Real estate investments in Cyprus
Cyprus is a tourist pearl and is considered the third largest island in the Mediterranean Sea.
It seems that in recent years, Cyprus has become the preferred destination for foreign investors, such as British, Russians, and Israelis in particular, largely due to the low entry threshold and the opportunity to invest in a country that offers a stable economy and real estate prices that are on an upward trend every year.
In recent years, a significant construction boom has begun in Cyprus, alongside the development of new projects, hotels, and new infrastructure being built, such as coastal roads, shopping malls, and universities. The interest of foreign investors in this picturesque island is no coincidence; it has spurred a real estate momentum and the establishment of investment policies, such as taxation by the authorities, which is entirely favorable to investors.
In recent years, more and more Israelis are finding Cyprus an attractive destination for profitable and stable investment, largely thanks to the following advantages:
An investment close to home will always be preferable for Israelis. It is only a 40-minute flight, making it suitable both for investment and for purchasing a holiday home.
Another advantage is the low real estate prices compared to European countries, making it possible to purchase properties for less than half a million shekels (sometimes without financing).
Cyprus is among the top 5 safest countries in the world. It is consistently ranked among the countries with the lowest crime rates in Europe.
Cyprus offers positive migration of populations from around the world following the high-tech revolution in the country, with only 2.5% corporate tax for high-tech companies.
Foreign investors enjoy yields that can reach between 8-10% and even more. Additionally, the value of properties has increased at a rate of 10% per year in recent years.
The Cypriot government encourages foreign investment by providing tax benefits to investors, with the goal of attracting them to invest and develop the island. In addition to tax benefits, foreign investors can obtain residency on the island (Golden Visa, meaning an investment of a minimum of 300,000 Euros plus VAT grants residency).
Cyprus has an attractive and convenient taxation system for investments. Furthermore, it offers a corporate tax of 12.5%.
Approximately 3.2 million tourists visit Cyprus every year. In addition, Cyprus has established the largest casino in Europe, which attracts many tourists, as well as a large water park. One marina has been established in Limassol, and another marina will be built later in Larnaca.
- Cyprus is a member of the European Union.
- The economy in Cyprus is very strong.
- Comfortable, Mediterranean climate.
ICB GROUP initiates real estate projects in (Greek) Cyprus and supports investors from the investment planning stage until key handover.
