Cypriot People
Famous for being welcoming and extremely hospitable, Cyprus’ people are a reflection of the stunning and dramatic landscape and the equally impressive history.
Some islanders are notably poorer than western Europeans and many still live rural, agricultural lifestyles, however Cyprus is modernising rapidly and the Cypriots embrace foreigners. The standard of living is, therefore, exceptional and, if you spend any significant amount of time there, you can expect to count local Cypriots amongst your closest friends very quickly.
Greek is the official language but the large majority of Cypriots speak excellent English.
The crime rate to is around one sixth of the European average, making it an extremely safe place for individuals and families.
Banks
The usual international banks have a presence in Cyprus, as well as the well-established Cypriot branches such as Alpha Bank, Hellenic Bank and The Bank of Cyprus. All of these follow the British system, so should be easily for most to manage and feel comfortable. They can cater for everyone private individuals to heavy-hitting businessmen and are, by and large, extremely helpful. A word of warning though: branches only open between 8.15 and 12.30 Monday to Friday.
The currency used is the Cypriot Pound (CY£) which is made up of 100 cents. At current rates, the CY£ is roughly equivalent to 1.16 Pound Sterling.
Healthcare
No vaccinations are required in order to visit Cyprus and no major considerations are necessary other than common sense. It’s probably best to drink bottled water and plenty of it, as temperatures rise high especially during summer months. Equally, even if you’ve made the move on a permanent basis, remember sun protection on a daily basis.
The highest standards of care
Many Cypriot doctors in fact qualified in the UK or USA and, with brand new, modern general hospitals open in Larnaca and Paphos, the healthcare system is excellent. As well as public health, a private health sector does exist.
Register now to be sent details of the latest investment opportunities and to receive important information on purchasing Cypriot real estate.
Recent changes in legislation allows foreign investors to purchase land and residential homes on the island. With this has came a real estate explosion of almost unequalled size. With demand so high, rental yields are staggering when compared to the low purchase price of Cypriot apartments.
There are many advantages in investing in Cypriot apartments which include the facts that there is 0% capital gains tax, 0% rental income tax and a staggering volume of demand with the population rising so quickly.
As specialists with over 20 years experience and offices globally, we provide our clients with a wealth of international real estate expertise and a housing portfolio embodying some of the most beautiful regions of the world such as Brazil, Dubai, France, Germany, Morocco and Turkey, just to name a few.