Real estate in Cyprus is your chance to buy yourself a piece of the resort
Of course, all transactions there are regulated not by Russian laws but by their own, but this does not mean that if you want to buy a property, be it an apartment or a cottage, any complications may arise on the island. The real estate market in Cyprus is currently in a stage of rapid development.
The state fully encourages the sale of real estate to foreign citizens; they have equal opportunities with native Cypriots. There are no restrictions; you can purchase real estate both for your own residence (permanent or temporary) and for organizing and running a business – for example, renting out for holidays in Cyprus. If you buy property on the island, obtaining a visa to enter the country is significantly simplified. You will be able to visit the island several times a year, at any time convenient for you.
Many people buy property in Cyprus with the aim of selling it a few years later, when its price has risen noticeably. This is not without merit, as the number of people wishing to settle in Cyprus is not decreasing, but on the contrary, growing every year. The reason for the popularity of Cypriot real estate is obvious: it gives you the opportunity for a full-fledged holiday by the sea almost at any time of the year, without the conventions and restrictions of an ordinary resort; you set the conditions yourself. The sale of real estate in Cyprus has now become a promising business direction, accessible not only to a solid businessman but also to a representative of the middle class.
In the bank of your choice in Cyprus, you can get a loan to buy real estate, after first paying only 30% of the total cost of the planned purchase. The price level is also attractive. For the money you would spend in France or Spain on a very modest mansion, here you can buy a luxurious villa. The demand for real estate in Cyprus is steadily growing, and, accordingly, the price per square meter of housing is increasing.
Construction at its current pace cannot keep up with demand. Moreover, the area of the island state is quite small, so if you have firmly decided to acquire real estate in Cyprus, you should hurry, and a holiday or residence in the sunny country of Cyprus will become a reality.
_