Cyprus property investment can be a lucrative way to make the most out of your savings with more people now seeking advice on getting into property investment abroad.
There are a number of things to consider when thinking about how to start investing in property in Cyprus, like where you are going to invest, what type of property investment you want to purchase and what are the tax implications of your investment.
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 and Larnaca 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 and received over 8.2 million visitors in 2019. Visitors to Cyprus has increased year-on-year since 2007, except 3 (2009, 2012 and 2013).
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.
For more information on Property Investment please click on the enquiry form button and one of our specialist advisors will be in contact.