Cyprus Investment - investing in real estate within a quality resort with investment property supplied from IPD stock.
Cyprus the third largest island in the Mediterranean has not seen as many of the downsides of a slowing property market seen eslewhere in parts of Europe. Expat demand for property in Cyprus remains firm and is still a focus for locals in the Eastern Meditteranean and especially Expats living in the Middle East who see this Island as more favourable than buying on mainland Middle East.
Southern Cyprus is favoured by retirees because of its hot, dry summers and mild winters – not to mention its preferential 5% tax rate on pensions and with English widely spoken this part of the island makes for an ideal location for visitors from around the globe in many respects.
The Cyprus property investment market will also benefit from the recent introduction of a 15% VAT on all property purchases in accordance with the “acquis communautaire”; the VAT is expected to increase property prices by an immediate 5%.
The island has very strong tourist sector that continues to grow yearly and is known worldwide for being a beautiful place for vacationing – it is also a highly attractive place for investors looking to invest their hard-earned money into a solid performing market. Together with the location Cyprus also has a thriving business area that has become a popular off-shore location and haven for investors operating ina wide range of sectors. A 3.8% economic growth over the year in the island’s economy has been steady and is expected to continue for the forseable future.
The location of the island is also favourable for Cyprus investment as it is strategically located at the crossroads of three continents. Cyprus is also a member of the European Union offering investors one of the lowest corporate tax rates in the EU. There are many economic reasons for making an investment in Cyprus: the island’s clement weather, surpassing beauty and the government’s active marketing of the island as a place to invest.
IPD provide luxury properties by world class Cyprus property developers at highly discounted prices as well as Cyprus investment Real Estate suitable for both private and corporate buyers.
