Overview
The Cyprus Property Market
Cyprus is one of the more popular real estate markets in the world. Activity in the real estate market in Cyprus is brisk, including foreign nationals who buy and sell real estate Non-Cypriots have been involved in all areas of the real estate market. Foreign nationals have been found to invest in commercial, investment and residential real estate in all areas of the country.
Most industry experts maintain that the real estate market in Cyprus should continue to do a brisk business well into the coming decade. With the entry of Cyprus into the European Union, more and more foreign nationals from EU member states likely will become involved in the Cypriot real estate market.
There are no prohibitions on foreign nationals purchasing real estate in Cyprus. However, and as will be discussed in greater detail shortly, a foreign national must obtain prior permission from a Cypriot governmental agency in advance of making the purchase of real estate in that country. Generally speaking, this approval is relatively easy to obtain -- although the process of obtaining the permission can be rather time consuming
Investment Property in Cyprus
One of the primary areas that foreign nationals have become involved when it comes to real estate investment in Cyprus is in the resort and vacation property arena. Cyprus remains a very popular destination for people on holiday. As a result, foreign nationals have taken to buying apartments, single family residences and hotel properties which in turn are utilized by men and women on holiday.
Over the course of the past decade, a number of foreign nationals have profited dearly through investments in real estate used for vacation or holiday purposes in Cyprus. Indeed, because this type of venture has proven so profitable for some foreign nationals, these men and women have taken to purchasing and investing in multiple property holdings in Cyprus. Again, and has been noted, this is particular true in the area of investment in properties that are intended to be used for vacation or holiday purposes.
Residential Real Estate in Cyprus - Single Family Properties
A significant number of foreign nationals have established second homes and vacation residences in Cyprus over the course of the past thirty years. The trend towards purchasing second residences and holiday homes in Cyprus continues on to this day.
One of the more recent occurrences in regard to holiday or vacation homes in Cyprus involves the creation of significant developments that are designed exclusively for people who want gracious residences on Cyprus. These developments in many instances are taking the form of gated communities for the security conscious foreign national who wants to idle away part of the year in Cyprus.
In addition, some foreign nationals have determined the benefit of purchasing older residences in the country and embarking on improvement and remodeling campaigns to bring them up to date. In some instances, these men and women are rehabbing properties and putting them back on the market -- making nice profits in the process.
Residential Real Estate in Cyprus - Apartments
The Cypriot apartment market is bustling in the 21st century. With Cyprus movement into the EU, a significant number of foreign nationals from other EU nations are finding themselves in the country with some degree of regularity. In this regard, many of these business men and women have turned to spending a significant amount of time in Cyprus each and every year. Rather than hole up in a hotel, these men and women have taken to purchasing apartments in Cyprus.
Some of these business minded people have gone so far as to rent or lease out their apartment properties when they are not in the country on business -- making their apartments an income generating enterprise.
In some resort communities, men and women from foreign countries have purchased apartments for vacation and holiday purposes. There is a wide range of different types of apartments of available for sale in resort areas in Cyprus.
Holiday Property in Cyprus
As referenced previously, vacation real estate sales in Cyprus is brisk business in the 21st century. One area in which foreign nationals have been active in the market is the purchase and ownership of single family, free standing residences on the island. These types of residences generally do come with some fairly hefty price tags.
In addition to larger residences that are being purchased with regularity by foreign nationals, many foreign nationals have taken to purchasing holiday apartments in the country. In some instances, these foreign nationals have turned these types of property into something of a lucrative investment. For example, when they are not in residence in Cyprus, these men and woman are turning around and leasing out these holiday residences to other individuals -- including many foreign nationals -- who then use these residences for their own holiday purposes
Specific steps to buying real estate property in Cyprus
The initial step that a foreign national must take before he or she can purchase real estate in Cyprus is obtaining approval from the government. Specifically, a foreign national must require permission to purchase real estate in the country from the Council of Ministers. A would-be purchaser of real estate in Cyprus needs to keep in mind that the process of obtaining approval from the Council of Ministers can take from between eight to fourteen months. A would-be purchaser also needs to appreciate that if he or she makes the purchase of real estate without the prior approval of the Council of Ministers, a title deed will not be able to issue transferring ownership of the real estate to the foreign national.
While the process of obtaining permission from the Council of Ministers is not a matter of overnight approval, the process itself is not difficult. The Council has taken steps to make the process as easy as possible for a foreign national seeking to purchase real estate in Cyprus. Time consuming in some ways, the application and approval process is not difficult to maneuver through.
Once approval is obtained from the Council of Ministers, the next step in buying real estate in the country -- once a piece of real estate has been identified for purchase -- is signing of the preliminary contract. At the time this agreement is executed, a holding deposit is posted with either a lawyer or a notary.
When the holding deposit is paid, a companion reservation deposit agreement also is executed. In point of fact, it is the deposit and this secondary agreement. The property is then taking off the market and remains in that position for the time spelled out in these agreements. Provided that the terms of the preliminary agreement are satisfied, the property will not return to the marketplace.
The deposit that is lodged in Cyprus normally is as low as 1%. The parties can negotiate a particular deposit amount -- but, in most instances, the standard deposit is in the amount of 1% of the overall purchase price of the real estate that is being sold. The remaining balance due and owing on the overall purchase price will then be due and owing at the time of the execution of the final contract, which will be discussed shortly.
During the period of time that follows the execution of the initial, preliminary agreement, the lawyer who has been appointed to oversee the transaction will investigate the status of the title the real estate through the District Land Registry Office.
Following this period of investigation into the status of the title, and provided that the buyer has obtained appropriate financing, the parties move onward to the execution of a final contract. It is at this juncture that the closing of the real estate transaction in Cyprus becomes rather complex when contrasted with what occurs in many other countries around the world.
When the final contract is signed by the parties, the contract itself is filed with the Land Registry Office to prevent the same piece of real estate from being sold a second time. An application is then made to the Central Bank of Cyprus to approve the transfer of funds for the purchase of the real estate. (This approval is not necessary if both the seller and buyer happen to be foreign nationals. However, it is required if at least one party to the transaction is a Cypriot.)
The title will be transferred to the buyer at this juncture and the buyer will be entitled to possession the real estate. It is important to note that if the real estate is newly developed, the title itself will not issue for upwards to three years after the signing of the final contract. With that said, the buyer is protected because of the filing of the final contract with the District Land Registry Office.
There will be some different taxes due and owing -- and paid by the purchaser -- after the signing of the final contract. However, these taxes are not particularly costly or significant.
Property Abroad always recommends using a Solicitor or Lawyer
http://www.property-abroad.com/cyprus Visit Property Abroads website for further details on property for sale, guides and general information on the Cypriot Property market supplied by the author Les Calvert.
¶ 11:42 PM 0 comments
The most natural way to increase libido is to use ancient methods. I dont mean to go into bawdyhouse, but heres the Horny Goat Weed, a three thousand year old marvelous plant, which restores the men sexual strength and power. In ancient China many medical writings were published about its efficiency but Epimedium has the same qualities even today.
-Believe it or not the horny goat weed was useful whispered my girlfriend shiny. She had a problem with her sexual performance since months. Horney Goat Weed is sold on the Internet, in herbal and esoteric stores in many forms: leaves, powder or capsules, pure or in combination with other aphrodisiacs. Epimedium increases vitality, stimulates brain cells and has an overall beneficial impression on human body.
Since thousand years Horney Goat Weed is well known for its positive effects, this mysterious plant was recommended by Chinese physicians for male sexual enhancement.
Unlike prescription drugs for erectile dysfunction the Horney Goat Weed isnt a chemical, it makes the human organism stronger and not weakens it. So if somebody takes it regurarily he shouldnt be afraid for its side effects, or that it will cause dependency.
Chinese scientist successfully used Horny Goat Weed for bronchitis treatment, and in curing fertility problems. The positive effects are caused by polysaccharides, the antiviral and antimicrobial compounds of Horney Goat Weed.
Horny Goat Weed s curing effects on lounge and circulatory problems are still researched, also the property of Horny Goat Weed increasing muscular volume.
Epimedium its an endemic plant in all Far East countries forests, not only in China but also in Korea, Japan and Vietnam. Recently in these countries Horney Goat Weed is artificially cultivated.
The mystery of Horny Goat Weed is still studied by scientists however everybody agrees that Epimedium has no harmful influence only positive impact on human health. Its especially effective in curing male impotence but increases female libido too. There are many reasons for men to switch the popular blue pills to the time tested and natural Horny Goat Weed.
If women will start to use Horney Goat Weed too, at least they wont forget the purpose of the bed other than sleeping.
Alex Pentorf invites you to find out more about epimedium and provigrax, a formula based on horney goat weed on his associated websites.
¶ 5:49 PM 0 comments
Every day, new and exciting ways of making money are emerging on the internet. Many create opportunities for you and I that didn't exist even a few years ago. With a bit of creativity and entrepreneurial enthusiasm, you can create many additional revenue streams to maximise the profit from your content website.
One of the most exciting developments is the creation of products on demand. You no longer have to hold rooms full of stock if you decide to publish your own book or create a CD, or design a range of branded merchandise. There are now many online businesses that will produce and distribute products on demand. The orders automatically go from your website to their production facilities. They print the book or brand a t-shirt or burn a CD, then pack and post it to your customer. No stock. No hassle.
So, which are the best companies to help you create money on demand?
Publish Your Own Book
Lulu.com www.lulu.com
Lulu is a revolutionary website that should be keeping every book publisher awake at night. The site allows you to register and upload your book's script for free. When somebody orders your book, they print off a copy, professionally bind it and post it to your customer.
You maintain total control over the copyright, layout and pricing.
Lulu charges a fixed amount for the book, so you can decide how much you charge and, consequently, how much profit you want to make. For a small extra fee, Lulu will provide your book with an ISBN number and submit it to the major online bookstores, including Amazon and BarnesAndNoble.com.
Everyone can be an author and all specialist information publishers should consider this service.
Lulu has printing centres in the UK and the US.
Burn Your Own CD or DVD
CustomCD www.customCD.us
There are many opportunities for content website owners to create and sell CDs and DVDs to their followers. Many people place a premium on receiving a physical disc rather than simply downloading digital versions from an internet site.
Musicians can create their own albums
Specialists can create their own "How to Videos", for example:
o "Learn Photoshop in a Day"
o "How to Design, Build and Launch Your Own Website"
o "How to Build a Perfect Garden Pond"
Photographers can sell photo libraries of stock photos
Software developers can sell software applications they have developed
CustomCD will burn your CD, print your design on the disc and dispatch it to your client. They have production and dispatch facilities in the US and Germany.
Create Your Own Branded Merchandise
CafePress www.cafepress.com
Zazzle www.zazzle.com
Spreadshirt www.spreadshirt.net (Europe)
You can now create your own designs and have them transferred onto a wide range of products, including:
T-Shirts
Hats
Bags
Mugs
Posters
Buttons/Badges
Stickers
Mouse pads
Companies with a funky and popular logo can turn it into a revenue stream. Photographers can find many new ways to monetise their photos. Artists and graphic designers can quickly launch an exciting product range. The opportunities are endless.
Cafepress is the granddaddy of this sector. They have over two million members, eight million products and add more than 14,000 designs every day. Zazzle is the young pretender rapidly coming up fast on the inside. Both are based in the US, and have plans to expand into Europe. SpreadShirt.net is a company based on Germany that services Europe. They specialise in printing shirts with your designs.
Reactee www.reactee.com
Reactee is an interesting variation on the T-shirt theme. They print slogan shirts with an SMS number on it. People who see the T-shirt can send an SMS message that will reach the wearer or the company. This opens up all sorts of marketing and promotion opportunities.
Turn Your Photos into Products
Qoop www.qoop.com
Albumfactory www.albumfactory.co.uk (UK)
If you are a photographer, there are some companies that specialise in turning photos into great products that you can sell via your site. The products you can create include:
Large canvas prints on a professional wooden frame
Photoprints
Photobooks
Posters
Puzzles
Mousemats
Podcast for Profit
Audible www.audible.com / www.audible.co.uk
Many podcasts are free, but some publishers have such interesting, specialist or exclusive content that they are able to sell their audio downloads. Audible is the largest site in the world, with over 30,000 audio books and podcasts covering a wide range of subjects.
Sell Your Photos or Videos to the Press
Scoopt - www.scoopt.com (UK)
If you have a photo or video that you think is newsworthy, then why not sell it to the press? Scoopt has been established to act as an intermediary to allow photographers, freelancers and chancers to quickly reach the right people across the relevant news sources. In their own words: "we bridge the gap between amateur photographer and picture desk, and by amateur' we mean anybody with a digital camera or a camera phone who just happens to be in the right place at the right time".
Machine Parts! What Will They Think of Next?
eMachineParts www.emachineparts.com
This takes ordering stuff on demand to the next level. eMachineParts allow you to download their simple 3D design software. You can then design a product or part of a product and have it professionally machined and sent to you.
I'm not exactly sure what you would create using this service, but I know with a bit of imagination, some of you will use it-maybe to create unique jewellery, paper weights, sculpture, or plaques, to name just a few ideas off the top of my head.
Last Thought: Don't Limit Your Sales to Your Own Website
If you create a great product, don't restrict selling just via your website. There are many other channels you can use. Here are a few of the most important.
Amazon www.amazon.com / www.amazon.co.uk (Click on Sell Your Stuff')
Ebay www.ebay.com / www.ebay.co.uk
Create a shop or sell your books or products for a fixed price or via an auction.
ClickBank www.clickbank.com
Clickbank specialises in promoting and selling ebooks via a huge network of affiliate merchants.
Boundlessgallery www.boundlessgallery.com
A wonderful art gallery where you can sell your art, photos, sculptures, etc.
Second Life www.secondlife.com
For the really adventurous and entrepreneurial amongst you, set up your own store in the exploding world of Second Life.
Conclusion
I hope that these ideas have whet your appetite. Good, content-driven websites have a huge opportunity to earn revenue from multiple streams. Traditionally, income has come from advertising, affiliate marketing and subscriptions, but now there are many new and exciting ways of creating and selling products without the old-world costs of production, stock and distribution. Get creative. Get wealthy!
SubHub provides an all-in-one solution to enable you to rapidly design, build and run your own content website. Publish for profit on the web.
Website: http://www.subhub.com
SubHub Articles Feed: http://feeds.feedburner.com/SubhubStartASubscriptionOrMembershipWebsite-OnlineMagazineOnlineJournalOnlineNewsletter?format=xml
¶ 10:48 AM 0 comments
Having founded a Multi-County Entrepreneurial group with several hundred members, I would like to share several tips for success that may help you in your efforts!
Success Tip #1 - Have the right intentions.
A powerfully true statement by Ron LeGrand and several other gurus is one I stand by when operating and building my organization. Get others what they want and you will get what you want. If you focus on the needs of the masses, you will do well within your business pursuits. People always want more education and a place where they can freely network. Always, always, always be willing to help people regardless of who they are or how busy you think you are. You never know when or where a great contact will come across your path, so even if you cannot answer someones question or need, help find someone who can. This minor tip has led me to some major relationships. This tip alone could make for a successful club!
Success Tip #2 Its all in the name.
You must decide upon the proper name for your club. Our club covers a lot of real estate investor related topics. However, business owners, entrepreneurs and community friends that may not be in real estate are more than welcome to enjoy the networking and educational portions of our meetings. IF you wish to network with a variety of individuals and do not want any confusion when marketing your club as to who is welcome, you may want to consider choosing your group name carefully. You could be turning away great, new members by a mere name choice.
Success Tip #3 Focus on educating, not selling and time will be on your side.
Be mindful of your audience with their time at your meeting. Chances are, your members are grateful to have a local group where they can meet other like-minded individuals and learn new information. Do not schedule 52 sales speakers to kick off the first 2 hours of the meeting before your main speaker is even introduced. It is an insult to your audience, as well as your main speaker. I have seen this one too many times where 1/3 of the audience has departed by the time the main speaker is introduced. The main speaker may have valuable information to share and the constant sales speakers have chased the once grateful members out of the room and out of your organization.
Success Tip #4 Mix it up!
Have a good mix of topics and speakers. Screen your speakers before you have them speak to your members. Do not schedule speakers that hard sell the crowd and do not provide education. If your guest speak is selling his/her product, you want to ensure those people who did not make a purchase still received beneficial information from attending your meeting.
Success Tip #5 Let your sponsor do the selling.
For an additional income, always have a meeting sponsor. This allows standard meeting expenses to be covered, i.e. food, drinks, venue. A meeting sponsor is an individual or company who pays a set rate to represent one meeting. In exchange, the sponsor is typically allotted 15 minutes to introduce their product to your audience. Unlike the main speaker, the meeting sponsor focuses on selling their product to your members. Remember (See Success Tip #3), do not follow the sponsor with back-to-back sales speakers because your members will take note of this (See Success Tip #1).
Success Tip #6 Make multiple sales products an OPTION.
Ive mentioned the importance of not forcing members out of the room with sales speaker after sales speaker. However, there is a solution to this problem and Ive witnessed it! Allow vendor booths and tables. This is a great way to bring in an additional income and one that most business networking groups utilize. This allows individuals and companies to display their products for a minimal charge. This also allows the group members to choose who they wish to speak to, and which products they have interest learning more about. Allowing your members a choice does not place pressure and often annoyance amongst your members. Remember, although you may have started the organization, this is their club!
Success Tip #7 Taboo businesses equal a lack of knowledge.
One of the most powerful ways to generate income from vendor booths and tables is the sometimes referred to taboo business, Network Marketing! As the founder of an organization, it is your responsibility to research reputable and worthwhile network marketing companies. However, once you have examined the networking marketing business venture, this can be one of the most successful aspects of your club when implemented properly. If your organization is part of a network marketing business, select a volunteer from your group (who is also a member of the same network marketing company) to stand behind a vendor table and speak with other members interested in becoming involved in your network marketing company. What could be better than your club having its very own source of residual income?
Success Tip #8 Thoughts become things.
Most of us have heard the saying, Everything begins in thought. If you have thought about putting together an educational and networking organization, what is stopping you? The answer is simple; nothing. You simply need to take your plan and put it into action. If youre thinking about beginning a club, youve already begun the most important part! You love building relationships and you know your group would be a huge success. Having a club or group is sometimes easier to market and promote than your full time business. I have been interviewed twice by a local television station in Southwest Florida for our entrepreneur club. It was easier to get this sort of publicity by promoting the club versus my real estate or advertising business.
Success Tip #9 Last (but not least), have fun!
Clubs are a great way to meet people, learn new things, help promote local experts and make a side income. By following the above tips, I hope you have a good basis for starting a fantastic club!
Ray Higdon is founder of the Forever Wealth Club, http://www.ForeverWealthClub.com
Ray is open to working with individuals around the United States looking to setup Wealth Clubs in their perspective cities. For more information, please contact Ray Higdon at ForeverWealthClub@Gmail.com or call 239-560-4139
¶ 5:01 AM 0 comments
