|
The key factors to be considered when making a property investment
decision can be summarised as:
-
Capital Growth - both historic and projected Risk of the Investment
Ease of conducting business in the country Capital GrowthNumerous
economic factors have fuelled high levels of growth in the Cyprus
property market over the last few years, including the entry into the
European Union, the level of investment in the infrastructure and the
growing awareness and popularity of Cyprus as an all year round
holiday destination. This has resulted in Cyprus becoming one of the
fastest growing property markets in Europe, with annual property price
increases in the order of 15-20%.
-
The continued investment in infrastructure, the growing popularity of
Cyprus, entry into the Euro in January 2008 and the relatively low
prices compared with the likes of popular European destinations such
as Spain, France, Portugal, and other Mediterranean Islands support
the expected continued growth in property prices for the foreseeable
future.
-
Risk of the investmentCyprus is one of the most secure places to
invest, which is a major factor when making an investment decision.
Some of the key points in making Cyprus a secure country in which to
invest are as follows.
-
The Cyprus legal system is based on the English legal system and,
therefore, if you are using an independent lawyer, the investment is
extremely secure. The lawyers speak very good English and are
typically trained in England. Cyprus is a very safe environment and
has the lowest crime rate in Europe. Even today the locals do not
think of locking their homes and cars. The Financial economy in Cyprus
is extremely strong. It is planning to join the Euro in January 2008
and as such has to meet very stringent financial targets which will
make it even stronger. Cyprus is on track with these targets.
-
Ease of Conducting Business 90% of the population speak English making
it very easy to conduct business and build trust. The Cyprus banking
system is based on the English banking system. Good mortgage and loan
products are readily available on the market in the most competitive
currencies and at good rates. Cyprus has a dual taxation treaty with
the UK and it is one of the most tax efficient countries in the world.
>Back to Top
|
