10 Reasons to Buy Property in Cyprus through Carnival
There are many reasons to buy a property in Cyprus but below are our top ten
Island of Love and Beauty
Known as the island of Aphrodite, the Greek goddess of love and beauty, Cyprus is favoured by its location in the Eastern Mediterranean, where Europe, Asia and Africa meet. Many different civilizations have left their mark on the island, and there is plenty to see and enjoy. Those who experience the colourful streets of its lively towns and the secluded beaches of its picturesque coastline will want to return to Cyprus time and again.
Cypriot Lifestyle
Cyprus enjoys a high quality of life. You can relax at one of the numerous spas on the island, sunbathe on sun-drenched beaches, or have a picnic at one of the island’s secret green valleys. For the more active there are endless opportunities for sports activities ranging from sailing to golf, from squash to wakeboarding, or even skiing during the short winter months. At night indulge yourself in one of the many gourmet restaurants or a local taverna, alongside the many bars and nightclubs on the island. All this, combined with one of the lowest costs of living in Europe makes Cyprus one of the top European destinations for holidaymakers and those seeking a permanent home.
Comfort and Safety
There is virtually no crime in Cyprus, making it an incredibly safe country for residents and visitors alike. Many young families moving to the island see Cyprus as the perfect location to raise their children. Cypriot people are very friendly and strive to make visitors feel welcome. The banking and legal systems are advanced and are regulated by the European Union. The country also enjoys excellent public services and infrastructure, with good hospitals, schools, dentists, opticians etc. Cyprus is an excellent place for business, with major telecommunications companies providing low cost international calls and high speed broadband.
Tax Advantages
Cyprus offers distinct tax advantages, helping to make the country an even more appealing place in which to live. Such advantaged include double taxation treaties with many countries, low rates of Capital Gains Tax, Personal Tax and Corporation Tax, and no Inheritance Tax whatsoever.
EU Membership
Cyprus has been a full member of the European Union since May 2004. This has made life in Cyprus much easier for other EU citizens as it is now easy to gain residency, employment or start up a business. Since then, not only has tourism increased, but it has provided a boost to the country’s economy as a whole, including the banking, agricultural and other sectors. Cyprus will join the Euro currency on 1st January 2008, with the inevitable outcome of property prices continuing on their upward curve.
Getting There
Getting to Cyprus is easier than ever. More than 33 airlines operate scheduled flights at Larnaca and Pafos international airports, including British Airways, Cyprus Airways, Eurocypria, Ajer and Flymonarch. By virtue of its placement at the crossroads of the Eastern Mediterranean, Cyprus can also form part of a Middle East tour that combines a visit to the island with Israel, Egypt or the nearby Greek islands.
Language Matters
The official language of the Republic of Cyprus is Greek but, being an ex-British colony, English is widely spoken. Ninety percent of Cypriots speak English. You will always be able to find menus, tourist information, road signs etc in both languages.
Getting Around in Cyprus
Cyprus enjoys one of the best transportation infrastructures in Europe, with well-maintained highways, good connections between towns and cities, and an efficient public transport network. As the island is an ex-colony of Great Britain, motor vehicles drive on the left.
The Currency
Cyprus joined the Euro in January 2008.
Peaceful Retirement
There could not be a better location to retire than Cyprus. The relaxing way of life, many opportunities for owning a seaside home, 320 days of sunshine per year, low levels of crime and superb medical facilities make Cyprus an unbeatable choice for an enjoyable retirement. Wherever your home country is in Europe, it will be less than 5 hours away from Cyprus, making it easy for friends and relatives coming to visit.
