There are many reasons why property in Cyprus is seen as such a stable investment by so many overseas property buyers. Property in Cyprus is seen as a safe investment because the Cyprus property market is growing at a stable rate and property prices remain competitive compared with other EU locations.
Cyprus has long been a favourite tourist and retirement destination. With the recent growth in the tourist industry due to increased facilities and an improved infrastructure, Cyprus is quickly taking on a new identity as a very sensible investment option within one of the fastest growing property markets in Europe. While the tourist industry in Cyprus is gaining momentum, Buy-to-Let investment in Cyprus is viable due to the increase in demand for rental property.
Cyprus property, is an investment that people around the world are starting to take more seriously. Cyprus , having low taxation, low cost, high standard of living, and excellent year round climate is a promising place to invest. If you are in the market for a property, such as a Town House-Maisonette or an Apartment or even a villa, in the blazing Mediterranean sun, you will be impressed by the properties we have to offer.
We believe that Cyprus offers advantages that other destinations cannot offer, making it one of the best areas in the world to buy a villa, apartment or investment property. The benefits include:
- Buying property in a country which has just gained EU membership
- Cyprus has a strong and stable currency
- Properties for sale in Cyprus can be rented out easily
- There is a well developed and growing tourist industry
- Cyprus has a healthy stable property market
- Flights are readily available from the UK and Ireland
Since it joined the European Union in 2004, Cyprus has become something of a tax haven for new residents. UK citizens who choose to settle in Cyprus can cut up to 70% off their income tax bill and, thanks to a much lower cost of living than many other European countries, enjoy a much higher standard of living.
Cyprus has Double Taxation treaties with many countries, including Great Britain, which protect you from paying tax in both nations. The banking system has become much more liberal, making it easier to move funds in and out of the country, and international banks are beginning to move in giving residents much greater choice.
What's more, interest on foreign money deposited in Cypriot banks by non-residents is completely tax-free.
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