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Income Potential
Investing in a property for an Income is very attractive as Paphos is
a year round resort and therefore rentals for tourist property are available
year round. If you purchase a non tourist type home, then with Paphos growing
as a commercial base and the proximity to Limassol and Larnaca via the motorway
links, it is becoming an increasingly sought after residential location.
We can assist you in renting your property both for short holiday lets
and for long term rental, in either case, we have an established procedure
for this and would happily help you. In fact the growth of the rental
market has been so immense that some of our builders are offering purchase
agreements where they guarantee you rental income. Business Opportunities
Cyprus joined the EU in 2004 and has planned to adopt the Euro as its
currency from 2008; this it is thought will enhance the Islands already
high reputation as a commercial centre of excellence and innovation. The
economic stability and growth potential already attracts a great deal
of inward investment, and the Island is always happy to encourage this.
Many new projects on the Island attract funding from the EU as tourism
has become such a feature of the economy as a whole. Cyprus has one of
the highest rates of returning tourists in the world, and enhancing facilities
is a great help. The type of project that can attract funding from the
EU includes golf courses – marinas – theme parks – health
& botanic farms – athletic centres – and installations
for tourist education.
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