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Cyprus offers unique opportunities for investments in real estate. Most investors know that Cyprus has one of the most favourable tax regimes in Europe. Fewer investors are aware that the current real estate prices in Cyprus are still very attractive compared to most countries in South Eastern Europe and the Mediterranean region (and clearly the rest of Europe). In addition Cyprus is simply a great country to live in and visit.
See also Why Cyprus
Key geographic facts
| Location: |
South Eastern Europe, island in the Mediterranean Sea |
| Area: |
total: 9,250 sq km (of which 3,355 sq km are in the north of Cyprus which is occupied by Turkey)
land: 9,240 sq km
water: 10 sq km
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| Coastline: |
648 km |
| Climate: |
temperate; Mediterranean with hot, dry summers and cool winters |
| Terrain: |
central plain with mountains to north and south; scattered but significant plains along southern coast |
| Elevation extremes: |
lowest point: Mediterranean Sea 0 m
highest point: Mount Olympus 1,951 m |
| Land use: |
arable land: 10.81%
permanent crops: 4.32%
other: 84.87% (2005) |
Key demographic and political facts
| Population: |
788,457 (July 2007 est.) |
| Political situation |
Republic &ndash Stable |
| Legal system: |
Based on common law, with civil law modifications; accepts compulsory ICJ jurisdiction, with reservations |
| Capital |
Nicosia |
| Ethnic groups |
Greek 77%, Turkish 18%, other 5% (2001) |
| Religions: |
Greek Orthodox 78%, Muslim 18%, other (includes Maronite and Armenian Apostolic) 4% |
| Languages: |
Greek, Turkish, English |
| Literacy: |
definition: age 15 and over can read and write
total population: 97.6%
male: 98.9%
female: 96.3% (2003 est.) |
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