The Cyprus economy enjoys strong tourism, education, health and construction industries.
Southern Cyprus is favored 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.
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 market.
The location of the island is also favorable 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.
Cyprus is one of the world's most popular tourist destinations making an this an ideal long term investment location.
Cyprus has the lure of year-round sun translating well for rental fees and investment demand year-round. And even beyond the beaches visitors come to Cyprus for water sports, for history, culture, cuisine and a quieter pace of life and if an investor knows which market to tap in to they can do very well in the form of rental yields annually.
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