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Cyprus property
prices are going up! And the cost of Cyprus land has an extra 15% for VAT!
Chris
Michael Real Estate has more than 25 years worth of experience
in dealing with Cyprus property. We fully understand all
the legal implications when purchasing a Cyprus
apartment & can provide you with advice concerning
the best areas to buy property. Chris Michael has access
to a huge selection of properties & can help you find
the perfect apartment or villa for you.
Cyprus was once only seen as a tourist destination boasting
warm weather, clean beaches, and buzzing night life. But
since joining the EU, Cyprus is fast becoming the place
of chose to reside, work, or retire in for many people from
all over Europe.
In accordance to the “acquis
communautaire”, the
Cyprus
government will be introducing a 15% VAT on property bought in Cyprus
leading to the rise in
Cyprus
property prices!
The good news is most restrictions on
foreign buyers have been lifted leading to a sharp increase of demand
in
Cyprus
property and therefore an increase in sale and rental prices of
Cyprus’ properties. Chris Michael, with his more than 20 years
experience in the real estate business, believes that
Cyprus
property prices could rise by more than 50% !
“There
has been a rush to buy
Cyprus
property before EU accession and the introduction of VAT. But the
advantage of liberal movement after joining the EU will further
increase demand for Cyprus property. Once restrictions are lifted we
will see a new, larger wave of buyers coming here to live, work,
retire or invest. There will be millions of people coming to Cyprus
which is only a small island with limited land resources and with the
current high demand on Cyprus property, especially in prime locations
near or on the sea, empty land is vanishing fast!”
In all,
there will be a certain increase in demand for Cyprus properties and
the best investment are
Cyprus
apartments or Cyprus villas on or near the beach. Demand for these
Cyprus properties is very high, generating high resale values and
high rental return.
IMPORTANT:
Every day new properties are added. Even though every effort is made to
keep our website always updated, because of the large variety and
demand for properties in Cyprus, prices and availability are subject to
change without any prior notice. Some of the information presented on
this website is supplied by the sellers/owners themselves. Chris
Michael Estates is not responsible or liable for any inaccuracies
supplied by the sellers. We urge all our visitors to double check all
information for properties they are seriously interested in. Buying a
property anywhere is serious business and the decision to do so should
be well researched and well advised.
NOTE: Always
use a registered and licensed real estate agent. A licensed agent is
covered by insurance that safeguards your property transaction both
legally and professionally.
For more information on Cyprus property please contact us at info@chris-michael.com.cy view directory Cyprus Property
2007 ® Chris Michael Estates
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