There has never been a better time
to invest in foreign property and nowhere
more so than Cyprus.
From its blue skies to its buoyant economy,
Cyprus represents a lucrative overseas investment
opportunity for a variety of reasons.
What's more, because Fastro Developments LLP
has forged a partnership with one of the principal
property developers on the island, we can
offer a portfolio of properties with outstanding
investment potential.
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Joined the EU on
May 1st 2004 |
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Due to join the Euro
in February 2008 |
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Highly advantageous
tax regime |
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British based legal,
conveyancing and banking system |
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Larnaca & Paphos
Airports being completely rebuilt, doubling
capacity |
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Potential re-unification
with Turkish Cypriot North |
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EU forecasts excellent
economic performance |
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Property demand increasing
from 15-20% per annum |
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Large, growing ex-pat
community |
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Up to 340 rain-free
days per year |
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One of the longest
tourist seasons in Europe |
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13 new golf courses
at either planning or build stage |
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Extremely low crime
rate (just 6% of the European average) |
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Cyprus' accession to the European Union on
May 1st 2004 provided a positive environment
for property investment for a variety of reasons:
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Historically all
new member states have benefited from
a positive macro economic boost |
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Latest Government
economic forecasts: |
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2007 GDP growth of
3.9% |
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2.5% inflation |
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4% unemployment
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Fiscal deficit below
1.5% in 2006 and continuing to fall
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A low interest rate
environment with Euribor and Swiss franc
tracker mortgages available |
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60,000 British ex-pats
provide an attractive community for
UK retirees and a dynamic demand for
quality property in quality areas. |
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The weather, tourism
and British nature of the island appeal
to many affluent buyers. As English
is spoken widely and is the second language,
the appeal is international and not
just confined to the UK. |
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Development locations in Cyprus »
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Home to the main international airport
of Cyprus, Larnaca is ideal for those
who love city life with its exclusive
shopping areas, a delightful sea front
promenade, a busy marina and delicious
international cuisine boasting some
of the best fresh fish restaurants around.
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Steeped in rich history and outstanding
beauty, Paphos has earned its place
on the UNESCO world heritage list of
cultural and natural treasures.
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Probably the fastest growing tourist
area on Cyprus, the Famagusta peninsula
is home to Ayia Napa, Paralimni, Protaras
and Fig Tree Bay. Many are choosing
this area to invest as the potential
gains from the re-unification of Famagusta
could be huge.
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