Cyprus

• The general price level of property in Cyprus has remained very low in comparison to the UK, or even in comparison to Spain.
• A relatively low cost of living often accounts for a substantially improved quality of life. Cyprus enjoys a high standard of living with good facilities.
• The Cyprus economy is characterized by robustness and stability that is evidenced by the favourable evaluations of the European Commission and the International Monetary Fund.
• Tourism is predicted to grow by 4.6% over the next 10 years, contributing about 13.9% to the country's GDP by 2014. This is good news to property investors looking for a ready market.
• Cyprus boasts a very efficient land registry system with straightforward and well administered procedures, making property purchase a safe option.
• Cyprus has a British-based legal system, where English-speaking lawyers abound. A British-based banking system in Cyprus makes choosing mortgages and managing your money similar to the UK.
• Taking advantage of Cyprus' privileged and strategic geographical location at the crossroads of 3 continents, Cyprus cooperates with neighbouring countries such as Greece, Israel, Lebanon, Syria, and Egypt.
• Investors can take advantage of fiscal incentives and a relatively low level of taxation.
• Special tax incentives offered by the Government (e.g., the Double Taxation Treaty existing between the U.K. and Cyprus, allows a U.K. citizen to receive their pensions and investment income in Cyprus, with exemption from U.K. taxes).