Buying to sell
For a speculator looking for the fastest return on his investments the advice is to purchase individual villas on small developments as opposed to those on larger sites. If bought off plan the money invested can increase by up to 15% before construction has completed. Upon completion of the project, the estimated profit can be as much as 30 - 40%.
The re-sale market in North Cyprus is still in its infant stages and the demand for re sale property is far greater than the supply. Re-sale properties are very rare and extremely hard to come by. There are prospective buyers that have maybe sold their property at home, are looking to move almost instantly, and not have to rent or wait for their new property to be constructed.
Properties can be re sold before the title deeds are transferred into the investors name creating a short-term investment that provides fast cash.
Another way of increasing return on your investment is to improve the property before selling. This is achievable by adding extras to the standard build such as air conditioning units, central heating, double-glazing or installing a private swimming pool.
For further information please contact us:
Cyprus Island Homes Ltd.
Entrance of Lemar Karaoglanoglu, Kyrenia
North Cyprus, Mersin 10 Turkey
Tel: +9(0) 392 822 2661
Fax: +9(0) 392 822 3460
info@cyprusislandhomes.com
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