At a time when buying a property abroad – be it as a holiday escape or an investment purchase – is becoming more and more appealing given the UK’s current housing crisis, it remains important to consider the purchase as a whole before committing. This means factoring in the other added expenses that it is easy to overlook when falling for your dream property, especially when the price is extremely appealing when coming from a UK market.
When buying abroad you need to make sure that your entire budget isn’t blown on the property itself but that sufficient amounts are put aside for legal fees and taxes for example. In this case, it is important to be led by both your head and your heart. If the property is to be used as a holiday home, the price of flights need to be looked into, for example, to make sure that you can afford the property that you are set on. The expense of furnishing the property is another factor that it is also easy to overlook, an often difficult task in a foreign country where it is hard to know where to buy and which are respectable retailers.
This particular problem, however, is one that Aristo Developers – specialists in properties in Cyprus and Greece – can take off your mind. They are offering customers who reserve a property between 1st August and 30th September 2008 a free €6,000 voucher to spend on furnishing their property in selected retailers. Not only does this mean that you will have more money to play with when it comes to the property and covering legal expenses, you also have the ease of knowing that respected retailers have been chosen for you. This combined with the fact that properties will also come with free air conditioning means that your budget really will stretch further.
Terms and conditions apply and for further information please contact Aristo Developers on 0800 082 0601 or visit www.aristodevelopers.com.
Cyprus Market Comment
Martin Pearce, UK Sales Director for Aristo Developers, comments,
Cyprus seems to be one of the most stable destinations for real estate investments in Europe. Cyprus scored highly in the last few years in new property developments political and economical climate, and especially highly in internet hits and media coverage. Popular for its year round sun the island achieved a strong 2007 capital value growth. (Around 15%).
Strong infrastructure empowers the destination further:
Plans for the extension of the two international airports Laranca and Paphos were implemented and works are expected to be completed by the end of 2008. This will change the dimensions with regards to the capacities of these two airports, (The capacities will almost double) which creates new opportunities. New carriers from all over Europe showed serious interest of operating to the destination and some of those started already flying to Cyprus.
The new and modern road network creates new opportunities within the island of Cyprus making distances considerably shorter and comfortable.
Moreover the local town planning authorities gave their final approval for a new modern marina in Limassol (works already started), and a further licence for luxurious state of the art marina is given for the region of Paphos (tenders were submitted to the government and expecting final decision by the end of this year the latest)
Further championship designer golf courses shall establish the island as emerging golf destination and attract additional investor’s to the destination offering at the same time a very good alternative to the already established golf destination i.e. Portugal and Spain.
After the introduction of Cyprus in the Euro zone the interest rates became lower making borrowing cheaper.
All above facts compose the stability for investments in Cyprus securing at the same time capital value growth for the years to follow.
For more information please contact Aristo Developers on 0800 082 0601 or visit www.aristodevelopers.com.