| Whilst many still have useful disposable income, recent reports highlighting the risks associated with over reliance on pension plans, the volatility of the stock market and other traditional savings schemes have encouraged people to consider alternative methods of realising returns on investment including longer term financial planning initiatives. Investing in “traditional bricks and mortar” has always been and will continue to be a safe and popular option. Indeed property purchase has been referred to as the “new pension plan.”
Surveys carried out amongst UK Property Investors indicate 55% of respondents believe investing in overseas property presents a greater opportunity when compared to investing in the UK residential market; 22% of investors plan to buy an overseas property within the next 12 months. The main reasons given were rental income and potential for capital growth, a warmer, healthier climate and better standard of living. 20% planned to buy overseas and later retire with access to golf and beach playing an important role in such decision.
What makes a good Investment Property?
Location, Location, Location!.............Yes, that now familiar expression also applies abroad! Make sure your investment offers easy access to a pool or beach, golf courses, restaurants, shops, transport and a full range of amenities.
Off Plan
Buying “off plan” in the early stage of release is likely to afford an excellent return on investment.
The property is priced well below its eventual market value – essentially, it is discounted.
Your property rises in value as a result of such discount agreed upon the initial release of the Development. During construction, the Developer raises the prices so that they eventually reflect their true market value.
In Cyprus , many Developers will permit the sale of a property prior to completion, thereby enabling you to profit from pre-scheduled price increases and additional market growth.
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