{"id":7885,"date":"2008-11-26T18:08:15","date_gmt":"2008-11-27T00:08:15","guid":{"rendered":"http:\/\/magic1host.com\/blog\/2008\/11\/26\/cyprus-villas-but-to-let-investments\/"},"modified":"2008-11-26T18:08:15","modified_gmt":"2008-11-27T00:08:15","slug":"cyprus-villas-but-to-let-investments","status":"publish","type":"post","link":"https:\/\/magic1host.com\/blog\/?p=7885","title":{"rendered":"Cyprus Villas – But To Let Investments"},"content":{"rendered":"
by Tim Martins<\/div>\n

If you are not accustomed to property market terms then allow me to explain what “Buy to Let” actually means. Well it’s quite straight forward really as it’s just a question of buying and completing on a property followed by letting it out to as many people as possible. The only important factor to consider is that your rental income covers your mortgage payments.<\/p>\n

If you decided to buy and then rent out your property you must remember there are two seasons, Low Season and High Season. A high season in Northern Cyprus will be around 7 months of the year, while the low season is the remaining months which are left, but don’t worry because Northern Cyprus as over 300 days of the year of clear blue skies and you’ll find that families like to get away from the dull winter to a nice sunny place like Northern Cyprus.<\/p>\n

So let’s quickly run through a nice example of what it will cost you. Let’s say you looking for a property in the value of Euro 250,000, which you can get with a very nice sea view. If you’re buying new then you’ll have to put a reservation fee down for Euro 3000 and this will hold the property for you. After that you’ll have to put a 30% deposit down so that will be around Euro 75,000, don’t forget you have to take the Euro3000 off which you have already paid.<\/p>\n

With the deposit out of the way we just have to deal with the 175.000 Euro balance, which we are going to finance. Have a good look at all of the different mortgage options but I would recommend a interest only mortgage, as this way your monthly payments are lower. We will take the best rate in current conditions then the resulting monthly payments work out at about 800 Euro, that being 9.600 per year.<\/p>\n

If we now take a look at rental statistics and in Northern Cyprus there are 10 months rental income guaranteed. Now comparing to the property we have just bought, you can expect a cool 2600 Euro. in the high season months and 1500 Euro. during the low season.<\/p>\n

So let’s say you rent your property out for 6 months in the high season and 4 months in the low season… your total rent for the year would be Euro 21600. Now you’re telling me that there’s no money in renting. There are other charges to pay which include rental management, community<\/a> fees and the cost of these will range depending on which rental management you take your property out with. But the cost is way less than Euro 1000.<\/p>\n

If you feel that this could be the property investment for you in a country which received over 2.6 million<\/a> visitors last year. It is still a growing trend and there is a need for more properties to let out, so don’t miss the boat. Act now and head over to the Cyprusinformer.com\/blog<\/a> and you will find the best property investment advice on the internet.<\/p>\n

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About the Author:<\/div>\n
Discover this Cyprus Holiday Rent to Buy property investment blog<\/a> edited by the illustrious Tim Martins and Unfold The Northern Cyprus Property Investment Secrets<\/a><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

If you are not accustomed to property market terms then allow me to explain what “Buy to Let” actually means. Well it’s quite straight forward really as it’s just a question of buying and completing on a property followed by letting it out to as many people as possible. The only important factor to consider is that your rental income covers your mortgage payments.<\/p>\n","protected":false},"author":2195,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[77],"class_list":["post-7885","post","type-post","status-publish","format-standard","hentry","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/7885","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=\/wp\/v2\/users\/2195"}],"replies":[{"embeddable":true,"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7885"}],"version-history":[{"count":0,"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/7885\/revisions"}],"wp:attachment":[{"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7885"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7885"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7885"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}