Sunday Times Recent Report – “Cyprus best place in the world for retirement.”

A recent report in the  leading British Sunday newspaper the Sunday Times entitled: “Revealed: the best places in the world for retirement,” put Cyprus firmly in the top slot for Britons seeking a more attractive destination in retirement.  So there are even more reasons to buy property in Cyprus now it seems – because after this report details why Cyprus is so appealing, a nation of British retirees will be packing their bags and moving to Cyprus in search of a new home to buy or rent!

The Cyprus investment property market has long been dominated by buyers searching for front line or well positioned property with amenities that will be appealing to the summer holiday set – but now there is a whole new market to directly and specifically target, and that’s the retirement one.

Cypriot property prices remain favourable compared to prices in France or Spain – or even Malta or Gibraltar.  Mortgages are available to overseas buyers, healthcare is available to British retirees now that Cyprus is in the EU – and healthcare in Cyprus is of a very high standard too...and what’s more, because Cyprus is in the EU Brits can get residency very easily.  Finally, Cyprus has no inheritance tax – it was abolished in 2000 and this is one reason some British pensioners cite as a reason for retiring to the island.