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Real Estate

Northern Cyprus – a pearl of the Mediterranean, but a visa-free area. It is a visa-free entry, combined with an ideal climate make the real estate Northern Cyprus especially attractive for those who want to safely invest in property abroad. Another advantage is that compared with the real estate other Mediterranean countries (relevant to the EU), North Cyprus Properties is a very affordable price.
Investment attractiveness of Cyprus – an extremely attractive place for those who want to have a second home and invest in overseas real estate market.

Branch real estate in Cyprus has exceptional potential, interesting to foreign buyers wishing to invest in property in Cyprus. The very location of the island for the benefit of investing because it is located strategically at the crossroads of Asia, Europe and Africa. According to a recent annual report on European real estate market, Royal Institute of Inspectors, the increase in capital in 2007 increased on average by 20% – one of the largest and fastest growing in Europe. It is anticipated that tourism will grow by 4.6% over the next 10 years, contributing approximately 13.9% of gross domestic product by 2014. This is good news for property investors seeking a more stable market. Cyprus inherited the British legal system, which makes Cyprus an even more comfortable to invest capital.

Low tax rates. Cyprus – a member of the European Union in May 2004 and offers one of the lowest tax rates in the EU. This includes the Double Tax Agreement with the United Kingdom and much more. The existence of a tax on capital gains, which is only 20% and corporate tax for Cypriot limited companies, which is only 10% make Cyprus an attractive place for investors. Foreign residents permanently residing in Cyprus pay only 5% of the general tariff rate of income tax.

Mortgages for buying property in Cyprus. The British banking system in Cyprus makes the choice of credit and managing your money very comfortable. The banks offer mortgages to 25 years with a minimum interest rate, and the whole procedure takes no more than a month.
Safety buying property in Cyprus. Very well-organized land registration with simple and well-calculating procedures makes buying property a safe choice.

Getting a residence permit. Buying property in Cyprus is the basis for obtaining a residence permit in Cyprus.

And in conclusion:
Real Estate Market in Northern Cyprus has become one of the fastest growing and profitable markets for the Mediterranean. Real estate here is just worth the money, which sold for similar installations in Spain, France or the Algarve sometimes more than 3 times more expensive. Consequently, it is important to realize that investors – both local and foreign, to buy a new perspective on the real estate market, in anticipation of good earnings. In addition to the entire process of buying a property in Northern Cyprus is simple, transparent and reliable, because the legal system here is set up similar to the British legal system, one of the oldest and proven legal systems in the world. This allows foreign investors freely and safely to make deals on real estate. All of the above, coupled with the excellent location of the country means that the possibility of receiving an excellent return on investment is steadily growing.