Real Estate Cyprus
The island of Cyprus is situated in the Mediterranean, at the heart of three continents; Europe, Africa and Asia. With over 300 days of sunshine a year, Cyprus is a perfect place to have a home or business.
The island has some of the best beaches in the world and scenic mountains to catch your breath. Cyprus is currently voted as the 5th safest country in the world.
This English and Greek speaking country has a favourable tax regime, highly qualified labour force and a fully developed infrastructure to support. Schools work on either Greek, English or American systems allowing acceptance into worldwide universities.
Cyprus joined the European Union in 2004 and adopted the Euro in 2008.
The Economy of Cyprus
Cyprus has gone through it’s most difficult decade in its financial history, however, has returned to growth since 2015. It is currently ranked as one of the fastest growing European economies.
Cyprus is undergoing fundamental structural changes whereby a considerable number of industries are being privatised and the free market environment is now generating unique opportunities.
Cyprus had exceeded international expectations by turning its economy around in just three years, following a devastating financial crisis and continues to grow at a steady pace. Inward investment is some of the highest at present and continues to grow at an astonishing rate annually. The Department of Lands & Survey recently confirmed that real estate sales grew by 43% in 2016 compared to the previous year.
Future outlook and Opportunities
Millwood Kane has expertise and in-depth knowledge allowing us to access and source all types of real estate from residential, commercial, industrial or land allowing individuals, business and corporations the opportunity to invest in a growing market.
Cyprus has one of the most favourable tax systems in the world through ground breaking incentives. Through our alliances with key partners Millwood Kane International can tie all the necessary elements together to provide outstanding investment outcomes.