The benefits of real estate buying in Cyprus include:
- Low level of prices on the real estate market in comparison with other European countries;
- The lowest income tax among European Union members;
- The average income from real estate investments is about 5-6% per year, and the sale of property in Cyprus can bring 30% or more profit;
- The limited area of the island, suggests that the construction will stop one day and the value of property in Cyprus will definitely increase;
- The mild subtropical climate with hot summers and mild winters, the unique nature, clean air and the glorious sea, make buying a property in Cyprus a good investment in tourism;
- 340 sunny days per year;
- The lowest crime rate among the European countries.
Cyprus is an island state, located in the Mediterranean Sea. The country is a member of the European Union (EU).
According to official division 98% of the island is the Republic of Cyprus territory, which also includes Agios Georgios, Glyukiotissa, Geronisos, Keele, Kordiliya, Kiedes and Mazak islands. The remaining 2% of the territory is owned by the British military bases of Akrotiri and Dhekelia.