Property in Polis - Latchi - Golden Land Developers - Cyprus Property

Cyprus real estate represents outstanding potential to foreign purchasers wishing to invest in a sought after overseas location. Find out here why the Cyprus property market is still so strong.

Main Reasons Why Cyprus is a Desirable Investment Location:

• The property market throughout Cyprus is one of the fastest growing in the European Union and prices in some areas are increasing by an annual average of 20%.
• Property prices are still lower than in many other European countries, particularly in the north.
• Cyprus has seen a sharp increase in the number of golf properties available, while golf property prices fetch up to 40% more.
• A comparatively low tax rate, including a Double Tax Treaty with southern Cyprus and the UK are attractions for investors.
• Capital Gains Tax of only 20% and Corporation Tax for Cypriot limited companies (through which you can own your property) stand at only 10%.
• You can easily receive your UK pension, tax free in Cyprus.
• Foreign residents permanently residing in Cyprus pay only a 5% flat rate of income tax.
• 340 days of sunshine a year make it a comfortable and enjoyable place to live.
• Cyprus enjoys a high standard of living, with good facilities, including top- class golf courses.
• A low cost of living often makes for an improved quality of life.
• There is a comparatively low crime rate in Cyprus and friendly people make it a desirable place to visit or live.
• Excellent medical facilities, education and offshore business advantages make it all the more attractive.
• Tourism is predicted to grow by 4.6% over the next 10 years, contributing some 13.9% to the country’s GDP by 2014. This is good news to property investors looking for a ready market.
• Cyprus has a British-based legal system, where English speaking lawyers abound.
• A British-based banking system in southern Cyprus, makes choosing mortgages and managing your money similar to “back home”.
• Predicted entry to the Euro in 2007 is a further vote of confidence.
• Northern Cyprus is set to join the EU when Turkey meets the EU requirements, including a settlement with Greek Southern Cyprus.
• A very efficient land registry with straightforward and well administered procedures makes property purchase a safe option.