Treasure Island: how to increase your capital by investing in Cyprus real estate?
Cyprus remains one of the most popular countries in the world for property investment. And there are many reasons to become the owner of square meters on the island. Summer all year round, incredible beauty of nature and friendly neighbors, and if you delve into this issue with financial interest, then the desire to move increases many times over!
Real estate in this region has always been an interesting investment option. And an increased increase in demand from investors has been observed since 1995.
Therefore, let’s look at the most interesting strategies for investing in this industry.
Firstly, the options for making a profit from real estate differ in the amount of passive income and the personal time that the investor spends on the entire process. Based on this, let’s move from the fastest method to the more complex one:
- Buying an apartment in a new building and resale it at the final stages of construction.
The stage when construction of a building just begins is called off-plan. The yield ranges from 15 to 25% per annum based on the price increase between the start of sales and the final stage.
- Renting out an apartment or villa.
Currently, the average yield from real estate rental is 5-8% per annum. At the same time, housing prices have increased by 15-20% over the past three years and continue to increase along with the income of landlords. Thus, you not only benefit from passive income, but you can also profitably sell the property after some time!
- Recently, such an option as flipping is gaining more and more momentum. This is when an investor buys an apartment in an old building, makes a major renovation, installs good furniture and appliances, and then sells it at a new price, as a modern home, ready for immediate occupancy.
Profit ranges from 15% to 30% per annum. This is due to the fact that “bad” apartments take a long time to sell, while renovated housing is in high demand and is sold at market price literally in a matter of time!