Cyprus mortgages - 35 year interest only through InvestinCyprus.com

InvestinCyprus.com has been instrumental in liberalising the mortgage market in Cyprus. We are pleased to announce that we have the facility to offer 35 years interest only products to our clients.www.investincyprus.com

Lettings and Property Management

The InvestinCyprus.com Lettings and Property Management (LPM) company is now up and running and the first tenants are coming into the office looking for accommodation in our prime sites. We have also tied in with a large hotel chain which has received enquiries from Sweden for long-term winter lets. Many of our investors have been very successful with their own lettings strategy and in some cases had more tenants generated than property available. We have now set-up the IIC Tenant Pool. If demand exceeds supply due to successful individual marketing campaigns, the tenant or holiday maker is then offered alternative accommodation from the Pool. A lettings fee is then paid by the recipient to the supplier of the tenant and InvestinCyprus.com acts as a (commission free) broker. More on the LPM in future newsletters. This service is exclusive to InvestinCyprus.com investors and homebuyers only.

NEW RELEASE: Dionyssus Golf View, Tersefanou

We launched our new Golf development in Tersefanou to our existing clients over the weekend and had a terrific response.

In outline, the development is a mixed complex of 80 apartments and 26 villas with

• 3 communal pools, gym
  
• tennis court,
  

all located on a ridge overlooking the PGA 18-hole signature golf course backed by the European Golf Federation at Tersefanou in Larnaca District. The golf course will feature:

• a clubhouse and country club multiple restaurantsa retail villageentertainment areaequestrian facilitieshealth spahelipad
  
• tennis courts and sports fields
  

as well as villas selling at over CYP 3000 per m2 (compared to this development at CYP 955 - 1495 per m2). The golf course is due to begin construction next year with a completion date of 2008, well before the completion on the project, even allowing for any delays. The project completes in mid-2010 although the exact date has not been finalised as yet. The rental potential will also be very strong given the proximity to the airport and the draw of the golf course which will extend the rental season through the winter. Deposits are 20% with 80% LTV. For further details contact Kate in the Liverpool office on 0151 482 5526

http://www.investincyprus.com/

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FREE Cyprus property investment seminar 20th November 2006 - London

Dominic Farrell author of bestselling “The Jet-to-Let Bible: the secrets of overseas property investment” and founding editor of “The Jet-to-Let Magazine” will be hosting a FREE seminar Monday 20thth November 2006 in Central London at 7pm examining the case for investing in Cyprus. Now is an ideal time to enter the property market, with property prices rising, sterling at 2 year highs against major currencies and positive news about the economy. He will also highlight the most favourable regions for investment and strong returns. Dominic will also highlight the excellent mortgage products available to InvestinCyprus.com clients, including 100% mortgage finance and interest only payments up to 35 years. The seminar will also look at some of the latest development projects. If you wish to attend please complete the form at: http://www.investincyprus.com/events/property_seminar_application.htm
These events are always full and tickets will be allocated on a first come first served basis and limited to 2 per applicant.

Global interest rates, Eastern Europe and Cyprus property

Another busy, but enjoyable week goes by. Monday we had an evening seminar in Liverpool which was well attended with some investors flying in for the night – a classic “Ryanair effect” I had 2 days in London, on the radio for one of them which I enjoyed immensely and the other spent meeting a major overseas development company which has worldwide interests. Back to Liverpool, Jet-to-Let Magazine design pitch today and off to the Lake District at the weekend for some R&R. Global interest rates The Bank of England left rates on hold at 4.75% and the European Central Bank raised by 25bps to 3.25% which is in-line with market expectations. My view would be that UK rates have further to go – likely 25bps before Christmas and another in the 1st quarter 2007 (based on the latest data), the ECB is likely to have another 25bps in the pipeline, possibly before Christmas and then we will be somewhere near the peak in this cycle and the Fed, well, we may be close or even at the peak presently. For those of us with UK and overseas investments at variable rates this may help you with your planning although as always you are advised to take professional advice on your investments from an authorised person. Cyprus Property Investment We met over 150 investors last week all interested in Cyprus property. Some of these investors were new and others were investing more money into this vibrant and exciting market. You may be interested in the following report by the head of the Land Registry last week: “Property, apartment and detached house prices are expected to increase by seven to 12 per cent in the immediate future, the House Commerce Committee heard yesterday.

According to the head of the Land Registry Department, Andreas Christodoulou, ’From studies that were carried out by the Department, it appears that the value of land will increase when it comes to plots of land, apartments and detached homes, and this is mainly due to the great demand that exists from European citizens’ said Christodoulou.

He stressed that the increase in prices would be within a legal framework and it would be estimated at between seven and 12 per cent, depending on the area.

In some areas the price increase would be higher than in others, he added.” {I think we all know where these are!} Source: Cyprus Mail InvestinCyprus.com We have some of the very best investment opportunities and finance on the island of Cyprus. In addition InvestinCyprus.com has considerable experience in the market and the directors live and invest in the properties themselves. It is always a good question to ask those seeking to sell you property – do you buy these yourself? With sterling at 2 year highs now is an excellent time to invest. We are preparing our latest development which is keenly priced close to the new PGA golf course at Tersefanou – details will be released shortly. Jet-to-Let MagazineThere will be further news on the Cyprus property market in the first edition of the Jet-to-Let Magazine published later this month. In addition we will put the spotlight on 2 other potential investment countries and will take a look at the latest UK property news. Further details and your FREE subscription application can be found at: www.jet-to-let-magazine.com Have a great weekend Best wishes Dominic Farrell

If you wish to discuss your investment requirements with one of our investment consultants then please call: 0151 482 552

Get ready for a property boom

Property, apartment and detached house prices are expected to increase by seven to 12 per cent in the immediate future, the House Commerce Committee heard yesterday.

According to the head of the Land Registry Department, Andreas Christodoulou, Cyprus is the cheapest country in the European Union when it comes to properties, apartments, houses and land. For this reason, he added, many Europeans are interested in coming to Cyprus and investing in land and properties.

“From studies that were carried out by the Department, it appears that the value of land will increase when it comes to plots of land, apartments and detached homes, and this is mainly due to the great demand that exists from European citizens,” said Christodoulou.

He stressed that the increase in prices would be within a legal framework and it would be estimated at between seven and 12 per cent, depending on the area.

In some areas the price increase would be higher than in others, he added.

Source: Cyprus Mail