| Bahamas | Brazil | |
| Bulgaria | Cape Verde | |
| Cyprus | Dominican Republic | |
| Egypt | France | |
| Germany | Italy | |
| Morocco | Panama | |
| Portugal | Romania | |
| Spain | Turkey | |
| United Kingdom | United States |
Select a City in Cyprus
| Famagusta | Larnaca | Limassol | |
| Paphos |
Why invest in Cyprus:
Imagine a breathtakingly beautiful yet rugged coastline, clears water gently lapping at the shore, secret coves and 340 days of brilliant sunshine. A place where luxury holiday resorts jostle for space among ancient ruins dating back thousands of years and where there is some kind of celebration almost every week. Welcome to Cyprus.
It’s relatively untouched landscape is ideal for the redevelopment of properties. Furthermore, the property market in the country is still in its infancy - and thus offers very cheap prices for both buyers of houses and of land prime for development.
The property market is one of the fastest growing in European Union. Prices are increasing by an annual average of 20%. And prices are still far lower than in many other European countries.
Cyprus property is especially interesting to UK property investors, looking for a good, safe return on investment from their property purchase. The property market in Cyprus is currently very strong and an imminent boom in the market is now strongly predicted.
In addition, a new international airport, a marina and many new developments are all planned for completion in 2008. A wide range of new facilities are planned for Cyprus, including, in southern Cyprus, a brand new hospital, a university, an international business centre, as well as a large leisure and cultural centre. What’s more, the government has also launched a new golf policy which will increase the number of 18-hole golf courses on the island from 3 to 14. These factors, along with continued property development all over the island, indicate significant economic growth, which can only be encouraging signs of growth to foreign investors.
- Cyprus has a high standard of living, with a low crime rate, excellent medical facilities, education and offshore business advantages all for a low cost, with friendly people.
- Since its joining of the EU in 2004, Cyprus has enjoyed capital growth of 30-40%.
- Property prices up to 30% lower than in France or Spain.
- Low deposit levels (10-15% in some areas).
- British based legal system, where English speaking lawyers abound.
- British based banking system, making choosing mortgages and managing your money similar to back home.
- Adoption of the Euro in 2008. Very efficient land registry with straightforward and well administered procedures.
- Tourism is predicted to grow by 4.6% over the next 10 years, contributing some 13.9% to the country´s GDP by 2014
- Double taxation treaty with the UK.
- Capital Gains Tax 20% and Corporation Tax for Cypriot limited companies (through which you can own your property) at only 10%.
- UK pensions can be received tax free in Cyprus.
- Foreign residents permanently residing in Cyprus pay only a 5% flat rate of income tax.
