Calls for Serious Cyprus Investment Consideration

Prime residential property has been displaying an average growth of over 30% per annum for the past four years.

Cyprus is now a full member of the EU and is the only country within Europe offering a geographical link between Europe and the Middle East with excellent bilateral relations within the region.

Cyprus within Europe has the most favorable tax incentives of all kinds of businesses that decide to establish themselves here. They can enjoy the lowest rate of corporation tax within the EU not to mention the large number of double-taxation treaties that Cyprus has worldwide.

Professional service ranks amongst the best in the world, infrastructure is near perfect, albeit developing further.

The Government is focusing on achieving entry into the Euro zone in 2007.  In order to enter the Euro zone all Maastricht criteria has to be met, which means that the interest base rate should fall down to as low as 2% compared to today’s 4.25%.  It is obvious that for the next couple of years falling interest rates will have a boosting effect on property investment.

Looking at property in Cyprus as an income-generating asset, you should know that current income returns are between 5% and 8%.  This percentage may be higher depending on location, quality of construction and the type of property.

The Cyprus property market gives you great opportunities to invest.  Both capital and income returns are something that you will find fascinating in this part of the world.  Cyprus is without a doubt the big success of the new EU states. 

We, at Cyprus Dream Homes can give you sound and practical advice on purchasing property in Cyprus by drawing on our long experience in the Cyprus real estate market.  We can advise you on the right kind of property to buy whether it be for personal use or to rentals out.  We get many clients who buy from us purely for investment purposes and we help them to purchase the right villa or apartment to rent out in Cyprus.