Property investment has long been a favourite method for many people when it comes to securing their future. The only difference is that now more and more people are making these investments abroad rather than in the UK due to the many advantages this holds. One of the most popular destinations is Cyprus due to the great weather, cheaper living costs and excellent healthcare and education system.
Before making such a drastic move it is wise to get as much information about the area and the way things work so you know what to expect. Cyprus become a full member of the European Union in 2004 and adopted the Euro earlier this year. This makes travel and business transactions easy if you are from other European countries who use the Euro but those going from the UK should keep an eye on conversion rates to determine when is a good time to look into property investment there.
Some people go into property investment so that they can have a holiday home to go to every year whereas others are looking to relocate. A common question amongst those looking to relocate is about their pets. All pets that are brought into Cyprus must have all the necessary vaccinations and health checks. They can be kept under home quarantine for six months which means that you do not have to be separated from your pet. However, it must be in a previously designated area where the Veterinary Services Department will come and inspect them at intervals.
One of the many reasons why Cyprus is such a popular choice for those looking into property investment is because it is a very tax – efficient country to invest and live in. Taxation on the island is still low compared to other European countries which makes it very appealing to many people.
Cyprus enjoys over 340 days of sunshine a year which makes it a very appealing place to those who are into property investment. Not only does this mean that if you choose to live there you can have year round good weather, but it makes it a very popular choice amongst holiday makers throughout the year. This means that if you choose to rent out your property investment while you are not using it, chances are that there is always going to be a demand for it.
It is important to research property investment properly before committing to anything due to the large amount of money involved. However, there is plenty of information available about this topic and plenty of companies out there who will be more than happy to provide you with the required information.