Issue Four: Cyprus Living
CYPRUS WEATHERS THE ECONOMIC STORM!
The global financial storm has rocked the investment world and persuaded many towards the safe haven of property investment.
Recent surveys show that 44% of Britons are now rejecting a pension in favour of property investment; however with UK house prices down by 13.9% since 2007 even this market seems uncertain.
The worldwide economic turmoil has cast a shadow over savings, pensions and stocks and shares ensuring that it is not just Britons who are trusting Cyprus with their savings.
Invest In Cyprus
Cyprus has something to offer everyone worldwide from multiple purchases and joint ventures through to providing a haven for relocation and retirement.
Benefits of investing in Cyprus include:
· Cyprus property price growth of 9% from October 2008
· British legal and banking system
· A Capital Gains tax of just 20%
· Only 5% income tax for foreign residents
· Championship golf courses, marinas and a theme park are likely to raise property prices
· 340 days of sunshine per year
· A stable "Buy to Let" property market
· Great private and state education
· Lowest crime rate in Europe
· Low cost of living
· Ideal for conducting business with other EMEA countries
· Modern/inexpensive healthcare
· Expanding airports to accommodate worldwide travel
Philippou Properties are experts in the Cyprus property market and can arrange impartial financial, legal and investment advice.
Our properties are luxurious and superbly positioned so with prices starting at €119,000 they are ideal for investment purposes.
For more information please contact our Cyprus based property team on +357 24 819 590 or free phone 8000 9050 for more information.
