CYPRUS PROPERTIES IDEAL FOR RUSSIAN INVESTORS SAY CYPRUS LAWYERS
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Properties in Cyprus – Review – Russian Property Requirements – completed on 19th February 2010.
The global financial struggle has played a major part in Russia’s state of economy. House prices have decreased significantly and there is also a very negative Euro exchange rate for Russian Rubles.
However, after all is said and done Russians are still looking to invest in 2nd holiday homes and permanent homes.
The main priorities for the Russian Property Investors are travel requirements. They do not want long flights especially indirect flights. Russians also tend to like friendly environments and easy access in terms of relaxed visas.
Type of property is very important as Russian Property Investors do not like to buy off-plan and also do not like high rise apartments with ground floor as a preference to any other. They are also looking for commercial property as well as holiday and retirement homes.
Russian have anywhere between €50,000 – €1,000,000 ready to invest and prefer to pay cash rather than finance.
Cyprus Properties are on the top of the list for commercial and investment opportunities. We practice the same religion, and have Russian church and schools. The Cypriot Government has also relaxed the visa procedure allowing Russian nationals and Russian Investors easy access.
Cyprus and Russia share a friendly relationship and we are seeing a lot of interest from Russia, even so that we have dedicated part of our website for the Russian nationals.
Visit us at www.lawcyprus.org
PUBLISHED BY A&G KOUZALI LAW OFFICE ON 21ST FEBRUARY 2010..
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