Alternative Investor News | Sunday 19th May 2013

Cyprus Investment Guide

Cyprus Investment Guide

Population : 807,000
Capital : Lefkosia
Coastline : 648km
Language : Greek Turkish
Currency : Cyprus Pound
Religion : Christianity, Islam
Government : Republic
GDP per capita : $29,100

The Island of Cyprus

  • Low tax payable on rental income.
  • Good growth since joining the EU.
  • Low property purchase transaction costs.
  • Pro tenant rental market.

Property prices have fallen away in recent years by as much as 30% in some areas of the island. This is in part due to the lack of British buyers, who previously made up over 70% of all foreign buyers in Cyprus.

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