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Why buy property in Cyprus ?
Cyprus is a solid investment for all types of investor, from large corporations to the individual investor. Some excellent Buy-to-Let opportunities are currently available within the well established and ever increasing tourist industry in Cyprus.
Furthermore, the climate and lifestyle perfectly suits many European expatriates who come here each year for holidays or to retire. With capital growth at an all time high at around 20% per annum, a careful Cyprus property investment can produce excellent returns.
Natural and Cultural Factors:
• All year round excellent weather - hot summers and mild winters with rainfall make it one of the healthiest climates in the world.
• Beautiful beaches and ancient monuments.
• Multi-culture with strong UK, Greek, Middle Eastern and Turkish influences.
• Good facilities and services for foreign expatriates who integrate easily into an English speaking community.
• Regular cheap direct access via low cost airlines from many UK airports with short flight times.
Economic Factors:
• One of the fastest growing property markets in Europe.
• Full EU member country.
• Property prices increasing at around 20% per annum.
• Booming holiday rental market with huge increase in tourism.
• Favorable tax regime of only 10% corporate tax and double taxation with 40 countries.
• Pension income taxed at only 5%.
• No inheritance tax on all estate worldwide property for permanent residents.
• Highly developed infrastructure, excellent telecommunications and transport.
• Very strong, growing tourist industry.
• Modern and efficient accounting and banking services.
• Legal system according to UK standards.
• Bilateral investment agreements with 16 countries.
• Properties in Cyprus significantly lower priced than competitive markets of Portugal, Spain and France.
• Economically stable.
• Low cost of living.
• Free market economy.
• Low legal fees
Cyprus has an established, well functioning property market where all sections of the industry operate efficiently. Investors are not expected to find any problems when buying or selling property or in getting financing, advice or any legal protection in Cyprus.
Investment property in Cyprus offers unrivalled security and investment potential to the property investor.
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