher rental incomes.

Buying a run down place for restoration has the benefit that you can improve the property in ways that will specifically attract holiday makers. It's a good method of giving extra worth to your property, but be alert that getting building work done in Cyprus can take longer than you would wish.

Off-plan investments and buy-to-sell properties
Another accepted option is to buy off-plan. This is where a developer decides to construct an amount of properties on a big plot and wants to sell them before they have been built to finance the development. The benefit here is that you can lock the property by paying a prepayment.

Benefits at a glance
Properties that are sold off-plan are regularly very competitively priced since the developer will desire to maximise the amount of cash he has to fund the development. In other words, the more cash the developer has, the less he has to borrow and if he borrows less then he pays less interest to his bank.

You can choose key positions inside the development and you can frequently state the furnishings and decor of the property, all of which helps you to get a better return on your investment.

As the development progresses and the properties reach nearer completion their values go up because there is not as much of urgency to sell them and potential buyers can get a clearer idea of what the final property looks like.

If you sell your property previous to completion you won't have to pay any capital gains tax.

Buying property from Chr Karayiannas and Son Ltd means that all the above instructions and information are going to be strictly followed.  Co-operating with Karayiannas you will have peace of mind.

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