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    Top 20 reasons to buy property in Cyprus

    Buy Property in Cyprus: Cyprus is a fantastic place that attracts big interest on the property market. Increasingly more Europeans, along with 3rd nation nationals, are seeking to acquire a vacation home or a house here, because of the environment, beneficial market conditions, the availability to claim irreversible residency or the citizenship, or simply because they like the nation.

    It is simple to see why the interest of individuals looking to buy a property in Cyprus is so high. Packing all of your belongings and initiating a house removal is easy to understand when you look at the real estate market and what life on Cyprus is all about. Such high demand is because of several factors, however you only require a few good ones to make a move. Here are some benefits of investing in real estate in Cyprus:

    1. Great holiday resort

      Cyprus is a popular traveler location and for a good factor: it’s a great place to visit and spend your holiday in. Part of the reason that is so is because of the terrific beaches, outstanding climate, the hospitality of the locals, in addition to the affordable cost to be there.

    2. Beneficial environment

      You will barely hear a different forecast than one that describes sunny weather. What is more, there is hardly any rain in Cyprus, which suggests constant sun and warm weather for most of the year. It is a legitimate factor for lots of people to purchase a property and start moving to Cyprus, especially if they are fed up with snow and cold weather.

    3. Low criminal activity rate

      Living in Cyprus is unwinded, as the crime rate is substantially lower than that of lots of other European nations. That is an excellent benefit, as it motivates serene domesticity. The reason is simple: both the culture of the occupants, in addition to the small size of the country -where tricks can not be kept silent-, leave nearly no chance for crime to grow.

    4. Terrorism? No chance

      In a struggling world where every day we view and listen about terrorist attacks and people fearing for their safety, Cyprus has no worry about such an issue. Occurrences as the ones happened in France, Belgium, Turkey, Egypt and other nations, have no location in a friendly and safe society such the among Cyprus.

    5. A number of property alternatives

      If you are seeking to take advantage of the property market, you can do so. While it holds true that you will have to look deeper for a conventional Cypriot property, you can still discover a brand new one, no matter what is your budget and where you require it to be situated.

    6. Residency & Citizenship schemes

      If in your case you are a 3rd country national, you might get benefited by the current programs released by the government of Cyprus, offering the opportunity to non-Europeans to liver permanently on the island as long as they purchase a property of a minimum of EUR300,000 + BARREL, or get the citizenship (and a European passport) as long as they invest EUR2,5 million. Both schemes are thought about amongst the best on the planet.

    7. Don’t use it? Rent it!

      You can purchase a property and let it on the rental market – you can buy Cyprus realty and expect guaranteed returns if you let tenants use it. That is especially legitimate for property in a few of the more popular resorts, such as Limassol for instance. A common strategy you can utilize is to buy a home in Cyprus, lease it out for a variety of years till you are ready to deal with cross-country moving and after that relocate to the bright island completely.

    8. The overwhelming bulk of the population speaks English as well as Greek, though offered the increasing numbers of arrivals from other countries, around 15% of the population also speak extra languages, such as German and Russian
    9. Drivers drive left wing (a concern for unaccustomed chauffeurs).
    10. The legal system belongs to the UK’s.
    11. The island is the EU’s 2nd best nation and eighth most secure worldwide. Serious crime is limited, although it appears thefts might be on the rise – As an EU member, public health, domestic worker help for the elderly and other EU advantages and commitments use in Cyprus.
    12. The island claims six of the Mediterranean’s leading blue flag beaches and is likely to add to this number as part of ongoing facilities upgrades.
    13. 2 top-quality marinas are currently operating in Limassol, with another under construction in Ayia Napa, expected to be completed in 2018. A fourth is planned for Paphos and a fifth for Protaras. Little fishing harbours are also positioned the whole time the coast.
    14. There are 2 global airports (Larnaca and Paphos) offering ease of access to all cities by means of a highway network. Travel time is 30-45 minutes from airport to city centres.
    15. In addition to an array of sports centers, the island boasts 5 worldwide golf courses, plus numerous sporting clubs of all kinds.
    16. Cyprus takes pleasure in 300 days of sunshine a year and, depending on weather conditions, snow over the Troodos range, with centers for skiers.
    17. There are several schools and universities where tuition occurs in a major European language in all towns.
    18. For those seeking a company location, Cyprus uses the lowest tax rate in the EU, and holds double tax contracts with crucial commercial partners, including the UK, Russia and Egypt. Benefits such as unique tax incentives for foreign managers of offshore companies are an extra tourist attraction.
    19. Distances are relatively short, with travel in between coast and mountains taking about an hour. The island also uses an attractive countryside that integrates history with natural appeal.
    20. Citizens of non-EU states can protect an irreversible residency visa by acquiring a house worth over EUR300,000. Non-EU citizens can also get a Cypriot passport with an investment of EUR 5 million and a EUR 500,000 home purchase. Such visas and passports likewise cover family members, whereas when it comes to group financial investments (i.e. a number of purchasers getting together or operating through a developer), the investment quantity is lowered to EUR2.5 million per person. This scheme compares positively with comparable plans in other European nations, and provides a one- to two-month reaction period from application date. Meanwhile, after a six-year economic crisis, regional property is showing signs of healing with costs rising, so it is a suitable time to invest for individual use/buy-to-let/capital gains. It is essential to note that, under the prevailing rewards, the ownership transfer cost (stamp responsibility) is charged at 50% of the regular rate if transfer occurs in 2016 although we expect this may be extended.
      In addition, no capital gains tax is sustained genuine estate gotten (if not always transferred) within 2016, and sold at whenever in the future.
      Rates are dependent on a property’s location, quality, distance to the beach, size and plot degree. As a context, the following are rate guides for primarily brand-new residential or commercial properties (prices for re-sales would be lower): Villas with swimming pool– 100m2, two-bedroom rental property with a swimming pool: EUR 150,000-EUR 250,000– 125m2, three-bedroom rental property with a pool: EUR250,000-EUR 400,000 Homes with facilities– 90m2, two-bedroom flat: EUR180,000– 110m2, three-bedroom flat: EUR 220,000 Workplaces– Newer, high-tech at EUR3,000 a month (rental at EUR15 per m2.) Older at EUR2,000 a month (leasing at EUR 10 per m2) The above rates do not reflect those of residential or commercial properties in Nicosia, where costs are in between 10% -15% lower than elsewhere. Luxury/beach accommodation Beach villas: EUR5,000-EUR 10,000 per m2 Beach apartments– EUR3,000-EUR4,000 per m2 Less popular/non-beach tourist locations are estimated at 25% -35% less.

    If you are prepared to invest in property in Cyprus, you are absolutely on the right track. You will find beneficial conditions and fantastic value for your cash.

    For many years, Cyprus has actually ended up being an enticing traveler and vacation resort in terms of the global market.
    Foreign visitors are on the rise, comprising primarily of Europeans, with the British market controlling (accounting for approximately 40% of tourists), trailed nowadays by the Russian market at 20%, with other European markets in pursuit.

    As the Mediterranean’s third largest island, it is especially attractive for vacationing households, though there are hot-spots for more youthful and unattached travelers as well– minimal to specific towns and localities. And, being a previous British nest, Cyprus has embraced many of the UK’s custom-mades, along with legal and other treatments.

    Finally Factors purchase Cyprus property the growing variety of airlines connecting to Cyprus, together with the federal government’s brand-new open skies policy are likewise enhancing the island’s popularity. Meanwhile, deflation has reduced the island’s cost of living index, to rank it 12th in the EU. So, for those on the hunt, it’s absolutely worth paying a visit to a variety of local residential or commercial properties, to get a first-hand take a look at what the island’s property market can use.

    Buy Property in Cyprus and Obtain EU Citizenship for the Entire Family

    Buy Property in Cyprus and Obtain EU Citizenship

    CYPRUS CITIZENSHIP

    MINIMUM INVESTMENT EUR 2,200,000
    BECOME AN EU CITIZEN IN SIMPLY 6 MONTHS
    RELOCATE TO THE UK AND START YOUR JOURNEY TO UK CITIZENSHIP
    VISA FREE TRAVEL TO 173 COUNTRIES, INCLUDING UK & EU

    According to the Cypriot Citizenship by Financial Investment (CBI) program, you can acquire a passport of Cyprus by buying local property. Financial investment migration experts of Astons share the essential advantages of buying realty in this nation.

    1. Invest in Cypriot property and unlock visa-free travel globally

      The citizenship of Cyprus enables you to cross the borders of 173 countries without a visa, consisting of the EU and the UK You will get a right to live, work and study in any of the 28 EU countries according to your choice.

    2. Purchase Cypriot property and relocate to the UK.

      The passport of Cyprus allows you to relocate to the UK and then, if all the migration requirements are satisfied, look for the British residency (in 5 years) and citizenship (in six years). Considering that Cyprus is a member of the British Commonwealth and has strong ties with the UK, this opportunity will remain in place even after Brexit.

    3. Purchase property in Cyprus and get passports for the whole household

      CBI of Cyprus enables main candidates to acquire citizenship for their family members: spouse, economically reliant kids under 28 and moms and dads. The citizenship of Cyprus is given for life and it can be handed down by inheritance.

    4. Purchase property in Cyprus and become a EU person in simply 180 days

      After you obtain the Cypriot citizenship, you will get the passport of this EU nation in 180 – 220 days (whereas you’ll get a house license in just one week). Astons’ skilled lawyers will guide you through the whole migration process and assist you achieve the guaranteed result.

    5. Invest into Cypriot property and earn a profit

      The most popular choice to get a Cypriot passport is by investing EUR2,000,000 in house (and make a non-refundable donation of EUR150,000). The rules of this immigration programme enable you to exit the financial investment in five years – given that you’ll remain a proprietor of Cypriot residential property valued at EUR500,000 onwards.
      Most often, foreign candidates purchase rental properties, apartment or condos and seaside resorts that can be let for rent and cost an excellent price later on. According to specialist price quotes, the majority of sale-purchase offers represent Limassol residential or commercial properties, and the rent earnings vary in between 4.7 and 5.6 percent.

    Buy Property in Cyprus

    Buy Property in Cyprus

    Buy property in Cyprus means visa on arrival. If you are not coming to Cyprus for an extended stay and are looking for property to buy, you can apply for a temporary resident visa and purchase a home or apartment from a local developer. The property will be owned by the developer and you will still need to pay the mortgage if you are going to stay longer in Cyprus. If you are a family member with children then you can apply for a family member’s visa on arrival.

    The family visa allows you to stay for up to six months in Cyprus. This is the longest length of stay possible if you are buying property as an investment. Family visa holders have no other rights to rent the property they own but are allowed to live there for six months.

    If you are looking to buy property in Cyprus, then you can apply for short-term visa on arrival. This applies if you are planning to stay less than six months in Cyprus. The only difference is that the cost of your mortgage is not taken into account when you apply for the short-term visa.

    Once you are granted a temporary residence, you can choose to rent the property you purchased. However, it is important to note that the longer you stay in Cyprus the lower your rent will become. The longer you stay the more you are likely to be charged. If you are a student then you may want to consider staying in Cyprus for two or three years before you decide if it is right for you. It is also possible to take courses for longer periods in Cyprus.

    For long-term residence, if you have children, then you are required to apply for a long-term residence visa. You will need to pay a certain amount of money to rent the property. You may be charged an upfront fee and then have to pay extra for any security deposits if you decide to stay for longer than six months. If you are planning to stay longer than this time, it is advisable that you book in advance so that you do not overstay.

    When looking to buy property in Cyprus, it is important to note that properties in the north east of Cyprus, such as Nicosia, are very popular for the majority of tourists. However, properties in the south east of Cyprus, including Limassol, are generally cheaper. As far as prices are concerned, properties in the south of Cyprus tend to be the most expensive as the land is further away from the sea. If you are planning on buying a property in Cyprus, you will want to make sure that you shop around and compare properties in order to get the best price.

    You can buy property in Cyprus as well as renting it out. Again, you have two ways to go about this. The first is to go in for the option that allows you to buy property that is already on the market. This means that you can pick up the property at a good price and then fix the mortgage before you’ve even started your own business. While you could of course do this through a bank or a private lender, you may be surprised to learn just how cheap property can be in Cyprus.

    Another way to go about buying property here is to do it through an agent, or as an independent contractor. You’ll have to pay for the service of an agent or contractor, but you can be sure that their knowledge and experience will make it easier for you to buy property in Cyprus. An agent will also be able to show you properties on the open market, meaning that they’ll be able to show you properties that aren’t even advertised.

    What Do I Have To Know If I Want To Buy Property In Cyprus?

    What Do I Have To Know If I Want To Buy Property In Cyprus?

    Buy property in Cyprus means you get a property permit [short/long term depending on your residency] with a house to rent as per your requirements. Family members are also included in this permit. This will allow you to buy property and stay for as long as you want in Cyprus. There are no restrictions on the number of times you can stay in Cyprus. If you are on a permanent relocation or if you want to buy property for investment purposes, you can buy a property on an immovable basis and stay there indefinitely.

    Buy property in Cyprus means you get a property permit with a house to rent as per your needs. Family members are also included in this permit. This will allow you to buy property and stay there indefinitely. There are no restrictions on the number of times you can stay in Cyprus. If you are on a permanent relocation or if you want to buy property for investment purposes, you can buy a property on an immovable basis and stay there indefinitely. In the majority of countries, there is an immovable basis. This means that you cannot choose where you want to live permanently and it depends on the rules of the country.

    If you buy property in Cyprus, you will be able to stay there indefinitely. It is possible to get a Cyprus Property Registration if you have a permanent residence. The registration is necessary in order to buy a property or rent in Cyprus. You can find this information on the Internet. The application form can be filled by you, or you can have a solicitor to fill the application form for you.

    It is easy to buy property. There are many types of properties for sale in Cyprus. Most of these properties come on fixed and immovable basis. The owner has to purchase the property in a bank or an official agent of the local real estate authority. This is the same process if you wish to buy property on an immovable basis. To rent a house in Cyprus means you will have to pay to rent it on a monthly basis.

    To buy property in Cyprus, the price of property depends on the area where it is located. If the property is located in an affluent area, the price of the property will be higher than if it is located in a rural area. The price of real estate also depends on the condition of the property. It is a good idea to take a look at all the available properties in the area to see if you like it and how it is priced.

    There are many things that can affect the value of a property. It is a good idea to see if the area is being developed and if there are schools nearby. A new road could improve the property’s value. It is a good idea to have a look around and see if the area is safe to live in. It is important to see if the area has any crime. It is also good to check the rates of the area if you want to buy a property.

    Real Estate Agents Are Good For Buying Property

    The property for sale in Cyprus, like all properties around the world, may vary based on the location of the property, the current property market in Cyprus, and the time of the year. The current property market in Cyprus is currently facing the lowest number of transactions since the beginning of the economic crisis in 2020. Many people are considering buying property in Cyprus if they plan on moving in during the months to come.

    Buying real estate entails a house visa [short/long term depending on your staying time] or family includes as part of the visa. Temporary residence permits are available for both short-term and permanent stay for a limited time period depending on the time period.

    The property market in Cyprus is facing slowest and weakest growth rate in the last two decades. The reason for this is the instability caused by the Cyprus crisis.

    The property market is also affected by the government’s efforts to reduce the price of real estate by reducing its vacancy rate. This will lower the price of homes and properties that are on the verge of being sold.

    The next few years are likely to see the real estate market is experiencing the biggest boom yet. The government of Cyprus is making it more affordable for many people to purchase their own home. Most properties in Cyprus are offered at prices below market value.

    There is one drawback to the property market in Cyprus and that is that it is considered a very high-risk investment. This means that there may be certain restrictions to purchasing properties in Cyprus. For example, the banks require that you purchase a minimum amount of the property before you can take possession of it. In addition, certain aspects of the property market in Cyprus may not be available when the property market in Cyprus is undergoing some major changes in terms of taxation or property values.

    Property for sale in Cyprus has been on the increase since the onset of the Cyprus crisis. Many property agents have recently reported increased demand for properties and increased demand for property agents.

    It is recommended talk with a Cyprus estate agent about the best area for your property search. The agent will be able to guide you and help you with the best neighborhoods in Cyprus. It is always advisable to contact a Cyprus estate agent before you actually make any purchase. The estate agent will be able to help you with the various procedures involved in purchasing a property and the different types of options you have.

    A property agent can advise you on all of the different options available to purchase a home. They can also provide a lot of information regarding the different types of financing options available. An estate agent will also have a good understanding of the current value of homes in the area. They will have a better understanding of the current and future property values.

    Where to Buy Property in Cyprus

    Where to buy property in Cyprus is something that a lot of people look at when they want to buy a house in Cyprus. But the best place to buy property in Cyprus is actually at a private villa which will give you privacy and comfort. You can stay in a private villa and you won’t have to share your home with others if you don’t want to do so. Private villas are often cheaper than apartments and villas in Cyprus.

    Residential property in Cyprus is available for purchase on both sides of the island. Both sides have beautiful beaches and beautiful surrounding areas to make for great vacation spots. Buy property in Cyprus with family members and then rent it out to tourists during your stay in Cyprus. The property value is gradually increasing and is expected to continue to rise. Selling property in Cyprus is also possible if you purchase a house in the middle of nowhere but the property value will drop dramatically once the tourist season has passed.

    Holiday property in Cyprus is also another option for investment. Holiday homes can be bought by families or individuals who want to rent them out during their holidays. Buying holiday property for yourself and renting it out can give you the chance to earn even more than if you were renting out your own home during your holiday.

    Property values are increasing, as are the numbers of people who are investing in property. Many families buy property in Cyprus with the hope of making their first investment. If you are considering investing, it is important to ensure you know what you are doing before you start buying.

    Which City to Buy Property in Cyprus?

    There are many people that want to know which city to buy property in Cyprus and this is a question that will only be answered by the person that you ask. You cannot make a decision for them based on someone’s opinion or someone else’s. You need to take some time to really think about whether this is something you are going to want to do or not.

    When thinking about which city to buy property in Cyprus, there are two main places that have some of the best properties available. The most popular one would be Nicosia. Here you will find many apartments and villas that can give you a great place to live.

    Another place to consider when considering where to buy property in Cyprus is Tallinn. Here you will be able to find some very luxurious apartments. Most people will agree that there is nothing like living in a nice apartment in a great location.

    So if you are wondering where to buy property in Cyprus then the best place to start is Nicosia. The downside to living here though is that it is very expensive and you need to do your research before you make any decisions. If you are worried about paying too much, then the next thing you need to decide is whether you are going to want to stay in Cyprus or if you want to move elsewhere.

    Whether you decide to move elsewhere or stay in Cyprus is something that you need to make some decisions about. There are both pros and cons to doing either of these things. If you decide to move somewhere else, you will need to plan carefully how you are going to pay for the place that you are staying in. You should also consider what is going to happen if you get sick or if you have an accident.

    You also need to think about what you will be using the money you get from buying property in Cyprus for. You can use the money to go on holiday but you can also use it to pay down some bills and other bills so you will be saving a lot of money in the long run.

    Once you have made some choices about where to buy property in Cyprus, then it is time to put some money aside so that you have enough to live your own personal life. If you don’t plan well, then you could end up having a lot more expenses than you planned. This is why it is important to have money ready to last a while.

    Make sure that you are aware of any discounts that are available in the area that you are looking at. You can also read up on how much money is available to you. This way you will be able to make sure that you are getting the best deal possible. When you are buying property in Cyprus.

    For more information please check Cyprus Government website.