Cyprus property investment can be a lucrative way to make the most out of your savings with more people now seeking advice on how to start your property portfolio abroad.
Since the 1990’s Cyprus has been attracting buyers from the UK, the Middle East, Russia, and more recently China, South Africa and many European Countries. Cyprus is easy to travel to from anywhere in Europe and the ME. With its idyllic Mediterranean climate, Cyprus remains the popular choice and in recent years the country’s economy has benefitted from its Residency and Citizenship by Investment programs and, which have helped to grow the tourism economy and the country’s infrastructure.
Cyprus is officially known as the Republic of Cyprus and is 3rd largest, and 3rd most populous island in the Mediterranean with a population estimated at 1.21 million in 2020. Nicosia (the capital), Limassol, Larnaca ad Paphos account for over a third of the population.
The country obtained independence from the UK in 1960, has been a member of the Commonwealth since 1961 and joined the European Union in 2004, adopting the Euro in 2008.
Even though Greek and Turkish are the official languages in Cyprus, English is widely spoken.
Cyprus was listed as the 5th safest country in the world in 2020 by French travel insurance company Insurly. With a minimum of around 4 million tourist arrivals per year, it is the 40th most popular destination in the world and the 6th most popular per capita of local population.
Cyprus has international airports in both Paphos and Larnaca and with easy access from Europe, tourist figures are on the up.
With an average 325 days of sunshine a year, it’s not surprising Cyprus is a popular destination for holidays and permanent residence. The easy and laid back Cyprus lifestyle involves many outdoor activities, from water sports, golf, great leisurely coastal walking and alfresco dining.
As well as property investment, we have properties and developments for sale in Cyprus that are eligible for the Citizenship by Investment and Residency by Investment programs or as a lifestyle property. If you would like to discuss your requirements, we can find you your dream property or development.
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