Cyprus joined the EU in 2004 and since then, buying real estate in Cyprus has been a lucrative option, attracting capital growth of some 30-40%. Former restrictions on foreign ownership are now lifted and deposit levels for buying real estate in Cyprus have fallen to as low as 10-15% in some areas.
Buying Cyprus real estate represents a popular and affordable decision, particularly amongst UK buyers. Cyprus real estate is regarded as a solid investment for all types of buyers, from large corporations to individuals. Buying real estate in the popular regions of Cyprus offers excellent buy-to-let opportunities, particularly in tourist resorts. With capital growth at around 20% per annum, carefully chosen real estate in Cyprus can produce some excellent returns.
Investors buying real estate in Cyprus tend to concentrate on the south’s Republic of Cyprus, where there are no issues concerning title ownership and the entire process is regarded as safe, tried and tested. When buying real estate in Cyprus, as in anywhere in the world, investors are well advised to employ the services of a good, English speaking lawyer in the area, who will ensure all the necessary documents are in order.
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