Since becoming a full member of the EU on 1st May 2004, Cyprus became one of the most popular Property Investment locations, offering excellent value real estate investment options in an affordable market when compared to other European locations.
Currently Demand exceeds Supply as holidaymakers, employees of foreign Companies and retirees seek for properties. What makes Cyprus different to other investment countries is its strict planning controls, limiting the downside risk of prices for over-supply. The Cyprus Land Registry Department System (The southern part of the island. The Northern part of the Island is considered very risky due to the Turkish invasion in1974 where Turkey occupied by force the 30% of the Island.) is considered to be one of the safest systems in the world. Cyprus is also considered to be one of the safest places to live since the crime rate in only 6% of the rating in the UK.
Cyprus enjoys a perfect climate with approximately 340 days of sunshine annually. In general Cyprus has mild wet winters and dry hot summers with annual temperatures around 20°C. Cyprus has a short season of snow, during the winter period, in the mountains from January to March where it is possible to sunbathe in the morning and ski in the afternoon.
The property market in Cyprus is growing rapidly and prices in some areas are increasing by an annual rate average to 20%. Still property prices are considered lower than most European Countries. A sharp increase seems to appear on demand of GOLF COURSE properties.
A comparatively low tax rate, including Double Taxation treaties between Cyprus and other countries, including the UK are attractions for Investors. When Cyprus became a full member of the EU, Double Taxation Treaty was one of the main treaties to avoid double taxation to income earned. Pensioners who become residents are taxed on their pensions received from abroad at the rate of 5% for annual amounts not exceeding £ 2,000 annually. No tax is paid in the country of origin if a double taxation treaty exists. As for Cypriot residents annual income up to £ 10,000 tax is exempt.
Capital Gains Tax of only 20% and Corporation Tax for Cypriot Limited Companies (through you can own your property) stand at only 10%.
Cyprus enjoys a high standard of living, with good facilities, including top-class golf courses and a low cost of living often makes for an improved quality of life. The very low crime rate and friendly people make the island a desirable place to visit of live. Excellent medical facilities, high education standards and offshore business advantages make it more and more attractive. Tourism is growing every year, making this good news to Property Investors who are looking for a ready market.
Cyprus has an Anglo-Saxon legal system and a British-based Banking System and since more of 90% of the population speaks English, this makes choosing mortgagees and managing your money very familiar.
Most commercial banks in Cyprus are authorized to offer mortgage facilities to locals as well as foreigners. Loans are based on the buyer providing a minimum deposit of 30%.
Repayment can be acquired in any foreign currency or in Cyprus pounds. Loan value is normally up to 80% of the property valuation. Life insurance will be required when taking out any mortgage in Cyprus.
Other reasons why to invest in Cyprus regardless of its fantastic weather and natural beauties are its crystal clear blue flag beaches, high telecommunications technology, easy transportation, a culture of over 10 millenniums, excellent Mediterranean and European cousin, tasteful wine, incredible nightlife and most of all, the famous Cypriot Hospitality that you meet in every corner of the Island.
WHY INVESTING THROUGH US
We are registered and under licensed Estate Agents for over than 30 years now, enjoying a high reputation in the field. We are professionals in what we do and always with a smile. Our 30 year of experience and knowledge in the field make us the ideal choice for you.
We are honest and hard working people, easy to talk to, and always work with the best and most respective developers in Cyprus and promote only the best properties that the market has to offer for every pocket. We will provide you with every legal advice you need to buy a property and most of all we will take care of all the paper work for you. We face each and every one of you as a friend and always understand and respect your concerns for the big step you are about to take.
One thing we are proud to say so, is that we finish what we start, and when we see the smile on your face, only then we know that we have reached our goal.
Don’t forget. YOUR SMILE IS OUR BUSINESS!
Apartment
Nicosia, Strovolos
110,000.00€ CY£
64,380.14
House
Nicosia, Strovolos
1,300,000.00€ CY£
760,856.20
Showroom
Paphos, Ktima
3,600,000.00€ CY£
2,106,986.40
House
Nicosia, Strovolos
590,000.00€ CY£
345,311.66
Villa
Larnaca, Mosfiloti
2,350,000.00€ CY£
1,375,393.90
House
Nicosia, Lakatamia
760,000.00€ CY£
444,808.24
2007 Akreo Property Consultants & Estate Agents. All right reserved
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The property market in Cyprus is growing rapidly and prices in some areas are increasing by an annual rate average to 20%. Still property prices are considered lower than most European Countries. A sharp increase seems to appear on demand of GOLF COURSE properties. 
