Main Reasons for Purchasing Property in Cyprus:

• The property market is one of the fastest growing in the EU. Prices are increasing by an average of 20% per annum.
  

• Property prices are still far lower than in many other European countries. 
  

• Increase in the number of golf properties available. Many more golf courses are now being promised on the Eastern side of Cyprus – Ayia Napa, Protaras, Larnaca 
  

• Comparatively low tax rate, including a Double Tax Treaty with the UK. 
  

• Capital Gains Tax of only 20% and Corporation Tax for Cypriot limited companies (through which you can own your property) at only 10%. 
  

• UK pensions can be received tax free in Cyprus. 
  

• Foreign residents permanently residing in Cyprus pay only a 5% flat rate of income tax. 
  

• 340 days of sunshine a year make it a comfortable and enjoyable place to live. 
  

• High standard of living, with good facilities, including top class golf courses. 
  

• Low cost of living. 
  

• Comparatively low crime rate and friendly people. Criminal offences run at almost one-sixth of the European average 
  

• Excellent medical facilities. Healthcare standards are very high and most GPs and specialists are UK trained. UK education system in many schools and offshore business advantages. 
  

• Predicted growth in tourism over next 10 years by approximately 4.6% 
  

• British based legal system, with all English speaking solicitors 
  

• Advanced banking systems 
  

• Very efficient land registry with very simple procedures, similar to UK Systems. 
  

• A home away from home where it is mainly a greek culture, but the English language is widely spoken in shops, banks, restaurants, throughout the whole Island
  
  
  

  Mortgages and Bank accounts: For all your mortgage requirements, we can arrange to accompany you to local area banks, all with English speaking staff. Mortgages can be offered in a variety of currencies including Swiss francs, Euros, Cyprus pounds, Sterling – whatever your requirements. The process of obtaining a mortgage is a simple procedure and mortgages for your property can be arranged for up to 70% of the purchase price. All Banks are familiar with the workings of staged payments for the developers, therefore please do not let this be a concern to you, as they will liaise with the developers on your behalf regarding the payment in stages, once you have decided which new build property you will be purchasing. They will also offer the same percentage, 70% of the property value, for all resale properties. Also, we can offer assistance in opening both UK and Cypriot bank accounts for all clients.