Regular flights from all UK airports to Cyprus makes this an ideal place for property investment as you can just hop on a plane and be there in no time at all. You won't be surprised to hear that Cyprus offers the same mod cons that you would have in your own home and best of all is that you can keep up with all your favourite tv programmes on Sky TV.

If you buy in Cyprus you are not just getting a great property investment, but also the chance for free holidays and the chance to earn some real profitable rental income. The long season means you get enough income to cover the mortgage and other property running costs with net profits being shown at the end of the year.

Loans and Mortgages - Local Banks in Cyprus are very open to giving mortgages to foreign investors so it is probably the best option for buying property there. One tip if buying a new build would be to choose the same bank that is financing the new development project.

If you don't decide on the same bank then you will have to pay an extra bank guarantee fee on a yearly basis up until the final title deeds are signed. The payment is based on the property value and can be between 1.5% to 1.8% of the property value.

Legal Procedures When Buying Property - The legal system in Cyprus is based primarily on the British system and safeguards the buyers' rights in many ways. For the buyers' protection, once the sales contract has been signed and a deposit paid, the Land Registry in Cyprus provides a simple and effective legal instrument called the 'Specific Performance'.

By this legal method alone the purchaser's rights of ownership are completely protected to the day the deeds are finally signed by the purchasing party. This contract cannot be canceled by any competent party, so it can't be sold, leased, mortgaged or transferred.

When deciding on purchasing a new build villa in Cyprus, you will need to get important advice from an English speaking Solicitor. Just check that they are not involved in any way with the building project that you are interested in and you can expect to pay them fees totaling about 1% of the property value.