Off-Plan Investment Market
There are large numbers of investments in Cyprus that receive a very good return in the off-plan-build market environment.
Generally "buyers" tend to be impulsive and demand that the properties are completed, so they can actually see the properties and therefore the prices are reflected by this.
Accordingly the investor who is prepared to buy off-plan, is offered the opportunity to make an excellent capital return by selling the property just before the property is completed.
However the investor has to be aware that the "investment“ needs to be in the right area and that the property is a viable project that will be easily sold to release the capital appreciation.
The project has to be carefully selected to ensure that the investor has full local knowledge.
There are any number of potential opportunities promising huge returns, with many Agents and Developers offering "as if by magic" returns on investments.
Sadly many of these fail.
Of course, there are portfolios making good returns, but like anything these have only been created by investments that have been vetted and chosen prudently.
The Buy-to-Let investor is best advised to use a reliable Property Consultant / Buy-to-Let specialist, such as Cyprus XYZ and one who runs a rather conservative operation.
A specialist ( such as ourselves ) should first ensure that it has a detailed contact with the client, thus gaining the full the picture of the client's needs and then identifying for the client the best possible investment scenario.
For example, one of the ways to help to build a true picture of successful investments is that the specialist will take the details of an apartment off-plan investment, and compare completed properties in the same area and type, ensuring that special notice is paid to the current market value, and so on.
They will then encourage the client do the same, to gain independent confidence.
There are many web listings to compare the current real asking prices, so the process is not terribly complex or time consuming, but well worth the effort.
The process of buying a property is different in every country.
It is essential that you become completely versed in the house buying process in Cyprus before you make any offers or sign any contracts.
