| Why
Choose Cyprus? |
- A
fantastic climate, with over 320 days of sunshine a year.
- Friendly
in
every way to the British – UK based legal system, drive on
the
left, significant ex-pat community, favourable exchange rate.
- The
Euro becomes the currency with effect from January 2008, which will
drive the economy ahead still further.
- Advent
of cheap flights in 2007, certain to expand in 2008 and beyond.
- Shortage
of land in good areas, important to buy now.
- Domestic
economy strong, low crime rate.
- Excellent
infrastructure, with motorways, airports, marinas and golf courses all
set for massive investment in the next few years.
- Long
rental season helped by climate, golf and even skiing.
- Attractive
tax regime, with no inheritance tax, wealth tax or VAT on property.
Purchase costs are also low.
|
| What's happening to property
in Cyprus? |
- Cyprus
is one of the last affordable places in the Mediterranean, yet is one
of the most picturesque.
- While
prices have risen by 15% or more per year in the last three years,
Cyprus remains good value at present.
- The
cheap
flights, the Euro effect and the infrastructure investment are
attracting investors from across Europe, not just the British.
- As a
result,
it is extremely likely that property prices will continue to increase,
in some areas significantly, in the next 5 years.
- Rental
values will remain buoyant with high value tenants attracted by golf
and the marinas.
|
| Where To invest? |
- In our opinion, the northern
part of the island, unlawfully occupied by Turkey, is not worth the
risk as an investment prospect. Property is cheaper, but the issue of
land ownership remains largely unresolved.
- In the south, there is a
wide choice of areas to invest. While only 120 miles across, the island
has contrasting areas of beach and mountain, rustic villages and
tourist resorts.
- The East coast from Larnaca
up to the Turkish border at Famagusta is at present the area that we
favour, with excellent beaches yet less developed than the area around
Paphos for example.
- Prices here are currently
15-20% cheaper than on the West side of the island.
- This area is receiving high
levels of infrastructure investment, with at least one new golf course,
a large new marina, expansion of Larnaca airport.
- Any new building is subject
to strict planning restrictions in terms of height and density so the
area will not turn into one large building site.
For the Premier fact sheet click here
Properties in other countries
Bulgaria
Florida
Spain
|
|
Premier offers the following
properties in Cyprus
Sporades
Angel, Kiti
Olive Garden
Seaview
Point
|
|
