Tourist paradise for sale

"Property in Cyprus" - this phrase seems to news from the 1990s, when our countrymen together a start-up capital, took refuge on the sunny island of crime and economic turmoil, while larger states have found here a haven for offshore companies. Although endemic fashion on Cyprus was held, real estate in this country is in steady demand among Russians. Which is understandable. The island of Cyprus - a great climate, with more than 300 days of sunshine per year, the beautiful Mediterranean Sea, a centuries-old history, as well as economic benefits (tax breaks, a variety of business benefits, and low by European standards, cost of living). It is quite safe - you can leave the car is not closed with ignition keys, and locks on the doors have a more symbolic character. Plus, Cyprus - this is Europe, because the country since 2004, joined the European Union. All registered companies on the island are associated with these benefits. As a result, many are choosing Cyprus as a base for holding companies, investment managers around the world. House with amenities on the roof of Cyprus's accession to Europe as a jump in prices is related to the local market and closing offshore. Both of these factors though and reduced the number wishing to purchase housing here, but not brought him in there. Cyprus most loved among the Russians and the British. For example, with Albion already settled here more than 70 thousand people. Our compatriots who are accustomed to multi-family homes, typical Cypriot house seems to be something unusual. In fact, housing here - mostly low-rise. So small in fact the city - Nicosia, Limassol, Paphos, Larnaca apply to the vast territory. Of course, you can buy in Cyprus and in the studio apartment high-rise building (for example, in Larnaca, it will cost 50 euros), but the majority of Russian buyers prefer to acquire low-rise housing in the townhouse or detached cottages. Spacious home in the English style is not measured by number of rooms per se, but the number of bedrooms. In hot climates, pool is considered not a luxury but a necessary option. Only in the home richer private artificial pond, and less expensive townhouses - communal. The bright Mediterranean sun, from which local residents take refuge under the sun loungers, makes working engineering systems. If you look at the roof of the Cyprus House, it will show up here and for hot water tanks and solar panels - not just full autonomy in the provision of municipal benefits. By the way, the most expensive water in Cyprus - it is almost there. Rivers dry up in early summer rains in the autumn and winter, and then no more than 40 days a year. Therefore, big cities are supplied with water from the artificial lakes in the Troodos Mountains. And vineyards and other crops are watered desalinated sea water, causing the local wine in the first moment after opening the bottle there is a slight odor of iodine. Limassol in Russian Big populated cities here. In the capital of Cyprus - Nicosia - home to only 177 thousand people in Limassol - about 120 thousand, however, the main city of the republic, midland and striker in the summer temperature records, as a place of residence does not appeal to the Russians. Another thing - Limassol. The second largest city and biggest tourist center of Cyprus situated on the southern coast of the island of Cape Akrotiri. It is this port city became the center of the Russian community in Cyprus. It lives about 10 thousand of our compatriots have Russian-language TV channel and newspaper, work and church Russian schools. Cypriots complain - the influx of Russian domestic inflated land prices. As a result, housing has become unaffordable in Limassol, Cyprus for young families. Indeed, in recent years, Cyprus property prices have risen significantly. However, there still can be purchased requires repairs studio of 40 m for 50 thousand euros. But the two bedroom apartments with sea views, large balconies and storage rooms in a new more expensive - from 160-300 thousand euros. Villa with a terrace and private pool near Limassol would cost 400-600 thousand euros. However, it seems if Limassol is not enough pathos and prestige, then we can decide to live in a literal sense in Paphos. A city with a population of 70 thousand inhabitants in the south-west of the island. It was here, according to legend, came from the sea foam Aphrodite. A few minutes walk from the famous sandy beaches of "Coral Bay" on the coast are built housing estates, the price of 3-bedroom villas which start from 500 000 euros. However, such a purchase can not be viewed as a home for permanent residence, as well as medium-term investments. Upon delivery of the villas for rent to tourists, it can be recouped in less than 10 years. Fashion to live during the holidays in a rented apartment, and not in hotels, distributed mostly in English. The average occupancy apartments during the year, according to the Association BySale, is about 50% since last holiday season in Cyprus from April to October. At other times, you can take most apartments. Those who are in power does not involve high cost urban housing, it may come from a house 80 thousand euros in one of the many cottage poslekov - over Cyprus they erected a few dozen. True, such a democratic accommodation will be located away from the sea, but then the distance is small. The right to housing legal system in Cyprus, including the procedure for real estate transactions, copy the legislation of Great Britain. Most Cyprus property for sale on freehold basis - long-term lease almost common. Foreigners can buy in Cyprus apartment, house or land for construction, as well as undeveloped plot of land - conditions of sale are the same for all, regardless of nationality. After signing the contract of sale application is submitted to the Council of Ministers for approval of purchase of the property. This is nothing more than a formality, and by any law firm or private notary. The buyer may use and mortgage loans with a rate of 4-6% per annum. Depending on the bank lending conditions may differ slightly, but more credit is given at a rate of 50-70% of the purchase price with a maximum repayment period of up to 35 years. Document confirming ownership of the property owner will receive a happy, after all pay the cost of housing and land department will issue the relevant documents. After signing the contract of sale and making the first payment, the document is recorded in the Department of land. This protects the buyer's right to issue a document of title. Provided in the Department of agreement can not be revoked by anyone other than the buyer and the seller may not rent, sell, transfer or mortgage the property. Loyalty to the Cypriot legislation, relatively affordable prices and the growing potential of Cyprus property purchase can be considered here is not only a bargain but good investment. Opinion Marina Lugano, the director of the company Valencia: If the procedure of buying property in Cyprus like the British, then, when it comes to housing maintenance, any Englishman will be pleasantly surprised by its cheapness. For real estate in the complex with centralized services charged for these services. The amount depends on the area of ​​housing and public facilities within the complex, such as swimming pools. In general, fees can range from 200 to 350 Cyprus pounds in six months. Local tax is similar to the British council tax, and usually no more than 30-100 Cyprus pounds per year. Collection of real estate will be charged once a year and is calculated from the value of the property at the prices on January 1, 1980 Despite the fact that the value of property in Cyprus has grown in recent years, the market is still in its infancy. Compared with many countries house prices are still attractive. But the accession of Cyprus to the euro zone, the transition to the European currency will undoubtedly increase the growth of newly invested capital. So now just the perfect time to invest in Cyprus property. Ina Zizenberg opinion, acting Manager of the Department of Foreign Real Estate Group of Companies "Guyot" I lived for two years in Cyprus and I think that the ideal place to live here - it's pathos. Stationed at the expense of the hills around the city climate is milder than in other parts of the island: cool in summer and warmer in winter. UNESCO has recognized this city world historical heritage. Only in the region of Pafos operates a special law on the construction: houses can be no higher than three floors, the hotel - not more than five. In Paphos you can buy a property to suit every taste - from the relatively inexpensive apartments to luxurious villas in the mountains or the seashore. For example, in a newly built complex Latci Beach Villas, which is located right on the beach, it is planned to build 13 houses - all in the first line to the sea with an area of ​​800 sq.m. The cost of the initial phase of construction is 2 million euros. According to local experts, the Russian buyers should interest this proposal, since Russian customers love the villa overlooking the sea.