Anyone, who is planning to buy real estate in Cyprus, is determined not only by the purpose, but also by the means, he is ready to invest. Of course, why invest in a house a few hundred thousand Euros if your plans do not include permanent residence? Indeed, spending a comfortable and long-lasting holiday can be in a cozy apartment, where each member of the family will find its place. But if you are planning to move to sunny Cyprus, then you should pay attention to the more expensive family homes.
When buying a new home in Cyprus in the higher price segment, any foreigner who is not a citizen of the European Union, can automatically obtain a residence permit in this warm and hospitable country. The investment in the secondary or primary market in Cyprus for at least three hundred thousand Euros is an opportunity to apply for a golden visa. At the same time, while the local market has not completely come out of the crisis, you can buy not only cheap, but also luxury real estate in many areas of the country.
Home buyers in Cyprus are not only interested in holiday homes. They buyreal estate in the popular resorts, because of its liquidity, which tends to rise, despite the fact that the property market is affected by the crisis. That is why Cyprus attracts investors with long-term plans. Recently sold homes on very attractive prices can be profitably resold within a minimum period of time, bringing capital gains to their owners.
Studio apartments, villas and houses in Cyprus – they are not only your second or first home. They are instruments that bring profit to their owners. Not all proprietors of holiday apartments and villas in Cyprus can relax all year round but, heir absence from the country can bring rent revenues. Demand for holiday homes on the rental market in Cyprus is constant and the prices, especially in the peak season, are very high.
