and the natural gas extracted, the estimates are that this will bring in Trillions of Euros in revenue to Cyprus’ coffers. The power plant that will extract the natural gas and pipe it to the Eurozone and other countries is going to be built between Limassol and Larnaca( on the South-Eastern side of the island) and will be operational by 2014.
Cyprus is the only English speaking country in the EU currently offering affordable permanent residency to South African passport-holders on the purchase of a residential property. The opportunity to be able to acquire permanent residency in another country has huge appeal. Cyprus still offers this option through the purchase of a residential property, and a Cypriot permanent residency permit offers more than just access into an European country- there are some unique benefits and a lifestyle elements 2nd to none.
Investing in property is a solid strategy for the future; and investing in property in Cyprus can secure your future. The global slowdown in the property market resulted in many real estate agency and property developer casualties, which is why it is critical that the choice of company to work with overseas is well researched.
The reason that so many South Africans have made Cyprus their‘ Plan B’ is because of its similarity to South Africa. Driving on the left-hand side of the road makes getting around easy, while being able to buy local favourites like Mrs Balls Chutney and rooibos tea, plus being able to eat at restaurants like
Ocean Basket & Nando’ s, makes you feel right at home. Cyprus is an ex-British colony, which means that everyone speaks English, so there are no language or cultural barriers.
Cypriot Realty opened its doors with the intention of assisting clients to make informed decisions about considering Cyprus by showcasing the many benefits of owning property, opening a business and being exposed to a thriving economy. The company has grown from strength to strength from humble beginnings in Cape Town and now boasts a national team of experienced offshore property specialists dedicated to deliver exceptional client service.
The decision to purchase an offshore property is a major one and having a local team that understands the South African mind-set and assists throughout the whole process is a huge advantage. Despite the current sluggish real estate market worldwide, historical trends prove that long term a property investment out-performs all other types of investment, as it converts into a tangible asset that increases in value over time. And property is currently the only investment where gearing is possible.
In Cyprus the lifestyle really is the best of the best. Living is laidback – you set your own pace. And what better place to do this, than where the blue skies meet the Mediterranean Sea: on the beautiful island of Cyprus?
RESOURCES
CYPRIOT REALTY
www. reimag. co. za FEBRUARY 2017 SA Real Estate Investor 49