With a multitude of financial reasons to invest in a property in Cyprus or multiple properties and a host of other factors which make this the hottest spot beyond doubt in the whole of Europe to invest. This is not merely interpretation or a biased view. Many of the leading property analysts in the UK are vauding Cyprus as the best destination to invest for many years to come. Many of the UK’s leading newspapers have been touching base on the subject of Cyprus recently. There is a vibrant economy and large scale investment for the future with the only stable economy in Europe and further afield. Property prices are still realistic despite the Islands huge popularity! There are also tax breaks to bring a tear of joy to any investors eye, including exemption from capital gains tax (to presently include properties) Cyprus Also has a double taxation agreement with the UK and many other countries as well! In some cases you are also entitled to a tax rebate on properties purchased over a certain period! Sweet.
The true measure of investment property though, is the ability to make money on them. Now this is also another reason to invest here! A very recent Times survey has found this to be the number one destination according to overseas property buyers in the world bar none to retire to! Added to the torrent of publicity surrounding the Island and the huge demand for properties here (including rental).
There is no doubt that should you wish to indulge then this is the best place to splash your cash! More importantly the Cypriot government has signaled that it will not endanger the property market in any way by imposing whole scale taxes or legislation for the long term benefit of the region as they are entirely happy with the system how it is and are also planning to promote and heavily invest in infrastructure and tourism over the next ten years!
The taxation system from pensions to properties is amongst the finest anywhere. Mortgages are also very easy to obtain out here as well. There is a plethora of information available to the potential overseas buyer about investment in Cyprus properties. You are certain to find the Cyprus property investment opportunity to good to miss. The number of large investors enquiring out here at the moment is truly incredible!