• Prices from €138,000.
  • 1 year rental guarantee at 5%p.a.
  • Off plan development completion planned February 2011
  • Strong rental yields anticipated
  • Capital growth of 5% p.a. predicted upon completion.
  • High specification apartments -include all white goods, wireless connectivity, tiling throughout
  • Excellent exit strategies. Pyla has been designated a ‘hotspot’ for 2009.

Key points:

  • Dedicated management office.
  • Large fully equipped gymnasium.
  • Solar heated indoor swimming pool.
  • Large communal outdoor swimming pool.
  • 10 minutes from the new international airport opened in October 2009.
  • Airlines flying to Larnaca include British Airways, EasyJet, and Thompson.
  • Less than a 10 minute walk to the proposed site of potential theme park.
  • Within a 10 minute drive to the 18 hole PGA golf course.
  • Approval has been granted for a new marina in nearby Larnaca providing 900 births and able to accommodate ‘super yachts’ over 35 metres.

Why Cyprus?

  • Cyprus will take over the EU Presidency in July 2012.
  • The service sector (including tourism and shipping industry) contributes nearly75% to the GDP and employs around 70% of the labour force. (Source: The Federation of International Trade Associates)
  • The anticipated population growth in Cyprus is vast. According to recent European Union projections, the number of people living in Cyprus will rise by 66% by 2058, strengthening the property market and stabilising cost predictions.
  • A fantastic EXISTING tourist sector which is expected to significantly increase with: The approval of a further 14 golf courses making 17 in total on the Island. Cyprus aims to become a prime international golfing destination. The construction of 4 international marinas to be located across Cyprus.
  • An excellent business sector, and a popular offshore haven for investors.
  • Cyprus offers one of the lowest corporate tax rates at 10% in the EU.
  • Predicted Capital Growth: 5% p.a.
  • “Cyprus to have Highest Growth Rate in Europe” Cyprus Finance Minister, Charilaos Stavrakis, Cyprus growth rate will be quite satisfactory and close to 2%.
  • The anticipated population growth in Cyprus is vast. According to recent European Union projections, the number of people living in Cyprus will rise by 66% by 2058, strengthening the property market.

Recent Editorial Reports:

“Cyprus has been rated as the best place to invest in property anywhere in the world”
Quote: A Place in the Sun -2007


Set your sights on Cyprus
There’s always hype in a country when it adopts the euro and Cyprus is no exception. It joined the Eurozone in January 2008, a move that so far seems to have given it a shot in the arm. “In spite of the world going through an unprecedented economic crisis, marked by high levels of inflation and stagnation, the Cyprus economy remains extremely satisfactory”.

Cyprus has year-round sun, glorious beaches and a British heritage. A recent survey showed that Cyprus is the 4th most popular destination with readers looking to buy abroad. June 2009 The Sunday Times January 20, 2008. Today, we reveal the best places in the world to retire, based on eight key financial categories – income tax, inheritance tax, property tax, property costs, ease of gaining residency, healthcare, climate and culture. The comprehensive research, conducted by the Homebuyer and Property Investor Show, gave the 10 most popular retirement countries a mark out of 10 in each category, to come up with an overall score out of 80. Cyprus tops the list of destinations. Nick Clark, managing director of Homebuyer Events, said: “Not only does Cyprus offer a warm, sunny climate, it also benefits from favourable taxation and healthcare policies.”