Why choose Cyprus to buy a house?
Cyprus may just be the place for a dream home for sea-, sun-, and summer lovers. With a summer season that lasts an idyllic eight months, Cyprus is one of the warmest countries in the EU. But don't worry, you'll be able to enjoy your second home far longer than that, because the winters are mild thanks to the sub-tropical climate. This increases the holiday season and the opportunities available on the island. Many of our buyers choose to rent their villas through platforms like Airbnb or Booking when not using them.
Tourism is booming, which is a big plus for the savvy property investors. House prices in Cyprus dropped a lot over the years, but people's interest in buying residential real estate did not diminish. When choosing to buy a second home in Cyprus, you'll be able to use it as your private summer house, but also as a rental property, to supplement your income. Another huge advantage is that Cyprus has a transparent buying process, and a transparent tax system.
Our Cyprus Buying Guide comprises an excellent overview of the residential property types, a detailed analysis of the purchasing process in Cyprus, information on the Cyprus Investment Programme and on obtaining Cypriot Citizenship or Permanent Residency.
How can we help?
- We are Savills Associate in Cyprus specializing in the residential market, with years of experience in selling luxury properties on the island. We help high net worth individuals find the most suitable property for them, without the hassle.
- We simplify the property buying process for our clients, and help them save time and money. As some of the most experienced luxury real estate agents on the island, we are devoted to helping investors and private prospects alike, to find the property of their dreams.
- Our Cyprus Buying Guide comprises an excellent overview of the residential property types, a detailed analysis of the purchasing process in Cyprus, information on the Cyprus Investment Programme and on obtaining Cypriot Citizenship or Permanent Residency.
- We have deep knowledge of the local real estate landscape in all cities and regions across Cyprus. We are here to help you filter through the wide selection of high-end homes.
- Just tell us your price range and what criteria the luxury home has to meet. We'll make the home hunting process as comfortable and peaceful as possible. Give us a call to discuss your needs and wishes! Contact us!
Why is Cypriot real estate investment attractive?
There is a series of advantages when investing in Cypriot real estate that attract foreign citizens to buy luxury properties for own use (holiday, retirement, permanent relocation) or investment.
- Safe legal system. Buying properties in Cyprus is secure. The legal system is based on the British legal system and purchasing property in Cyprus is a safe and straightforward process .
- Property ownership. EU citizens can buy any property they want on the island. Non-Eu citizens are also entitled to freehold ownership upon approval from the Council of Ministers. We can guide you through the entire process and necessary legal steps.
- Double tax treaties. The Cyprus has double tax treaties with more than 70 European and non-European countries. The main goal of these treaties is to avoid double taxation.