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2 May 2023
The Land of tomorrow.Larnaca.
Larnaka - Land of Tomorrow An iconic new project changing the face of Larnaka as we know it. The largest mixed-use development on the island to boost Larnaka growth while nurturing a sustainable life well lived. The ultimate Mediterranean destinati
27 February 2023
Larnaca the place to Invest!
Property investment in Larnaca is booming and it is not surprising that investors are highly interested in the city given the variety of properties available for investment and large-scale development projects that are promising to modernize the city.
20 January 2023
Amazing Market Growth in Cyprus Real Estate.
Following the several Coronavirus lockdowns , as well as the conflict in Ukraine and uncertain socio-economic conditions worldwide, the global real estate market has seen unprecedented growth in 2022. This is perhaps best illustrated in Cyprus, where the
Investment property in Larnaca
Investment property in Larnaca. View lists of bungalows for sale in Larnaca, Cyprus advertised by owners, agents. Cyprus Properties. Located on the picturesque South-East coast of Cyprus.
Investment properties generally require a larger down payment than owner-occupied properties, so they have more-stringent approval requirements. The 3% you may have put down on the home you currently live in isn’t going to work for an investment property. You will need at least 20%, given that mortgage insurance isn’t available on rental properties.
The cost of borrowing money might be relatively cheap right now, but the interest rate on an investment property will be higher than traditional mortgage interest rates. Remember, you need a low mortgage payment that won’t eat into your monthly profits too significantly.
It’s tempting to look for the house that you can get at a bargain and flip into a rental property. However, if this is your first property, that’s probably a bad idea. Unless you have a contractor who does quality work on the cheap – or you’re skilled at large-scale home improvements – you’re likely to pay too much to renovate. Instead, look to buy a home that is priced below the market and needs only minor repairs.