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Buying property in Cyprus

Cyprus enjoys a warm climate throughout the year, and its people are well disposed towards the British, as a result of long-standing good relations between the two nations.

Largely English speaking (90 per cent of Greek Cypriots speak and/or understand English), Cyprus has long been popular with British buyers, particularly those in their retirement years, owing to favourable pension and tax laws on the island for all non-nationals, especially retirees.

The island's accession to the EU in 2004 has resulted in improved infrastructure, communications and facilities, particularly in the medical and educational sectors. Its joining of the euro, scheduled for 2008, will further underline its position as a modern republic that welcomes people of all nationalities to its shores.

Property prices have risen by as much as 80 per cent over the past five years, but still represent good value in comparison with other, more established markets, such as Portugal, Spain and Italy, particularly for new build property, which is in the majority on the island.

More info: Buying in Cyprus podcast I Overview of Cyprus I Buying guide
Be there: Book a flight to Cyprus