Blog – Dream Holiday Home

June 20, 2021 Jana Krivenko No Comments Cyprus

6 Powerful reasons to invest in a DHH property

1. We select only the very best locations. Most properties are in elevated positions with sea views, and every property has been designed to blend with its surroundings.

2. We select properties where people want to live. Whatever your lifestyle may be, business – close enough down-town or the new energy hubs, but also secluded enough to be private. And they are very safe and secure. Alternatively, for more laid back lifestyle we can find luxury villas in the finest locations across Cyprus.

3. Dream Holiday Home works with best reputable property developers. New property is built to the highest standards and conform to all Cyprus and EU building codes.

4. Architect designed for maximum efficiency and comfort. Commissioned by leading architects to design buildings that work. Living spaces are cleverly arranged so that everything is convenient, but there is a wonderful feeling of light and airiness.

5. We know why you are here. You are here to enjoy the Mediterranean lifestyle. So in every home you will find subtle touches that emphasis and reinforce the feeling of being on a sun-kissed island, enjoying life.

6. Dream Holiday Home has an excellent reputation for delivering property title deeds quickly and efficiently. That’s another reason why so many clients say we are the best in the market. With complimentary property inspection tours, you get to travel to Cyprus to view your dream holiday home before you make any commitments.

March 31, 2021 Jana Krivenko No Comments Cyprus

The Economy of the Republic of Northern Cyprus

The economy of Northern Cyprus (the Turkish Republic of Northern Cyprus—TRNC) is dominated by the services sector (69% of GDP in 2007), which includes the public sector, trade, tourism and education.

Industry (light manufacturing) contributes 22% of GDP and agriculture 9%. The economy operates on a free-market basis, with a significant portion of administration costs funded by Turkey. The TRNC uses the Turkish Lira as its currency, which links its economic situation to the Turkish economy.

Despite its small size, North Cyprus economy is experiencing higher growth rates. North Cyprus applies a free market economy approach. Per capital income is around 15 thousand USA Dollars. The population number is around three hundred thousand. Since North Cyprus is island, service sector is dominant in the economy.

Tourism is one of the leading growth sectors in Northern Cyprus and the authorities and NGOs are placing a high degree of priority. North Cyprus has also boutique hotels, traditional village houses and guest houses which offer special and unique choices for tourists. Tourist accommodation facilities offer different alternatives which cover the expectations of holidaymakers from all levels and business travelers as well. Both luxury hotels with five stars and less, holiday villages, touristic bungalows, boutique hotels and eco-tourism hotels provide you with different options. The rich gastronomy, conventions and seminar halls, swimming pools, aqua park, green spaces integrated with the environment, recreational and entertainment activities, games of chance, facilities which were designed for your comfort have all kinds of opportunity for a relaxed holiday and convenient business visits as well.

Currently, there are 24 commercial banks plus a Development Bank operating in Northern Cyprus. The number of branches with the origin of Turkey is 7 and the total deposit is around $6.5 billion as of 2009 . International companies such as HSBC, ING, Garanti Bank, TEB, Isbank, Ziraat, Halk Bank, Groupoma, AXA and many others are ready to provide banking and insurance services for your investments.

Higher Education Sector (Universities) are one of the main service sectors for North Cyprus. Currently Six universities are attracting students from different countries. Currently the number of foreign students are around fourty thousand from more than seventy countries.

24 commercial banks are operating in North Cyprus. International companies such as HSBC, ING, Garanti Bank, TEB, Isbank, Ziraat, Halk Bank, Groupoma, AXA and many others are providing banking and insurance services.

Also, North Cyprus is very attractive destination to the retired foreign citizens that some of them prefer to buy retirement homes, villas from North Cyprus.

March 31, 2021 Jana Krivenko No Comments Turkey

The top 5 advantages of investing in overseas property

For an Irish citizen, investing overseas is a foreign concept (pardon the pun). For many the idea is tossed in the ‘too-hard-basket’ or dismissed as a viable opportunity due to widespread misinformation and outdated beliefs. But what if we told you there are so many greater benefits to overseas investment that you never thought possible and that you might be missing out on!

Knowledge is power, so we’ve put together this list of what we believe to be the Top 5 Advantages of Investing in Overseas Property to break down those outdated beliefs and help you make a more informed decision when looking at your next investment property.

1. Lower entrance point
When buying a property overseas you can potentially save thousands of euros by taking advantage of lower upfront costs and more lenient eligibility criteria to qualify for a loan. Particularly for younger investors, looking to buy property overseas can provide a giant leg-up when starting their portfolio as they will require less of a deposit and less income.

2. Affordability
Most folks don’t even bother looking at overseas property prices to compare value because let’s be honest here, it is challenging. Theres a language barrier, the debacle of currency conversion and how will you research the local area? We get it. So you might be shocked to learn that many overseas properties are priced considerably lower than the sky-high Australian market we are used to. There are many cheap properties that young investors or less risk-averse investors can take advantage of and get far more bang for their buck.

3. Higher rental return and strong capital growth
The average rental return on an overseas property is around 10% and can be up to 17%. Most properties are cash flow positive and have a stable rental return with higher capital growth. Finding these two factors can be a challenge locally with the current market.

4. Diversification
Buying a property overseas could help you build an international portfolio. Having properties abroad can help you minimize investment risk, especially if you do your research well and you partner with a good property management company. You can also save on tax because these locations have different tax brackets and you might fall into a smaller income bracket in other countries.

5. Excuse for a holiday
Investing overseas makes holidays that much easier when you can just stay in your own property. Feeling in need of a European holiday? No problem, schedule a getaway to your very own holiday home.

The team at Dream Holiday Home are experts in international property investment and have done all the hard work in finding the perfect investment opportunity so that you don’t have to. With years of international market research and first-hand travel knowledge our consultants are the reliable choice for first time investors or buyers wanting to get that extra edge with an international property.