Cyprus has become one of the most attractive real estate markets in Europe, and with good reason. Buying Properties for Sale in Cyprus offers a wide range of benefits, both financial and otherwise. Here, we take a look at why investing in Cyprus property could be the right decision for you.
Best Tax Laws
The main reason why buying property in Cyprus is so popular is due to the attractive tax laws which apply on this island. Foreign buyers are eligible for numerous tax exemptions when purchasing properties here, and can also enjoy permanent residency as well as possible European Union citizenship. Furthermore, real estate values have seen steady increases over the years, offering great opportunities for investors.
High Standard of Living
Another key benefit of investing in Cypriot real estate is that it offers excellent quality-of-life compared to many other locations. The climate here is Mediterranean, with hot summers and mild winters, making it ideal for outdoor activities year round. Furthermore, there are stunning beaches located around the island which are perfect for relaxing or taking part in watersports such as swimming or snorkeling. And with English widely spoken here, living comfortably in Cyprus is not an issue even if you don’t speak the local language fluently.
Of course, one of the most important aspects when considering investing in a new home is safety. Thankfully, crime rates in Cyprus are very low due to a strong police presence and strict laws which help protect citizens and their property from any potential threats or illegal activities. Additionally, excellent healthcare facilities are readily available throughout the country which means residents have access to top-notch medical care if needed.
Finally, although much smaller than its mainland neighbors Greece and Turkey, Cyprus still boasts many historical sites and cultural attractions for those who appreciate history or culture more generally. With cities like Nicosia possessing unique historic value as well as amazing scenery to match makes it easy to understand why many people choose to buy property here instead of elsewhere in Europe or abroad altogether.
For these reasons (and more) buying property in Cyprus has become increasingly popular among foreign buyers looking for an excellent investment opportunity combined with high quality living conditions that make living here very pleasant indeed. It is easy to see why many individuals have chosen to purchase real estate on this wonderful island – now all you need to do is make your move too!