Overseas Guides Company are actually very good!

I have a one bedroom apartment in Agia Napa, in a quiet neighborhood but very close to the beach, pedestrian area, fine restaurants, etc. It is a resale apartment and so has full title deed available. I put this apartment up for rent on a rental site and was deluged with requests- I now have it rented for the entire summer and with this income have already paid my full yearly mortgage. I am willing to sell the apartment for 50,000 cyprus pounds since I need money to put my son through college. If you are interested I can send you pictures, floorplan, etc.

I would never invest in Cyprus. It is too risky.

The only thing that's guaranteed about "guaranteed rental income" is that it's never guaranteed!!

Invariably guaranteed rental returns are built into the price you're paying, so you're actually paying well over the odds but being made feel you're doing very well out of the deal.

Cheers,

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Nigel Howarth
Independent information for Cyprus property buyers
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I think it's much better to do your own research and buy your own resale, then rent it through a rental company. I bought my flat as a resale with free and clear title deeds in a building being upgraded and redecorated. Because it is in an older, established area of Agia Napa, it has mature landscaping and is close in to the center.
I pay a mortgage of just 150 cyprus pounds per month on my one bedroom, and could rent it for up to 200 or 250 per week, but am renting it for just 100 per week this summer because the pool is out of commission being re-tiled. I paid just over 100 pounds to a rental company online, and have now rented it through the end of September, fully paying off the mortgage for the year and the rental fee. This is of course not guaranteed rental- nothing is-but if you keep the mortgage payments down and buy the right place in the right location, you will be in a good position.

What do you need to do with this company ? Develop ? Buy ? Sell ?