Jumat, 29 Juli 2011

Learn What You Need To Know About Buying A Cyprus Property

By Brianna Levine


Cyprus is a little jewel of an island nation found in the Eastern Mediterranean. It is a popular vacation spot with an 8000 year old history. Its scenic merits include ancient ruins, breathtaking pastoral scenes, and gorgeous seascapes. A warm climate and the warm attitudes of the locals have done much to promote the island country as a destination for leisure and sports like scuba diving and golf. Vacationers and retirees alike have found dreams come true when they bought a Cyprus property.

Part of the island's history is that was a colony of Britain up until 1960. It is still a favorite recreation and retirement spot for many Britons. Thousands of British have permanent homes here and thousands more spend their holidays at their own vacation properties.

There is a divide of North and South of the island due to Turkish military occupation. Pending the inclusion of North Cyprus into the European Union, current issues are the subject of negotiations.

Presently, many properties on the island are being sold and prices have gone down. Despite a recent increase in tourism on the island, few tourists have taken interest in buying property.

Even so, the current availability of properties and attractive prices has retained some interest. An individual desiring to buy a house, apartment, condominium unit, or the like can benefit greatly by deciding on exactly what he prefers to have in a place on the island and the finances he can muster for the purchase of such a place. When he is clear about these, listings online are there for viewing and the interested buyer can contact owners for a meeting and visit. He may also accomplish this with a real estate agent.

A real estate agent can be helpful to a buyer, but and agent may ask a commission as much as 2% of the price of the estate. The properties presented to the buyer may also be limited to what the agent has preselected.

Choosing to purchase privately may be more advantageous for the buyer in that he may have a more personal approach to negotiations, as well as a freer hand in the number of sites he would be able to visit. The buyer may be able to get better prices, payment schemes, help with repairs, and such.

A Cyprus property can be owned by an interested individual through a number of options that are there for consideration. As can be attested by many satisfied and content property owners on the Mediterranean isle, owning an ideal vacation retreat or home is not so far fetched.




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