The Cyprus economy enjoys strong tourism, education, health and construction industries and represents a viable investment location both short and long-term. IPD recommends buying within a known well respected resort enviornkment and can offer a selection of luxury investment properties in Cyprus that fit this category.
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 island makes for an ideal location from many aspects. Cyprus remains one of the most popular destinations for Europeans and other nationals that seek to invest in a holiday, a retirement or an investment home. In terms of risk, Cyprus is at the lower end of the spectrum and has some of the best tax breaks in the EU (if not the best), lower cost of living compared to mainland Europe, excellent weather, rich heritage and culture, superb medical facilities and infrastructure.
Cyprus has limited land space these predictions are quite likely to play out as larger portions of the nation are developed and less space is left for further construction projects to take place which in turn strengthens the Cyprus investment market.
The location of the island is also favourable for investing 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 investing in Cyprus: the island’s clement weather, surpassing beauty and the government’s active marketing of the island as a place to invest.
If you are looking for a great Cyprus property investment at a low price without cutting luxury contact an IPD sales consultants today here.
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