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Cyprus Property Blog by Cleo

Buying Property in Cyprus is a great investment choice and we discuss various aspects.

Retirement in Cyprus is more than Sunshine

I moved to Cyprus because of the weather. Yes, there was other reasons that influenced my decission but in the back of my head the idea of enjoying life without extreme, harsh winters gave me a great feeling. No longer scraping the snow off of the windscreens of my vehicles and jumping the battery that would not turn the engine over in the below zero tempretures.

Since being here ( this is my third winter) I see why so many people have moved here for the same reasons and also found out many more reasons why anyone close to the retirement age should think about moving to Cyprus. The obvious reasons are the costs of living, lower prices all around from buying property to food, better quality of life, much less or no crime. Other benefits are investment income from dividends are tax free, profit on shares and securities are tax free and corprate profits are taxed at 10%, over all tax in Cyprus is low compared to other EU countries. Need I say more. I think that's enough for now. Please add your many reasons why you think Cyprus is a great place to retire.

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Cyprus Property is Hot! Now more than ever. There are over 20 million northern Europeans (European baby boomers) that have retired in the last few years which is a great number and many will be British. Many have been waiting for the financial crisis to past before they make the move to Cyprus. With warm weather, low crime rate, low cost of living in Cyprus and English speaking population, do you think Cyprus will have enough properties for every one?