Why Home4U

1. How do we see property market evolving in Cyprus?
   
   Cyprus has proven over two decades to be one of the more popular destinations for Europeans that seek a holiday, a retirement or an investment home. Demand for the island is increasing at a rapid rate and typical growth rates of 20% plus per annum in carefully selected locations can be observed.
    
2. What makes Cyprus such a desirable property hotspot compared to others?
   
   
   1. The climate. Winters without hazardous road conditions, no freezing fog or black ice, and summers without rain. Not to mention clear blue skies (with an average of 340 days of sunshine), spectacular sunrises and sunsets, and brilliant star and moonlit nights.
   2. The diverse landscape and environment. Lovely beaches, majestic mountain peaks, some capped with snow until early April, impressive gorges, hidden caves, ancient sites (e.g. Paleolithic cities, Venetian castles, walled cities, abbeys, ancient Greek and Roman ruins), picturesque and literally untouched villages of character and tradition.
   3. The outdoor activities. Outdoor activities are abundant, including trekking, skiing, golfing, sailing and diving, ideal for nature lovers and water sports enthusiasts.
   4. The cost of living and economy. Studies indicate that the cost of living in Cyprus is about 30% lower than Spain’s and Portugal’s. Competitive prices and a low cost of living compared with other European destinations make for an ideal investment climate. The Strategic Plan for Tourism 2010 is upgrading facilities and resorts in line with 21st century tourism trends. This is set to boost an already thriving tourism industry on the island. A successful and growing economy indicates strong potential for property investment growth in the future.
   5. The low taxes. A low tax regime makes investors’ money go even further, while pension income is taxed at only 5%. Additionally, corporate tax is the lowest in the EU at a rate of 10%, attracting numerous multinational companies.
   6. The language of communication. Almost all Cypriots speak English.
   7. The low crime rate. One of the lowest crime rates in Europe; a crime rate of 6.44 crimes per 1,000 inhabitants.
   8. The mix of cultures. Cyprus offers an interesting mix of cultures, with strong Greek, Middle Eastern, UK and Turkish influences
   9. The warmth and hospitality of the Cypriot.
   10. The geographic location. Proximity to the European mainland means that Cyprus benefits from regular budget direct flights, making access to the island very easy.
   11. Part of an EU member country. EU inclusion since May 2004 means EU financial assistance and several other economic benefits.
   12. Part of a non-volatile country.
   
    
3. Which other destinations do we consider a competitor?
   
   Italy, France, Spain and Portugal are far too expensive, far too crowded and far too touristy; Turkey is far too volatile and it will remain so for a number of years to come especially after September 11 and so are Lebanon, Egypt and Jordan; Malta is far too small and Florida is far too far. Crete, Crete is the only competitor that Cyprus has, the same people, Greek, same culture, same climate, about the same size of an island although with no international direct flights.
   
   Here it is also important to note of the other Greek islands as a competitor, but none of them have either the climate or the size of Cyprus, and thus poorer amenities, infrastructure and so forth. By the way, Cyprus is the third largest island in the Mediterranean.
    
4. What are the initial benefits of investing/buying with Home4U as opposed to other property agents?
   
   Impeccable service! Our Clients need to worry about nothing, whether this is land taxes or any other taxes, legal or financial advice. The only thing they would worry themselves about is selecting the real property of their choice.
   
   Additionally, as Preferred Associates of PYTHEAS, the leading international investment and advisory organization, we are in a position to utilize Pytheas’ tremendous investment, capital raising and market research capabilities, therefore, providing a more than complete service to our valued Clients.
   
   Furthermore, our relation with our Clients does not end with the signing of the contract; any issues raised due to cultural changes or schooling for their kids, accounting or taxation we are closer than a phone call away and always available.
   
   We make sure that Cyprus is more home than home.
    
5. Can a foreigner receive funding for her/his envisaged purchase?
   
   Yes. Through PYTHEAS Private Credit we can arrange in most cases for up to 70% of the capital requirements via a local or international financial institution.