Overseas property cyprus



Keywords: overseas property cyprus
Description: Investment Property in Cyprus, Illustrates why Cyprus investment property is one of the hottest locations currently available in the overseas property investment market today.

Investment property in Cyprus offers outstanding potential for both buy to let investors in the established South with the added potential for investors looking to make capital appreciations in the emerging market of the North.

Information on tax planning that will help make your investment in Cypriot property a successful one

A former British colony, Cyprus has long held attractions for British retirees and holiday makers alike. The warm climate, beautiful beaches, countryside and sedate lifestyle, as well as great tax benefits for older folk, make it an ideal choice.

A multitude of low cost carriers are playing their part in attracting tourists and investors in their droves and with routes from the UK to Cyprus starting at around GBP 90, it is easy to see why demand is so high for both holiday rentals and second homes in Cyprus.

A number of economic and natural factors combine to make Cyprus the ideal property investment location it is today.

  • An average 340 days of sunshine a year make Cyprus an agreeable place to visit or live and holiday in
  • Outdoor activities are abundant, including trekking, golf, sailing and diving, ideal for nature lovers and water sports enthusiasts
  • Beautiful golden sandy beaches and ancient monuments, eg. castles, walled cities, abbeys, Roman ruins, make Cyprus a great holiday location with varied appeal
  • Cyprus offers an interesting mix of cultures, with strong UK, Greek, Middle Eastern and Turkish influences. In addition, most of the local people speak English are welcoming and hospitable towards visitors.
  • Proximity to the European mainland means that Cyprus benefits from regular budget direct flights, making access to the island very easy.
  • Competitive prices and a low cost of living compared with other Mediterranean destinations make for an ideal investment climate
  • Typical growth rates of 20% per annum in carefully selected locations
  • EU inclusion since May 2004 means EU financial assistance and several other economic benefits
  • The Strategic Plan for Tourism is upgrading facilities and resorts in line with 21st century tourism trends. This is set to boost an already thriving tourism industry on the island
  • A successful and growing economy indicates strong potential for property investment growth in the future
  • A low tax regime makes investors’ money go even further, while pension income is taxed at only 5%

EU membership and the adoption of the Euro is spurring Cyprus still onwards. The International Monetary Fund and the European Commission endorse the Cyprus economy as a stable one in which to invest, and property prices in prime locations of the south east have risen by as much as 20% per annum over recent years. However, today in some areas of Cyprus there is now an oversupply of property, making it all the more imperative to carefully select your investment location prior to purchase.

According to Knight Frank’s more conservative growth figures, the average property price increase on the island was 12.5% which, combined with average annual rental yields of 4-6%, represents a solid, though not booming, potential market for todays’ mid to long term investors.

Southern Cyprus dominates the property market on the island as the north, with its political uncertainly, is still commonly regarded as too risky for many investors.






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5 SOTIRAKI MARKIDI STREET, UNIVERSAL, PAPHOS, 8048 CYPRUS ...