● The legal system in Cyprus is based on that in the UK – contracts are in English and the buying process is safe and straightforward.
● The Cyprus Land Registry system is one of the most reliable in the world and ensures that purchasers are protected with regard to title.
● Cyprus has an excellent banking network and finance is readily available. Due to the way that the banks in Cyprus finance projects purchasers can be sure that they will be completed.
● There is a government initiative to increase tourism to the Island year on year with a target of 4m over the next five years.
● €640m is currently being spent on both Larnaca and Paphos airports (both are being extended to receive greater numbers of passengers).
● Low cost airlines are beginning to fly into both Larnaca and Paphos airports from April 2008.
● At present, there are 3 golf courses and there are a further 8 being built (the first of which is situated in the next village from this development).
● Major investment planned across the Island including 4 new state of the art marinas in Limassol, Larnaca, Agia Napa and Paphos.
● Cyprus enjoys fantastic year round weather.
● Anglicised culture - You drive on the left hand side of the roads and even the plug sockets are 3-pin UK style.
● Market driven, not only by investors and lifestyle users, but also by local demand.
● As Cyprus is an island, the supply of property is inelastic i.e. in short supply.
All of the above make a very compelling argument for investing in Cyprus. Demand for quality developments is already outstripping supply in many areas. In addition, demand for good quality rental property is also very strong and with the growth indicators highlighted above this looks set to continue.
