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With a heavy British influence, well developed infrastructure, an ever expanding tourist market, a high GDP growth, political stability, full EU member, dynamic workforce, advantageous geographical location (at the crossroads to three continents), the combination of traditional and modern values, and an ever booming property market, it's little wonder why Cyprus remains one of the top choices for overseas property buyers.

As the world opens up to overseas buyers, new markets will be tried and tested, some will continue to do well for a period, others not. Whilst all the furore of the newest market hits the headlines, Southern Cyprus will do what it does best: sit it out patiently, and watch the frenzy of the newest group of investors dive in, hoping to make rich returns. As the wise investor knows, you don't get your fingers burnt in an established market.

When you look at it, Southern Cyprus has a lot to offer:

  • Year round excellent climate - hot summers and mild winters, considered to be one of the healthiest climates in the world
  • Full EU Membership
  • Economically stable
  • One of the fastest growing markets in Europe
  • High and steady capital growth, with property prices continuing to increase at around 20% per annum
  • One of the safest and most reliable Lands Registry systems in the world
  • Healthy and long established re-sale market
  • Excellent year round rental market from an ever-increasing tourist market
  • Excellent infrastructure, including telecommunications, technology
  • Truly cosmopolitan population
  • Beautiful beaches
  • Magnificent mountains
  • Modern cities with up to date shopping centres selling all named brands
  • Traditional bazaars selling authentic Cypriot wares
  • Vibrant nightlife
  • Historical monuments and sites
  • Advantageous corporate taxation system - double taxation treaty with over 40 countries
    All pension income taxed at just 5%
  • No inheritance tax
  • Banking and legal systems based on the English equivalents
  • Very high standard of living
  • Low cost of living
  • Very low crime rate (lowest in Europe)
  • AND EVEN SKIING (DURING DECEMBER TO END OF MARCH)

The demand for property in Cyprus continues when other markets rise and fall. With Cyprus joining the Euro Zone in January 2008, local banks' interest rates are falling into line with the rest of Europe, making mortgages more attractive to the overseas buyer, and hence having an impact on property prices.  

In fact, property prices in Southern Cyprus compare favourably to those in other European favourite hotspots, like Spain, France and Portugal.  Unlike those countries however, suitable building land will run out in Cyprus within five years. Good news for those investing in and relocating to the island.

Properties on the island can be picked up from as little as CYP£50,000 (EUR 86,750, STG £59,500). The quality of new build is good, and, with a legal system based upon our own back home, there is greater protection for buyers. Visit www.jjacyprusproperty.com to view a selection of properties on Cyprus.