Although many of our clients are looking for holiday and retirement homes, we are experiencing an increase in demand of people looking for property in Cyprus as a buy-to-let investment. If you do not intend to live in your property on a permanent basis, renting your property is an excellent way to cover running expenses and generate a return on your investment.
Buy Abroad Ltd is well placed to handle all aspects of your buy-to-let property investment in Cyprus from finding property with good growth potential through to help with mortgages and ultimately management of rental and maintenance.
We can offer a safe and professional rental service, whereby we will undertake to market and manage rental of a buy-to-let property on behalf of owners. We will endeavour to keep your property fully rented at all times.
Well, firstly the climate makes it unique. Unlike a lot of holiday destinations, such as Spain and France for example, Cyprus has an extremely long summer with warm weather lasting from March through to November. Therefore rental income can be maximised over a much longer period than with other holiday destinations where there are short, intense summers lasting only three months. Cyprus is fast becoming one of the most popular winter sun destinations.
With inclusion into the European Union, the property market in Cyprus is set to increase over the coming years. There are ambitious plans to build a large marina close to Paphos and a further three golf courses are planned for the coming year.
Many people in the UK have invested in buy-to-let properties as a way to supplement their income or pension. People are now finding that a buy-to-let property in Cyprus can offer a much better return on their investment.