Climate
The climate of Cyprus makes the island one of the healthiest places in the world, and enjoys the best type of Mediterranean climate with 340 days of bright sunshine annually
Economy
The Cyprus economy is characterized by robustness and macroeconomic stability which is evidenced by the favourable evaluations and comments of the European Commission, the International Monetary Fund and other international organizations. Investors can take advantage of fiscal incentives and a relatively low level of taxation. Foreign investments are most numerous in the service, banking and petroleum sectors. The achievements of the Cyprus economy have been recognized by the European Council, which invited Cyprus to join the EU at the Copenhagen summit of December 2002.
Tourism
Taking advantage of the island's privileged geographical location at the crossroads of three Continents, Cyprus cooperates with neighbouring countries such as Greece, Israel, Lebanon, Syria and Egypt. Cyprus has a strong manufacturing economy (processed foods and beverages, paper, chemicals, textiles, metal products, and refined petroleum) and is considerably more prosperous than Turkey. Tourism has played a major part in the economy and has overcome political instability.
Low cost
The general price level of property in Cyprus has remained very low compared to the UK, or even compared to Spain. A 2 bed apartment with top of the range specifications in a very good area of Limassol is on the market for £84,283. Prices are 20% below market value since all properties available to investors are off-plan with all required permits and permissions already in place. Investments are likely to double, within a period of 12 to 18 months by putting the property back on the market, just before completion.
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