As the largest island in the eastern Mediterranean, yet the third smallest country in the European Union(EU), Cyprus offers attractive investment opportunities through its citizenship by investment programme for those looking for a good rand hedge and solid returns.
Traditionally, Cyprus has been a sought after location for overseas buyers looking for a second (holiday) home or investment property. The Cyprus property market has regained relatively stability after a downturn which was primarily caused by the global financial crisis. Cyprus property investment can provide good value and, in comparison to some other European countries can provide foreign investors a safe return on investment. The market on the island is buoyed by the government’s increased investment in infrastructure and the five new approved marinas and golf courses that are being developed.
For the shrewd and careful investor, investing in Cyprus property is one of immense potential. There are some important pitfalls to be avoided, however, with the help of the right investment house to carry out the essential due diligence and to identify the best and safest deals, Cyprus property is more than capable of justifying its status as one of Britain’s favourite property investment destinations.
For Britons in particular, the country is as welcoming as it is financially appealing. English is widely spoken – it appears on road signs and public notices almost everywhere – and vehicles drive on the left, making it all feel extremely comforting and familiar.
Whether you are looking to invest, relocate or buy second home we can help you choose the right property using our links in UK and Cyprus.