Financial
Owning a home in Cyprus in an ideal climate is achievable, because comparable properties are still far cheaper than in the UK.
Buying 'off plan' makes a lot of sense because it is normal for the price of the property to rise in value whilst it is being constructed. Therefore, on completion you are likely to own a property that has seen a handsome increase in value since your purchase.
If you are not yet ready to relocate to Cyprus, you might be considering buying an investment property with a view to benefiting from holiday rental income and long-term lets. The choice is yours.
Cyprus is fast becoming one of the most popular property investment locations for British and other international property investors. Cyprus offers excellent value real estate investment options in an affordable market when compared to other popular European investment locations.
Investors are currently making some excellent investment choices in off-plan property in Cyprus and we are dedicated to helping you pick the best investment options suitable to your particular needs. In this way, you can generate personal wealth through safe and intelligent off-plan investment.
A&J Fournaris Ltd offers a phase payment structure which mirrors the increasing value of the properties. To the early investor this means that, should you decide to sell your property, it will be worth considerably more at this stage than when you made your initial purchase and paid the 30% deposit.
On a first time buyer basis, we can assist you to take a loan for up to 80% of the property value in all major currencies, for the purpose of purchasing a new property.
A deposit of 20% is normally required, with a possibility of 10% to be paid on signing of contract and the remaining 10% to be paid upon delivery, approximately October 2009.
If you are purchasing a second property for investment purposes, then we can assist you to take a loan of 70% with a 30% deposit requirement, a possibility of 15% to be paid on signing of contract and another 15% to be paid on delivery.
To assist you in saving money with foreign currency transfers we would recommend you use Global FX Solutions on Freephone 0800 0430007. Please quote our referral A&J Fournari Ltd ID No: A1259. Global FX are a long standing, highly experienced foreign exchange provider which we use ourselves on a regular basis.
