Full Description

Located in Paphos, Cyprus The Residence offers 41 Two Bedroom Apartments with stunning Panoramic sea views. Prices start at just £83,732 and only 15% deposit to pay over 6 months. There are 80% mortgages available on completion with an interest rate of just 3% variable. The following are the main Invest Points for Cyprus: 1. 12 month rental season with no void rental periods 2. CYP £10,000 Tax FREE earnings per year and 20% after 3. Only 5% tax on retirees after the CYP £10,000 allowance 4. No Inheritance Tax 5. Paphos International Airport is currently being expanded 6. Low cost flights as low as £39 from the UK 7. Petrol costs less than half of that in the UK 8. Excellent motorway network linking all the major towns 9. Government has invested CYP £1 Billion in Paphos to build more hospitals, schools, universities, business parks and family entertainment centres to cope with the demand 10. Wide range of water sports from Scuba Diving to Jet Skiing and Paragliding 11. Cyprus is safe with very low crime rates 12. Very Low home insurance due to low crime rates 13. Cyprus joined the EU in May 2004 and joins the Monetary System and adopts the Euro in 2007 14. Buoyant rental market all year round 15. Amazing hot weather annually with Paphos weather considered the finest on the island with 340 sunny days a year and an average temperature of 26C-32C Summer & 12C-18C Winter 16. Wide range of cultural & historic attractions 17. Efficient and modern banking system 18. Fair and respected investor friendly legal system 19. English is widely spoken throughout Cyprus 20. 6 week ski season in Troodos Mountain Range