Cyprus

Cyprus is one of the world's favourite holiday destinations with over three million people visiting the island of Aphrodite each year. Apartments in the Paphos area represents a good investment as a holiday home or a safe buy-to-let investment, when coupled with capital growth in property, in Paphos for the past year rising by a healthy 10 to 15%.

Properties in Paphos

Properties in Paphos represent excellent value for money holiday homes or investment opportunities. The growth in the property purchase and rental market in the Paphos area is exceptional, as this is one of the most popular destinations in Cyprus. Apartments close to facilities in Paphos are exceptionally popular with couples and families alike for holidays. Property in Paphos and surrounding villages is becoming increasingly popular with British people due to the developed infrastructure of Cyprus and its recent membership to the European Union;

Despite the property construction increase in and around Paphos, the area retains its character and the scenery of its surrounding s is breathtaking.

• One of the fastest growing economies in the region
• Strategic location - close to Europe, Asia, Africa
• Free unrestricted access for EU passport holders
• Good communications infrastructure Satellite and digital systems country-wide
• High quality development properties in prime areas available
• Strong up side for capital growth - especially in the "South West"
• Attractive, well-priced properties with strong rental demand
• Legal system, similar to British based property laws and environment.
• Freehold ownership
• Southern Cyprus offers security of title
• Effective Land Registry and transparency in property transactions
• English language widely used.
• Property sale agreements are in English
• English language newspapers, radio and television available everywhere
• UK trained lawyers.
• No investment problems
• Tax Advantages
• Car import duties and taxes waived for expatriate residents
• No complications, No requirement for a company, or local "partners"
• Costs of purchase and resale are very low
• Low Capital gains tax on immovable property
• Strong demand for resale properties from overseas and local expatriates
• EU investors already active in the market and expected to grow
• The Cyprus government actively seeking to promote overseas purchases
• Low cost of living: food, petrol, clothing and EU priced luxury goods etc.
• Low cost of public and rented transport around the island
• Daily flights and low fares from Europe and the UK
• Excellent climate
• Superb golf , sports and water sport facilities
• Warm, friendly people; and pro European/British
• Superb selection food and locally produced wines.
• Ultra low unemployment rate
• Ultra low crime level

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