Cyprus is easily accessible to 350million consumers from within Europe, Middle East & Asia, with more and more multinational businesses re-locating there to take advantage of the advanced telecommunication and transport infrastructure. In addition to this, Cyprus has a stable economy and the lowest crime rate in Europe. With all of these welcoming elements and a low cost / high standard of living, you have the perfect place to invest your money or simply relocate to the sunshine.
Cyprus lies at the crossroads of three continents, where East meets West and a new experience awaits you under the sun every day.
Ideal for second home, permanent residence & sound investment with beautiful beaches, championships golf courses and breathtaking mountains.
Why invest?
Property prices remain roughly 25% lower than in some other European destinations such as France, Italy or Spain, which is why a large number of investors are enjoying strong buying power in Cyprus. Capital growth reached 25%-30% p.a following EU membership; this is now settling to a current and sustainable growth rate of 9% - 12% p.a.
Mid to long term investors are naturally set to reap the benefits of the growing tourism industry. With old-fashioned restrictive rules on foreign ownership having been lifted, a surge of foreign interest and corresponding market buoyancy is now characteristic of the Republic.
As tourist numbers rise, the resultant strength in the buy-to-let market allows investors to benefit from solid capital growth, all the while supplementing this income with high rental yields in key tourist resort areas. Rental yields are now on average at 8%.
Why Cyprus?
In the Republic of Cyprus, focus is on successfully meeting all EU criteria since its membership in 2004, while it is clearly reaping the rewards of a strong and stable economy.
The Republic has prospered further since its adoption of the Euro on New Year’s Day 2008, when it accepted the same rate of interest as applied across the Euro zone.
For many, the Republic of Cyprus is reassuringly "British", with English widely spoken and many similar legal & administrative procedures – including land registry. These familiarities, in conjunction with over 300 days of sunshine a year and miles of beautiful coastline, entice an ever-increasing number of visitors and property investors to the island for business, pleasure and relocation.
The Strategic Plan for Tourism 2010 will upgrade tourist facilities and resorts with the main aim of launching Cyprus tourism well into the 21st century. The plan includes the establishment of new theme parks, agro/nature tourism, marinas and several golf courses – all great news for overseas investors who seek a stable tourist market, high rental potential – average of 8% - and good capital returns.
A high-income country, Cyprus offers a superior standard of living an impressive economic performance.
Cyprus has double taxation treaties with over 40 countries, including the UK and there are no exchange restrictions on current international transactions. Non-residents and foreign investors may freely repatriate proceeds from their investment property.
Coming Soon – Limassol Marina
Enjoy gentle luxury and effortless style, the new blending seamlessly with the old. The thrill of the city close by and the sparkling Mediterranean all around.
Working closely with Cybarco plc, World Properties and Land welcome you to consider the opportunity to invest in the first ever luxurious Marina in Cyprus, which is combining the facilities of private Yacht Moorings in conjunction with a Luxury Residential and commercial development. The Marina will have beautiful views over the Mediterranean and will embrace the location and facilities to offer a unique and exclusive lifestyle: living on the sea.
The Limassol Marina will be conveniently located adjacent to the centre of Limassol city. It will be carefully designed to blend with the surrounding area of the Old Harbour, the Old Town and the Medieval Castle. It aims to become the most exclusive resort and Marina in the Eastern Mediterranean.
