Property investment has become very popular in recent years
Well, overseas markets offer potentially very attractive returns, particularly in countries which are about to see significant economic and positive political change.
-EU membership 1 May 04 and resultant macro economic boost. The benefits of joining the EU are immense and many investors feel that this is a tipping point in the country's development.
-“Over the last three years demand for property has increased by an average of 15% to 20% per annum. This will increase with EU membership as people from the landlocked central European countries, which are also destined to become member states, are expected to look for second homes on the island” (source: FT World Report).
-The law restricting foreign ownership of property to just one per person, was lifted in May 04 with the resultant boost to demand from large investors overseas.
-Letting rules in Cyprus have also changed. Previously you could only rent to family and friends but harmonisation with EU laws mean that has all been swept away
-The island has a worldwide demand for property, including from a growing and affluent Russia and former Soviet states. There is also a large investor demand from Greek Cypriots living in the UK and US.
-50,000 British ex-pats provide an attractive community for UK retirees and a dynamic demand for quality property in quality areas.
-Low cost of living and very attractive tax regime.
For more info on investments email me at: info@1stchoicepropertyinvestments.co.uk
Larnaca, Cyprus with 10 Year Rental Guarantee.
Larnaca, Cyprus with 10 Year Rental Guarantee.
1st Choice Property Investments Ltd are pleased to announce that we are nearing the end of our research and negotiations to bring you the most...
