Cyprus – Back to Basics
There’s a whole range of information and factors to take into account when deciding to invest in or move to Cyprus, so here’s a rundown of the main points about Cypriot living.
Government
Upon gaining independence from Britain in 1960, Cyprus became a constitutional republic, with the UK maintaining a few Sovereign bases. The island is a full member of the European Union, The Council of Europe, the Commonwealth and the United Nations.
The Head of State, the President, is democratically elected by voters over the age of 18 and terms last five years. The House of Representatives – 56 elected members – is responsible for law-making.
The ‘Cyprus Problem’
36% of the island (the northern part) is Turkish, following the Turkish army invading the island and capturing this portion in 1974. The two parts are separated by a UN-patrolled ‘Green Line’ and access between them is restricted. However, there are on-going negotiations to resolve this problem, possibly by adding Northern Cyprus to the EU.
Getting There
Both Paphos and Larnaca have international airports, with regular flights from most large European cities. The low-cost carrier Monarch has recently announced a new flight between London Luton and Larnaca and it is widely believed that the other budget carriers will follow suit, dramatically lowering the average cost of travelling to Cyprus.
Developer mortgage and rental programme already in place!
If you have £20,000 available, register below for our information pack, include a daytime telephone number and you can have all the information within the hour!
Fill in your details to receive information on the latest investment opportunities and get your FREE information guide on purchasing Cypriot real estate.
Why Invest In 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.
UPA
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.