Are you looking to buy to sell, buy to let or buy to live in Cyprus?

Why Buy Property in Cyprus?

Why Buy Property in Cyprus?

Do you want to enjoy more than 340 days of sunshine per year and where the people are as warm and welcoming as the climate?

A place which has the lowest crime rate in Europe and where residents still leave cars and house unlocked?

Where you can have easy access to and from the UK, enjoy a high standard of living at a lower cost than the UK and have access to a very high standard of healthcare?

Welcome to Cyprus, an idyllic island in the Mediterranean that offers you all this and more!

With recent entry into the EU and the planned adoption of the Euro in January 2008, the investment in Cyprus infrastructure and growing popularity of Cyprus as an all year round destination has resulted in Cyprus becoming one of the fastest growing property markets in Europe. Property prices remain very low compared with the UK and Spain, and choosing to buy property in Cyprus offers attractive tax benefits, including tax on pensions at a low rate of 5% on income amounts that exceed CY£2,000.

The Cypriot people are well known for their warm and hospitable nature, especially toward the British, and Cyprus has also embraced the British legal, land registration and banking system, making it easier to do business.

Investment in the infrastructure continues, and future plans include:

• 3 new marinas, including a new state of the art 1,000-berth luxury marina is to be built near Coral Bay (Paphos).
• Cyprus already boasts 3 golf courses including the internationally acclaimed Aphrodite’s Hills complex. There are an additional 10 courses in plan across the island including numerous PGA standard championship courses.
• A rejuvenation project for the old Paphos harbour and major beach improvements, with the pedestrianisation from the harbour through to Geroskipou.
• The Cypriot Government is investing heavily in Cyprus with refurbishments and additional terminals to both Paphos and Larnaca International Airports which are due to be completed in 2008, which will enable the airports to have the facilities to cater for 2.7 million passengers per annum, making it easy for anyone choosing to buy property in Cyprus to access their holiday home.
• A very first for property in Cyprus, and one of the largest in the world, is the plan for a $1 billion mixed-use development, consisting of a 250 acre site which will be known as ‘Neapolis’. It will include a new hospital, private university, research and development centre, international business centre and office park, plus cultural and leisure facilities including theatres and sports grounds.
• A new motorway linking Paphos International Airport to Polis is due to commence soon, and this will significantly reduce the travel time to this part of Cyprus as well as attracting increased levels of visitors and residents buying property in Cyprus.

To find out more download our FREE Living Guide by joining the Azure Members Club, where you will be first to receive information on new opportunities to buy property in Cyprus.