Cyprus has everything that makes the Mediterranean such an attractive place for holiday homes, investments or retirement homes, with 340 days of sunshine a year, an enviably high standard but low cost of living, an average couple can live comfortably on an average of £500 per month. Also enjoyed is a very low crime rate and exceptionally friendly and welcoming people.

Cyprus is now enjoying a property boom with annual house prices running at 20%+. Prices are being pulled up by demand for property from investors worldwide with the increases in demand accelerating now that Cyprus is a member of the European Union. Property purchase fees are amongst the lowest in Europe.

Of particular interest to investors, Cyrus enjoys a comparatively low rate of taxation including a Double Taxation Treaty with the UK. Capital gains tax is only 20% and corporation tax for Cypriot limited companies (though which you can own properties and contracts) is only 10%. UK pensions can be received on the island free of UK withholding tax and foreign residents residing in Cyprus pay only a 5% flat rate of income tax.

The British based legal system and one of the most efficient systems of land registry in the world mean that your purchase is straightforward and assured. Your chosen lawyer will speak English and the processes will be familiar. Then when it comes to choosing mortgages and managing your money in Cyprus, the British based banking system helps here too.

Quality property in Cyprus is very popular for letting or selling to the UK, Cypriot or wider European holiday or second home market. The potential financial return for well marketed, quality accommodation in a setting with year-round appeal is excellent and can be well in excess of traditional buy-to-let investments.