Real Estate & Mortgage News in Cyprus from Propertyshowrooms.com

Cyprus property 'can be funded in many ways'

Wed, 27 Aug 2008 00:00:00 GMT

There are many ways to fund a property purchase in Cyprus that can bring it within reach of fairly modest budgets, it has been stated...

Cyprus attracts holiday home buyers

Mon, 4 Aug 2008 00:00:00 GMT

Cyprus is proving to be very popular with holiday home buyers from overseas, according to a media report.

Travel and Tourism News stated that the Mediterranean island is increasingly being seen as a year-round holiday destination.

As a result, more and more people are choosing to visit at various times of the year, including during the winter.

This has led to growing interest in the Cypriot property market among lifestyle buyers, as many want their own permanent base in the country.

"Many choose to spend extended holidays in their properties, visiting several times a year," said Travel and Tourism News.

The media outlet added that the adoption of the euro in Cyprus earlier this year has been a positive development for visitors and investors.

This reinforces the conclusions of France 24, which recently said the island's entry into the single currency has helped to sustain its property boom.

Briton hails move to Cyprus

Thu, 24 Jul 2008 00:00:00 GMT

A retired Briton has told a newspaper why he has decided to leave the country and relocate to Cyprus.

Speaking to the Financial Times, 68-year-old Andy Leck said the Mediterranean island offers a number of advantages such as year-round sunshine.

However, he told the publication that monetary concerns have also played a part in influencing his decision to move to another country.

For example, he said Cyprus taxes just five per cent of a person's pension income, compared with 40 per cent in the UK.

This means that he can enjoy a higher amount of disposable income if he settles overseas.

Commenting on the disparity, Mr Leck said: "I save £40,000 a year by being in Cyprus rather than Britain."

This comes soon after Jet-to-Let magazine revealed that almost 40 per cent of prospective British buyers intend to buy a residence in Cyprus within the next year.

The Year Ahead

Mon, 3 Apr 2006 00:00:00 GMT

property prices are poised to increase by 50 per cent when the island joins the eurozone in 2007, by then mortgage rates will have to drop from 7.5 per cent to 3.5 per cent, according to British property experts. You know the saying
"there never has been a better time to buy" well I believe that this is the case for 2006. High standards and low costs of living along w...