The strategic position in which Cyprus occupies in the center of Europe and Asia has attracted many people to buy Cyprus property. The choice of assets is wide and both established and newbie in real estate investment will absolutely get something that fits their budgets.
The Cypriot government has over the past many years negotiated agreements with governments of other counties and came up with a resolution that the income earned by foreign nationals who have invested in real estate sector not be taxed abroad.This contributes to making the business a profitable for the investors.
Different sectors such as transportation and tourism have considerably developed and this have led to a huge influx of persons from all corners of the world. Also, the relative level of political stability that is being enjoyed by the country is also another reason why many investors head this country. As a result of huge influx, there is always huge demand for residential units which guarantees the investor rental income while growing his or her capital due to asset price increase.
When ranked with to other countries in Europe, the country has got the best returns in the real estate sector and so many investors will find it okay using the yields to finance their asset loans and other fees such as administration and legal fees. The income obtained from the real estate investments per year is between 10-15 percent which is a decent sum by many standards.
Furthermore, the miscellaneous cost incurred by those who would like to buy assets is lower when compared to what is being charged in other countries. For instance, the legal costs are a small amount of just one percent of the asset value which is lower when compared to the charges in other countries. Also, the returns are attractive and could go as high as 15 percent of the investment value per year.
There are no restrictions imposed on any person with interest in investing in this country and this is why many direct investments by investors abroad take place every other time. This makes investment in Cyprus property an attractive venture.
The Cypriot government has over the past many years negotiated agreements with governments of other counties and came up with a resolution that the income earned by foreign nationals who have invested in real estate sector not be taxed abroad.This contributes to making the business a profitable for the investors.
Different sectors such as transportation and tourism have considerably developed and this have led to a huge influx of persons from all corners of the world. Also, the relative level of political stability that is being enjoyed by the country is also another reason why many investors head this country. As a result of huge influx, there is always huge demand for residential units which guarantees the investor rental income while growing his or her capital due to asset price increase.
When ranked with to other countries in Europe, the country has got the best returns in the real estate sector and so many investors will find it okay using the yields to finance their asset loans and other fees such as administration and legal fees. The income obtained from the real estate investments per year is between 10-15 percent which is a decent sum by many standards.
Furthermore, the miscellaneous cost incurred by those who would like to buy assets is lower when compared to what is being charged in other countries. For instance, the legal costs are a small amount of just one percent of the asset value which is lower when compared to the charges in other countries. Also, the returns are attractive and could go as high as 15 percent of the investment value per year.
There are no restrictions imposed on any person with interest in investing in this country and this is why many direct investments by investors abroad take place every other time. This makes investment in Cyprus property an attractive venture.
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