A mediterranean gem with lasting value
Cyprus has been its astute, safe choice as an investment property destination for years—and it’s no wonder why. Situated in the Mediterranean’s sun-kissed east, Cyprus combines the ideal mix of sunshine, safety, and solid returns. As a holiday home, rental yield, or a place to settle down in Europe, investing in property in Cyprus is one of the most attractive destinations on the globe.
A resilient market with broad appeal
What is it about Cyprus that makes its property market so resilient? Firstly, the island offers relaxed living and modern infrastructure — a lethal combination for investors and buyers from the UK, Europe, the Middle East, and beyond. The property law is foreigner-friendly, the tax benefits are significant, and the demand for property, especially in the likes of Limassol and Paphos, remains unabated.
There’s variety, too, in what’s available. Whether it’s a contemporary apartment in a bustling city center or a secluded villa to buy in Cyprus near the sea, the market caters for a range of budgets and lifestyles. And the island’s strong tourist sector adds validity to rental yields, particularly for those considering rental property in Paphos or coastal resorts where short-term lets are highly sought after.
The high end is also thriving. High-net-worth individuals are especially drawn to Cyprus luxury real estate for sale, where they receive lots of space, modern finishes, and stunning sea views — at a fraction of the cost of similar properties in Western Europe. Want to explore opportunities island-wide, such as Northern Cyprus real estate purchasing? Start at myspace.com.cy , a website created for today’s savvy investor.
Security, lifestyle, and long-term ootential
In contrast to so many “hot” markets that arrive and disappear, Cyprus provides enduring value. Political stability, EU membership, and continued infrastructure upgrades provide a sense of security for investors who have long-term growth in mind. Whatever your intentions for moving, retiring, or merely diversifying your portfolio, the domestic market provides a solid foundation.
Also important is the lifestyle. Imagine Cyprus luxury property — a setting where sunshine, local culture, and Med food are part of the daily scene. That lifestyle appeals not only to owners but also to renters, so it is no surprise that so many buyers like to take earnings while spending time part-time in their investment.
Cyprus also features low transfer fees on property, reasonable legal procedures, and an underlying system of professionals that make buying property in Cyprus idiot-proof. No wonder more and more investors are coming to trusted sources such as MySpace to lead the way into the market and find the ideal one — be it an ocean-view condo, a hillside bungalow, or a high-paying rental in a resort town hub.
