| OFF PLAN INVESTMENTS:
Over the next few years, Cyprus will be home to 5 marinas (the biggest being in Coral Bay) and 9 golf courses. Properties purchased in these locations will reward the investor with up to 50% R.O.I (return on investment). Upon completion of related facilities within the local area, properties will rise further by another 50%. Proof of these claims, are found when you investigate the growth of similar Mediterranean islands. Investors must be aware that re-selling your property, maximum profit can only be achieved from properties with unobstructed panoramic views. From our experience properties should be kept for at least a year before selling in order to maximize the prospect of a good R.O.I. One bed properties rent from between 300 Cyprus pounds & 500 Cyprus pounds per week while 2 beds rent from between 400 Cyprus pounds and 650 Cyprus pounds a week With Cyprus being an all year round resort you can expect: 1 bed 20 weeks@400 = 8000 - 20% for property rental company, cleaning etc = 6,400 Cyprus pounds 2 beds 20 weeks@600=12,000 - 20% for property rental company, cleaning etc = 9,600 Cyprus pounds Please note that these figures are calculated over only 20 weeks With the Cyprus loan of around 4% we have worked out, one weeks rent, will l cover the monthly loan repayments if you choose to take out a mortgage. Andreas Georgiou Developers has expanded rapidly due to accurate advice given to their clients. We have set up a rental department to help clients get the most out of their investment. Please do not hesitate to call for sound, quality advice.
Recommended Housing Loan for Cyprus Investment Properties Most of the property purchasers coming from abroad are eligible to acquire a housing loan from Cyprus banks and financial institutions under the following conditions and benefits: A) Required age limit: Up to 70 years
B) Minimum deposit, 20% of sale price
C) Repayment period of up to 30 years
D) Grace period of up to 2 years or until completion of property where the purchaser will have no repayments or interest payments to make.
E) Interest rate: you can apply for a multi currency housing loan, where you can choose any currency; It is highly recommended to have your loan in Swiss francs since it has been the lowest interest rate, starting from around 4% E.G. 50, 000 Cyprus pounds loan would cost 350 Cyprus pounds a month. On completion of the property the client can carry on with the loan and pay the monthly instalments with the rental money received on the property or has the option to pay back the loan with no penalty charged. What is required by the bank or financial institution: 1.) Bank reference from your bank
2.) Bank statements from your bank
3.) P60 or any other evidence of your income
4.) Contract of sale stamped and lodged to the land registry
5.) Proof of payment of the 20% deposit
6.) Passport Copies
7.) Power of attorney given to your Cyprus solicitor.
8.) Bank account with the bank you will be applying for the loan.
9.) Tangible security that the property will be provided by the developer This is a great way for the investor to pay out the minimum amount of money, rent out his property and have the growth in his investment. Other loans can be obtained from various banks in Cyprus. If you need any further advise please contact us by phone or E-mail: | 
Off Plan Property 
