What are the tips to get more property for your money in Cyprus? The most important thing is to seriously consider buying off plan. On average across the world a good development will rise by 40% in value once a project is successfully completed. It makes sense to buy all property this way as the only negative is that the average wait on this type of purchase takes around 12 - 16 months for completion. In the old days you would then also have to wait another year or more until your garden established. This thankfully, is now not the case any more. Most properties in Cyprus now come with a garden which is ready at the same time as the house. When you weigh this option up against paying 40 % more for your desired property you can get a whole lot more for your money. In terms of investment this is, also the best way to see your property value increase. Choosing great off plan property can produce in Cyprus on average a 60% increase in the value the property as a whole just after the paint has dried.
Other ways buying off plan makes sense is, that you as a buyer can have valuable input in to the final design and changes made at this stage are usually much cheaper than afterwards. Another top tip when buying off plan or resale is, to make a lower offer and see if it is accepted in the current climate. We are very happy to do this on your behalf and the most we have achieved is a 20% price reduction on a very good property and one happy buyer. Even though it is a buyers market, remember that great property here is in short supply. All developers in Cyprus claim to sell the very best property but the reality is far different from the claims! The simple truth is that as anywhere, some are far better than others and this is where a really experienced agent or expert can make an incalculable difference as to the end property purchase.
We proud to say we are getting our clients the very best deals in Cyprus today with our unrivalled advice!
Top four tips on getting the best luxury villa purchase for your money
> Buy off-plan
> Offer less than the asking price
> Compare the property specification, layout and location to get the best deal for your money
> Choose an area which provides good value
Cyprus is not like the UK and of course there are many prestigious properties here, but and it is, a big but!! The vast majority of exclusive marketed properties, are not in exclusive areas. The question is, if you are spending top money, then of course you would expect to live in the "Beverly Hills" of Cyprus, and not a place in danger of not having real exclusivity or losing value and prestige due to over development. Some of the most popular prestigious developments in Cyprus today, are located in areas which are going to be totally saturated in the near future, the developers and the agents are fully aware of this! Yet not one, of the most prestigious property websites even bother to inform you of this highly crucial point! To negate the risk of this happening there are steps you can take to avoid this. This is why we chose to base our whole business on the ethos, of actively seeking out the very best property in any given region, throughout Cyprus and not just accepting any property that is offered to us without question.
FACT!! Only certain areas in Cyprus will retain their exclusivity and market value in the long term future!
As property investment experts here, we have spent more time than any other, finding out the small details that matter. Things like: what is likely to be built in the future, where, when and how? This also includes many other important factors that only good investment experts will take in to account! Another crucial fact is, that these websites are getting their information via the property developers and although there are many great developers, the truth can, occasionally be twisted to suit. We would not have a substantial client base if we were to fall on these hurdles. Our investors do not like to lose money and it is of great importance to find that there will not be 100 rental apartments or buildings being placed near your exclusive property in the future, or that the developer misled you.
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We are the only, agents in the whole of Cyprus, to have knowledge about the current European building regulations of which all Cypriot developers are now aspiring to! Again many do attain these standards but a surprisingly high proportion do not! This is, again a reflection of getting the best property for your money and knowing that it will hold its value, well in to the future. Our standard service includes making sure that the property is finished to the right specification and we will oversee any snagging and leftover detail on your behalf absolutely gratis. As property investment experts our prime responsibility, is to find property in areas which will produce good returns, not only at present, but also well in to the future! This applies as much to prestige property as it does on investment real estate. This is our job, and we take much time and pride in it!
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Current Information on luxury villas in Cyprus:
Luxury Villas in Cyprus - Advice on how to get more Property for your money!
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