Why Cyprus is The Best Place For Investment and Golf Property in Europe and Worldwide!!

May 26, 2010 - PRLog -- Perhaps the best reason to invest in a Cyprus property is the fact that there is a dual taxation agreement with the US, Uk and many other European countries regarding Cyprus. This means that property purchased here cannot be taxed in many European countries. Should a buyer seek to invest in quite a few properties they are able to register as a limited company in Cyprus and pay a flat rate of 10% absolutely fantastic if you do not like the tax man. this would be suitable if you were looking to purchase 5 or more properties. Your other alternative is to pay a 6.25% rate on the (profits) of selling each property on as many as you care to sell. There is also an exemption if you are selling under three properties in a financial year. So financially the reasons to invest in properties here are abundantly obvious, there are better tax concessions than just about anywhere on the planet.

What are the prices of property in comparison to other European hotspots and are there exeptional deals available? Buying a property in Cyprus as a like for like property they are at least a third cheaper than in the rest of the popular golfing destinations in Europe like Spain and Portugal as standard. Due to the recent slowdown in the market this has pushed the prices even lower and you will find as an investor or single buyer that this gives a lot of leeway for negotiating an even better purchase price! Buying a top investment property in the right location for a bargain price is the investors greatest tool. Having said this on some of the more publicised properties there are a lot of investors who are familiar with the Cypriot market and some of the developments have been completely sold on planning permission alone!

What about the ease of the purchase? Always follow the golden rule and use an independent Cyprus Bar Association registered laywer to dot the I's and cross the T's and you will find the easiest property buying process there is... it will also be cemented in solid concrete for those property buyers who do not follow this golden rule there have been a few issues. Remember that many Cypriot laywers have been trained in the Uk and US so there are no terrible language barriers to overcome. Cyprus is also a member of the European union and the legal system is a combination of the UK and US but simplified especially when buying property. So added to a fantastically easy buying process. and one of the most stable currencies in the world today these are the factors that make for a succesful property investment. Many people investing in emerging markets such as South Africa, South America and Asia have lost all their profits and more due to currency fluctuations. It is a well established and universal fact that Cyprus has had one of the most stable currencies in the world for the last 9 years. Even the worldwide property slump for the last two years has had a minimal effect on the Cypriot Pound.

As a discerning property investment website 1cyprusproperty.com only features the best investment and bargain property in Cyprus. We are not trying to shift 6000 unsold properties which are of no use to anyone! We are also adding a unique service to our buying process! If you are a busy individual and you have money to invest in property then understandably you do not have a lot of spare time as there are only 24 hours in a day and most people have trouble fitting enough in. Even worse if you are a sportsman or investor?? So for a small fee we will make the process even more discreet, faster and easier for you! In order to discover the benefits of our rapid and discreet service you will have to contact us directly.

What about the returns and the safety of your investment? There are literally thousands of comparisons of rental yields, capital gains and other figures relating to Cyprus property and investment property worldwide and they do not accurately identify the right figures. The reason for this is if you take Cyprus as an example, some internet guru will tell you that the rental yields and capital gains are not bad but not exceptional either. Pay no attention to them! The reason is not only are there world class tax exemptions but on true investment property there have been on average rental yields of 7 -8 % per annum and profit gains of 30 - 40% for early purchases to completion of projects, among them golf property. The figures you read anywhere are based on the average rental yield in Cyprus and are in no way accurate. Many developers in Cyprus twigged on to the huge rental market in Cyprus a few years back and began to pump out rental property after rental property thus over saturating the market with literally thousands of cheap rental properties thus pushing down ( average ) rental yield. This is where all the wrong information comes about because many places selling Cyprus property are remote and are not actually based in Cyprus. Top location and sought after Cyprus property has consistently out performed most property worldwide for the last eight years in terms of rental yields and capital gains.

What kind of property are you referring to? The kind of property in Cyprus an investor needs to buy is mid to high range property with sea views in top locations and golf property is another that is high in demand on or very close to golf courses. There is also a push by the government to turn Cyprus in to Europes premiere golfing destination and with the fantastic scenery and some magnificent courses already in place they will do. There is permission already in place to construct 14 new golf courses in Cyprus.The author has played at many courses in many countries and rates them as magical. Gary Player and Jack Nickluas are completing a PGA course here and have only jointly done this in the States and Emirates. These new and some existing projects provide investment gold at the cheapest purchase prices in Europe, a widely agreed on fact by all property investment portals.

Title Deeds! A large factor in the slowdown of the Cypriot housing market. Very simple any agent can find this out prior to selling any property, as we do! Lastly having enjoyed one of the most vibrant and financially rewarding property markets for the last ten years the developers and the ministers in Cyprus Know that they are cutting their own financial wrists and when developers and the cypriot economy is losing out massively due to this you can be sure that this issue has been top of the agenda and will be sorted very soon.

There is only one other destination with more investment potential than Cyprus and it is the Arab Emirates, but as a prudent property investor a European investment would negate any politcal factors which may pose less risk than investing in the Arab states.

To see what we have to offer and to procure some of the finest investment gems available today: contact David at  http://www.1cyprusproperty.com
or visit  http://www.1cyprusproperty.com/property_investment.html

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We are dedicated to finding the best purchase opportunities and Property investment portfolios in Cyprus, Our specialist areas are prime location property in Cyprus, Luxury beachfront or seaside property, exclusive luxury and bargain golf villas.