Invest in Cyprus

Cyprus Investment Property

Cyprus property investors will find that Cyprus real estate consistently offers one of the best property investment opportunities in the Mediterranean. Those planning to buy in Cyprus will be interested in the Knight Frank Global House Price Index Q2 2008, which notes that Cyprus property prices are continuing to rise, thanks to a strong tourist market and second home demand. Whether it is a Cyprus apartment, a permanent home in Cyprus or off-plan construction in Cyprus.

Much of the prime land in Paphos is already built on or has strict build density regulations of a little as 6%! yes that one huge piece of land can only be 6% built on, making apartment's in many area's ie CORAL BAY not possible! These area's are seeing large villa's in excess of 1 million euro been purchased pushing surrounding area's up in value.

Buying a well priced apartment from a trusted and established local developer as near to the Paphos harbour and tourist area, will mean you own a piece of Cyprus that's in an area that will rise in value for decades to come. This area also offer's the highest rental yeild if your thinking of renting to holiday makers/workers.

Buying Property in Cyprus

The purchase of Cyprus properties involves a different purchase procedure from that in many countries, although it does share similarities with the UK. Foreigners will find that there are few restrictions on investing in property in Cyprus, especially as it is a member of the EU. A Cyprus mortgage may also be a consideration if you are thinking of investing in Cyprus and there is also Cyprus taxation to take into account. Read more information on the Cyprus property purchase process, along with Cyprus mortgages and tax.

Cyprus Investment & Country Guide

Cyprus is one of the Mediterranean’s favourite holiday destinations and the island sees increasing visitor figures every year. The island is also a prime retirement location among Europeans, particularly the British. Between them, tourists and retirees provide excellent, almost year-round rental and resale potential for property investment in Cyprus. With a temperate climate and the combination of coastal and mountain resorts, championship golf and skiing during the winter, Cyprus tourism is a perennial favourite, which inevitably has a knock-on effect for the Cyprus property market and those investing in Cyprus property

Cyprus Investment: Economy

Cyprus property investors should consider the country’s economic situation. Cyprus has a stable economy with healthy annual growth – annual GDP averages between 3% and 4%. Experts predict economic growth of 3.6% for 2008 and 2009, considerably above the expected eurozone average. Cyprus’ EU accession in 2004 and its adoption of the euro in 2008 have added to its attractiveness for foreign investment. Cyprus offers investors low corporation tax of 10%.

Cyprus Investment: Tourist Industry

Cyprus has been a popular holiday choice for years and Cyprus has a booming tourist industry. Visitor numbers increase annually with over half Cyprus’ tourists coming from the UK. Cyprus has strong historic and cultural links with the UK and British visitors are attracted to this familiarity. Tourism is vital to the Cyprus economy and the government’s Strategic Plan for Tourism 2010 aims to double tourist revenue and encourage more diverse tourism with high quality facilities, such as marinas and golf courses developments. All these factors add to the attractiveness of Cyprus land and property investment.