5 reasons to own a home in Cyprus

Buying a home in Cyprus and starting a new chapter of your life in the embrace of nature is a great opportunity. You will be able to feel special throughout all periods of your life, from your student years to retirement age. Even if you don't plan to live in Cyprus, you can still benefit from a lucrative investment in a region where real estate prices are constantly rising. In this article, we will look at the benefits of owning property in Cyprus with all the necessary details.

High yields and foreign currency income

One of the most important reasons why investors are interested in buying property in Cyprus is the high yields and returns in foreign currency. Due to the regular''The rising rental yields and property values in Cyprus reduce the payback time of your investment. In other words, while in Turkey the payback period for a real estate investment can exceed 25 years, in Cyprus it can be reduced to less than 10 years with the right steps. The official currency of Cyprus is the Turkish lira, but the English pound is often used in the real estate market. This investor friendly situation, which provides protection against lira depreciation and inflation, also increases the value in the English pound. The English pound being in the top five most valuable currencies in the world increases confidence in investment. The economy of NorthernCyprus is small but has a fast growth rate. There are construction and''supportive economic policies that offer local and foreign investors economic advantages such as low interest rates or long-term terms. According to Forbes magazine's 2021 Best Low Cost Coastal Properties questionnaire, Cyprus ranks first among the coastal countries where real estate investments can be made. Condominium projects in NorthernCyprus are attracting the interest of investors not only from Turkey but also from more than 70 countries. If you want to earn income in foreign currency, click here.

The beaches and nature of Cyprus

Buying a home in Cyprus means access to long beaches, tourist facilities, entertainment venues, walks and cycle paths. Cyprus has''students and pensioners

Cyprus can be described as a paradise for students. With a population of 350,000, the country has around 90,000 students, 70% of whom come from Turkey. By 2023, the country will have 17 universities available for students from Turkey to choose from. There are campuses of Turkish universities ITU, ODTU and Anadolu in Cyprus. A large number of majors, including engineering, medicine and social sciences, provide study nationals from over 100 countries with scholarships of up to 100%. Students coming from different countries enrich social and economic life. Benefits also include the ability to combine work with study due to the touristy nature of the island. Housing for university students is an important part of''Cyprusreal estate market. Cyprus is one of the safest places in the world. The low crime rate allows students to continue their studies in a safe environment. Residents who own a home in Cyprus are not required to obtain a residence permit. Not having to renew a residence permit is an important simplification for retirees. Turkish citizens are allowed to visit administrative areas with identity cards and without the need for a passport.

Flexible payment terms and tax advantages

In Cyprus, you can get the opportunity to start a new life with an affordable budget and low down payment on real estate and long-term flexible payment plans. With foreign currency pricing, you protect your savings from inflation and attractive payment terms allow it to grow. In Cyprus, you can buy a home with the option to make a 35% down payment and repay the rest in 48 months. Prices for projects in the launch phase can be even lower, offering more''high investment opportunity. With low down payment and interest rates, you can gain an economic advantage over inflation. Spreading payments over a long period of time makes it easier to access a valuable real estate investment, and allows you to use the funds for other expenses or investments. Turkish citizens have advantages when purchasing real estate in Cyprus. When purchasing a home, a 1-year residence permit is granted. Elderly people do not need this permit. Moreover, Turkish citizens have some tax advantages. If you want to invest in real estate in Cyprus, it is advisable to research the types of property, tax and procedural issues. Apart from the value of the property, you''will have to pay such additional costs as transfer of ownership duty, value added tax (VAT), connection fees. Once you have inspected the property to be purchased on site, you can start the procedure. After paying the first installment, you will only need to submit the relevant documents along with your contract. You can manage the process by granting a power of attorney to a notary. Find investment opportunities by clicking here.

Luxury, civilized and sustainable living

Invest in property in Cyprus with the opportunity to access a luxurious, civilized and sustainable life! The island, ranked number one on Forbes magazine's 'Best Beach Houses' list, promises you a paradisiacal life. Life awaits you in Cyprus''In paradise, filled with the tranquility of island life, clean nature and friendly neighbors. You will be able to enjoy your new home and at the same time reach the center of entertainment facilities in just a few minutes. If you want to own a property in Cyprus at affordable prices and flexible payment terms, click here! We hope you enjoy our offers. If you decide to purchase through our links, we may receive income from Mynet. Please verify seller information after making your purchase.