This Mediterranean island with its subtropical climate, beautiful beaches, vineyards and pine-clad mountains is fast becoming one of Europe’s best kept secrets. Added to this, tax and crime rates are low and virtually everyone speaks English.
If you’re looking for an unhurried pace of life, Cyprus will oblige. Compared to the rush and busyness of its Northern European neighbours, this is one where things run slowly. You can enjoy an excellent quality of life here with a great choice of properties for sale - from traditional stone houses to chic modern villas and apartments.
Located at the crossroads of Africa, Asia and Europe, Cyprus’ resilient high-income economy, strategic location and vibrant tourism industry makes it the ideal destination to explore business opportunities. The government welcomes Foreign Direct Investment from EU and non-EU nationals and its corporate tax (12.5%) is the lowest in the EU.
In addition to this, the country recently achieved the 3rd highest GDP growth in the EU, with a projected growth rate this year at 1.6%. The exploitation of significant oil and natural gas reserves and plans to build an onshore terminal, while utilising some of its natural gas for domestic purposes suggest Cyprus’ economy is set to grow apace.
Ranked the 5th safest country and boasting Europe’s lowest crime rate, it is little wonder villas in Cyprus are in demand. Added incentives are the opportunity to apply for citizenship or Permanent Residency (if you buy a home worth 5 million euros), reduced transfer fees, VAT reduction, Capital Gains Tax incentive and the double-taxation agreement with the UK.
Commercial prospects aside, this spectacular, culturally diverse country has plenty of leisure activities, blue-flag beaches and some of the world’s most amazing natural wonders. The sunny climate encourages an outdoor lifestyle. For history buffs, you can trek to impressive ancient ruins and Christian Orthodox monasteries thousands of years old.
The championship golf resorts are the envy of other countries and for luxury homes within walking distance of the rolling fairways, look no further than the prestigious Cyprus villas in Aphrodite Hills. Watersports, especially surfing are very popular and there’s no better place to listen to the sound of waves than on the terraces of the exceptional private homes in Venus Rock.
Investing in Cyprus real estate this year is a wise move as the government incentives apply until the end of December 2016 and with the demand for properties like the Cyprus apartments for sale in Central Park Residences and Pearl Park Residences we recommend arranging viewings as soon as possible
For further insight into Cyprus’ economy, read our comprehensive guide or contact us directly. We would be glad to share the latest information on current trends, market forecasts and to discuss investment opportunities. Our illustrated portfolio of new developments is also worth a look if you’re contemplating a move here with your family.
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