Buying property in Cyprus

Starting to think of buying property in Cyprus and you cannot help but think about that classic and fairly high, European level standard of living that is sure to please you and your family. Cyprus is the only Eastern Mediterranean destination that offers a quality of life to which most Britons are accustomed,” said Pauline Gallagher of Cyprus-specialist UK-based agents Halcyon Properties, “With its good infrastructure, high-quality hospitals, excellent shopping and where English is widely spoken.” On an island that is now our fifth most popular foreign destination; many ex-pats have been attracted by the 300-odd days of sunshine annually and the island’s low flat tax rate for non-Cypriot residents of just five per cent. The low cost of living …

How to Estimate the Market Value of a Property

Often people fail to make a profit from property investment when they do not understand the true market value of their chosen property, both in terms of resale and rental income. Investors hoping to purchase a run-down home or off-plan development and sell it on at profit when the work is complete; a practice known as flipping, are often caught out by over-inflated prices or under-estimated renovation costs. On the other hand, buy-to-let investors can be seduced by suggestions of high rental values and then disappointed when these do not materialise. Whether you’re planning to flip a property or buying-to-let, it is important to ensure that you do not pay over the odds, as money saved on the purchase price …