Investment Real Estate In Cyprus
Property investors looking for overseas property for investment, then Cyrus could be for you. The all year round sunshine offers both long term residency and short term summer lets. Selective properties can be used for 6 month terms winter lets and short lucrative summer holiday lets.
Cyprus is often named the Friendly Island and has the advantage of sitting at the meeting point of three continents; Europe, Africa and Asia, which makes it perfectly positioned for travel and business. In terms of area and population Cyprus is the third largest island in the Mediterranean, after the Italian islands of Sicily and Sardinia.
Cyprus has recently been designated the 5th best relocation destination in the world by a report published by Knight Frank, a leading independent, global real estate consultancy firm. Ranked by key business and leisure indicators, Cyprus was the only European country alongside Switzerland to make it into the top five – ahead of London, Madrid and Monaco.
With an average 325 days of sunshine a year, it’s not surprizing Cyprus is a popular destination for holidays and permanent residence. The easy and laid back Cyprus lifestyle involves many outdoor activities, from water sports, golf, great leisurely coastal walking to Alfresco dining.
Member of the European Union
On the 1st of May 2004 the Republic of Cyprus became a full member of the European Union and on 1 January 2008 joined the euro-system and introduced the Euro as its official currency, replacing the Cyprus pound as the unit of account.
With its warm and stable climate and convenient geographical position Cyprus is considered an attractive place for residence. At least 325 days of sunshine a year classify the island as one of the sunniest European locations.