Cyprus

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%. Nearly all conditions that are necessary to ensure optimum property investment are present in Cyprus. With 340 days of sunshine on average, plus some of the best golf courses in Europe and a very low cost of living, tourism is growing at a rapid rate and the political climate has been very stable for many many years now.

Depending on your country of residence Cyprus can also offer very attractive tax incentives as regards property, land and real estate. To begin with Cyprus boasts a comparatively low tax rate, including a Double Tax Treaty with southern Cyprus and the UK are attractions for investors. Capital Gains Tax is at only 20% and Corporation Tax for Cypriot limited companies (through which you can own your property) stand at only 10%. Foreign residents permanently residing in Cyprus pay only a 5% flat rate of income tax.

At present we are investigating several proposed developments in Cyprus and upon the conclusion of our due diligence we feel confident that we will be able to offer our clients a selection of choice opportunities in the country.