Cyprus
Cyprus is a well-established destination for property investors and holidaymakers alike. With stunning coastlines, unspoilt beaches and a lively culture it is not surprising that over 70,000 British investors have bought a home in Cyprus.
The property market in Cyprus has developed well since entering the EU in 2004. Property prices also offer good value for money, between 20-50% lower than equivalent European property investment destinations.
The island benefits from two international airports, Paphos in the west and Larnaca in the east. Average flight time from the UK is 4-5 hours.
Why purchase a property in Cyprus?
As a member of the European Union, the country offers a safe and secure place to live
Cosmopolitan business and holiday destination
Excellent banking and other financial services
Exceptional tax benefits available for investors
High standard of living with relatively low costs
- Multilingual culture with a modern infrastructure
- Private elementary and secondary schools for English, French, Russian and Italian speaking pupils
Useful Facts about Cyprus
Capital City: Nicosia
Area: 9,250 sq km
Population: 780,133
Time Zone: GMT +2 hours
Currency: Euro (From January 2008)
Cyprus is the third largest island in the Mediterranean and is situated in the north-eastern end of the Mediterranean basin
The island has one of the healthiest climates in the world with a pollution free atmosphere and plenty of sunshine
Cyprus has a very high standard of health and medical services. Hospitals, private clinics and medical centres are equipped with the latest facilities
Plans are in place for 11 new golf courses and four marinas to be developed over the next five years