Have you ever questioned why the majority of people opt to buy a home, especially in Famagusta Cyprus?
First and foremost, why would someone choose to purchase as opposed to renting? People may have different needs and wants, so the reasons may differ greatly between them. However, there are some compelling arguments in favor of buying, and these are just a few of the factors that encourage most people to do so.
These are some significant advantages of purchasing a home or piece of property, regardless of whether someone intends to live there long-term or they simply prefer to invest their money:
pride in possession. I see no disagreement. You feel secure and stable because you have a distinct sense of ownership over the location. This is unquestionably among the most significant factors in why most people prefer to own a home or piece of land.
Increasing the value of real estate or a home According to historical data, property values typically increase rather than decrease. Purchasing a property is thought of as a very safe and solid investment, even though there is no guarantee, particularly if you invest wisely.
Use a loan to invest. Unlike any other investment, purchasing a home is likely the only one for which banks are eager and willing to lend money. neither a business investment nor a forex investment. This alone demonstrates how risk-free purchasing investment property really is.
The fundamental query isn’t “Should I Buy,” but rather “Where Should I Buy My House or Property”? The solution is very straightforward. Without any hesitation, invest in Famagusta right away.
1. What justifies investing in Famagusta?
The following are seven excellent reasons to purchase a home or property in Famagusta: 1. Stunning Scenery Cyprus is undoubtedly one of the most stunning islands in the entire world. For both locals and visitors, Famagusta is the most desirable place to live in Cyprus.
2. Popular vacation spots
Famagusta is regarded as one of the most alluring vacation spots in all of Europe, if not the entire world, with some of the most stunning beaches. In Famagusta, there are 26 beaches that have earned the Blue Flag designation. Fig Tree Bay, Pernera Beach, Makronisos, among many other gorgeous examples of beaches with crystal clear waters, have received the prestigious Blue Spot Award.
3. Economic factors, both micro and macro
Tourists and foreign investments are not Famagusta’s only sources of revenue. Warfare could occur, as we have recently seen, but a pandemic could also deter travelers from going abroad. Even though this shouldn’t be considered in the short term, these things do happen, and your property’s value may decline. This isn’t the case in Famagusta because it serves as the main hub for domestic tourism as well as being a popular tourist destination.
4. Possibilities for Investment
The 12.5% corporate tax rate, one of the lowest rates in the European Union, attracts many investors to Cyprus, where the economy is based primarily on the service industry. Multinational corporations that have established offices in Cyprus have taken notice of this.
This effectively generates sustainable growth, which has led to a surge in the market demand for housing and rent.
Don’t forget the brand-new, opulent Ayia Napa Marina in the Famagusta area, which is already luring foreign investors and millionaires who choose to come for a vacation to spice things up a bit.
5. Hospitality And Safety
One of the safest places to live, according to many people. This is a crucial factor to take into account if you’re interested in purchasing a home, especially if you want a place for your family to live. You will be pleasantly surprised by the local Famagusta community, which is renowned for its friendliness and openness to tourists.
The inhabitants of this amazing, lovely, and visually stunning place have long since learned how to live in peace and harmony with visitors, and those who make the decision to relocate here never look back.
6. Life Quality
It is understandable that rental prices during the summer are almost always out of reach, particularly in August, given that residents of all other areas of Cyprus dream of spending their summers in Famagusta. If you are fortunate enough to purchase a home in this area, you could benefit from the once-in-a-lifetime experience that draws tourists to Famagusta all year long.
Famagusta truly has all the amenities needed within walking distance, allowing for a more convenient lifestyle without the needless commotion of a big city.
While maintaining all of the conveniences of modern cities, the rhythms are slower, giving you a quick sense of relaxation and fresh air.
7. The Weather
In Famagusta, the sun shines for almost the entire year. This is true, and with so many beautiful beaches surrounding Famagusta, you wouldn’t want a rainy day to ruin the fun.
