Reasons to Invest in Cyprus

For the past 5 years, and increasingly so since becoming a full EU member in May 2004, Cyprus has been experiencing high levels of international demand for residential property.

 
• EU Member since the 1st of April 2004
• Euro Currency from 2008
• Excellent level of private and public education
• No employment permits required from EU citizens
• Easy access from UK, Europe and all major destinations with over 40 main airlines servicing Pafos and Larnaca international airports
• Low crime rate – 1/6 of the UK
• Low cost of living, around half of the average European
• Low priced, accessible and advanced health services both private and public
• Driving on the left with all road signs in English
• Banking, legal and accounting systems based on British principles
• No inheritance tax
• No capital gains tax on €17,086 (CYP 10,000) profit
• Thriving property market, capital appreciation of around 15% per year for the last 5 years with indications of increase.

Advantages of purchasing off plan

When you decide to purchase your investment property, buying off plan means that you need to secure it at today’s price. Given the trends of recent years by the time the property is built and delivered to you, the value may very well have risen by more than what you originally paid for it.

Historically, the rates of capital appreciation have been around 20 - 30 per cent from launch to completion over a period of 18 to 24 months. For a reservation fee of €3,500 (cy£2,000) and a minimum investment of 20% of the purchase price payable within 30 days, investors can take advantage of the excellent capital appreciation of a Paphos property built by Stasis Estates.