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Primarily there are three major Investment Strategies:
1. Buy to Sell: About buying the property off-plan before the development actually starts, and further selling at, or before, completion and analysing the capital growth achieved during the development cycle. By investing 30% of property’s value at signing contracts and with annual property rise of 10-15%, you can benefit a 21- 32% gain on the property value during the development phase, equating to a 70-100% return on the investment.
2. Buy to Rent: which like buy to sell, involves purchasing off-plan before the development starts and then holding the property at completion for letting purposes, thus increasing both capital growth and income. With the right directions, the cost of mortgages and property management should be recovered by the rental income.
3. Buy to Live: getting your dream home in one of the brilliant and friendly environments, whether its permanent residence or a holiday retreat, reflects not only a lifestyle change but also an intellectual capital growth investment.
Other Great Benefits of Cyprus
- The climate makes this island one of the healthiest spots in the world with approximately 340 days of bright sunshine in a year
- High living standards but with a low cost
- The general property price level is lower than UK or even Spain
- It offers attractive tax benefits including pensions tax which is @ 5% on income amounts exceeding CY£20,000
- It offers an easy access to and from UK, Europe and other global destinations with over 30 major airlines and two main international airports in Larnaca and Paphos
- Outstanding inexpensive medical facilities
- Left side driving
- Modern and contemporary judiciary, accounting and financial services same as British practices
- Intellectual educational facilities
- Four lane motorways and highways connecting all major towns and international airports
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