Property in Cyprus

Property in Cyprus continues to rise by about 15% per annum and has seen huge numbers of Brits investing, buying holiday homes and renting over the past 5 years.

The island's climate and taxation structure make retirement particularly attractive as does the low crime rate, large ex pat community and low property prices. Over the next 5 years there are a vast amount of infrastructure improvements planned in Cyprus with new highways, 4 new marinas, expanding airport and 10 new golf courses.

Furthermore, finance is extremely flexible with all sorts of mortgage packages making off plan investment very attractive, not least the low interest rates and variety of currencies one can borrow in.

Tourism continues to grow year on year with millions of British holiday makers visiting the island. Rental demand is consequently high and has been boosted by a preference for self catering villas with pools over the more traditional package or hotel deal, making a strong case for the 'fly to let' investor. Economically, Cyprus is in very good shape with a particular mention to the property market.

It enjoys a GDP well above the Eurozone's average, a young and dynamic work force, ideal geographical location for trading into Asia, Africa and Europe, very low corporate tax and a very positive policy on foreign direct investment.