Is Cyprus suitable for real estate investment? Are there any restrictions on buying a property in Cyprus?

Cyprus offers the most cost-effective investment immigration projects on the market. Local immigration policy states that as long as the applicant purchased a property in Cyprus of more than 300,000 euros, the whole family can obtain permanent residence. Cyprus is an island country in Mediterranean Sea with a pleasant subtropical climate on all its territory. A unique combination of the sea with mountains creates eye beautiful scenery for everyone. That's one of the reasons that usually Cyprus has a large number of tourists throughout the whole year. The demand for rental houses is also high, and the rental rate of houses are high too.

Weather

The summer is hot and dry, and the winter is warm and humid. There are more than 300 sunny days throughout the year. Therefore, even in the cold winter, under sunny weather, it’s not very cold, which is one of the reasons why Cyprus is loved by many outdoor enthusiasts.

Social environment

On this small and wealthy island, the folk customs are extremely simple. Cypriots like to socialize, treat others honestly, generously, enthusiastically, and don't pay attention to red tape, which will make the tourists outside have a sense of familiarity. Cypriots invite you to dinner, if there is no special reason, it is best not to refuse. There is a saying on the island: It is impolite to leave the coffee before it gets cold.

Overseas tourists may also consider security issues when visiting abroad, but in Cyprus there is no need to worry, because the crime rate in Cyprus is the lowest in the EU countries.

Standard of living and social welfare

The main products of Cyprus include olive oil, wine, citrus, etc. Cyprus is one of the countries with a very low cost of living among EU countries, and there is no need to worry about food safety in Cyprus.

In Cyprus, on average, 2.2 people own 1 car, every 375 people have 1 doctor, every 240 people have 1 hospital bed, every 1,000 people have 1115 mobile phones, and 20% of households use broadband Internet access, fixed-line telephones and Mobile communication costs are low, and more than 60% of people travel abroad every year.

Cyprus is a developed country with a complete medical system, and the most attractive thing is that it is free! Cyprus is such an attractive country!

Educational sector

Elementary and junior high schools in Cyprus implement compulsory education, and the education rate of the population over 15 years old is 97%. According to external data, education expenditures account for about 7% of the government budget, ranking second in the EU.

Cyprus citizens can freely choose to study in EU countries such as France and Germany. The tuition fee is about 1/2 of that of ordinary international students. The Commonwealth education system is adopted, and degrees and credits are mutually recognized with British and American schools. It is a low score to enter Cambridge, Oxford and other famous European schools Springboard.

Taxation

After Cyprus joined the EU in 2004, its tax management system has undergone substantial reforms, which not only conforms to EU regulations, but also fully complies with OECD commitment requirements.

In Cyprus, the corporate tax rate is 12.5%, which is one of the three countries with the lowest taxes among EU member states. This is also one of the biggest attractions that attract many overseas businesspeople to enter for business.

Due to Cyprus’ huge natural and social environment, and the strong attraction of its taxation policies, house-buying immigrants in Cyprus have become one of the most cost-effective and most popular projects in Cyprus.

Foreigners buying real estate in Cyprus can invest in real estate, such as residential properties, shops, etc., according to their personal needs, or rent them out to obtain income without special restrictions.

Investing in Cyprus property in Cyprus also has the following advantages:

1. Beautiful scenery: most properties are surrounded by mountains and seas;


2. Price economy: Compared with other European countries, the price of real estate in Cyprus is low, and a sea-view house of about 100 square meters is about 150,000 euros;


3. The best time to buy: The real estate market in Cyprus has picked up and is expected to increase significantly.


4. High rental income: Cyprus has a large number of tourists throughout the year, and the demand for rental housing is large. The annual rental income is 4%-7%;


5. Supporting facilities: parking spaces, swimming pools, supermarkets, entertainment and fitness facilities are complete.

If you want to buy real estate in Cyprus, you must choose a reliable real estate company, so that you can save time, effort and peace of mind.

Prime Property Group is a pioneer in the real estate development field, providing one-stop services including real estate development and property management to the real estate market and its target customers. And the core advantage of Prime Property Group lies in the fact that this company is not only a real estate agent, but also a real estate developer. It has super economic strength and brand service awareness. It provides relevant services to international customers. Consultancy services on all matters of real estate and construction projects in Cyprus, including tailor-made villas, new apartments or town-houses, or projects adjacent to golf clubs.

Please contact Prime Property Group (https://www.prime-property.com/en/Contacts/)for detailed information about rent, sale or property management or immigration services.