Skip to content
Search

Latest Stories

Avoid These Mistakes When Investing Abroad

Property investment is probably the most lucrative form of investment that offers longevity and security. That being said, there are still so many mistakes that are consistently being made and costing people millions. In this article, we will be zeroing in on how to avoid these mistakes and make sound property investment decisions.

Let’s dive right in.


#1: Know Your Location

One of the biggest mistakes people make when purchasing is not considering the location and demographic. Purchasing apartments in an area that is geared towards homeownership or vice-versa can lead to a poor investment.

Do your due diligence especially when purchasing abroad where you may be less familiar with the area. Often people will visit a foreign destination and see families on holiday. They then might mistakingly believe that there is a market for housing when in fact the weather or other factors doesn’t permit purchase in that specific area.

Choose a trusted broker to help you understand the area and demographics of your investment prior to purchase. Understanding who and why people visit a specific location is crucial. Creating a romantic getaway boutique hotel experience in a place that is more about young families than romance may end in a bust. While knowing why tourists go to a certain place

#2: Bad Financing

This is another major mistake. When investing overseas it is quite common to settle for poor financing options. You don’t have to. Many places, such as Cyprus, are specifically looking for other members of the EU to invest. Because of that, you can get great financing options through a local broker. Companies like Prime-Property will walk you through the various financial considerations as well as programmes, such as permanent residency in Cyprus that will makeproperty for sale in cyprus easy.

You can go online and review their property for sale in cyprus. They offer a wide range of prices and opportunities from land purchase to turnkey villas all over the beautiful island.

#3: Thinking Long-Term

Like any investment, you should be considering what the long run will look like. Does the investment offer longevity? Can the place be easily transferred to your spouse and grown children? When researching property for sale in cyprus you will want to take a look at their unique and convenient features for investments. Not only does Cyprus offer luxurious properties at great prices but they offer various incentives such as permanent residency, social and tax advantages, a fast application process, total transparency.

Wrap-Up

When it comes to purchasing property abroad weigh your options well. It is easy to make various mistakes especially if you are a first-time buyer. Utilizing a trusted property broker like Prime-Property Group can help you choose lucrative investment properties all over Cyprus. Doing your own due diligence as well as looking into the best financing options will help you choose the best place for your money and ensure low-interest rates and high ROI. Consider investments like any other long-term decisions, weighing the pros and cons, and picking a place that your family could easily take over if you choose to turn it into a business or your own residence.

More For You

Community organisations encourage transition to eVisa for convenience and security
The latest Home Office statistics show that over three million people have now made the switch from using physical immigration documents to an eVisa.

Community organisations encourage transition to eVisa for convenience and security

Eastern Eye

Community organisations and immigration experts support the UK government’s campaign to advise people about the change from physical immigration documents to an eVisa, an online record of a person’s UK immigration status.

The latest Home Office statistics show that over three million people have now made the switch from using physical immigration documents to an eVisa.

Keep ReadingShow less
Choosing the Right Business Phone System: A Comprehensive Guide
close up employee call center man hand point to press button number on telephone office desk with virtual communication technology concept

Choosing the Right Business Phone System: A Comprehensive Guide

In today's fast-paced business world, effective communication is essential for success. But with so many options, how do you choose the right phone system for your business? Traditional landline, VoIP, cloud-based systems—the choices can seem overwhelming. To make it easier, we’ve broken down the key aspects you should consider when selecting a business phone system. Let’s dive into the different types of office phone systems for small business, key factors to evaluate, essential features, and costs associated with each option.

I. Types of Business Phone Systems

Keep ReadingShow less
Super Apps Staying Alive in Asia

Super Apps Staying Alive in Asia

There are apps for pretty much everything, from social media to trading and investment. Some apps have stood the test of time, while others disappear almost as quickly as they were added to the app store. However, it can be challenging to manage a ton of disparate apps, each offering a single or limited number of functions and features.

Enter the super app. Super apps are those that can be used for multiple different purposes, providing a single platform from which to game, socialize, invest, learn, and much more. A term originally coined in 2010, super apps are becoming especially popular in the Asian market, although they do still retain some popularity in the rest of the world.

Keep ReadingShow less
10 Ways to Live More Sustainably

10 Ways to Live More Sustainably

Living sustainably doesn’t have to mean making huge sacrifices. Small changes to your daily routine can make a big difference for the planet. By focusing on reducing waste, conserving resources, and rethinking your habits, you can contribute to a greener world. Here are ten simple ways to live more sustainably.

1. Refill and Reuse Coffee Pods

Keep ReadingShow less
CalistaTrade reviews: perspectives of working with the broker

CalistaTrade reviews: perspectives of working with the broker

In recent years, trading has become one of the most discussed topics in the world of finance and economics. The growing interest in this type of activity is due to a number of factors that have made it accessible and attractive to a wide audience. You can start interacting with a broker at any moment. Owners of large monetary capitals can choose CalistaTrade. The company offers loyal terms of cooperation and acts as a leader in the trend direction on the stock market. Regular clients of CalistaTrade actively share their impressions in reviews about working with the broker and focus their attention on modern technologies and the possibility to personalize the trading process. The European investment broker builds trusting and mutually beneficial relationships with clients to take the leading position in trading and be the best of the best.

CalistaTrade reviews: what does the broker offer?

Keep ReadingShow less