Cheap at Twice the Price

If romantic dreams of dining by the beach, waking every day under a golden sun and a leisurely pace of life make Cyprus an appealing destination, then it’s the cold, hard facts and figures that are making it a must for overseas property buyers and investors.

Low priced high quality homes

The attractions of Mediterranean living are all too obvious and Cyprus offers one of the most economic places to make that dream lifestyle come true. First and foremost, property is extremely affordable: a beautiful, brand new apartment with all the latest fixtures and fittings can go for as little as CY£60,000.

30% cheaper that the alternatives
 
It’s often stated that Cyprus is around 30% cheaper than Mediterranean counterparts such as Spain, Portugal and France, but when it’s actually compared with the popular tourist areas of those countries where Brits and Northern Europeans actually buy most, that saving is even greater. Many properties come free of tax and stamp duty is as low as CY£70. Plus, water and electricity bills for a year rarely exceed an extremely modest CY£200.

Low tax across the board

Then there’s the favourable tax regime – a flat rate of 5% on all pension and investment income. Corporate profits, meanwhile, are taxed at 4.25%, which is why many ‘brass-plate’ companies have made the island home.

Investment in Larnaca

The investment in Larnaca includes a multi million pound redevelopment of the airport, Improving facilities and increasing the volume of budget flights into Cyprus. Properties within a 30 mile radius of a new budget airline destination generally rise up to 30%, as has happened across the eastern European destinations.