Cyprus
Property For Sale
Welcome to Cyprus!
Cyprus Property For Sale.
Here you can find details of
Cyprus property developments
for sale in Cyprus, along with some information about the local area.
Cyprus Property Investment Opportunities, Cyprus Property prices in Cyprus
have seen significant growth over the last few years and it is
widely accepted that this trend is expected to continue into the future.
Entry into the EU this year (2004) has already resulted in a significant
economic uplift, as well as a higher demand for property from
both the existing and new EU member countries looking to invest in the
Cyprus property market.
There
are also a number of other important points to consider when investing
in Cyprus Property. Firstly, in order for Cyprus to adopt the Euro in 2007 it
will have to decrease interest rates to the European Central Bank
rate of 2%. This can only serve to strengthen the rising property
market.
As well as a significant demand for property in Cyprus from England,
there is also a fast growing demand from Central Europe, resulting in
demand far out-stripping the supply of property in Cyprus.
Cyprus is now classified as a tax efficient location with
numerous tax advantages including: Capital Gains Tax at 20%, Corporation
Tax at 10%. Pensions from abroad being subject to a flat 5% rate. There
is also double taxation treaty eliminating double taxation for
foreigners.
Extra
incentives for people investing in the island of Cyprus is the fact that the cost
of living is substantially lower than most European countries and there
is already significant investment in the infrastructure,
including new Golf Courses and Marinas.
Most importantly for the mid term investments is the inevitable future
reunification with the Turkish inhabited north of the island. This is
estimated to be worth 600 Million Euros in aid from the European Union.
This will lead to a huge increase in prosperity for the island and
everyone involved with it.
Cyprus, More
people are discovering Aphrodite's island every year and flights to
Cyprus are becoming evermore frequent. The island is served by
approximately 30 major airlines, linking it with the world
through its international airports at Larnaca and Paphos.
With the vast amount of positive feeling surrounding the island it
quickly becomes apparent that there has never been a better time to
visit.
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