Would you invest in a land or a house in Cyprus? This is a pretty important question for anyone who loves property investments, who lives in Cyprus and for all entrepreneurs. If you do fall in any of these categories and haven’t given property investing in Cyprus thought then now is the time to start setting your focus on this Mediterranean island.
Property investments are some of the best investment types you can possibly make for a stable and secure financial future. Plenty of people who take the risk of investing in this beautiful island reap incredible benefits like the following;
- Strategic geographic location – Cyprus is located between Europe, Asia, and Africa and draws in prospective investors and buyers from all of these regions. This central location also enhances the economic future of the country.
- Eurozone Member – Cyprus joined the Europe division in 2004 which greatly eases the process of investing if you live in Europe.
- English business language – This is another big positive point of this fantastic Island. Cyprus uses English for all business transactions which make it much easier to understand those challenging sales or purchase agreements and contracts.
- A pretty stable future – Between 2009 and 2016 property didn’t do quite as well but since 2017 values have started spiking once again. With steady investment programmes available for foreigners and many multimillion Euro property sales over the past year the economic future of this island is pretty bright.
- Citizen by investment programme – The Citizenship by investment programme is superb for anyone who wants to relocate to this beautiful location because you get fast trek citizenship if you invest in property or businesses.
- A house is always an asset – Buying a home is the best lifetime asset you can possibly make. You can always sell at a profit at a later stage or use your home as a business by leasing it out. But the biggest asset of buying a home in Cyprus is the fact that you will have a stable home in which you can retire with no monthly rental expenses that need to be covered out of your pension fund.
- Rental yields are good – If you are investing in land or a home with the prospect to rent then this can be a pretty steady investment, especially if you invest in popular areas like Nicosia. Depending on the location your property returns is very likely to be very good.
With benefits like these, it is clear that investing in Cyprus is definitely a good idea and should be considered by anyone who is looking for a stable investment.
Want to buy land or a house in Cyprus?
If you want to invest in land or a home in Cyprus then you should work with estate attorneys that are experts in Cyprus property law. We can help you with various aspects of your property such as negotiations, legal guidance, legal property transfer, closing documents, title insurance policies, title searches, land registry services and so much more. With our real estate lawyers at your side, you can safely invest in Cyprus and enjoy great financial benefits in just a few years.
