Buy-to-Let Cyprus Property

Cyprus property real estate services

How does Cyprus real estate get real? By thinking

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Buy-to-Let Cyprus Property - The Last Three Years: When Cyprus entered the security of the EU (European Union) in May 2004, real estate property prices accelerated their financial returns year on year. This fuelled popularity within buy-to-let investment portfolios, due to the high demand from Europe, mainly the UK, proving a secure investment funnel and capital appreciation.

Buy-to-Let Investments in Cyprus: Depending on your investment return requirement, buy-to-let Cyprus property offers either long-term gains to increase your pension and income with excellent capital appreciation, or short-term gains to maximize capital appreciation for the next buy-to-let Cyprus property purchase.

Tax Residency and Domicile in Cyprus for UK Buy-to-Let Investors

Tax Advantages:

Foreign Investment: Buy-to-Let Cyprus property investments become ‘Foreign Investments' with no Capital Gains Tax.
No Inheritance Tax: Being a permanent resident in Cyprus, you have no inheritance tax, but this has other implications, requiring professional advice. Contact Us.
Capital Sums: No tax on capital sums from approved funds, i.e. pensions.
Profits of Sale: No tax on profits of sale of private companies.
Overseas Dividends: No tax on overseas dividends and interest.
Sale of UK Properties: No tax on profits from the sale of UK properties, including investment properties.
Equities Exempt: Profit from the sale of equities exempt from capital gains tax.
Lump Sums: No tax on lump sums on retirement.
Retirement: Income taxed at 5%.

Rental Market in Cyprus: The expected ROI (return on investment) for the buy-to-let Cyprus property market is averaging 7% gross yield. With professional management, marketing and advertising, this will increase up to 10%. After deduction of management costs, services, repairs and maintenance expenses, this will provide a net return of 5%-7%. We provide rental management services throughout Cyprus although we advise all our clients to use other property managements companies to promote their rental property. Why? So as to spread the advertising to other sources to increase rental occupancy levels, although only one web site may hold the rental calendar, with the other web sites reporting bookings, etc.

Refinancing in Cyprus: This is always an important issue for the serious investor to release equity for the next buy-to-let Cyprus property investment. Cyprus does not have any problems to release equity and our local banks will advise accordingly.

Reselling your Investment in Cyprus: Cyprus has 50,000 expatriates living here full time, enjoying the gracious laid-back life style, with over 300 days of sunshine each year. The Cyprus real estate market is growing rapidly, providing an excellent resale environment with clients looking for quality homes in the best locations. Therefore, you will have no problem selling your investment in Cyprus.

Investment Locations in Cyprus

Paphos has historically provided excellent rental returns on buy-to-let properties and continues to do so, with an excellent set of rental Management Companies available.

Kato Pafos, Tomb of the Kings, Coral Bay, Sea Caves Tala, Peyia and anywhere on or near the three golf courses offers the best investment location. Latchi and Polis are just pure nature and are a bit of a secret but well worth looking at. Because they are so far behind the market in every sense, prices can only go up and up.

Limassol has great opportunities on the beach front in the East Beach area, better known as the tourist area.

Larnaca is up and coming, with dramatic property sales being concluded on and around the new golf course. A new airport is under way with $2 billion investment in roads, telecommunications and a new marina. Larnaca is a dark horse in the stable, ready to take off.

Ayia Napa, Protaras and Paralimni offer the best beaches, a quiet location with beachfront properties providing the best returns for buy-to-let. Excellent property management companies in this area, with online account checking for each client and password login facilities.

Nicosia. A bit of a dark horse with most investors forgetting the capital of Cyprus in favour of the beach towns. Boasting the largest population, Nicosia is head-quarters for government, banking, businesses, university and is the most dynamic business centre in Cyprus!

Short-Term Tourist Rental Prices in Cyprus

The Rental Seasons: High season, which is the most expensive, is from May until September, while low season is from October to April, with monthly price variations depending on the period during the seasons.

See the tables below.

Price Indications for a Two-Bedroom Buy-to-Let Apartment with Communal Pool - PER WEEK.

Month	Price (C£)	Price (€) Euro
January PER WEEK	175	257
February “	175	257
March “	175	257
April “	275	404
May “	275	404
June “	350	515
July “	375	551
August “	375	551
September “	350	515
October “	350	515
November “	225	331
December “	225	331

Price Indication for a Three-Bedroom Buy-to-Let Villa in Cyprus with Private Pool - PER WEEK.

Month / Season	Price (C£)	Price (€) Euro
January PER WEEK	450	662
February “	450	662
March “	490	720
April “	540	794
May “	630	926
June “	740	1,088
July “	890	1,308
August “	1050	1,544
September “	820	1,205
October “	720	1,058
November “	480	706
December “	450	662

Long-Term Property Rentals in Cyprus

These vary according to location and quality of property. Price indications PER MONTH.

2-bedroom apartment: C£ 400 to C£450 per month.
3-bedroom apartment: C£450 to C£500 per month.
2-bedroom villa with pool: C£650 per month.
3-bedroom villa with pool: from C£1,000 per month.

Location Location Location: Important points to consider for buy-to-let Cyprus property investors.

Only consider popular areas in Cyprus providing high returns and good resale potential.
Beach, front line if possible. Always in great demand, hence, be first to purchase off-plan, securing the best locations.
Sea views, even from a distance, are always a winner.
Within walking distance to a good beach.
Close to a golf course.
Swimming pool, private or communal, is a must.
Close to, or within walking distance of, local amenities.

For further advice on information on buy-to-let Cyprus property, please contact us.

Andrew Sharpe, a British expatriate, has been living in Cyprus since 1977. He is married to a Cypriot and has four children. Thanks to the many years he has lived in Cyprus, he is able to offer a hands-on approach to the many unknowns that may await any prospective resident, providing a very relaxed helpful, information service for property sales. Cyprus property has offices in all the island's major towns, i.e. Nicosia, Limassol, Paphos/Pafos, Protaras, Larnaca/Larnaka and Platres. Details on property finance, property sales, laws on purchasing property in Cyprus. Regular web site updates.

E-mails replied to within 24 hours.

Cyprus Fax/Tel 0035725571715 Mobile 00357 99537985 E-mail andrew@cyprusprop.com

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