Good evening to the members of the group Shemi Gilor Moti from Gilor Properties who specializes in marketing projects in Cyprus…
Good evening to the group members My name is Gilor Moti from Gilor Properties specializing in project marketing in Greek Cyprus
I am associated with a number of large companies in the field of Cyprus building leptos
Aristo development
Buyandsell Cyprus
There are some investment parameters in the sand and not always the yield issue is relevant as the geopolitical situation in the country quality of living cost of living and government measures towards foreign precipitation
Cyprus today is open to outside investment and encourages them with tax benefits, fixed residency laws and investments in a European passport route. I will not elaborate here in a long article because there is much to tell about the sediment that wants to buy property in Cyprus
There are some benefits to consider
One of our proximity to Cyprus
2 Mediterranean climate alongside an authentic Greek record
3 Tax benefits and residency for investors
Real estate prices are relative to the country
4 Since the election of Nicos Anastasiadis Cyprus presidential election has become a "hot" investment place after a decision to build a number of huge Las Vegas-style casinos in Limassol, Paphos, and in Napa and Nicosia
Which will add value to real estate investments on the island
On 20 / 2 I fly to Cyprus for business meetings for a few weeks if you want to meet with me there or contact me
I can happily communicate
Thanks to the team members
Moti Gilor
Thanks for the update, it is important for investors to know what kind of investment they are making, is there a short-term investment in taxable income on rental income? Do you refer to it as a business? When you say short-term asset management for 5 euros per hour how does it work? Annual occupancy rates?
Ronny let me fix you a little. Cyprus rentals are mainly excellent for short term airbnb. And it's easy to manage the property from the land. There are many locals who will be happy to handle and operate the property for 5 euros per hour
Real estate investor focuses on potential for increase in value, rental yield (has an effect on positive or negative monthly cash flow when purchasing with financing), investment location should be financially strong with large and diverse employment centers (otherwise rent compensation should come against risk level), Location There is clear legislation defining the relationship between tenants and landlords, strong currency, comfortable taxation, democratic regime, quality professionals (preferably those who invest themselves in the market in which they operate), realtors and management companies, the property should appeal to a wide target audience of tenants who can easily meet In the monthly costs, time to find a reasonable tenant, reasonable time when selling the property, an advantage in the English language, a quick and cheap process in evacuating a tenant who does not pay, understanding about legal process when needed הצורך. Since the investor does not intend to live in the property, irrelevant to weather conditions, relatively short flight time to the property (when there is a good management company) or a villa with a swimming pool and comfortable weather most days of the year, these data are irrelevant to a professional investor. net.
Hello friends, a little addition to Motti's excellent post. Cyprus, in contrast to Israel, is allowed to build on agricultural land at a rate of between 6 and 10 percent.
The purchase tax has tax stairs.
As one who has lived continuously in Cyprus for over a year it is not always worth looking only at the yield itself and there are more important factors such as stepping foot into the EU. Abroad closest only 40 min flight. Weather as in Israel and currently Cyprus is the Israel of the 80s. I also market real estate in Cyprus directly to the property owners. Specialist mainly in the Larnaca and Limassol region. We have a lot of fine real estate including for large developers apartments and villas as well as plots at great prices on the waterfront.
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As a foreign investor in the country you must have proper disclosures in the country you live in. Reporting income tax on sand does not mean you will pay any tax on your rent. The laws in Cyprus are very similar to our laws based on mandatory laws and Cyprus was British in the past. . No brokerage fees are only paid by the seller. There are laws like every country, so I work with big companies and lawyers
Mutti, I have some questions
Is the yield 7% -8% gross?
What are the associated costs to pay when buying a property?
How much does the management company charge each month? Is there a rent finding commission?
Can you elaborate on a tenant eviction procedure?
thanks for the answers
Hi Mutti… some questions…
What is the average return you can get?
How does the tax method work for an investor?
How's the rental market there?
How to clarify and verify the information about neighborhoods, prices, etc.
I can join …?? Is there a first class place ?? ??
Thanks Max I would love to answer any questions on the forum
The beauty of a post bro