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Discover Your Ultimate Cyprus Property

CENTURY21 Cyprus, is your best partner in making your home ownership dream come true.

CYPRUS CITIZENSHIP BY INVESTMENT

CENTURY21 Cyprus, is your best partner in making your home ownership dream come true.

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Why Invest in Cyprus Property?

Investing in property is one of the wisest decisions you can ever make. Nothing compares to the idea of owning a piece of land, an apartment or a villa. It always feels good coming back to a home that you own. It also feels great seeing your investment grow. Cyprus is one of the fastest-growing real estate markets in Europe. In fact, the number of projects coming up in major centers like Nicosia and Limassol is continually increasing. If you are considering to invest in Cyprus property, CENTURY21 is your preferred partner.

CENTURY21 is a leading provider of real estate solutions in Cyprus. We are part of the largest real estate organizations in the world. Our agents have an in-depth understanding of the Cyprus property industry. Their insights are backed by decades of experience in the sector and unparalleled expertise in the commercial and residential sectors.

Cyprus is a small country in the Mediterranean. It is the third-biggest island in the Mediterranean, and has a population of slightly above 1 million people. The island is located at the intersection of Africa, Asia, and Europe. The proximity to the three continents has made it a preferred destination for many international organizations.

Cyprus is also known for its friendliness to businesses. The country is a well-known tax haven, that is home to many international companies. Cyprus has a corporate tax rate of 12%, which is the lowest among other members of the European Union. The average tax rate in the EU is 22%.

Meanwhile, Cyprus has one of the lowest Value-Added Tax (VAT) in the European Union. The government has also put in place a number of incentives that are meant to attract companies in the country.

Weather is a major reason why most people are investing in Cyprus property. Cyprus is known for its warm weather. In fact, it has one of the warmest countries in the European Union. It does not suffer from extreme winters. This has made it an attractive destination among retirees.

Cyprus also matters because of its huge economic potential. For example, the tourism industry is booming. This has led to an increased demand for quality Cyprus property like vacation rentals and seaside apartments.

Another reason why Cyprus matters is because of its geopolitical importance. Cyprus has been voted as one of the safest countries in the world. It is also well-known as a great destination for retirees escaping the expensive lifestyles in key cities like Paris and London.

The Cyprus property sector is one of the shining stars in the Cyprus economy. As the leading property group in Cyprus, we have seen first-hand this growth. Multiple reports from recognized brands like KPMG have confirmed this. In 2019, the real estate sector grew by almost 4%. This was significantly higher than the European Union average. The Cyprus property sector represents more than 35% of the country’s GDP.

There are several reasons that are attributed to this growth. First, the cost of borrowing has fallen significantly. As such, developers and property buyers are finding it relatively easy to invest in the country’s property market.

Second, the Cypriot government has made the environment conducive for international companies to establish their branches in the country. It has done this by lowering corporate tax and by forming a large network of double tax treaties. It has these treaties with more than 80 countries.

Third, the government has deregulated the construction industry. The current regulatory approach is closely aligned with the English common law. This has made it easier for developers to develop faster. It has also lowered the cost and time of doing business.

Fourth, Cyprus is known for its small size. The country has a population of slightly above a million people. Also, its cities are relatively close to one other. Most of these cities, including Limassol, Paphos, Famagusta, and Larnaca are near a coastline. A combination of Cyprus’ small size and wonderful beaches makes Cyprus a great place for retirees and leisure travelers. In fact, its beaches have been voted as being the cleanest around the world.

There are other reasons why Cyprus matters such as its easier migration process. It is very easy to get an investment passport or permanent residence. Cyprus also has great infrastructure, which helps to reduce the cost of living. It is also a leading tourism island that attracts thousands of travelers every year.

Foreigners are the biggest consumers of Cyprus property. Over the years, the number of foreigners moving to Cyprus has continued to grow. Most of these foreigners come to the country to do business. Others buy Cyprus properties for investment purposes. A substantial number of Cyprus property buyers are foreign retirees.

The Cyprus passport by investment is a key factor that is contributing to the success of the real estate sector in the country. This is a passport that is offered by the country to entice wealthy foreign investors to move into the country. In the past seven years, more than 4000 investment passports have been given out to foreigners. This number is expected to increase over the years.

The Cyprus passport by investment is given to foreigners who invest at least €2 million or $2.2 million in the country. They can invest in liquid investments like Cypriot stocks or Cyprus companies. Recipients become Cyprus citizens without losing their original citizenship. This citizenship offer extends to their family members as well. As Cypriot citizens, these people become members of the European Union. As such, they can do business and live anywhere in the union.

Another way of moving to Cyprus is by getting a permanent residency. This residency is given to people who invest at least €300k in real estate or in a Cypriot company. The residency certificate is given in about two months.

A very common reason why most people are buying Cyprus property is for investment. In the past few years, most foreigners have scooped many properties and leased or sold them. This is because they understand how lucrative the Cyprus real estate industry is. They also understand its potential. Indeed, many reports have highlighted just how successful real estate in Cyprus is. For example, the average annual yield of Cyprus property rentals is between 4.7% and 5.6%. The average yield of Cyprus commercial property is between 4% and 7%. These are among the biggest yields in Europe.

There are many types of investors in the Cyprus real estate industry. There are investors who are buying apartments and converting them into vacation rentals. Other investors are buying properties and selling them within a short period at a profit. Other Cyprus property investors are buying them and leasing to local and foreign customers.

At CENTURY21, we help property investors through their investment journey. We help developers identify land to build their projects in. Our valuers help them know the real value of the land before they acquire it. We also help developers market their properties locally and internationally. We craft their marketing message and help ensure that their properties sell at the right value.

Finally, we help these developers manage their properties. We collect their rent, come up with rental contracts, and ensure that their properties are well-managed. We are a one-stop-shop for all investors’ needs. We are fortunate to call some of the biggest developers in Cyprus our clients.

CENTURY21 is your ideal partner if you want to buy or invest in Cyprus property. We are one of the fastest-growing real estate organizations in Cyprus. We are part of the Realogy, one of the biggest real estate companies that is listed in the New York Stock Exchange. Our Cyprus property agents are some of the best-known in the country.

Our company offers innovative real estate solutions across Cyprus. We help Cyprus property developers sell their property faster by exposing their properties to a global audience. Our other services include property valuation, property maintenance, Cyprus property consulting, and property marketing.

In addition, we help our local and international customers buy their preferred property faster. We have agents in most cities, including Limassol, Paphos, Nicosia, and Famagusta. Our properties include villas, land, apartments, townhouses, offices, commercial centers, shops, and warehouses.

At CENTURY21, we are proud of what we have achieved in the Cyprus property industry. We serve many local and international buyers through our agents. We also have one of the fastest Cyprus property websites in the country with thousands of properties from all cities in Cyprus. We remain hawkish about the state of the sector and are happy to serve and consult with our clients.