Investing in property in Cyprus

There are a number of factors which make the Southern Cyprus property market an attractive area to invest into, none more so than the beautiful weather which bodes well for the sun seekers.  The area boasts some of the best weather conditions in the Mediterranean with approximately 340 days of sunshine annually. Investing in property in Cyprus The government of the island have taken a more proactive approach to attracting inward investment, especially since joining the European Union (in 2004) and the benefits associated with this.  There are large fiscal incentives for overseas companies and individuals looking to direct funds to the area, not to mention a more e stable economy than seen in modern times.   The area has become a magnet for international banking and the oil industry, adding further weight to an expanding economy.  The authorities have also seen a massive increase in tourism to the area, and are keen to encourage this still further, while attempting to retain as much of the original landscape, architecture and culture as possible.  The country is also well positioned geographically, being central to three Continents offering further easy access to foreign visitors.   The average price of property in Southern Cyprus is some way below European counterparts such as the UK and Spain, and all properties made available to overseas investors is off-plan with the relevant permits and permissions pre-agreed.  The area also offers a strong sell on market, with premium properties in Southern Cyprus in very short supply.

 

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