| The Cyprus Property market is one of the | | | | Developers usually offer two-storey villas with |
| fastest growing markets within Europe. | | | | three to four bedrooms, with two bathrooms, |
| Purchasers are attracted by the potential growth | | | | living/dining room and kitchen with breakfast area. |
| in terms of returns on investment of property in | | | | Often the option of a swimming pool is also |
| Cyprus compared to other countries in Europe | | | | given.Prices vary according to the location and |
| and the UK. The climate (340 days of sunshine a | | | | area of land involved. |
| year), along with easy access to the UK, Europe | | | | Upon the issue of the covering permit or, if this is |
| and other destinations is also a significant plus | | | | not required, an application must be made to the |
| factor when considering the purchase of property | | | | Appropriate Authority for the issue of a |
| to buy in Cyprus. | | | | certificate of final approval.When this is issued, it |
| Cyprus is the lead nation that joined the European | | | | will have to be deposited at the District Lands' |
| Union in 2004 which is another factor affecting | | | | Office so that the registration of the building on |
| the growth and prices in the property for sale | | | | the title deed of the land is effected. |
| market of Cyprus. It is expected that in the | | | | Charges for utilities are payable to the respective |
| run-up to becoming a member of "the club", | | | | authorities at regular intervals throughout the |
| prices of property for sale in Cyprus will continue | | | | year. They are based strictly on the consumption |
| to rise at an estimated growth rate of around | | | | of each unit. While the cost will vary, |
| 20% per annum.The climate of Cyprus makes | | | | approximately CY180 per year can be considered |
| the island one of the healthiest places in the world. | | | | a rough guide. |
| With 340 days of bright sunshine annually. | | | | |