1. Cyprus is a visually stunning island with a rich variety of sandy and stoney beaches, lush hills, valley and mountain landscapes and bustling inner city locations to suit all lifestyles.
2. Cyprus enjoys some of the best weather conditions in Europe, with more than 340 days of sunshine a year, without the stifling humidity of many other hot countries.
3. Cyprus is becoming a popular destination for healthcare tourism, with people from other EU countries travelling to Cyprus to take advantage of the excellent standard of healthcare and medical expertise, from highly skilled and well trained medical practitioners from around the globe. emergency treatment is free for EU citizens and medical insurance is relatively easy to obtain.
4. The relatively low cost of living in Cyprus has special appeal that offers a full, yet comparatively inexpensive lifestyle. Recent statistics indicate that Cyprus is one of the most inexpensive countries in Europe, with the Euro as its main currency.
5. Cyprus has the lowest crime rate in Europe, which contributes significantly to the easy going and relaxed lifestyle enjoyed by its inhabitants.
6. English is the second language on the island, with around 90% of the inhabitants speaking fluent English. So communicating with the people of Cyprus is seldom a problem.
. Cyprus has a British-based legal system and an established Land registry which makes purchasing a home a safe option. Furthermore, the island also has a British-based banking system, with many globally recognised Banking institutions offering attractive mortgage products and rates to overseas buyers.
8. Special tax incentives offered by the Government (e.g., the Dual Taxation Treaty existing between the U.K. and Cyprus, allows a U.K. citizen to sell and repatriate their funds easily, while taking advantage of one of the most beneficial Tax regimes in Europe. For example, Capital Gains Tax is currently half that of the U.K at only 20%, Corporation Tax is as low as 10%, there is no inheritance Tax and no Stamp Duty on purchases, to name a few advantages.
9. The Democratic Government in Cyprus has promoted a stable and prosperous free market economy. The islands residential property market has remained buoyant and house prices have continued to increase despite the global economic downturn, which has made the island a firm favourite with holiday home purchasers and cash smart property investors from all corners of the globe.
10. Cyprus joined the EU in May 2004 and EU citizens who are non-residents may now buy 2 properties and this is likely to lead to considerable growth in demand.
