Situated in the northeastern part of the Mediterranean sea and 75 km south of Turkey, Cyprus is the third largest island in the Mediterranean and one of the most popular tourist destinations. With alluring beaches and surrounding mountain peaks, vineyards studded with olive trees and ancient ruins that stir the imagination, citrus groves and old stone villages, this country has something to offer to everyone.
The property market in Cyprus is attractive to locals and foreign investors who see it as a stable and low risk investment guaranteed to yield decent returns. The key reason why the property market is so appealing to foreign investors is that it has European systems in place, low taxation and an excellent communication system.