Living in the European Union is a dream for lots of people. And the republic of Cyprus is one of the best places in the EU to live. Due to the geographical location, it has a good reputation for tourists and businessmen.
So, if you own a bulk amount of money, then invest it in Cyprus properties. There are plenty of websites which are offering a great deal for properties in Cyprus.
Still, doubting whether you should get properties from Cyprus or not? Let us show you why you should have your property in Cyprus.
Benefits of Having Your Properties in Cyprus
Cyprus is considered a piece of paradise because of its gorgeous beaches, reasonable lifestyle, budgeted luxurious villas. Every year a large number of non-European go to Cyprus just to pay a visit.
After visiting, they observe the beauty of Cyprus closely and have a desire to live there. Regardless, there are many more benefits that may force you to live in Cyprus.
Cyprus has affordable residential properties.
The prices for residential, real estate and other properties in Cyprus are far affordable. If you have €160k, you can be the owner of a two-room house in Paphos, Cyprus.
You have to spend €180k-350k to get a villa with two rooms to five rooms. Some people like the swimming pool with his residential house. If you also love it, you may invest in a three-room villa with a swimming pool which costs only €220.
However, we just have included the latest price for the Cyprus properties. But it may vary based on the Cyprus cities and times.
Cyprus provides secure European citizenship.
Getting citizenship in the Republic of Cyprus is comparatively easier than the other European countries. If you have at least a property or some land in this country, you’ll get a permanent residency.
Cyprus imposes low property taxes.
Lower property tax is another advantage that the republic of Cyprus offers to its investors. The standard VAT rate for residential properties in Cyprus is 19% which may reduce on some conditions.
Verily, it is a lower tax rate compared to lots of the developed countries in the EU.
Cyprus has world-class beaches.
Needless to say, Cyprus has world-class beaches, which always attracts travelers. You can spend hours after hours under the sun of the beach where there is gentle air. If you want to spend time with these beaches calmly, buy a residential property in Cyprus to stay.
Cyprus has a good climate and a healthy environment.
Cyprus gets 320 sunny days in a year as it has a subtropical climate. Unlike the other EU countries, snow doesn’t cover the country in winter. To feel the snowfall, you have to go to the Troodos mountains to Cyprus’s central part.
Despite being sunny, the weather of this country is appealing. It is neat and clean as there is no industry for causing air pollution. The under-quality vehicle is never seen through on the road, and the vehicle uses EU-graded petro/diesel.
Who doesn’t want to get the entire view of Europe? Of course, everyone does! Making a home to a developed country like Cyprus will give you this opportunity.
Cyprus links the other parts of Europe through easy transportation. So, every month you can give a tour to the EU countries without wasting time on visas.
Not only tour, but you can also move goods, services, even yourself permanently to other countries of Europe. Including the EU countries, you can visit around 173 countries around the world with the Cyprus visa.
Cyprus has a very lower unemployment rate.
Cyprus has a very poor unemployment rate which results in lower crime. Indeed, a lower crime rate is crucial for living a happy and peaceful life.
The sum up!
Cyprus is an amazing place to live. Once you start living there, you never would want to go back. So, if you choose Cyprus from the EU to live in, this would be your best decision ever.
Because properties here are you’ll get in a nominal rate, whether it is rented or purchased. Moreover, the climate and environment of the country are also very nice as expected. So you can live a developed and better life in Cyprus if you have a residence here.
Table of Content
- 1 Benefits of Having Your Properties in Cyprus
- 1.1 Cyprus has affordable residential properties.
- 1.2 Cyprus provides secure European citizenship.
- 1.3 Cyprus imposes low property taxes.
- 1.4 Cyprus has world-class beaches.
- 1.5 Cyprus has a good climate and a healthy environment.
- 1.6 Cyprus links to the other parts of Europe with easy transportation.
- 1.7 Cyprus has a very lower unemployment rate.
- 2 The sum up!